Carvana co. (CVNA)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Dec'16
ASSETS
Current assets:
Cash and cash equivalents

72,435

76,016

94,943

40,200

85,321

78,861

439,794

199,192

121,497

172,680

103,454

144,433

39,184

Restricted cash

72,600

42,443

13,531

2,196

21,734

9,848

18,471

18,356

18,428

14,443

11,755

10,339

10,266

Accounts receivable, net

26,591

39,864

59,043

42,128

38,179

33,120

23,498

23,573

20,969

14,105

11,639

13,759

5,692

Finance receivables held for sale, net

199,045

286,969

180,856

177,705

151,186

105,200

88,151

77,128

62,490

45,564

37,519

24,049

24,771

Vehicle inventory

844,681

762,696

629,798

606,534

525,694

412,243

339,005

302,989

299,780

227,446

192,242

174,369

185,506

Beneficial interests in securitizations

118,900

98,800

75,800

45,200

19,500

0

-

-

-

-

-

-

-

Other current assets

59,309

52,654

43,955

43,587

35,141

23,582

26,446

22,255

18,159

15,480

9,598

9,914

9,822

Total current assets

1,393,584

1,359,422

1,097,958

957,542

876,786

662,854

935,365

643,493

541,323

489,718

366,207

376,863

275,241

Property and equipment, net

645,485

543,471

457,157

392,240

353,486

296,839

251,942

217,414

176,259

148,681

125,996

106,127

60,592

Operating lease right-of-use assets, including $43,677 and $44,583, respectively, from leases with related parties

169,741

123,420

95,388

91,607

77,754

0

-

-

-

-

-

-

-

Intangible assets, net

6,685

7,232

7,680

8,096

8,496

8,869

9,243

9,616

-

0

-

-

-

Goodwill

9,353

9,353

9,353

9,353

9,353

9,353

9,353

6,868

-

0

-

-

-

Other assets, including $8,372 and $6,138, respectively, due from related parties

14,370

14,850

16,785

15,566

12,526

13,098

6,200

4,372

3,152

2,738

2,969

1,893

0

Total assets

2,239,218

2,057,748

1,684,321

1,474,404

1,338,401

991,013

1,212,103

881,763

720,734

641,137

495,172

484,883

335,833

LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities, including $10,173 and $9,549, respectively, due to related parties

246,783

234,443

191,598

178,032

165,024

121,415

96,861

81,880

62,483

50,306

43,813

32,955

28,164

Accounts payable due to related party

-

-

-

-

5,739

-

3,512

3,193

2,602

1,802

2,142

2,169

1,884

Short-term revolving facilities

812,214

568,840

262,191

39,697

434,777

196,963

349,392

347,087

348,533

248,792

195,083

166,840

165,313

Current portion of long-term debt

53,286

48,731

40,246

20,716

15,331

11,133

7,838

6,664

6,138

5,131

3,375

1,873

1,057

Other current liabilities, including $4,436 and $4,518, respectively, from leases with related parties

16,141

12,856

13,418

11,390

9,159

0

-

-

-

-

-

-

-

Total current liabilities

1,128,424

864,870

507,453

249,835

630,030

329,511

457,603

438,824

419,756

306,031

244,413

203,837

196,418

Senior unsecured notes

-

-

-

-

343,251

-

342,481

-

-

0

-

-

-

Other long-term debt, excluding current portion

936,121

883,060

776,580

743,132

135,788

425,349

96,179

76,873

66,788

48,469

16,363

10,279

4,404

Operating lease liabilities, including $40,732 and $41,829, respectively from leases with related parties, excluding current portion

159,751

116,071

87,266

85,776

74,641

0

-

-

-

-

-

-

-

Other liabilities

1,696

1,808

1,844

1,844

1,844

8,725

9,072

6,957

7,250

7,093

6,920

5,337

0

Total liabilities

2,225,992

1,865,809

1,373,143

1,080,587

1,185,554

763,585

905,335

522,654

493,794

361,593

267,696

219,453

200,822

Stockholders' equity:
Members' deficit

-

-

-

-

-

-

-

-

-

-

0

0

-115,961

Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

-

Additional paid-in capital

285,874

280,994

274,210

263,409

157,830

147,916

130,284

95,008

41,603

41,375

35,447

34,145

-

Accumulated deficit

-242,921

-183,034

-168,829

-129,812

-103,202

-68,375

-45,949

-29,907

-19,942

-12,899

-7,419

-3,039

-

Total stockholders' equity attributable to Carvana Co.

43,105

98,112

105,532

133,748

54,773

79,686

109,106

163,748

120,301

125,736

0

0

-115,961

Non-controlling interests

-29,879

93,827

205,646

260,069

98,074

147,742

197,662

195,361

106,639

153,808

199,315

234,191

-

Total stockholders' equity

13,226

191,939

311,178

393,817

152,847

227,428

306,768

359,109

226,940

279,544

0

0

-115,961

Total liabilities & stockholders' equity

2,239,218

2,057,748

1,684,321

1,474,404

1,338,401

991,013

1,212,103

881,763

720,734

641,137

495,172

484,883

335,833

Related Party
Operating lease right-of-use assets, including $43,677 and $44,583, respectively, from leases with related parties

43,677

44,583

41,224

42,019

-

-

-

-

-

-

-

-

-

Other assets, including $8,372 and $6,138, respectively, due from related parties

8,372

6,138

4,301

3,470

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities, including $10,173 and $9,549, respectively, due to related parties

10,173

9,549

6,759

5,665

-

-

-

-

-

-

-

-

-

Other current liabilities, including $4,436 and $4,518, respectively, from leases with related parties

4,436

4,518

4,358

4,416

-

-

-

-

-

-

-

-

-

Long-term debt, excluding current portion, including $15,000 held by a related party

15,000

15,000

15,000

15,000

-

-

-

-

-

-

-

-

-

Operating lease liabilities, including $40,732 and $41,829, respectively from leases with related parties, excluding current portion

40,732

41,829

38,893

39,916

-

-

-

-

-

-

-

-

-

Class C Redeemable Preferred Units
Temporary equity - Class C redeemable preferred units - 0 and 43,089 units authorized and outstanding as of June 30, 2017 and December 31, 2016, respectively

-

-

-

-

-

-

-

-

-

-

0

0

250,972

Convertible Preferred Stock
Preferred stock

-

-

-

-

-

-

24,600

98,500

98,500

97,100

-

-

-

Class A Common Stock
Common stock

51

51

50

50

43

41

38

34

20

18

16

16

-

Class B Common Stock
Common stock

101

101

101

101

102

104

106

106

113

115

117

117

-