$CVNA
CARVANA CO.

2019 Q2 Form 10-Q Financial Statement

#000169082019000193 Filed on August 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $986.2M $475.3M
YoY Change 107.5% 127.01%
Cost Of Revenue $848.4M $426.3M
YoY Change 99.04% 120.48%
Gross Profit $137.8M $49.04M
YoY Change 181.01% 205.72%
Gross Profit Margin 13.97% 10.32%
Selling, General & Admin $181.8M $95.65M
YoY Change 90.11% 83.91%
% of Gross Profit 131.97% 195.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.890M $5.250M
YoY Change 69.33% 102.7%
% of Gross Profit 6.45% 10.71%
Operating Expenses $181.8M $95.65M
YoY Change 90.11% 83.91%
Operating Profit -$44.05M -$46.62M
YoY Change -5.51% 29.59%
Interest Expense $19.32M $4.165M
YoY Change 363.75% 66.13%
% of Operating Profit
Other Income/Expense, Net -$694.0K -$468.0K
YoY Change 48.29% 19.69%
Pretax Income -$64.10M -$51.30M
YoY Change 24.95% 31.88%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$20.32M -$9.965M
YoY Change 103.94% -31.47%
Net Earnings / Revenue -2.06% -2.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$441.3K -$359.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.9M $276.3M
YoY Change -21.14% 63.98%
Cash & Equivalents $40.20M $199.2M
Short-Term Investments $177.7M $77.10M
Other Short-Term Assets $43.59M $22.26M
YoY Change 95.85% 124.48%
Inventory $606.5M $303.0M
Prepaid Expenses
Receivables $42.13M $23.57M
Other Receivables $0.00 $0.00
Total Short-Term Assets $957.5M $643.5M
YoY Change 48.8% 70.75%
LONG-TERM ASSETS
Property, Plant & Equipment $392.2M $217.4M
YoY Change 80.41% 104.86%
Goodwill $9.353M $6.868M
YoY Change 36.18%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.57M $4.372M
YoY Change 256.04% 130.96%
Total Long-Term Assets $516.9M $238.3M
YoY Change 116.92% 120.58%
TOTAL ASSETS
Total Short-Term Assets $957.5M $643.5M
Total Long-Term Assets $516.9M $238.3M
Total Assets $1.474B $881.8M
YoY Change 67.21% 81.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.85M $24.00M
YoY Change 132.74% 239.36%
Accrued Expenses $103.9M $57.90M
YoY Change 79.45% 123.55%
Deferred Revenue
YoY Change
Short-Term Debt $39.70M $347.1M
YoY Change -88.56% 108.09%
Long-Term Debt Due $20.70M $6.700M
YoY Change 208.96% 252.63%
Total Short-Term Liabilities $249.8M $438.8M
YoY Change -43.07% 115.28%
LONG-TERM LIABILITIES
Long-Term Debt $743.1M $76.90M
YoY Change 866.36% 648.13%
Other Long-Term Liabilities $1.844M $6.957M
YoY Change -73.49% 30.35%
Total Long-Term Liabilities $745.0M $6.957M
YoY Change 10608.29% -55.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $249.8M $438.8M
Total Long-Term Liabilities $745.0M $6.957M
Total Liabilities $1.081B $522.7M
YoY Change 106.75% 138.16%
SHAREHOLDERS EQUITY
Retained Earnings -$129.8M -$29.91M
YoY Change 334.05% 884.11%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $133.7M $163.7M
YoY Change
Total Liabilities & Shareholders Equity $1.474B $881.8M
YoY Change 67.21% 81.85%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$20.32M -$9.965M
YoY Change 103.94% -31.47%
Depreciation, Depletion And Amortization $8.890M $5.250M
YoY Change 69.33% 102.7%
Cash From Operating Activities -$80.32M -$48.04M
YoY Change 67.19% 471.9%
INVESTING ACTIVITIES
Capital Expenditures -$44.94M -$45.42M
YoY Change -1.06% 89.09%
Acquisitions
YoY Change
Other Investing Activities $1.110M -$6.670M
YoY Change -116.64% 9428.57%
Cash From Investing Activities -$43.83M -$52.09M
YoY Change -15.86% 116.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.50M 177.8M
YoY Change -66.53% 6.18%
NET CHANGE
Cash From Operating Activities -80.32M -48.04M
Cash From Investing Activities -43.83M -52.09M
Cash From Financing Activities 59.50M 177.8M
Net Change In Cash -64.65M 77.62M
YoY Change -183.29% -42.47%
FREE CASH FLOW
Cash From Operating Activities -$80.32M -$48.04M
Capital Expenditures -$44.94M -$45.42M
Free Cash Flow -$35.38M -$2.620M
YoY Change 1250.38% -116.77%

Facts In Submission

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CARVANA CO.
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us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
161781000 USD
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
0 USD
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
30846000 USD
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
0 USD
cvna Unrealized Gain Loss On Beneficial Interest In Securitization
UnrealizedGainLossOnBeneficialInterestInSecuritization
177000 USD
cvna Unrealized Gain Loss On Beneficial Interest In Securitization
UnrealizedGainLossOnBeneficialInterestInSecuritization
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9747000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9500000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
191991000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7397000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74817000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
22050000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2024000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-270000 USD
cvna Operating Lease Right Of Use Assets Payments
OperatingLeaseRightOfUseAssetsPayments
15115000 USD
cvna Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingRelatedParty
55378000 USD
cvna Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingRelatedParty
33002000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1774000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1391000 USD
CY2019Q2 cvna Operating Lease Proceeds
OperatingLeaseProceeds
13434000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-382000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-136000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-294834000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-179485000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88137000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73425000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
1108000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6670000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87029000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80095000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1901607000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
837673000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2164248000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
739378000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
315674000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25670000 USD
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-6868000 USD
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-2852000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7034000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
325000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
297611000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
172287000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
798000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
169000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1990000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
323000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
335550000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
290005000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46313000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30425000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88709000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187123000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42396000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217548000 USD
cvna Common Ownership Number Of Classes
CommonOwnershipNumberOfClasses
2 class
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. Certain accounting estimates involve significant judgments, assumptions and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period, which management considers to be critical accounting estimates. The judgments, assumptions and estimates used by management are based on historical experience, management’s experience and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of the Company’s assets and liabilities and the results of operations.
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
80300000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
86800000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
62278000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44050000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
392240000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
296839000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
800000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1600000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1442000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1389000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1279000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1586000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8096000 USD
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
55849000 USD
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
33032000 USD
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
38764000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
27651000 USD
CY2019Q2 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
18249000 USD
CY2018Q4 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
11284000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14036000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13477000 USD
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
13193000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
9206000 USD
CY2019Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
9564000 USD
CY2018Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
4398000 USD
CY2019Q2 cvna Accrued Property Plantand Equipment Current
AccruedPropertyPlantandEquipmentCurrent
6265000 USD
CY2018Q4 cvna Accrued Property Plantand Equipment Current
AccruedPropertyPlantandEquipmentCurrent
7414000 USD
CY2019Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
4476000 USD
CY2018Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
2890000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17636000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12063000 USD
CY2019Q2 cvna Accounts Payable And Accrued Liabilities Excluding Related Parties Current
AccountsPayableAndAccruedLiabilitiesExcludingRelatedPartiesCurrent
178032000 USD
CY2018Q4 cvna Accounts Payable And Accrued Liabilities Excluding Related Parties Current
AccountsPayableAndAccruedLiabilitiesExcludingRelatedPartiesCurrent
121415000 USD
CY2019Q2 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
45200000 USD
CY2019Q2 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
90900000 USD
CY2019Q2 us-gaap Variable Interest Entity Consolidated Assets Pledged
VariableInterestEntityConsolidatedAssetsPledged
15200000 USD
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000.0 shares
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
cvna Common Stock Conversion Ratio
CommonStockConversionRatio
1.25
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
3470000 USD
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
12592000 USD
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
-197545000 USD
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
-118486000 USD
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8602000 USD
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2583000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
16624000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4093000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7067000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2583000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13910000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4093000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
57200000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M6D
CY2019Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-64059000 USD
CY2018Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-51250000 USD
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-146655000 USD
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-103922000 USD
CY2019Q2 cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-37449000 USD
CY2018Q2 cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-41285000 USD
cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-91496000 USD
cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-86914000 USD
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1375000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2720000 USD
CY2019Q2 cvna Equity Instrument Convertible Beneficial Conversion Feature Accretion
EquityInstrumentConvertibleBeneficialConversionFeatureAccretion
0 USD
CY2018Q2 cvna Equity Instrument Convertible Beneficial Conversion Feature Accretion
EquityInstrumentConvertibleBeneficialConversionFeatureAccretion
0 USD
cvna Equity Instrument Convertible Beneficial Conversion Feature Accretion
EquityInstrumentConvertibleBeneficialConversionFeatureAccretion
0 USD
cvna Equity Instrument Convertible Beneficial Conversion Feature Accretion
EquityInstrumentConvertibleBeneficialConversionFeatureAccretion
1380000 USD
CY2019Q2 cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-26610000 USD
CY2018Q2 cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-11340000 USD
cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-55159000 USD
cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-21108000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2019Q2 cvna Deferred Tax Liability Not Recognized Tax Receivable Agreement
DeferredTaxLiabilityNotRecognizedTaxReceivableAgreement
166400000 USD
cvna Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 renewal_option
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1700000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3300000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
37200000 USD
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8000000.0 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1988000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3255000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
514000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
845000 USD
CY2019Q2 cvna Finance Lease Cost
FinanceLeaseCost
2502000 USD
cvna Finance Lease Cost
FinanceLeaseCost
4100000 USD
CY2019Q2 cvna Fixed Lease Cost
FixedLeaseCost
2943000 USD
cvna Fixed Lease Cost
FixedLeaseCost
5271000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5198000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
9786000 USD
CY2019Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
514000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
845000 USD
CY2019Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2067000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3275000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
5037000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9637000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
14674000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9381000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19029000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
28410000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9040000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17508000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
26548000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
8666000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16004000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
24670000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
8064000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
14193000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
22257000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1785000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
78379000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
80164000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
41973000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
154750000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Total
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueTotal
196723000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
4809000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
57584000 USD
CY2019Q2 cvna Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
62393000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
37164000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
97166000 USD
CY2019Q2 cvna Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
134330000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
3779000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
3566000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
14767000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
3779000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
3575000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14918000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
3779000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
3583000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
14256000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
3779000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Four Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears
3609000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
13600000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
3275000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
3837000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
12470000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
62081000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
75172000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
18391000 USD
CY2018Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
80251000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
145183000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2237000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
16154000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M24D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
cvna Standard Product Warranty Period
StandardProductWarrantyPeriod
P100D
cvna Standard Product Warranty Number Of Miles
StandardProductWarrantyNumberOfMiles
4189 mi
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2000000.0 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1400000 USD
cvna Interest Paid Related Party
InterestPaidRelatedParty
703000 USD
cvna Interest Paid Related Party
InterestPaidRelatedParty
0 USD
us-gaap Interest Paid
InterestPaid
31610000 USD
us-gaap Interest Paid
InterestPaid
7481000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9717000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6970000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
16552000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20767000 USD
us-gaap Notes Issued1
NotesIssued1
0 USD
us-gaap Notes Issued1
NotesIssued1
7489000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
879000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
0 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
46123000 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
0 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40200000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78861000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199192000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
172680000 USD
CY2019Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
2196000 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
9848000 USD
CY2018Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
18356000 USD
CY2017Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
14443000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42396000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88709000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217548000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187123000 USD

Files In Submission

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0001690820-19-000193.txt Edgar Link pending
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cvna-20190630.htm Edgar Link pending
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cvna-20190630_cal.xml Edgar Link unprocessable
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