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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 297 $ 301
Restricted cash 107 28
Accounts receivable, net 178 79
Finance receivables held for sale, net 368 275
Vehicle inventory 2,285 1,036
Beneficial interests in securitizations 312 131
Other current assets, including $10 and $6, respectively, due from related parties 143 73
Total current assets 3,690 1,923
Property and equipment, net 1,333 909
Operating lease right-of-use assets, including $20 and $22, respectively, from leases with related parties 273 156
Intangible assets, net 5 6
Goodwill 9 9
Other assets, including $7 and $4, respectively, due from related parties 50 32
Total assets 5,360 3,035
Current liabilities:    
Accounts payable and accrued liabilities, including $23 and $16, respectively, due to related parties 700 342
Short-term revolving facilities 455 40
Current portion of long-term debt 74 65
Other current liabilities, including $4 and $3, respectively, from leases with related parties 32 20
Total current liabilities 1,261 467
Long-term debt, excluding current portion 3,134 1,617
Operating lease liabilities, excluding current portion, including $15 and $19, respectively, from leases with related parties 256 148
Other liabilities 1 1
Total liabilities 4,652 2,233
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of September 30, 2021 and December 31, 2020 0 0
Additional paid-in capital 785 742
Accumulated deficit (400) (354)
Total stockholders' equity attributable to Carvana Co. 385 388
Non-controlling interests 323 414
Total stockholders' equity 708 802
Total liabilities & stockholders' equity 5,360 3,035
Class A Common Stock    
Stockholders' equity:    
Common stock 0 0
Class B Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0