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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 252 $ 530
Restricted cash 75 64
Accounts receivable, net 351 266
Finance receivables held for sale, net 866 807
Vehicle inventory 1,162 1,150
Beneficial interests in securitizations 388 366
Other current assets, including $4 and $3, respectively, due from related parties 138 138
Total current assets 3,232 3,321
Property and equipment, net 2,919 2,982
Operating lease right-of-use assets, including $9 and $10, respectively, from leases with related parties 447 455
Intangible assets, net 48 52
Other assets 337 261
Total assets 6,983 7,071 Close
Current liabilities:    
Accounts payable and accrued liabilities, including $12 and $7, respectively, due to related parties 705 596
Short-term revolving facilities 275 668
Current portion of long-term debt 194 189
Other current liabilities, including $14 and $3, respectively, due to related parties 100 83
Total current liabilities 1,274 1,536
Long-term debt, excluding current portion 5,544 5,416
Operating lease liabilities, excluding current portion, including $6 and $7, respectively, from leases with related parties 424 433
Other liabilities, including $0 and $11, respectively, due to related parties 52 70
Total liabilities 7,294 7,455 Close
Commitments and contingencies (Note 16)
Stockholders' deficit:    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 1,887 1,869
Accumulated deficit (1,598) (1,626)
Total stockholders' equity attributable to Carvana Co. 289 243
Non-controlling interests (600) (627)
Total stockholders' deficit (311) (384) Close
Total liabilities & stockholders' deficit 6,983 7,071
Class A Common Stock    
Stockholders' deficit:    
Common stock 0 0
Class B Common Stock    
Stockholders' deficit:    
Common stock $ 0 $ 0