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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 48 slides",
  "authorId": "smiledirectclub",
  "authorName": "SmileDirectClub",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-02-01 00:00:00",
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      "text": "smile DIRECT CLUB",
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      "text": "We ended Q4 with $118.4 million in cash and cash equivalents.\nCash from operations for the fourth quarter was ($51.5) million.\nCash spent on investing for the fourth quarter was ($11.8) million\nFree Cash Flow was ($63.3) million in the quarter compared to ($79.7) million in Q4 2021\nIn Q4 2022, SmilePay financing, which drives our accounts receivable, as a percentage of total aligners purchased was 62.7%, which is about a 260 bps increase over Q3 2022.\nOverall, SmilePay delinquency rates continue to be in line with past performance. SmilePay delinquency as a % of sales has increased as a result of lower current period sales.",
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      "kind": "source-note",
      "text": "(1) Free Cash Flow is a non-GAAP financial measure. See appendix for definition of Free Cash Flow. Prior period reconciliations are available in historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.",
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      "text": "($ in millions) Q1 2022 Q2 2022 Q3 2022 Q4 2022\nCash $144.7 $158.3 $120.2 $118.4\nDebt $739.6 $792.2 $792.4 $849.4\nAccounts Receivable, Net $240.5 $221.6 $201.8 $187.0\nCash Flow from Operations ($64.8) ($17.8) ($24.1) ($51.5)\nCash Flow from Investing ($11.6) ($17.8) ($10.8) ($11.8)\nFree Cash Flow(1) ($76.4) ($35.6) ($34.9) ($63.3)",
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