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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 135,585 $ 398,915
Restricted cash (including restricted cash of consolidated VIEs of $49.1 million and $24.7 million, respectively) 73,234 73,095
Accounts receivable, net of allowance of $11.2 million and $21.5 million, respectively 9,139 13,967
Finance receivables at fair value (including finance receivables of consolidated VIEs of $11.8 million and $11.5 million, respectively) 12,501 12,939
Finance receivables held for sale, net (including finance receivables of consolidated VIEs of $457.2 million and $305.9 million, respectively) 503,546 321,626
Inventory 163,250 320,648
Beneficial interests in securitizations 4,485 20,592
Prepaid expenses and other current assets (including other current assets of consolidated VIEs of $25.2 million and $11.7 million, respectively) 50,899 58,327
Total current assets 952,639 1,220,109
Finance receivables at fair value (including finance receivables of consolidated VIEs of $329.6 million and $119.6 million, respectively) 336,169 140,235
Property and equipment, net 24,132 50,201
Intangible assets, net 131,892 158,910
Operating lease right-of-use assets 7,063 23,568
Other assets (including other assets of consolidated VIEs of $1.8 million and $0 million, respectively) 23,527 26,004
Total assets 1,475,422 1,619,027
Current Liabilities:    
Accounts payable 26,762 34,702
Accrued expenses (including accrued expenses of consolidated VIEs of $4.0 million and $1.5 million, respectively) 52,452 76,795
Vehicle floorplan 151,178 276,988
Warehouse credit facilities of consolidated VIEs 421,268 229,518
Current portion of long term debt (including current portion of securitization debt of consolidated VIEs at fair value of $163.5 million and $47.2 million, respectively) 172,410 47,239
Deferred revenue 14,025 10,655
Operating lease liabilities, current 8,737 9,730
Other current liabilities 9,974 17,693
Total current liabilities 856,806 703,320
Long term debt, net of current portion (including securitization debt of consolidated VIEs of $150.6 million and $32.6 million at fair value, respectively) 454,173 402,154
Operating lease liabilities, excluding current portion 25,183 20,129
Other long-term liabilities (including other long-term liabilities of consolidated VIEs of $10.4 million and $7.4 million, respectively) 17,109 18,183
Total liabilities 1,353,271 1,143,786
Commitments and contingencies (Note 14)
Stockholders' equity:    
Common stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2023 and 2022; 1,791,286 and 1,727,525 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2 2
Additional paid-in-capital 2,088,381 2,075,931
Accumulated deficit (1,966,232) (1,600,692)
Total stockholders' equity 122,151 475,241
Total liabilities and stockholders' equity $ 1,475,422 $ 1,619,027