XML 113 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Sales and operating revenues:      
Net sales and operating revenues $ 3,939,896,000 $ 1,955,467,000 $ 858,870,000
Cost of sales, including $4,357, $4,772, and $3,004 , respectively, to related parties 3,433,482,000 1,758,758,000 790,779,000
Gross profit 506,414,000 196,709,000 68,091,000
Selling, general and administrative expenses, including $13,869, $8,217, and $6,030, respectively, to related parties 786,717,000 425,258,000 223,400,000
Interest expense, including $1,331, $370, and $1,382, respectively, to related parties 80,606,000 25,018,000 7,659,000
Other expense, net 3,730,000 1,178,000 1,348,000
Net loss before income taxes (364,639,000) (254,745,000) (164,316,000)
Income tax provision 0 0 0
Net loss (364,639,000) (254,745,000) (164,316,000)
Net Income (Loss) Attributable to Noncontrolling Interest (249,980,000) (199,269,000) (101,475,000)
Net loss attributable to Carvana Co. (114,659,000) (55,476,000) (62,841,000)
Dividends on Class A convertible preferred stock 0 (4,206,000) (413,000)
Accretion of beneficial conversion feature on Class A convertible preferred stock 0 (1,380,000) (1,237,000)
Net loss attributable to Class A common stockholders $ (114,659,000) $ (61,062,000) $ (64,491,000)
Class A      
Sales and operating revenues:      
Net loss per share of Class A common stock, basic and diluted (in dollars per share) [1] $ (2.45) $ (2.03) $ (1.31)
Weighted-average shares of Class A common stock, basic and diluted (in shares) [1],[2] 46,847 30,043 15,241
Used vehicle sales, net      
Sales and operating revenues:      
Net sales and operating revenues $ 3,420,601,000 $ 1,785,045,000 $ 796,915,000
Wholesale vehicle sales      
Sales and operating revenues:      
Net sales and operating revenues 267,586,000 73,584,000 28,514,000
Other sales and revenues      
Sales and operating revenues:      
Net sales and operating revenues $ 251,709,000 $ 96,838,000 $ 33,441,000
[1] Amounts for periods prior to the initial public offering have been retrospectively adjusted to give effect to 15.0 million shares of Class A common stock issued in the initial public offering and the Organizational Transactions described in Note 1.
[2] Weighted-average shares of Class A common stock outstanding have been adjusted for unvested restricted stock awards.