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Condensed Consolidated Statements of Cash Flows (Unaudited) - Carvana, LLC - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net loss $ (38,439) $ (17,325)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,061 866
Loss on disposal of property and equipment 200 0
Provision for bad debt and valuation allowance 285 453
Gain on loan sales (2,942) (1,526)
Unit-based compensation expense 158 147
Amortization of debt issuance costs 181 0
Originations of finance receivables (96,528) (48,669)
Proceeds from sale of finance receivables 99,144 113,238
Proceeds from sale of finance receivables to related party 0 1,531
Purchase of finance receivables from related party 0 (74,589)
Changes in assets and liabilities:    
Accounts receivable (2,470) (1,129)
Vehicle inventory (14,044) (23,098)
Other current assets 292 (1,196)
Other assets (2,856) 0
Accounts payable and accrued liabilities (2,690) 7,827
Accounts payable to related party 2,508 (14,901)
Other liabilities 2,254 0
Net cash used in operating activities (52,886) (58,371)
Cash Flows from Investing Activities:    
Purchases of property and equipment (18,556) (6,821)
Change in restricted cash (1,222) (1,825)
Net cash used in investing activities (19,778) (8,646)
Cash Flows from Financing Activities:    
Proceeds from floor plan facility 147,390 95,488
Payments on floor plan facility (122,967) (58,998)
Proceeds from Verde credit facility 20,000 0
Payments on notes payable (260) (13)
Payments of debt issuance costs 0 (228)
Payments of debt issuance costs to related parties (1,000) 0
Payments of costs related to planned initial public offering (1,376) 0
Net cash provided by financing activities 41,787 36,249
Net decrease in cash and cash equivalents (30,877) (30,768)
Cash and cash equivalents at beginning of period 39,184 43,134
Cash and cash equivalents at end of period 8,307 12,366
Non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued liabilities 6,220 580
Capital expenditures financed through notes payable 1,622 891
Costs related to planned initial public offering included in accrued liabilities 1,424 0
Accrual of return on Class C redeemable preferred units $ 7,261 $ 2,025