v3.22.4
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Millions
Total
Carvana Group
Follow On Public Offering
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Restricted Stock Units (RSUs)
Common Stock
Class A Common Stock
ESPP
Common Stock
Class A Common Stock
Follow On Public Offering
Common Stock
Class B Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Carvana Group
Additional Paid-in Capital
Follow On Public Offering
Accumulated Deficit
Non-controlling Interests
Non-controlling Interests
Follow On Public Offering
Stockholders' equity, beginning of period (in shares) at Dec. 31, 2019       50,507,000       101,219,000            
Stockholders' equity, beginning of the period at Dec. 31, 2019 $ 192     $ 0       $ 0 $ 281     $ (183) $ 94  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net loss (462)                     (171) (291)  
Issuance of Class A common stock (in shares)         234,000   18,333,000              
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses     $ 1,059               $ 1,059      
Exchanges of LLC Units (in shares)       7,281,000       5,627,000            
Adjustments to non-controlling interests related to equity offering / Exchanges of LLC Units                 33   (644)   (33) $ 644
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   $ 407               $ 407        
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis of Carvana Group   (407)               (407)        
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (in shares)       (38,000)                    
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (23)               (23)          
Options exercised (in shares)       195,000                    
Options exercised 5               5          
Equity-based compensation 31               31          
Stockholders' equity, end of the period (in shares) at Dec. 31, 2020       76,512,000       95,592,000            
Stockholders' equity, end of the period at Dec. 31, 2020 802     $ 0       $ 0 742     (354) 414  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net loss (287)                     (135) (152)  
Issuance of Class A common stock (in shares)         218,000                  
Exchanges of LLC Units (in shares)       13,145,000       12,692,000            
Adjustments to non-controlling interests related to equity offering / Exchanges of LLC Units                 43   (644)   (43)  
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   908               908        
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis of Carvana Group   (908)               (908)        
Issuance of Class A common stock under ESPP (in shares)           2,000                
Issuance of Class A common stock under ESPP   1               1        
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (in shares)       (22,000)                    
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (39)               (39)          
Options exercised (in shares)       75,000                    
Options exercised 1               1          
Equity-based compensation 47               47          
Stockholders' equity, end of the period (in shares) at Dec. 31, 2021       89,930,000       82,900,000            
Stockholders' equity, end of the period at Dec. 31, 2021 525     $ 0       $ 0 795     (489) 219  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net loss (2,894)                     (1,587) (1,307)  
Issuance of Class A common stock (in shares)         390,000   15,625,000              
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses     $ 1,227               1,227      
Exchanges of LLC Units (in shares)       46,000                    
Adjustments to non-controlling interests related to equity offering / Exchanges of LLC Units                 1   $ (554)   (1) $ 554
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   22               22        
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis of Carvana Group   (22)               (22)        
Issuance of Class A common stock under ESPP (in shares)           86,000                
Issuance of Class A common stock under ESPP   $ 1               $ 1        
Contributions of Class A common stock from related party (in shares)       (128,000)                    
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes (8)               (8)          
Options exercised (in shares)       88,000                    
Options exercised 3               3          
Equity-based compensation 93               93          
Stockholders' equity, end of the period (in shares) at Dec. 31, 2022       106,037,000       82,900,000            
Stockholders' equity, end of the period at Dec. 31, 2022 $ (1,053)     $ 0       $ 0 $ 1,558     $ (2,076) $ (535)