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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net loss $ 150 $ (2,894) $ (287)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 352 261 105
Goodwill impairment 0 847 0
Equity-based compensation expense 73 69 39
Loss on disposal of property and equipment 8 14 1
Gain on debt extinguishment (878) 0 0
Payment-in-kind interest expense 184 0 0
Provision for bad debt and valuation allowance 38 23 28
Amortization and write-off of debt issuance costs 24 27 11
Unrealized (gain) loss on warrants to acquire Root Class A common stock (3) 80 24
Unrealized gain on beneficial interests in securitizations (14) (6) (7)
Changes in finance receivable related assets:      
Originations of finance receivables (6,041) (7,214) (7,306)
Proceeds from sale of finance receivables, net 6,594 6,297 7,391
Gain on loan sales (434) (411) (717)
Principal payments received on finance receivables held for sale 186 190 206
Other changes in assets and liabilities:      
Vehicle inventory 711 1,354 (2,086)
Accounts receivable (22) 145 (148)
Other assets 39 (83) (105)
Accounts payable and accrued liabilities (166) (46) 247
Operating lease right-of-use assets 81 21 (213)
Operating lease liabilities (71) 15 223
Other liabilities (8) (13) 0
Net cash provided by (used in) operating activities 803 (1,324) (2,594) Close
Cash Flows from Investing Activities:      
Purchases of property and equipment (87) (512) (557)
Proceeds from disposal of property and equipment 72 44 0
Payments for acquisitions, net of cash acquired (7) (2,196) 0
Purchases of investments 0 0 (126)
Principal payments received on and proceeds from sale of beneficial interests 53 81 56
Net cash provided by (used in) investing activities 31 (2,583) (627) Close
Cash Flows from Financing Activities:      
Proceeds from short-term revolving facilities 6,709 12,982 14,600
Payments on short-term revolving facilities (7,575) (13,501) (12,587)
Proceeds from issuance of long-term debt 132 3,435 1,650
Payments on long-term debt (503) (165) (73)
Payments of debt issuance costs (69) (75) (24)
Net proceeds from issuance of Class A common stock and LLC Units 453 1,227 0
Proceeds from equity-based compensation plans 0 4 2
Tax withholdings related to restricted stock units and awards (15) (8) (40)
Net cash (used in) provided by financing activities (868) 3,899 3,528 Close
Net (decrease) increase in cash, cash equivalents and restricted cash (34) (8) 307 Close
Cash, cash equivalents, and restricted cash at beginning of period 628 636 329
Cash, cash equivalents, and restricted cash at end of period $ 594 $ 628 $ 636