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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 871 $ 530
Restricted cash 61 64
Accounts receivable, net 363 266
Finance receivables held for sale, net 553 807
Vehicle inventory 1,305 1,150
Beneficial interests in securitizations 463 366
Other current assets, including $4 and $3, respectively, due from related parties 149 138
Total current assets 3,765 3,321
Property and equipment, net 2,826 2,982
Operating lease right-of-use assets, including $13 and $10, respectively, from leases with related parties 452 455
Intangible assets, net 39 52
Other assets 286 261
Total assets 7,368 7,071
Current liabilities:    
Accounts payable and accrued liabilities, including $14 and $7, respectively, due to related parties 772 596
Short-term revolving facilities 76 668
Current portion of long-term debt 209 189
Other current liabilities, including $13 and $3, respectively, due to related parties 102 83
Total current liabilities 1,159 1,536
Long-term debt, excluding current portion 5,431 5,416
Operating lease liabilities, excluding current portion, including $10 and $7, respectively, from leases with related parties 429 433
Other liabilities, including $17 and $11, respectively, due to related parties 63 70
Total liabilities 7,082 7,455
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 2,106 1,869
Accumulated deficit (1,495) (1,626)
Total stockholders' equity attributable to Carvana Co. 611 243
Non-controlling interests (325) (627)
Total stockholders' equity (deficit) 286 (384)
Total liabilities & stockholders' equity (deficit) 7,368 7,071
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 0 0
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0 $ 0