← RideNow Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($225k) | ($8.6m) | ($25.2m) | ($45.2m) | ($25.0m) | ($9.7m) | ($261.5m) | ($215.5m) | ($78.6m) | ($52.4m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($214.4m) | ($78.6m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($1.1m) | $0 | — | |
| Depreciation, Depletion and Amortization | $2k | $668k | $984k | $1.8m | $2.1m | $6.1m | $23.1m | $22.0m | $14.3m | $9.0m | |
| Amortization of Debt Issuance Costs | — | — | $401k | $1.2m | $1.9m | $2.2m | $2.6m | $10.4m | $9.2m | $8.8m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $144k | $42k | — | $6.4m | $10.4m | $9.2m | $8.8m | |
| Amortization of Intangible Assets | $2k | $668k | $984k | $1.8m | $2.1m | $6.1m | $23.1m | — | — | — | |
| Capitalized Computer Software, Amortization | — | $589k | $826k | $1.4m | $1.9m | $1.4m | $4.7m | — | — | — | |
| Depreciation | $2k | $668k | $958k | $1.8m | $2.1m | $6.1m | $23.1m | $22.0m | $14.3m | $9.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | $503k | $1.7m | $3.8m | $3.0m | $29.2m | $9.4m | $12.0m | $4.6m | $2.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $1.4m | — | — | |
| Share-based Payment Arrangement, Expense | — | $503k | $1.7m | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | $350.3m | $60.1m | $39.3m | $34.8m | |
| Goodwill, Impairment Loss | — | — | — | $1.9m | $0 | $0 | $244.7m | $23.1m | — | $800k | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $39.3m | $34.8m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | $0 | $0 | — | — | $39.3m | $34.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($1.5m) | $188k | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $0 | $500k | $1.9m | |
| Income Tax Expense (Benefit) | ($513) | $0 | $0 | $0 | $0 | ($21.7m) | ($72.6m) | $59.3m | ($200k) | $300k | |
| Operating Lease, Expense | — | — | — | $1.7m | $2.2m | $7.4m | $31.4m | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $4.3m | ($8.4m) | $0 | $600k | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | ($2.0m) | $1.2m | $9.8m | ($5.9m) | $2.4m | ($19.8m) | ($1.6m) | |
| Increase (Decrease) in Inventories | — | $2.8m | $1.7m | $2.3m | ($24.3m) | $53.2m | $102.3m | $31.7m | ($107.9m) | $16.8m | |
| Increase (Decrease) in Accounts Payable | $130k | ($577k) | ($286k) | — | — | — | — | — | — | — | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | $1.1m | $311k | $0 | — | — | — | — | |
| Purchases of property and equipment, accrued but unpaid | — | $623k | $6k | $120k | $175k | $5.6m | $5.6m | $13.7m | $2.0m | $5.6m | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | $900k | $400k | |
| General and Administrative Expense | $58k | $1.4m | $10.0m | $29.9m | $18.1m | $40.7m | $65.6m | $43.5m | $32.3m | $30.1m | |
| Goodwill | — | $1.9m | $26.1m | $26.9m | $26.9m | $260.9m | $21.1m | $800k | $800k | $0 | |
| Inventory Write-down | — | — | — | — | — | — | — | $12.6m | $0 | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($64.1m) | ($51.9m) | |
| Operating Expenses | $213k | $15.3m | — | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $76k | $1.4m | — | — | — | |
| Stock or Unit Option Plan Expense | — | — | — | $24k | $21k | $31k | $0 | $0 | $700k | ($700k) | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | $1.3m | $11k | ($8.8m) | $39k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($20k) | ($9.6m) | ($23.5m) | ($39.7m) | $17.1m | ($32.2m) | ($18.9m) | $3.4m | $0 | $15.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $0 | $623k | $6k | $120k | $175k | $5.6m | $5.6m | $13.7m | $2.0m | $5.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $3.3m | $700k | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($46k) | ($1.9m) | ($17.6m) | ($3.9m) | ($2.3m) | ($378.8m) | ($82.2m) | ($19.1m) | $900k | ($2.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $84.5m | $2.2m | $0 | $10.0m | |
| Proceeds from Issuance of Common Stock | $1.4m | $17.7m | $33.1m | $15.2m | $10.8m | $191.2m | $0 | $98.4m | $9.8m | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($1.4m) | ($900k) | |
| Net Cash Provided by (Used in) Financing Activities | $1.4m | $19.3m | $47.6m | $34.6m | ($18.1m) | $459.5m | $107.7m | ($5.2m) | $0 | ($67.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $9.2m | $15.8m | $6.7m | $48.5m | $6.6m | $18.4m | $19.7m | ($53.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $6.7m | $3.5m | $52.0m | $58.6m | $77.0m | $96.7m | $42.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $204k | $1.2m | $4.9m | $3.8m | $12.1m | $49.4m | $66.0m | $49.5m | $45.7m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $6.6m | $1.0m | ($800k) | $400k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.