RideNow Group, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
RDNW$5.57-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
($ in millions)
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(78.6) | $(215.5) |
| Loss from discontinued operations | — | (1.1) |
| Loss from continuing operations | $(78.6) | $(214.4) |
| Adjustments to reconcile loss from continuing operations to net cash used in operating activities: | ||
| Depreciation and amortization | 14.3 | 22.0 |
| Amortization of debt discount and issuance costs | 9.2 | 10.4 |
| Inventory write-down to net realizable value | — | 12.6 |
| Stock-based compensation expense | 4.6 | 12.0 |
| Loss on sale of property in sale-leaseback transaction | 0.5 | — |
| Impairment of goodwill and franchise rights | 39.3 | 60.1 |
| Deferred taxes | (0.4) | 58.5 |
| Interest paid-in-kind capitalized to debt principal | 1.5 | — |
| Gain on partial termination of warehouse lease | (0.9) | — |
| Valuation allowance and loss on sale of loans receivable portfolio | — | 7.6 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 19.8 | 3.9 |
| Inventory | 107.9 | (31.7) |
| Prepaid expenses and other current assets | 2.4 | 1.4 |
| Other assets | (0.2) | 0.3 |
| Other liabilities | 3.1 | (3.7) |
| Accounts payable and accrued liabilities | 6.2 | (4.4) |
| Floor plan trade note borrowings | (29.3) | 26.5 |
| Net cash provided by (used in) operating activities of continuing operations | 99.4 | (38.9) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cash used for acquisitions, net of cash received | (0.7) | (3.3) |
| Technology development | (0.4) | (2.1) |
| Proceeds from sale of property | 4.0 | — |
| Purchase of property and equipment | (2.0) | (13.7) |
| Net cash provided by (used in) investing activities of continuing operations | 0.9 | (19.1) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Increase (decrease) in net borrowings from non-trade floor plans | (53.0) | 42.5 |
| Proceeds from sale-leaseback transaction | — | 50.0 |
| Repayments of debt | (36.0) | (111.7) |
| Other | (1.4) | (1.0) |
| Net proceeds from sale of common stock in rights offerings | 9.8 | 98.4 |
| Net cash provided by (used in) financing activities of continuing operations | (80.6) | 78.2 |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | ||
| Net cash provided by operating activities | — | 3.4 |
| Net cash used in financing activities | — | (5.2) |
| Net cash used in discontinued operations | — | (1.8) |
| NET CHANGE IN CASH AND RESTRICTED CASH | 19.7 | 18.4 |
| CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD | 77.0 | 58.6 |
| CASH AND RESTRICTED CASH AT END OF PERIOD | $96.7 | $77.0 |
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