$CVNA
CARVANA CO.

2020 Q2 Form 10-Q Financial Statement

#000169082020000208 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.118B $986.2M
YoY Change 13.36% 107.5%
Cost Of Revenue $968.0M $848.4M
YoY Change 14.09% 99.04%
Gross Profit $150.0M $137.8M
YoY Change 8.86% 181.01%
Gross Profit Margin 13.42% 13.97%
Selling, General & Admin $239.0M $181.8M
YoY Change 31.43% 90.11%
% of Gross Profit 159.33% 131.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.63M $8.890M
YoY Change 98.31% 69.33%
% of Gross Profit 11.75% 6.45%
Operating Expenses $239.0M $181.8M
YoY Change 31.43% 90.11%
Operating Profit -$89.00M -$44.05M
YoY Change 102.04% -5.51%
Interest Expense $20.00M $19.32M
YoY Change 3.55% 363.75%
% of Operating Profit
Other Income/Expense, Net $3.000M -$694.0K
YoY Change -532.28% 48.29%
Pretax Income -$106.6M -$64.10M
YoY Change 66.3% 24.95%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$41.00M -$20.32M
YoY Change 101.74% 103.94%
Net Earnings / Revenue -3.67% -2.06%
Basic Earnings Per Share
Diluted Earnings Per Share -$615.4K -$441.3K
COMMON SHARES
Basic Shares Outstanding 66.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $604.4M $217.9M
YoY Change 177.37% -21.14%
Cash & Equivalents $246.0M $40.20M
Short-Term Investments $358.1M $177.7M
Other Short-Term Assets $55.57M $43.59M
YoY Change 27.49% 95.85%
Inventory $629.4M $606.5M
Prepaid Expenses
Receivables $45.54M $42.13M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.571B $957.5M
YoY Change 64.12% 48.8%
LONG-TERM ASSETS
Property, Plant & Equipment $871.1M $392.2M
YoY Change 122.08% 80.41%
Goodwill $9.353M $9.353M
YoY Change 0.0% 36.18%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.55M $15.57M
YoY Change 19.14% 256.04%
Total Long-Term Assets $905.3M $516.9M
YoY Change 75.16% 116.92%
TOTAL ASSETS
Total Short-Term Assets $1.571B $957.5M
Total Long-Term Assets $905.3M $516.9M
Total Assets $2.477B $1.474B
YoY Change 67.99% 67.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.00M $55.85M
YoY Change 25.33% 132.74%
Accrued Expenses $180.4M $103.9M
YoY Change 73.63% 79.45%
Deferred Revenue $8.928M
YoY Change
Short-Term Debt $31.00M $39.70M
YoY Change -21.91% -88.56%
Long-Term Debt Due $52.50M $20.70M
YoY Change 153.62% 208.96%
Total Short-Term Liabilities $373.3M $249.8M
YoY Change 49.4% -43.07%
LONG-TERM LIABILITIES
Long-Term Debt $965.7M $743.1M
YoY Change 29.95% 866.36%
Other Long-Term Liabilities $1.584M $1.844M
YoY Change -14.1% -73.49%
Total Long-Term Liabilities $967.3M $745.0M
YoY Change 29.84% 10608.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $373.3M $249.8M
Total Long-Term Liabilities $967.3M $745.0M
Total Liabilities $1.504B $1.081B
YoY Change 39.16% 106.75%
SHAREHOLDERS EQUITY
Retained Earnings -$283.8M -$129.8M
YoY Change 118.59% 334.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $426.0M $133.7M
YoY Change
Total Liabilities & Shareholders Equity $2.477B $1.474B
YoY Change 67.99% 67.21%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$41.00M -$20.32M
YoY Change 101.74% 103.94%
Depreciation, Depletion And Amortization $17.63M $8.890M
YoY Change 98.31% 69.33%
Cash From Operating Activities -$6.960M -$80.32M
YoY Change -91.33% 67.19%
INVESTING ACTIVITIES
Capital Expenditures -$81.63M -$44.94M
YoY Change 81.64% -1.06%
Acquisitions
YoY Change
Other Investing Activities $3.140M $1.110M
YoY Change 182.88% -116.64%
Cash From Investing Activities -$78.48M -$43.83M
YoY Change 79.06% -15.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 306.7M 59.50M
YoY Change 415.46% -66.53%
NET CHANGE
Cash From Operating Activities -6.960M -80.32M
Cash From Investing Activities -78.48M -43.83M
Cash From Financing Activities 306.7M 59.50M
Net Change In Cash 221.3M -64.65M
YoY Change -442.24% -183.29%
FREE CASH FLOW
Cash From Operating Activities -$6.960M -$80.32M
Capital Expenditures -$81.63M -$44.94M
Free Cash Flow $74.67M -$35.38M
YoY Change -311.05% 1250.38%

Facts In Submission

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CARVANA CO.
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-137224000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
191991000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
3371000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
24074000 USD
cvna Increase Decreasein Accounts Payableand Accrued Liabilities Excluding Related Party
IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty
39275000 USD
cvna Increase Decreasein Accounts Payableand Accrued Liabilities Excluding Related Party
IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty
57152000 USD
cvna Operating Lease Right Of Use Assets Payments
OperatingLeaseRightOfUseAssetsPayments
42917000 USD
cvna Operating Lease Right Of Use Assets Payments
OperatingLeaseRightOfUseAssetsPayments
15115000 USD
cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
45995000 USD
cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
13434000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-224000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-382000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-175422000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-294834000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
171057000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88137000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
3869000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5491000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1990000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
1108000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-167188000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87029000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2616660000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1901607000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3154500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2164248000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
87391000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
315674000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
11912000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
6868000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3472000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7034000 USD
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
1058940000 USD
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
297611000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2821000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
798000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
590437000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
335550000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
247827000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46313000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118459000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88709000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366286000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42396000 USD
cvna Common Ownership Number Of Classes
CommonOwnershipNumberOfClasses
2 class
CY2020Q2 cvna Debt Instrument Committed Capital
DebtInstrumentCommittedCapital
52600000 USD
CY2020Q2 cvna Number Of Inspection Reconditioning Centers In Process
NumberOfInspectionReconditioningCentersInProcess
4 facility
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of these unaudited condensed consolidated financial statements in conformity with 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. The COVID-19 pandemic has adversely impacted the global economy, as well as the Company’s operations, and the extent and duration of the impacts remain unclear. The Company’s future estimates, including, but not limited to, the Company’s allowance for loan losses, inventory valuations, fair value measurements, cancellation reserves, asset impairment charges, and discount rate assumptions, may be impacted and continue to evolve as conditions change as a result of the COVID-19 pandemic. 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.
CY2020Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
125064000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
88795000 USD
CY2020Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
704748000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
543471000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
694000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1389000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1389000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1279000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1235000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
351000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6337000 USD
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
69996000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
63576000 USD
CY2020Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
57654000 USD
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
45812000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28914000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21726000 USD
CY2020Q2 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
27625000 USD
CY2019Q4 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
23433000 USD
CY2020Q2 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
23125000 USD
CY2019Q4 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
19721000 USD
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
17121000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
15650000 USD
CY2020Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
13986000 USD
CY2019Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
11403000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8928000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6379000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
30732000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26743000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
278081000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
234443000 USD
cvna Transfer Of Financial Assets Accounted For As Sales Number Of Agreement Types
TransferOfFinancialAssetsAccountedForAsSalesNumberOfAgreementTypes
2 agreementType
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
CY2020Q2 cvna Common Unit Multiplier Used For Conversion Ratio
CommonUnitMultiplierUsedForConversionRatio
1.25
cvna Common Stock Conversion Ratio
CommonStockConversionRatio
1.25
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6500000 USD
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
1421000 USD
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
3470000 USD
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
-642465000 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
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7700000 USD
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8602000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
14755000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
16624000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6213000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7067000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12062000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13910000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
70900000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-106326000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-64059000 USD
us-gaap Profit Loss
ProfitLoss
-289883000 USD
us-gaap Profit Loss
ProfitLoss
-146655000 USD
CY2020Q2 cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-65496000 USD
CY2019Q2 cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-43736000 USD
cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-189166000 USD
cvna Net Income Loss Attributable To Noncontrolling Interest Prior To The Completion Of Organizational Transactions And Ipo
NetIncomeLossAttributableToNoncontrollingInterestPriorToTheCompletionOfOrganizationalTransactionsAndIPO
-103217000 USD
CY2020Q2 cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-40830000 USD
CY2019Q2 cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-20323000 USD
cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-100717000 USD
cvna Net Income Loss Available To Common Stockholders Including Prior To Completion Of Organizational Transactions And Ipo Adjustment Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingPriorToCompletionOfOrganizationalTransactionsAndIPOAdjustmentBasicAndDiluted
-43438000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2020Q2 cvna Deferred Tax Liability Not Recognized Tax Receivable Agreement
DeferredTaxLiabilityNotRecognizedTaxReceivableAgreement
187100000 USD
cvna Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 renewal_option
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3976000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1988000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7446000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3255000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
888000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
514000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1693000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
845000 USD
CY2020Q2 cvna Finance Lease Cost
FinanceLeaseCost
4864000 USD
CY2019Q2 cvna Finance Lease Cost
FinanceLeaseCost
2502000 USD
cvna Finance Lease Cost
FinanceLeaseCost
9139000 USD
cvna Finance Lease Cost
FinanceLeaseCost
4100000 USD
CY2020Q2 cvna Fixed Lease Cost
FixedLeaseCost
7367000 USD
CY2019Q2 cvna Fixed Lease Cost
FixedLeaseCost
2943000 USD
cvna Fixed Lease Cost
FixedLeaseCost
13005000 USD
cvna Fixed Lease Cost
FixedLeaseCost
5271000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9593000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5198000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
17527000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
9786000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
16269000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8067000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3270000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1693000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
845000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8229000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3275000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
9842000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
12305000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
22147000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
18085000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
26873000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
44958000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
17412000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
25432000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
42844000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
23416000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
39685000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9120000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20318000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
29438000 USD
CY2020Q2 cvna Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
2823000 USD
CY2020Q2 cvna Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
175740000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
178563000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
73551000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
284084000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Total
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueTotal
357635000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7454000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
109162000 USD
CY2020Q2 cvna Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
116616000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
66097000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
174922000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
16552000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
51674000 USD
cvna Standard Product Warranty Number Of Miles
StandardProductWarrantyNumberOfMiles
4189 mi
CY2020Q2 cvna Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
241019000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y8M12D
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M24D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.083
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
cvna Standard Product Warranty Period
StandardProductWarrantyPeriod
P100D
us-gaap Interest Paid Net
InterestPaidNet
46175000 USD
us-gaap Interest Paid Net
InterestPaidNet
31610000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31226000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9717000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
22883000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20767000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
2595000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
879000 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
39578000 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
46123000 USD
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
14538000 USD
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
0 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246299000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76016000 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
CY2020Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
119987000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
42443000 USD
CY2019Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
2196000 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
9848000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366286000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366286000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118459000 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

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