OPENLANE Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
OPLN$34.90+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| September 30,2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $132.1 | $93.5 |
| Restricted cash | 28.5 | 65.4 |
| Trade receivables, net of allowances of $9.9 and $9.9 | 300.0 | 291.8 |
| Finance receivables, net of allowances of $19.0 and $23.0 | 2,192.5 | 2,282.0 |
| Other current assets | 131.7 | 109.2 |
| Total current assets | 2,784.8 | 2,841.9 |
| Other assets | ||
| Goodwill | 1,269.9 | 1,271.2 |
| Customer relationships, net of accumulated amortization of $449.4 and $438.5 | 123.0 | 136.1 |
| Other intangible assets, net of accumulated amortization of $517.9 and $475.4 | 166.6 | 181.5 |
| Operating lease right-of-use assets | 70.6 | 75.9 |
| Property and equipment, net of accumulated depreciation of $177.7 and $187.2 | 159.6 | 169.8 |
| Other assets | 51.3 | 49.9 |
| Total other assets | 1,841.0 | 1,884.4 |
| Total assets | $4,625.8 | $4,726.3 |
Consolidated Balance Sheets
(In millions, except share and per share data)
| September 30,2024 | December 31, 2023 | |
|---|---|---|
| Liabilities, Temporary Equity and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $650.8 | $556.6 |
| Accrued employee benefits and compensation expenses | 32.1 | 40.5 |
| Accrued interest | 11.2 | 10.1 |
| Other accrued expenses | 90.2 | 75.3 |
| Income taxes payable | 4.4 | 9.8 |
| Obligations collateralized by finance receivables | 1,528.8 | 1,631.9 |
| Current maturities of long-term debt | 267.8 | 154.6 |
| Total current liabilities | 2,585.3 | 2,478.8 |
| Non-current liabilities | ||
| Long-term debt | — | 202.4 |
| Deferred income tax liabilities | 21.1 | 20.9 |
| Operating lease liabilities | 64.1 | 70.4 |
| Other liabilities | 15.7 | 14.3 |
| Total non-current liabilities | 100.9 | 308.0 |
| Commitments and contingencies (Note 9) | ||
| Temporary equity | ||
| Series A convertible preferred stock | 612.5 | 612.5 |
| Stockholders' equity | ||
| Common stock, $0.01 par value: | ||
| Issued and outstanding shares: | ||
| December 31, 2023: 108,040,704 | 1.1 | 1.1 |
| Additional paid-in capital | 719.8 | 738.2 |
| Retained earnings | 648.6 | 624.4 |
| Accumulated other comprehensive loss | (42.4) | (36.7) |
| Total stockholders' equity | 1,327.1 | 1,327.0 |
| Total liabilities, temporary equity and stockholders' equity | $4,625.8 | $4,726.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.