10-Q Filing

CARVANA CO. CIK: 1690820 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001690820-23-000163`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	cvna-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 30 Cash Flow Statement 74 Stockholders Equity 18

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$247.00M	USD	Point-in-time
Other current assets, due from related parties	`OtherAssetsCurrent`	$182.00M	USD	Point-in-time
Other current assets, due from related parties	`OtherAssetsCurrent`	$177.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$194.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$295.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$206.00M	USD	Point-in-time
Operating lease right-of-use asset, from leases with related party	`OperatingLeaseRightOfUseAsset`	$519.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$342.00M	USD	Point-in-time
Operating lease right-of-use asset, from leases with related party	`OperatingLeaseRightOfUseAsset`	$536.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$253.00M	USD	Point-in-time
Other assets, due from related parties	`OtherAssetsNoncurrent`	$254.00M	USD	Point-in-time
Other assets, due from related parties	`OtherAssetsNoncurrent`	$251.00M	USD	Point-in-time
Finance receivables held for sale, net	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroup`	$1.33B	USD	Point-in-time
Finance receivables held for sale, net	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroup`	$1.61B	USD	Point-in-time
Vehicle inventory	`InventoryNet`	$1.49B	USD	Point-in-time
Vehicle inventory	`InventoryNet`	$1.88B	USD	Point-in-time
Accounts payable and accrued liabilities, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$864.00M	USD	Point-in-time
Accounts payable and accrued liabilities, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$777.00M	USD	Point-in-time
Other current liabilities, from leases with related parties	`OtherLiabilitiesCurrent`	$80.00M	USD	Point-in-time
Beneficial interests in securitizations	`AvailableForSaleSecuritiesDebtSecurities`	$321.00M	USD	Point-in-time
Other current liabilities, from leases with related parties	`OtherLiabilitiesCurrent`	$82.00M	USD	Point-in-time
Beneficial interests in securitizations	`AvailableForSaleSecuritiesDebtSecurities`	$312.00M	USD	Point-in-time
Operating lease liabilities, excluding current portion, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$507.00M	USD	Point-in-time
Other current assets, including $6 and $6, respectively, due from related parties	`OtherAssetsCurrent`	$182.00M	USD	Point-in-time
Other current assets, including $6 and $6, respectively, due from related parties	`OtherAssetsCurrent`	$177.00M	USD	Point-in-time
Operating lease liabilities, excluding current portion, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$493.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.62B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.59B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$3.24B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$3.19B	USD	Point-in-time
Operating lease right-of-use assets, including $13 and $14, respectively, from leases with related parties	`OperatingLeaseRightOfUseAsset`	$519.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets, including $13 and $14, respectively, from leases with related parties	`OperatingLeaseRightOfUseAsset`	$536.00M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$70.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$65.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets, including $1 and $1, respectively, due from related parties	`OtherAssetsNoncurrent`	$254.00M	USD	Point-in-time
Other assets, including $1 and $1, respectively, due from related parties	`OtherAssetsNoncurrent`	$251.00M	USD	Point-in-time
Total assets	`Assets`	$8.65B	USD	Point-in-time
Total assets	`Assets`	$8.70B	USD	Point-in-time
Accounts payable and accrued liabilities, including $13 and $16, respectively, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$864.00M	USD	Point-in-time
Accounts payable and accrued liabilities, including $13 and $16, respectively, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$777.00M	USD	Point-in-time
Short-term revolving facilities	`LinesOfCreditCurrent`	$1.53B	USD	Point-in-time
Short-term revolving facilities	`LinesOfCreditCurrent`	$1.70B	USD	Point-in-time
Current portion of long-term debt	`NotesPayableCurrent`	$201.00M	USD	Point-in-time
Current portion of long-term debt	`NotesPayableCurrent`	$201.00M	USD	Point-in-time
Other current liabilities, including $4 and $4, respectively, from leases with related parties	`OtherLiabilitiesCurrent`	$80.00M	USD	Point-in-time
Other current liabilities, including $4 and $4, respectively, from leases with related parties	`OtherLiabilitiesCurrent`	$82.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.59B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.85B	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$6.57B	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$6.55B	USD	Point-in-time
Operating lease liabilities, excluding current portion, including $9 and $9, respectively, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$507.00M	USD	Point-in-time
Operating lease liabilities, excluding current portion, including $9 and $9, respectively, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$493.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$72.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$78.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.97B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.75B	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.56B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.08B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.24B	USD	Point-in-time
Total stockholders' deficit attributable to Carvana Co.	`StockholdersEquity`	$-518.00M	USD	Point-in-time
Total stockholders' deficit attributable to Carvana Co.	`StockholdersEquity`	$-660.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-535.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-662.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.00M	USD	Point-in-time
Total liabilities & stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.65B	USD	Point-in-time
Total liabilities & stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.70B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.61B	USD	1 Quarter
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.50B	USD	1 Quarter
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.61B	USD	1 Quarter
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.50B	USD	1 Quarter
Cost of sales, to related parties (less than for three months ended 3/31/2023)	`CostOfGoodsAndServicesSold`	$2.27B	USD	1 Quarter
Cost of sales, to related parties (less than for three months ended 3/31/2023)	`CostOfGoodsAndServicesSold`	$3.20B	USD	1 Quarter
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$727.00M	USD	1 Quarter
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$472.00M	USD	1 Quarter
Cost of sales, including $1 and $9, respectively, to related parties	`CostOfGoodsAndServicesSold`	$2.27B	USD	1 Quarter
Cost of sales, including $1 and $9, respectively, to related parties	`CostOfGoodsAndServicesSold`	$3.20B	USD	1 Quarter
Gross profit	`GrossProfit`	$298.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$341.00M	USD	1 Quarter
Selling, general and administrative expenses, including $8 and $6, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$727.00M	USD	1 Quarter
Selling, general and administrative expenses, including $8 and $6, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$472.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$64.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$159.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-13.00M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-288.00M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-506.00M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-286.00M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-126.00M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-246.00M	USD	1 Quarter
Net loss attributable to Carvana Co. Class A common stockholders, basic and diluted	`NetIncomeLoss`	$-260.00M	USD	1 Quarter
Net loss attributable to Carvana Co. Class A common stockholders, basic and diluted	`NetIncomeLoss`	$-160.00M	USD	1 Quarter
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.01M	shares	1 Quarter
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.09M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-286.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationExcludingDebtIssuanceCosts`	$93.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationExcludingDebtIssuanceCosts`	$37.00M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$28.00M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$15.00M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-1.00M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-1.00M	USD	1 Quarter
Provision for bad debt and valuation allowance	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Provision for bad debt and valuation allowance	`ProvisionForDoubtfulAccounts`	$10.00M	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationAndWriteOffOfDebtIssuanceCosts`	$6.00M	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationAndWriteOffOfDebtIssuanceCosts`	$8.00M	USD	1 Quarter
Unrealized loss on warrants to acquire Root's Class A common stock	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Unrealized loss on warrants to acquire Root's Class A common stock	`FairValueAdjustmentOfWarrants`	$5.00M	USD	1 Quarter
Unrealized (gain) loss on beneficial interests in securitization	`UnrealizedGainLossOnBeneficialInterestInSecuritization`	$-10.00M	USD	1 Quarter
Unrealized (gain) loss on beneficial interests in securitization	`UnrealizedGainLossOnBeneficialInterestInSecuritization`	$1.00M	USD	1 Quarter
Originations of finance receivables	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$1.99B	USD	1 Quarter
Originations of finance receivables	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$1.43B	USD	1 Quarter
Proceeds from sale of finance receivables, net	`ProceedsFromSaleOfLoansHeldForSale`	$1.12B	USD	1 Quarter
Proceeds from sale of finance receivables, net	`ProceedsFromSaleOfLoansHeldForSale`	$1.91B	USD	1 Quarter
Gain on loan sales	`GainLossOnSalesOfConsumerLoans`	$105.00M	USD	1 Quarter
Gain on loan sales	`GainLossOnSalesOfConsumerLoans`	$64.00M	USD	1 Quarter
Principal payments received on finance receivables held for sale	`ProceedsFromCollectionOfLoansHeldForSale`	$73.00M	USD	1 Quarter
Principal payments received on finance receivables held for sale	`ProceedsFromCollectionOfLoansHeldForSale`	$61.00M	USD	1 Quarter
Vehicle inventory	`IncreaseDecreaseInInventories`	$133.00M	USD	1 Quarter
Vehicle inventory	`IncreaseDecreaseInInventories`	$-385.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$91.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$43.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty`	$101.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty`	$117.00M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$-17.00M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$106.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-12.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$113.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-593.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$220.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.00M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.00M	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Principal payments received on and proceeds from sale of beneficial interests	`ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations`	$8.00M	USD	1 Quarter
Principal payments received on and proceeds from sale of beneficial interests	`ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations`	$12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-208.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.00M	USD	1 Quarter
Proceeds from short-term revolving facilities	`ProceedsFromLinesOfCredit`	$5.23B	USD	1 Quarter
Proceeds from short-term revolving facilities	`ProceedsFromLinesOfCredit`	$1.86B	USD	1 Quarter
Payments on short-term revolving facilities	`RepaymentsOfLinesOfCredit`	$1.69B	USD	1 Quarter
Payments on short-term revolving facilities	`RepaymentsOfLinesOfCredit`	$4.50B	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$20.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$19.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfOtherLongTermDebt`	$36.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfOtherLongTermDebt`	$37.00M	USD	1 Quarter
Proceeds from equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.00M	USD	1 Quarter
Proceeds from equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Tax withholdings related to restricted stock units and awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	1 Quarter
Tax withholdings related to restricted stock units and awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$707.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$151.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$66.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-94.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$694.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$636.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$694.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$636.00M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.00M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-286.00M	USD	1 Quarter
Exchanges of LLC Units	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Exchanges of LLC Units	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00M	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.