OPENLANE, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $137.9 | $118.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 66.7 | 68.4 |
| Provision for credit losses | 27.6 | 29.5 |
| Deferred income taxes | 5.1 | 4.0 |
| Amortization of debt issuance costs | 7.2 | 6.6 |
| Stock-based compensation | 24.6 | 9.9 |
| Loss on sale of property | — | 7.0 |
| Loss on extinguishment of debt | 0.7 | — |
| Other non-cash, net | 0.9 | 0.3 |
| Changes in operating assets and liabilities: | ||
| Trade receivables and other assets | (117.0) | (120.8) |
| Accounts payable and accrued expenses | 155.8 | 143.3 |
| Net cash provided by operating activities | 309.5 | 266.4 |
| Investing activities | ||
| Net increase in finance receivables held for investment | (367.6) | (196.1) |
| Purchases of property, equipment and computer software | (40.7) | (40.7) |
| Investments in securities | (1.6) | (1.1) |
| Proceeds from sale of investments | 2.0 | — |
| Proceeds from the sale of property and equipment | — | 42.4 |
| Net cash used by investing activities | (407.9) | (195.5) |
| Financing activities | ||
| Net increase in book overdrafts | 2.0 | 13.1 |
| Net repayments of lines of credit | — | (0.6) |
| Net increase in obligations collateralized by finance receivables | 322.9 | 145.8 |
| Payments for debt issuance costs/amendments | (12.4) | (0.4) |
| Payments on long-term debt | (4.1) | (210.0) |
| Issuance of common stock under stock plans | 10.7 | 7.8 |
| Tax withholding payments for vested RSUs | (9.4) | (6.5) |
| Repurchase and retirement of common stock, including excise taxes | (91.5) | (35.8) |
| Repurchase and retirement of Series A Preferred Stock, including excise taxes | (5.6) | — |
| Dividends paid on Series A Preferred Stock | (5.3) | (33.3) |
| Net cash provided by (used by) financing activities | 207.3 | (119.9) |
| Effect of exchange rate changes on cash | (14.7) | 11.7 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 94.2 | (37.3) |
| Cash, cash equivalents and restricted cash at beginning of period | 185.4 | 183.7 |
| Cash, cash equivalents and restricted cash at end of period | $279.6 | $146.4 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $102.3 | $85.6 |
| Cash paid for taxes, net of refunds - continuing operations | $48.0 | $29.6 |
| 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 | $0.4 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.