Cash flow Instacart (Maplebear)

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CART

US5653941030

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Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
45.99 ^USD	+1.19%		-0.71%	+11.03%

Jan. 24	IPO market comeback: How recent major US listings fared	RE
Jan. 22	Home Depot Partners With Uber Eats, DoorDash to Expand Delivery Options	MT

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Published financial data: INSTACART (MAPLEBEAR)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	214M	1.48B	1.83B	2.55B	3.04B
Total Revenues	214M	1.48B	1.83B	2.55B	3.04B
Cost of Goods Sold, Total	232M	598M	608M	720M	764M
Gross Profit	-18M	879M	1.23B	1.83B	2.28B
Selling General & Admin Expenses, Total	411M	760M	944M	1.25B	2.1B
R&D Expenses	127M	194M	368M	517M	2.3B
Other Operating Expenses	-	-	-	-	24M
Other Operating Expenses, Total	538M	954M	1.31B	1.76B	4.42B
Operating Income	-556M	-75M	-86M	66M	-2.15B
Interest And Investment Income	25M	5M	2M	17M	81M
Net Interest Expenses	25M	5M	2M	17M	81M
Currency Exchange Gains (Loss)	-	-	-	-8M	-
Other Non Operating Income (Expenses)	-	-	1M	-	-
EBT, Excl. Unusual Items	-531M	-70M	-83M	75M	-2.06B
Merger & Related Restructuring Charges	-	-	-	-4M	4M
Legal Settlements	-	-	11M	-	-
EBT, Incl. Unusual Items	-531M	-70M	-72M	71M	-2.06B
Income Tax Expense	-	-	1M	-357M	-439M
Earnings From Continuing Operations	-531M	-70M	-73M	428M	-1.62B
Net Income to Company	-531M	-70M	-73M	428M	-1.62B
Net Income - (IS)	-531M	-70M	-73M	428M	-1.62B
Preferred Dividend and Other Adjustments	-	-	-	351M	2M
Net Income to Common Incl Extra Items	-531M	-70M	-73M	77M	-1.62B
Net Income to Common Excl. Extra Items	-531M	-70M	-73M	77M	-1.62B
Per Share Items
Net EPS - Basic	-9.71	-1.21	-1.11	1.07	-12.43
Basic EPS - Continuing Operations	-9.71	-1.21	-1.11	1.07	-12.43
Basic Weighted Average Shares Outstanding	54.71M	57.93M	65.87M	71.85M	131M
Net EPS - Diluted	-9.71	-1.21	-1.11	0.96	-12.43
Diluted EPS - Continuing Operations	-9.71	-1.21	-1.11	0.96	-12.43
Diluted Weighted Average Shares Outstanding	54.71M	57.93M	65.87M	101M	131M
Normalized Basic EPS	-6.07	-0.76	-0.79	0.65	-9.88
Normalized Diluted EPS	-6.07	-0.76	-0.79	0.46	-9.88
Supplemental Items
EBITDA	-551M	-68M	-73M	96M	-2.11B
EBITA	-554M	-73M	-79M	87M	-2.12B
EBIT	-556M	-75M	-86M	66M	-2.15B
EBITDAR	-	-53M	-59M	111M	-2.09B
Effective Tax Rate - (Ratio)	-	-	-1.39	-502.82	21.3
Current Domestic Taxes	1M	1M	1M	15M	17M
Current Foreign Taxes	-	1M	2M	1M	3M
Total Current Taxes	1M	2M	3M	16M	20M
Deferred Domestic Taxes	-	-	-2M	-373M	-459M
Deferred Foreign Taxes	-1M	-2M	-	-	-
Total Deferred Taxes	-1M	-2M	-2M	-373M	-459M
Normalized Net Income	-332M	-43.75M	-51.88M	46.88M	-1.29B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	426M	388M
Selling and Marketing Expenses	90M	158M	394M	662M	963M
General and Administrative Expenses	132M	278M	288M	334M	797M
Research And Development Expense From Footnotes	127M	194M	368M	518M	2.31B
Net Rental Expense, Total	-	15M	14M	15M	19M
Stock-Based Comp., COGS (Total)	-	-	-	-	18M
Stock-Based Comp., R&D Exp. (Total)	20M	20M	9M	18M	1.8B
Stock-Based Comp., S&M Exp. (Total)	5M	5M	3M	4M	316M
Stock-Based Comp., G&A Exp. (Total)	14M	36M	9M	11M	532M
Stock-Based Comp., SG&A Exp. (Total)	4M	3M	1M	-	90M
Total Stock-Based Compensation	43M	64M	22M	33M	2.76B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	-	1.22B	1.15B	1.5B	2.14B
Short Term Investments	-	208M	348M	209M	49M
Total Cash And Short Term Investments	-	1.42B	1.49B	1.71B	2.19B
Accounts Receivable, Total	-	520M	832M	842M	853M
Total Receivables	-	520M	832M	842M	853M
Prepaid Expenses	-	26M	68M	109M	129M
Restricted Cash	-	1M	1M	75M	137M
Total Current Assets	-	1.97B	2.4B	2.74B	3.3B
Gross Property Plant And Equipment	-	90M	98M	116M	216M
Accumulated Depreciation	-	-17M	-25M	-37M	-50M
Net Property Plant And Equipment	-	73M	73M	79M	166M
Long-term Investments	-	14M	128M	28M	-
Goodwill	-	11M	263M	317M	318M
Other Intangibles, Total	-	7M	68M	103M	77M
Deferred Tax Assets Long-Term	-	-	-	371M	830M
Other Long-Term Assets, Total	-	19M	34M	31M	31M
Total Assets	-	2.1B	2.96B	3.67B	4.73B
Liabilities
Accounts Payable, Total	-	23M	60M	88M	72M
Accrued Expenses, Total	-	158M	224M	265M	291M
Current Portion of Leases	-	11M	11M	13M	13M
Current Income Taxes Payable	-	-	-	17M	-
Unearned Revenue Current, Total	-	101M	148M	179M	197M
Other Current Liabilities	-	114M	149M	233M	160M
Total Current Liabilities	-	407M	592M	795M	733M
Long-Term Leases	-	51M	43M	36M	27M
Other Non Current Liabilities	-	62M	77M	80M	40M
Total Liabilities	-	520M	712M	911M	800M
Preferred Stock Convertible	-	2.56B	2.82B	2.82B	177M
Total Preferred Equity	-	2.56B	2.82B	2.82B	177M
Additional Paid In Capital	-	351M	833M	918M	6.38B
Retained Earnings	-	-1.33B	-1.4B	-977M	-2.64B
Comprehensive Income and Other	-	-	-1M	-5M	3M
Total Common Equity	-	-981M	-573M	-64M	3.75B
Total Equity	-	1.58B	2.25B	2.76B	3.93B
Total Liabilities And Equity	-	2.1B	2.96B	3.67B	4.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.71M	57.93M	68.84M	71.4M	266M
ECS Total Common Shares Outstanding	54.71M	57.93M	68.84M	71.4M	279M
Book Value / Share	-	-16.93	-8.32	-0.9	13.44
Tangible Book Value	-	-999M	-904M	-484M	3.36B
Tangible Book Value Per Share	-	-17.25	-13.13	-6.78	12.02
Total Debt	-	62M	54M	49M	40M
Net Debt	-	-1.38B	-1.57B	-1.69B	-2.15B
Debt Equivalent Oper. Leases	-	120M	112M	120M	152M
Account Code - Inventory Valuation	-	-	3	3	3
Machinery, Total	-	10M	18M	28M	28M
Full Time Employees	-	-	3.48K	-	3.38K
Accumulated Allowance for Doubtful Accounts (Supple)	-	2M	2M	2M	4M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-531M	-70M	-73M	428M	-1.62B
Depreciation & Amortization - CF	3M	15M	17M	22M	25M
Amortization of Goodwill and Intangible Assets - (CF)	2M	2M	7M	21M	27M
Depreciation & Amortization, Total	5M	17M	24M	43M	52M
Amortization of Deferred Charges, Total - (CF)	2M	3M	3M	4M	5M
Stock-Based Compensation (CF)	43M	64M	22M	33M	2.76B
Provision and Write-off of Bad Debts	4M	9M	7M	10M	23M
Other Operating Activities, Total	23M	27M	5M	-365M	-463M
Change In Accounts Receivable	-62M	-405M	-318M	-21M	-33M
Change In Accounts Payable	-2M	8M	36M	25M	-16M
Change in Unearned Revenues	-20M	57M	47M	24M	18M
Change in Other Net Operating Assets	47M	199M	43M	96M	-134M
Cash from Operations	-491M	-91M	-204M	277M	586M
Capital Expenditure	-16M	-7M	-13M	-24M	-54M
Cash Acquisitions	-	-	-54M	-93M	-
Sale (Purchase) of Intangible assets	-	-	-9M	-2M	-2M
Investment in Marketable and Equity Securities, Total	326M	308M	-254M	236M	191M
Cash from Investing	310M	301M	-330M	117M	135M
Issuance of Common Stock	1M	46M	199M	35M	407M
Repurchase of Common Stock	-	-	-	-	-606M
Issuance of Preferred Stock	-	625M	265M	-	175M
Other Financing Activities, Total	-2M	-	-	11M	-6M
Cash from Financing	-1M	671M	464M	46M	-30M
Foreign Exchange Rate Adjustments	-	1M	-1M	-6M	3M
Net Change in Cash	-182M	882M	-71M	434M	694M
Supplemental Items
Cash Income Tax Paid (Refund)	1M	1M	4M	3M	54M
Levered Free Cash Flow	-	-	-196M	171M	1.26B
Unlevered Free Cash Flow	-	-	-196M	171M	1.26B
Change In Net Working Capital	-	-	169M	-76M	155M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	-	-2.13	1.24	-31.95
Return on Total Capital	-	-	-2.73	1.61	-39.6
Return On Equity %	-	-	-3.82	17.1	-48.53
Return on Common Equity	-	-	9.4	-24.18	-88.12
Margin Analysis
Gross Profit Margin %	-8.41	59.51	66.85	71.78	74.88
SG&A Margin	192.06	51.46	51.47	48.92	69.1
EBITDA Margin %	-257.48	-4.6	-3.98	3.76	-69.3
EBITA Margin %	-258.88	-4.94	-4.31	3.41	-69.66
EBIT Margin %	-259.81	-5.08	-4.69	2.59	-70.55
Income From Continuing Operations Margin %	-248.13	-4.74	-3.98	16.78	-53.32
Net Income Margin %	-248.13	-4.74	-3.98	16.78	-53.32
Net Avail. For Common Margin %	-248.13	-4.74	-3.98	3.02	-53.39
Normalized Net Income Margin	-155.08	-2.96	-2.83	1.84	-42.43
Levered Free Cash Flow Margin	-	-	-10.67	6.71	41.44
Unlevered Free Cash Flow Margin	-	-	-10.67	6.71	41.44
Asset Turnover
Asset Turnover	-	-	0.73	0.77	0.72
Fixed Assets Turnover	-	-	25.12	33.57	24.83
Receivables Turnover (Average Receivables)	-	-	2.71	3.05	3.59
Short Term Liquidity
Current Ratio	-	4.85	4.05	3.45	4.51
Quick Ratio	-	4.78	3.93	3.22	4.15
Operating Cash Flow to Current Liabilities	-	-0.22	-0.34	0.35	0.8
Days Sales Outstanding (Average Receivables)	-	-	134.54	119.76	101.69
Average Days Payable Outstanding	-	-	24.91	37.51	38.22
Long Term Solvency
Total Debt/Equity	-	3.93	2.4	1.78	1.02
Total Debt / Total Capital	-	3.79	2.34	1.75	1.01
LT Debt/Equity	-	3.24	1.91	1.31	0.69
Long-Term Debt / Total Capital	-	3.11	1.87	1.28	0.68
Total Liabilities / Total Assets	-	24.81	24.05	24.83	16.92
Total Debt / EBITDA	-	-1.17	-0.92	0.44	-0.02
Net Debt / EBITDA	-	25.98	26.58	-15.25	1.03
Total Debt / (EBITDA - Capex)	-	-1.03	-0.75	0.56	-0.02
Net Debt / (EBITDA - Capex)	-	22.95	21.78	-19.46	1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	590.19	24.17	39.09	19.25
Gross Profit, 1 Yr. Growth %	-	-4.98K	39.48	49.35	24.41
EBITDA, 1 Yr. Growth %	-	-87.66	7.35	-252.38	-2.3K
EBITA, 1 Yr. Growth %	-	-86.82	8.22	-226.09	-2.54K
EBIT, 1 Yr. Growth %	-	-86.51	14.67	-186.84	-3.35K
Earnings From Cont. Operations, 1 Yr. Growth %	-	-86.82	4.29	-686.3	-478.97
Net Income, 1 Yr. Growth %	-	-86.82	4.29	-686.3	-478.97
Normalized Net Income, 1 Yr. Growth %	-	-86.82	18.57	-202.74	-2.85K
Diluted EPS Before Extra, 1 Yr. Growth %	-	-87.55	-8.29	-185.34	-1.4K
Accounts Receivable, 1 Yr. Growth %	-	-	60	1.2	1.31
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	0	8.22	110.13
Total Assets, 1 Yr. Growth %	-	-	41.27	23.91	28.84
Tangible Book Value, 1 Yr. Growth %	-	-	-9.51	-46.46	-793.18
Common Equity, 1 Yr. Growth %	-	-	-41.59	-88.83	-5.96K
Cash From Operations, 1 Yr. Growth %	-	-81.47	124.18	-235.78	111.55
Capital Expenditures, 1 Yr. Growth %	-	-56.25	85.71	84.62	125
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	-190.37	636.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	-190.37	636.2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	192.75	31.42	28.79
Gross Profit, 2 Yr. CAGR %	-	-	725.29	44.33	36.31
EBITDA, 2 Yr. CAGR %	-	-	-63.6	19.7	492.73
EBITA, 2 Yr. CAGR %	-	-	-62.24	9.92	466.62
EBIT, 2 Yr. CAGR %	-	-	-60.67	-5.56	442.19
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-62.92	147.27	371.37
Net Income, 2 Yr. CAGR %	-	-	-62.92	147.27	371.37
Normalized Net Income, 2 Yr. CAGR %	-	-	-60.46	4.26	443.14
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-66.21	-11.12	233.19
Accounts Receivable, 2 Yr. CAGR %	-	-	-	27.25	1.25
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	4.03	50.8
Total Assets, 2 Yr. CAGR %	-	-	-	32.31	26.35
Tangible Book Value, 2 Yr. CAGR %	-	-	-	-30.4	92.65
Common Equity, 2 Yr. CAGR %	-	-	-	-74.46	155.82
Cash From Operations, 2 Yr. CAGR %	-	-	-35.54	74.47	69.49
Capital Expenditures, 2 Yr. CAGR %	-	-	-9.86	85.16	103.81
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	159.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	159.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	128.44	27.23
Gross Profit, 3 Yr. CAGR %	-	-	-	366.81	37.36
EBITDA, 3 Yr. CAGR %	-	-	-	-44.15	215.69
EBITA, 3 Yr. CAGR %	-	-	-	-46.05	208.74
EBIT, 3 Yr. CAGR %	-	-	-	-50.85	207.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-6.94	185.09
Net Income, 3 Yr. CAGR %	-	-	-	-6.94	185.09
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-47.92	210.47
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-53.82	117.4
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	17.94
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	31.5
Total Assets, 3 Yr. CAGR %	-	-	-	-	31.14
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-	49.75
Common Equity, 3 Yr. CAGR %	-	-	-	-	56.36
Cash From Operations, 3 Yr. CAGR %	-	-	-	-17.37	86.05
Capital Expenditures, 3 Yr. CAGR %	-	-	-	14.47	97.59