ACV Auctions Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 7, 2024
ACVA$10.500.0%Stored close · as of Oct 15, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $214,972 | $182,571 |
| Marketable securities | 57,675 | 228,761 |
| Trade receivables (net of allowance of $5,507 and $2,868) | 208,560 | 164,009 |
| Finance receivables (net of allowance of $3,192 and $3,428) | 120,936 | 119,034 |
| Other current assets | 11,941 | 12,524 |
| Total current assets | 614,084 | 706,899 |
| Property and equipment (net of accumulated depreciation of $4,045 and $4,462) | 7,491 | 4,918 |
| Real estate held for sale | 14,100 | — |
| Goodwill | 175,883 | 103,379 |
| Acquired intangible assets (net of amortization of $22,662 and $17,534) | 102,037 | 34,192 |
| Capitalized software (net of amortization of $26,856 and $17,059) | 62,985 | 55,771 |
| Other assets | 34,267 | 17,765 |
| Total assets | $1,010,847 | $922,924 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities: | ||
| Accounts payable | $367,873 | $305,845 |
| Accrued payroll | 9,934 | 12,245 |
| Accrued other liabilities | 34,336 | 15,851 |
| Total current liabilities | 412,143 | 333,941 |
| Long-term debt | 110,000 | 115,000 |
| Other long-term liabilities | 31,087 | 17,455 |
| Total liabilities | 553,230 | 466,396 |
| Commitments and Contingencies (Note 5) | ||
| Stockholders' Equity: | ||
| Preferred Stock; $0.001 par value; 20,000,000 shares authorized; 0 and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | — | — |
| Common Stock - Class A; $0.001 par value; 2,000,000,000 shares authorized; 151,659,441 and 138,637,352 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 152 | 139 |
| Common Stock - Class B; $0.001 par value; 160,000,000 shares authorized; 14,370,258 and 23,205,487 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 14 | 23 |
| Additional paid-in capital | 919,216 | 880,510 |
| Accumulated deficit | (460,149) | (422,615) |
| Accumulated other comprehensive loss | (1,616) | (1,529) |
| Total stockholders' equity | 457,617 | 456,528 |
| Total liabilities and stockholders' equity | $1,010,847 | $922,924 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.