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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 544 $ 434
Restricted cash 72 194
Accounts receivable, net 318 253
Finance receivables held for sale, net 650 1,334
Vehicle inventory 1,085 1,876
Beneficial interests in securitizations 371 321
Other current assets, including $0 and $6, respectively, due from related parties 146 182
Total current assets 3,186 4,594
Property and equipment, net 3,051 3,244
Operating lease right-of-use assets, including $11 and $14, respectively, from leases with related parties 473 536
Intangible assets, net 56 70
Other assets, including $0 and $1, respectively, due from related parties 259 254
Total assets 7,025 8,698 Close
Current liabilities:    
Accounts payable and accrued liabilities, including $1 and $16, respectively, due to related parties 681 777
Short-term revolving facilities 429 1,534
Current portion of long-term debt 200 201
Other current liabilities, including $3 and $4, respectively, from leases with related parties 85 80
Total current liabilities 1,395 2,592
Long-term debt, excluding current portion 5,305 6,574
Operating lease liabilities, excluding current portion, including $7 and $9, respectively, from leases with related parties 450 507
Other liabilities, including $11 and $0, respectively, due to related parties 77 78
Total liabilities 7,227 9,751 Close
Commitments and contingencies (Note 17)
Stockholders' deficit:    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Additional paid-in capital 1,851 1,558
Accumulated deficit (1,512) (2,076)
Total stockholders' equity (deficit) attributable to Carvana Co. 339 (518)
Non-controlling interests (541) (535)
Total stockholders' deficit (202) (1,053) Close
Total liabilities & stockholders' deficit 7,025 8,698
Class A Common Stock    
Stockholders' deficit:    
Common stock 0 0
Class B Common Stock    
Stockholders' deficit:    
Common stock $ 0 $ 0