OPENLANE, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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, 2025 · Filed Nov 5, 2025
OPLN$35.23+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net income | $118.2 | $57.6 |
| Net income from discontinued operations | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 68.4 | 72.2 |
| Provision for credit losses | 29.5 | 42.2 |
| Deferred income taxes | 4.0 | (0.1) |
| Amortization of debt issuance costs | 6.6 | 6.9 |
| Stock-based compensation | 9.9 | 13.9 |
| Loss on sale of property | 7.0 | — |
| Other non-cash, net | 0.3 | (0.3) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Trade receivables and other assets | (120.8) | (36.1) |
| Accounts payable and accrued expenses | 143.3 | 103.8 |
| Net cash provided by operating activities - continuing operations | 266.4 | 260.1 |
| Net cash used by operating activities - discontinued operations | — | (1.4) |
| Investing activities | ||
| Net (increase) decrease in finance receivables held for investment | (196.1) | 50.4 |
| Purchases of property, equipment and computer software | (40.7) | (39.0) |
| Investments in securities | (1.1) | (1.9) |
| Proceeds from the sale of property and equipment | 42.4 | 0.9 |
| Net cash (used by) provided by investing activities - continuing operations | (195.5) | 10.4 |
| Net cash provided by investing activities - discontinued operations | — | — |
| Financing activities | ||
| Net increase (decrease) in book overdrafts | 13.1 | (3.6) |
| Net repayments of lines of credit | (0.6) | (86.4) |
| Net increase (decrease) in obligations collateralized by finance receivables | 145.8 | (93.0) |
| Payments for debt issuance costs/amendments | (0.4) | (14.7) |
| Payments on long-term debt | (210.0) | — |
| Payments on finance leases | — | (0.9) |
| Issuance of common stock under stock plans | 7.8 | 1.0 |
| Tax withholding payments for vested RSUs | (6.5) | (3.4) |
| Repurchase and retirement of common stock | (35.8) | (30.0) |
| Dividends paid on Series A Preferred Stock | (33.3) | (33.3) |
| Net cash used by financing activities - continuing operations | (119.9) | (264.3) |
| Net cash provided by financing activities - discontinued operations | — | — |
| Net change in cash balances of discontinued operations | — | — |
| Effect of exchange rate changes on cash | 11.7 | (3.1) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (37.3) | 1.7 |
| Cash, cash equivalents and restricted cash at beginning of period | 183.7 | 158.9 |
| Cash, cash equivalents and restricted cash at end of period | $146.4 | $160.6 |
| Cash paid for interest | $85.6 | $105.8 |
| Cash paid for taxes, net of refunds - continuing operations | $29.6 | $34.7 |
| Cash paid for taxes, net of refunds - discontinued operations | $(1.5) | $(0.5) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.