2021 Q2 Form 10-Q Financial Statement

#000169082021000242 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $3.336B $1.118B
YoY Change 198.39% 13.36%
Cost Of Revenue $2.784B $968.0M
YoY Change 187.6% 14.09%
Gross Profit $552.0M $150.0M
YoY Change 268.0% 8.86%
Gross Profit Margin 16.55% 13.42%
Selling, General & Admin $470.0M $239.0M
YoY Change 96.65% 31.43%
% of Gross Profit 85.14% 159.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.00M $17.63M
YoY Change 36.13% 98.31%
% of Gross Profit 4.35% 11.75%
Operating Expenses $470.0M $239.0M
YoY Change 96.65% 31.43%
Operating Profit $82.00M -$89.00M
YoY Change -192.13% 102.04%
Interest Expense $43.00M $20.00M
YoY Change 115.0% 3.55%
% of Operating Profit 52.44%
Other Income/Expense, Net $6.000M $3.000M
YoY Change 100.0% -532.28%
Pretax Income $45.00M -$106.6M
YoY Change -142.21% 66.3%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $22.00M -$41.00M
YoY Change -153.66% 101.74%
Net Earnings / Revenue 0.66% -3.67%
Basic Earnings Per Share
Diluted Earnings Per Share $125.0K -$615.4K
COMMON SHARES
Basic Shares Outstanding 81.40M shares 66.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $630.0M $604.4M
YoY Change 4.24% 177.37%
Cash & Equivalents $201.0M $246.0M
Short-Term Investments $429.0M $358.1M
Other Short-Term Assets $108.0M $55.57M
YoY Change 94.35% 27.49%
Inventory $1.974B $629.4M
Prepaid Expenses
Receivables $185.0M $45.54M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.245B $1.571B
YoY Change 106.49% 64.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.262B $871.1M
YoY Change 44.87% 122.08%
Goodwill $9.000M $9.353M
YoY Change -3.77% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $60.00M $18.55M
YoY Change 223.54% 19.14%
Total Long-Term Assets $1.336B $905.3M
YoY Change 47.57% 75.16%
TOTAL ASSETS
Total Short-Term Assets $3.245B $1.571B
Total Long-Term Assets $1.336B $905.3M
Total Assets $4.581B $2.477B
YoY Change 84.96% 67.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.0M $70.00M
YoY Change 120.01% 25.33%
Accrued Expenses $347.0M $180.4M
YoY Change 92.35% 73.63%
Deferred Revenue $23.00M $8.928M
YoY Change 157.62%
Short-Term Debt $680.0M $31.00M
YoY Change 2093.55% -21.91%
Long-Term Debt Due $71.00M $52.50M
YoY Change 35.24% 153.62%
Total Short-Term Liabilities $1.333B $373.3M
YoY Change 257.12% 49.4%
LONG-TERM LIABILITIES
Long-Term Debt $2.327B $965.7M
YoY Change 140.97% 29.95%
Other Long-Term Liabilities $1.000M $1.584M
YoY Change -36.87% -14.1%
Total Long-Term Liabilities $2.328B $967.3M
YoY Change 140.68% 29.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.333B $373.3M
Total Long-Term Liabilities $2.328B $967.3M
Total Liabilities $3.811B $1.504B
YoY Change 153.44% 39.16%
SHAREHOLDERS EQUITY
Retained Earnings -$368.0M -$283.8M
YoY Change 29.69% 118.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $403.0M $426.0M
YoY Change
Total Liabilities & Shareholders Equity $4.581B $2.477B
YoY Change 84.96% 67.99%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $22.00M -$41.00M
YoY Change -153.66% 101.74%
Depreciation, Depletion And Amortization $24.00M $17.63M
YoY Change 36.13% 98.31%
Cash From Operating Activities -$607.0M -$6.960M
YoY Change 8621.26% -91.33%
INVESTING ACTIVITIES
Capital Expenditures -$112.0M -$81.63M
YoY Change 37.2% 81.64%
Acquisitions
YoY Change
Other Investing Activities $13.00M $3.140M
YoY Change 314.01% 182.88%
Cash From Investing Activities -$99.00M -$78.48M
YoY Change 26.15% 79.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 601.0M 306.7M
YoY Change 95.96% 415.46%
NET CHANGE
Cash From Operating Activities -607.0M -6.960M
Cash From Investing Activities -99.00M -78.48M
Cash From Financing Activities 601.0M 306.7M
Net Change In Cash -105.0M 221.3M
YoY Change -147.46% -442.24%
FREE CASH FLOW
Cash From Operating Activities -$607.0M -$6.960M
Capital Expenditures -$112.0M -$81.63M
Free Cash Flow -$495.0M $74.67M
YoY Change -762.92% -311.05%

Facts In Submission

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cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
6000000 USD
cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
46000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
194000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
171000000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
20000000 USD
cvna Proceeds Received From Principal Payments On Beneficial Interest In Securitizations
ProceedsReceivedFromPrincipalPaymentsOnBeneficialInterestInSecuritizations
4000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4664000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2617000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
4024000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3154000000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
710000000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
87000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
29000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
12000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4000000 USD
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
0 USD
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
1059000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
17000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1294000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
590000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
248000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
310000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366000000 USD
cvna Common Ownership Number Of Classes
CommonOwnershipNumberOfClasses
2 class
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="padding-right:8pt;text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 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.</span></div>
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
228000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
171000000 USD
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1103000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
909000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1000000 USD
CY2021Q2 cvna Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5000000 USD
cvna Common Stock Conversion Ratio
CommonStockConversionRatio
1.25 number
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
154000000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
67000000 USD
CY2021Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
120000000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
71000000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
72000000 USD
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EmployeeRelatedLiabilitiesCurrent
34000000 USD
CY2021Q2 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
38000000 USD
CY2020Q4 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
25000000 USD
CY2021Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
33000000 USD
CY2020Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
21000000 USD
CY2021Q2 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
33000000 USD
CY2020Q4 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
33000000 USD
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
28000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
20000000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23000000 USD
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ContractWithCustomerLiabilityCurrent
17000000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
57000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
54000000 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
558000000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
342000000 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 shares
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 cvna Common Unit Multiplier Used For Conversion Ratio
CommonUnitMultiplierUsedForConversionRatio
1.25 number
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
24000000 USD
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
1000000 USD
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
24000000 USD
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
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CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
11000000 USD
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
21000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
15000000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
98000000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M24D
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
22000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-41000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-14000000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
23000000 USD
CY2020Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
45000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001 number
CY2021Q2 cvna Deferred Tax Liability Not Recognized Tax Receivable Agreement
DeferredTaxLiabilityNotRecognizedTaxReceivableAgreement
1100000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001 number
CY2020Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
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us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-14000000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-101000000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66327000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79751000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58363000 shares
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003 number
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002 number
cvna Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 renewal_option
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8000000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
15000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7000000 USD
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000 USD
CY2021Q2 cvna Finance Lease Cost
FinanceLeaseCost
9000000 USD
CY2020Q2 cvna Finance Lease Cost
FinanceLeaseCost
5000000 USD
cvna Finance Lease Cost
FinanceLeaseCost
18000000 USD
cvna Finance Lease Cost
FinanceLeaseCost
9000000 USD
CY2021Q2 cvna Fixed Lease Cost
FixedLeaseCost
11000000 USD
CY2020Q2 cvna Fixed Lease Cost
FixedLeaseCost
7000000 USD
cvna Fixed Lease Cost
FixedLeaseCost
21000000 USD
cvna Fixed Lease Cost
FixedLeaseCost
13000000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
13000000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
24000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
17000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
15000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8000000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22000000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
22000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
41000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
40000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
74000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
38000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
66000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
29000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
51000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
21000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
42000000 USD
CY2021Q2 cvna Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
8000000 USD
CY2021Q2 cvna Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
138000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
146000000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
158000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
262000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Payments Due Total
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueTotal
420000000 USD
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
88000000 USD
CY2021Q2 cvna Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
104000000 USD
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
142000000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
174000000 USD
CY2021Q2 cvna Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
316000000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y8M12D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082 number
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.083 number
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.053 number
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054 number
cvna Standard Product Warranty Period
StandardProductWarrantyPeriod
P100D
cvna Standard Product Warranty Number Of Miles
StandardProductWarrantyNumberOfMiles
4189 mi
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16000000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11000000 USD
us-gaap Interest Paid Net
InterestPaidNet
61000000 USD
us-gaap Interest Paid Net
InterestPaidNet
46000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
37000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
53000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
23000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
52000000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
3000000 USD
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
3000000 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
137000000 USD
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
40000000 USD
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
13000000 USD
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
15000000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
301000000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76000000 USD
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
109000000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
28000000 USD
CY2020Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
120000000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
42000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
310000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118000000 USD

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0001690820-21-000242-index-headers.html Edgar Link pending
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0001690820-21-000242.txt Edgar Link pending
0001690820-21-000242-xbrl.zip Edgar Link pending
cvna-20210630.htm Edgar Link pending
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cvna-20210630_cal.xml Edgar Link unprocessable
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