OPENLANE, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $48.9 | $36.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 22.9 | 22.7 |
| Provision for credit losses | 10.3 | 9.3 |
| Deferred income taxes | 2.6 | 2.4 |
| Amortization of debt issuance costs | 2.4 | 2.2 |
| Stock-based compensation | 9.4 | 1.7 |
| Other non-cash, net | 0.4 | 0.2 |
| Changes in operating assets and liabilities: | ||
| Trade receivables and other assets | (140.2) | (109.3) |
| Accounts payable and accrued expenses | 202.9 | 156.5 |
| Net cash provided by operating activities | 159.6 | 122.6 |
| Investing activities | ||
| Net increase in finance receivables held for investment | (30.5) | (19.8) |
| Purchases of property, equipment and computer software | (13.1) | (11.9) |
| Investments in securities | (1.1) | (0.6) |
| Proceeds from the sale of property and equipment | — | 0.4 |
| Net cash used by investing activities | (44.7) | (31.9) |
| Financing activities | ||
| Net increase (decrease) in book overdrafts | 3.1 | (5.0) |
| Net borrowings from lines of credit | 19.6 | 1.7 |
| Net decrease in obligations collateralized by finance receivables | (63.1) | (2.2) |
| Payments for debt issuance costs/amendments | — | (0.1) |
| Payments on long-term debt | (1.4) | — |
| Issuance of common stock under stock plans | 3.3 | 2.1 |
| Tax withholding payments for vested RSUs | (9.2) | (4.2) |
| Repurchase and retirement of common stock | (25.7) | (0.1) |
| Dividends paid on Series A Preferred Stock | (5.3) | (11.1) |
| Net cash used by financing activities | (78.7) | (18.9) |
| Effect of exchange rate changes on cash | (4.7) | 1.0 |
| Net increase in cash, cash equivalents and restricted cash | 31.5 | 72.8 |
| Cash, cash equivalents and restricted cash at beginning of period | 185.4 | 183.7 |
| Cash, cash equivalents and restricted cash at end of period | $216.9 | $256.5 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $33.4 | $26.1 |
| Cash paid for taxes, net of refunds - continuing operations | $23.1 | $18.1 |
| Cash paid for taxes, net of refunds - discontinued operations | $(0.5) | $(1.5) |
| Supplemental disclosure of non-cash financing activity | ||
| Accrual for repurchase of common stock | $0.7 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.