v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 434 $ 403
Restricted cash 194 233
Accounts receivable, net 253 206
Finance receivables held for sale, net 1,334 356
Vehicle inventory 1,876 3,149
Beneficial interests in securitizations 321 382
Other current assets, including $6 and $12, respectively, due from related parties 182 163
Total current assets 4,594 4,892
Property and equipment, net 3,244 1,560
Operating lease right-of-use assets, including $14 and $17, respectively, from leases with related parties 536 369
Intangible assets, net 70 4
Goodwill, end of year 0 9
Other assets, including $1 and $7, respectively, due from related parties 254 181
Total assets 8,698 7,015
Current liabilities:    
Accounts payable and accrued liabilities, including $16 and $27, respectively, due to related parties 777 656
Short-term revolving facilities 1,534 2,053
Current portion of long-term debt 201 152
Other current liabilities, including $4 and $3, respectively, from leases with related parties 80 29
Total current liabilities 2,592 2,890
Long-term debt, excluding current portion 6,574 3,208
Operating lease liabilities, excluding current portion, including $9 and $13, respectively, from leases with related parties 507 361
Other liabilities 78 31
Total liabilities 9,751 6,490
Commitments and contingencies (Note 17)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of December 31, 2022 and 2021 0 0
Additional paid in capital 1,558 795
Accumulated deficit (2,076) (489)
Total stockholders' equity (deficit) attributable to Carvana Co. (518) 306
Non-controlling interests (535) 219
Total stockholders' equity (deficit) (1,053) 525
Total liabilities & stockholders' equity (deficit) 8,698 7,015
Class A    
Stockholders' equity (deficit):    
Common stock 0 0
Class B    
Stockholders' equity (deficit):    
Common stock $ 0 $ 0