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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,161,362 $ 217,734
Restricted cash 27,961 1,853
Accounts receivable, net of allowance of $789 and $1,809, respectively 33,799 30,848
Inventory 299,411 205,746
Prepaid expenses and other current assets 16,257 9,149
Total current assets 1,538,790 465,330
Property and equipment, net 10,051 7,828
Intangible assets, net 160 572
Goodwill 78,172 78,172
Operating lease right-of-use assets 14,337  
Other assets 13,433 11,485
Total assets 1,654,943 563,387
Current Liabilities:    
Accounts payable 29,630 18,987
Accrued expenses 47,641 38,491
Vehicle floorplan 248,967 173,461
Deferred revenue 17,299 17,323
Operating lease liabilities, current 4,621  
Other current liabilities 16,375 11,572
Total current liabilities 364,533 259,834
Operating lease liabilities, excluding current portion 10,674  
Other long-term liabilities 1,886 3,073
Total liabilities 377,093 262,907
Commitments and contingencies (Note 8)
Redeemable convertible preferred stock, $0.001 par value; 86,123,364 and 10,000,000 shares authorized as of December 31, 2019 and September 30, 2020, respectively; 83,568,628 and zero shares issued and outstanding as of December 31, 2019 and September 30, 2020, respectively   874,332
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value; 113,443,854 and 500,000,000 shares authorized as of December 31, 2019 and September 30, 2020, respectively; 8,650,922 and 130,230,591 shares issued and outstanding as of December 31, 2019 and September 30, 2020, respectively 130 8
Additional paid-in-capital 1,994,929  
Accumulated deficit (717,209) (573,860)
Total stockholders’ (deficit) equity 1,277,850 (573,852)
Total liabilities, redeemable convertible preferred stock and stockholders’ (deficit) equity $ 1,654,943 $ 563,387