Business Combinations and Asset Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the allocation of the purchase price consideration to identifiable assets acquired and liabilities assumed as of December 31, 2022:

	Purchase Price Allocation
	(in millions)
Assets Acquired
Current assets	$	208
Property and equipment	1,281
Operating lease right-of-use assets	188
Intangible assets	79
Other assets	1
Total Assets Acquired	1,757
Liabilities Assumed
Current liabilities	233
Operating lease liabilities	167
Total Liabilities Assumed	400
Net Assets Acquired	1,357
Purchase price consideration	2,195
Goodwill	$	838

Identifiable intangible assets acquired consist of the following:

	Fair Value		Useful Life
Customer relationships	$	50	10 years
Developed technology	$	29	3 years

Business Acquisition, Pro Forma Information

The following unaudited pro forma combined results of operations information for the year ended December 31, 2022 and 2021 have been prepared as if the ADESA Acquisition occurred on January 1, 2021:

	Unaudited
	Year ended December 31,
	2022		2021
	(in millions)
Revenues	$	13,903	$	13,675
Net loss	$	(3,024)	$	(571)
Net loss attributable to non-controlling interests	(1,343)		(276)
Net loss attributable to Carvana Co.	$	(1,681)	$	(295)
Net loss per share of Class A common stock - basic and diluted	$	(15.89)	$	(3.00)
Weighted-average shares of Class A common stock - basic and diluted	105,808		98,459

The unaudited pro forma combined results of operations information reflect the following pro forma adjustments:

	Unaudited
	Year ended December 31,
	2022		2021
	(in millions)
Interest expense	$	123	$	345
Lease expense	$	5	$	(16)
Depreciation and amortization expense	$	13	$	(6)
Intercompany revenues and cost of sales	$	(7)	$	(20)