For the quarter ending 2025-09-30, KAR had -$2,400K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 47,900 | 70,300 |
| Net income from discontinued operations | 0 | 0 |
| Depreciation and amortization | 22,700 | 45,700 |
| Provision for credit losses | 29,500 | - |
| Deferred income taxes | 1,200 | 2,800 |
| Amortization of debt issuance costs | 2,200 | 4,400 |
| Stock-based compensation | 4,100 | 5,800 |
| Loss on sale of property | 0 | -7,000 |
| Other non-cash, net | -100 | -200 |
| Trade receivables and other assets | 65,700 | 55,100 |
| Provision for credit losses | - | 18,000 |
| Accounts payable and accrued expenses | 48,200 | 95,100 |
| Net cash provided by operating activities - continuing operations | 72,200 | 194,200 |
| Net cash used by operating activities - discontinued operations | 0 | 0 |
| Net (increase) decrease in finance receivables held for investment | 151,100 | 45,000 |
| Purchases of property, equipment and computer software | 14,600 | 26,100 |
| Investments in securities | 400 | 700 |
| Proceeds from the sale of property and equipment | 0 | 42,400 |
| Net cash (used by) provided by investing activities - continuing operations | -166,100 | -29,400 |
| Net cash provided by investing activities - discontinued operations | 0 | 0 |
| Net increase (decrease) in book overdrafts | 12,600 | 500 |
| Net repayments of lines of credit | 22,600 | -23,200 |
| Net increase (decrease) in obligations collateralized by finance receivables | 96,400 | 49,400 |
| Payments for debt issuance costs/amendments | 0 | 400 |
| Payments on long-term debt | 0 | 210,000 |
| Payments on finance leases | 0 | 0 |
| Issuance of common stock under stock plans | 4,900 | 2,900 |
| Tax withholding payments for vested rsus | 0 | 6,500 |
| Repurchase and retirement of common stock | 26,400 | 9,400 |
| Dividends paid on series a preferred stock | 11,100 | 22,200 |
| Net cash used by financing activities - continuing operations | 99,000 | -218,900 |
| Net cash provided by financing activities - discontinued operations | 0 | 0 |
| Net change in cash balances of discontinued operations | 0 | 0 |
| Effect of exchange rate changes on cash | -7,500 | 19,200 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -2,400 | -34,900 |
| Cash and cash equivalents at beginning of period | 183,700 | - |
| Cash and cash equivalents at end of period | 146,400 | - |
OPENLANE, Inc. (KAR)
OPENLANE, Inc. (KAR)