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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 542 $ 530
Restricted cash 65 64
Accounts receivable, net 349 266
Finance receivables held for sale, net 758 807
Vehicle inventory 1,221 1,150
Beneficial interests in securitizations 421 366
Other current assets, including $4 and $3, respectively, due from related parties 121 138
Total current assets 3,477 3,321
Property and equipment, net 2,867 2,982
Operating lease right-of-use assets, including $14 and $10, respectively, from leases with related parties 466 455
Intangible assets, net 43 52
Other assets 317 261
Total assets 7,170 7,071 CloseClose
Current liabilities:    
Accounts payable and accrued liabilities, including $6 and $7, respectively, due to related parties 742 596
Short-term revolving facilities 72 668
Current portion of long-term debt 203 189
Other current liabilities, including $13 and $3, respectively, due to related parties 101 83
Total current liabilities 1,118 1,536
Long-term debt, excluding current portion 5,428 5,416
Operating lease liabilities, excluding current portion, including $11 and $7, respectively, from leases with related parties 444 433
Other liabilities, including $15 and $11, respectively, due to related parties 65 70
Total liabilities 7,055 7,455 CloseClose
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 2,106 1,869
Accumulated deficit (1,580) (1,626)
Total stockholders' equity attributable to Carvana Co. 526 243 CloseClose
Non-controlling interests (411) (627)
Total stockholders' equity (deficit) 115 (384)
Total liabilities & stockholders' equity (deficit) 7,170 7,071
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 0 0
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0 $ 0