CARGURUS, INC. CARG Balance Sheet

Cargurus, inc. (CARG)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Dec'16
Assets
Current assets
Cash and cash equivalents
74,451	59,920	29,514	27,842	29,939	34,887	77,642	31,762	62,003	87,709	25,636	29,476
Investments
81,281	111,692	134,808	119,327	108,500	122,800	70,000	110,000	80,000	50,000	60,000	44,774
Accounts receivable, net of allowance for doubtful accounts of $1,247 and $240, respectively
17,536	22,124	17,892	17,081	15,111	13,614	12,565	11,432	12,197	12,577	10,123	6,653
Prepaid expenses and prepaid income taxes
18,756	10,452	8,381	7,968	9,680	10,144	8,227	-	-	5,313	-	-
Deferred contract costs
10,078	9,544	8,170	7,382	6,591	5,253	-	-	-	-	-	-
Other current assets
7,887	4,972	7,167	8,991	8,835	7,410	7,201	-	-	1,605	-	-
Restricted cash
250	250	250	250	750	750	-	-	-	-	-	-
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	1,815
Prepaid expenses, prepaid income taxes and other current assets
-	-	-	-	-	-	-	11,090	7,303	-	3,485	2,789
Total current assets
210,239	218,954	206,182	188,841	179,406	194,858	175,635	164,284	161,503	157,204	99,244	85,507
Property and equipment, net
27,904	27,950	27,568	28,638	26,550	24,269	17,632	16,221	16,175	16,563	16,100	12,780
Intangible assets
11,006	3,920	3,982	4,320	4,407	-	-	-	-	-	-	-
Goodwill
27,298	15,207	14,828	15,446	15,852	-	-	-	-	-	-	-
Operating lease right-of-use assets
68,662	59,986	56,439	50,025	50,742	-	-	-	-	-	-	-
Restricted cash
10,770	10,553	1,914	1,920	1,918	1,921	3,656	3,604	1,870	1,843	1,783	2,044
Deferred tax assets
36,459	42,713	44,200	44,483	42,714	38,886	36,985	29,049	2,835	825	371	-
Deferred contract costs, net of current portion
10,384	10,514	9,944	9,257	8,446	7,252	-	-	-	-	-	-
Other non-current assets
3,716	3,826	4,326	3,231	1,892	1,104	136	143	155	159	4,158	-
Total assets
406,438	393,623	369,383	346,161	331,927	268,290	234,044	213,301	182,538	176,594	121,656	100,331
Liabilities and stockholders’ equity
Current liabilities
Accounts payable
29,839	36,731	42,752	39,370	35,253	34,345	34,046	30,476	23,266	23,908	22,737	16,426
Accrued expenses, accrued income taxes and other current liabilities
13,973	18,262	14,022	14,805	13,793	18,654	12,372	11,290	9,672	13,588	9,953	8,384
Deferred revenue
5,042	9,984	7,781	8,479	8,942	8,811	7,685	7,577	7,096	4,305	4,598	3,330
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	156	-
Operating lease liabilities
9,477	8,781	7,823	7,738	7,486	1,693	1,326	1,206	1,185	1,165	1,144	910
Total current liabilities
58,331	73,758	72,378	70,392	65,474	63,503	55,429	50,549	41,219	42,966	38,588	29,050
Operating lease liabilities
68,079	60,818	57,806	51,494	52,956	9,395	6,943	5,206	5,434	5,648	5,701	5,673
Deferred tax liabilities
329	284	289	281	1,002	-	-	-	-	-	-	292
Other non–current liabilities
1,731	1,908	1,808	1,608	1,486	1,281	1,244	1,155	1,090	955	969	590
Total liabilities
128,470	136,768	132,281	123,775	120,918	74,179	63,616	56,910	47,743	49,569	45,258	35,605
Convertible preferred stock
-	-	-	-	-	-	-	-	-	-	132,698	132,698
Stockholders’ equity:
Additional paid-in capital
214,143	205,234	199,228	193,967	188,954	184,216	181,630	179,716	189,237	185,190	4,225	3,714
Retained earnings
64,555	51,859	38,688	28,304	22,297	9,713	-11,448	-23,583	-54,848	-58,499	-60,766	-71,698
Accumulated other comprehensive loss
-843	-350	-926	3	-353	71	136	148	300	228	199	-30
Total stockholders’ equity
277,968	256,855	237,102	222,386	211,009	194,111	170,428	156,391	134,795	127,025	-56,300	-67,972
Total liabilities and stockholders’ equity
406,438	393,623	369,383	346,161	331,927	268,290	234,044	213,301	182,538	176,594	121,656	100,331
Class A Common Stock
Common stock
93	92	91	91	90	90	89	89	85	78	14	14
Class B Common Stock
Common stock
20	20	21	21	21	21	21	21	21	28	28	28