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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 237,925 $ 398,915
Restricted cash (including restricted cash of consolidated VIEs of $44.9 million and $24.7 million, respectively) 66,306 73,095
Accounts receivable, net of allowance of $9.9 million and $21.5 million, respectively 9,565 13,967
Finance receivables at fair value (including finance receivables of consolidated VIEs of $12.4 million and $11.5 million, respectively) 13,117 12,939
Finance receivables held for sale, net (including finance receivables of consolidated VIEs of $204.4 million and $305.9 million, respectively) 290,015 321,626
Inventory 208,871 320,648
Beneficial interests in securitizations 6,553 20,592
Prepaid expenses and other current assets (including other current assets of consolidated VIEs of $20.9 million and $11.7 million, respectively) 57,221 58,327
Total current assets 889,573 1,220,109
Finance receivables at fair value (including finance receivables of consolidated VIEs of $442.4 million and $119.6 million, respectively) 454,580 140,235
Property and equipment, net 50,689 50,201
Intangible assets, net 145,399 158,910
Operating lease right-of-use assets 26,837 23,568
Other assets 24,791 26,004
Total assets 1,591,869 1,619,027
Current Liabilities:    
Accounts payable 29,345 34,702
Accrued expenses 58,307 76,795
Vehicle floorplan 132,480 276,988
Warehouse credit facilities of consolidated VIEs 177,864 229,518
Current portion of long term debt (including current portion of securitization debt of consolidated VIEs at fair value of $219.4 million and $47.2 million, respectively) 231,471 47,239
Deferred revenue 16,717 10,655
Operating lease liabilities, current 9,267 9,730
Other current liabilities (including other current liabilities of consolidated VIEs of $2.8 million and $1.5 million, respectively) 11,912 17,693
Total current liabilities 667,363 703,320
Long term debt, net of current portion (including securitization debt of consolidated VIEs of $197.6 million and $32.6 million at fair value, respectively) 544,931 402,154
Operating lease liabilities, excluding current portion 23,929 20,129
Other long-term liabilities (including other long-term liabilities of consolidated VIEs of $9.2 million and $7.4 million, respectively) 17,410 18,183
Total liabilities 1,253,633 1,143,786
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 139,649,290 and 138,201,903 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 135 135
Additional paid-in-capital 2,080,155 2,075,798
Accumulated deficit (1,742,054) (1,600,692)
Total stockholders' equity 338,236 475,241
Total liabilities and stockholders' equity $ 1,591,869 $ 1,619,027