XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 85,321 $ 78,861
Restricted cash 21,734 9,848
Accounts receivable, net 38,179 33,120
Finance receivables held for sale, net 151,186 105,200
Vehicle inventory 525,694 412,243
Beneficial interests in securitizations 19,531 0
Other current assets 35,141 23,582
Total current assets 876,786 662,854
Property and equipment, net 353,486 296,839
Operating Lease, Right-of-Use Asset 77,754 0
Intangible assets, net 8,496 8,869
Goodwill 9,353 9,353
Other Assets, Noncurrent 12,526 13,098
Total assets 1,338,401 991,013
Current liabilities:    
Accounts payable and accrued liabilities 165,024 117,524
Accounts payable due to related party 5,739 3,891
Floor plan facility 434,777 196,963
Current portion of other long-term debt 15,331 11,133
Other current liabilities, including $4,519 and $0, respectively from leases with related parties 9,159 0
Total current liabilities 630,030 329,511
Senior unsecured notes [1] 343,251 342,869
Other long-term debt, excluding current portion 135,788 82,480
Operating lease liabilities, including $41,030 and $0, respectively from leases with related parties, excluding current portion 74,641 0
Other liabilities 1,844 8,725
Liabilities, Total 1,185,554 763,585
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of March 31, 2019 and December 31, 2018 0 0
Additional paid in capital 157,830 147,916
Accumulated deficit (103,202) (74,653)
Total stockholders' equity attributable to Carvana Co. 54,773 73,408
Non-controlling interests 98,074 154,020
Total stockholders' equity 152,847 227,428
Total liabilities & stockholders' equity 1,338,401 991,013
Class A Common Stock    
Stockholders' equity:    
Common stock 43 41
Class B Common Stock    
Stockholders' equity:    
Common stock $ 102 $ 104
[1] As of both March 31, 2019 and December 31, 2018, a related party held $15.0 million of the senior unsecured notes.