10-Q Filing

CARVANA CO. CIK: 1690820 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001690820-23-000219`
Period End Date	20230630
Filing Date	20230719
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	cvna-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 74 Cash Flow Statement 82 Stockholders Equity 36

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$541.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.05B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$150.00M	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`	$165.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$194.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$136.00M	USD	Point-in-time
Operating lease right-of-use asset, from leases with related party	`OperatingLeaseRightOfUseAsset`	$489.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$335.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$253.00M	USD	Point-in-time
Operating lease right-of-use asset, from leases with related party	`OperatingLeaseRightOfUseAsset`	$536.00M	USD	Point-in-time
Finance receivables held for sale, net	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroup`	$1.10B	USD	Point-in-time
Finance receivables held for sale, net	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroup`	$1.33B	USD	Point-in-time
Other assets, due from related parties	`OtherAssetsNoncurrent`	$261.00M	USD	Point-in-time
Other assets, due from related parties	`OtherAssetsNoncurrent`	$254.00M	USD	Point-in-time
Vehicle inventory	`InventoryNet`	$1.88B	USD	Point-in-time
Accounts payable and accrued liabilities, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$777.00M	USD	Point-in-time
Accounts payable and accrued liabilities, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$739.00M	USD	Point-in-time
Vehicle inventory	`InventoryNet`	$1.30B	USD	Point-in-time
Other current liabilities, from leases with related parties	`OtherLiabilitiesCurrent`	$80.00M	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
Beneficial interests in securitizations	`AvailableForSaleSecuritiesDebtSecurities`	$335.00M	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 $5 and $6, respectively, due from related parties	`OtherAssetsCurrent`	$182.00M	USD	Point-in-time
Other current assets, including $5 and $6, respectively, due from related parties	`OtherAssetsCurrent`	$165.00M	USD	Point-in-time
Operating lease liabilities, excluding current portion, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$466.00M	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`	$3.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.59B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$3.13B	USD	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Operating lease right-of-use assets, including $12 and $14, respectively, from leases with related parties	`OperatingLeaseRightOfUseAsset`	$489.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets, including $12 and $14, respectively, from leases with related parties	`OperatingLeaseRightOfUseAsset`	$536.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$61.00M	USD	Point-in-time
Other assets, including $2 and $1, respectively, due from related parties	`OtherAssetsNoncurrent`	$261.00M	USD	Point-in-time
Other assets, including $2 and $1, respectively, due from related parties	`OtherAssetsNoncurrent`	$254.00M	USD	Point-in-time
Total assets	`Assets`	$8.70B	USD	Point-in-time
Total assets	`Assets`	$7.85B	USD	Point-in-time
Accounts payable and accrued liabilities, including $6 and $16, respectively, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$777.00M	USD	Point-in-time
Accounts payable and accrued liabilities, including $6 and $16, respectively, due to related parties	`AccountsPayableAndAccruedLiabilitiesCurrent`	$739.00M	USD	Point-in-time
Short-term revolving facilities	`LinesOfCreditCurrent`	$1.16B	USD	Point-in-time
Short-term revolving facilities	`LinesOfCreditCurrent`	$1.53B	USD	Point-in-time
Current portion of long-term debt	`NotesPayableCurrent`	$199.00M	USD	Point-in-time
Current portion of long-term debt	`NotesPayableCurrent`	$201.00M	USD	Point-in-time
Other current liabilities, including $3 and $4, respectively, from leases with related parties	`OtherLiabilitiesCurrent`	$80.00M	USD	Point-in-time
Other current liabilities, including $3 and $4, respectively, from leases with related parties	`OtherLiabilitiesCurrent`	$80.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.18B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.59B	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$6.57B	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$6.54B	USD	Point-in-time
Operating lease liabilities, excluding current portion, including $8 and $9, respectively, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$507.00M	USD	Point-in-time
Operating lease liabilities, excluding current portion, including $8 and $9, respectively, from leases with related parties	`OperatingLeaseLiabilityNoncurrent`	$466.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$68.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$78.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.75B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.26B	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 June 30, 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 June 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.60B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.56B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.29B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.08B	USD	Point-in-time
Total stockholders' deficit attributable to Carvana Co.	`StockholdersEquity`	$-697.00M	USD	Point-in-time
Total stockholders' deficit attributable to Carvana Co.	`StockholdersEquity`	$-518.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-709.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-535.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$864.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.41B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	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 stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Total liabilities & stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.70B	USD	Point-in-time
Total liabilities & stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$7.85B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.38B	USD	2 Qtrs
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.57B	USD	2 Qtrs
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.97B	USD	1 Quarter
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.88B	USD	1 Quarter
Cost of sales, to related parties	`CostOfGoodsAndServicesSold`	$4.73B	USD	2 Qtrs
Cost of sales, to related parties	`CostOfGoodsAndServicesSold`	$2.47B	USD	1 Quarter
Cost of sales, to related parties	`CostOfGoodsAndServicesSold`	$6.69B	USD	2 Qtrs
Cost of sales, to related parties	`CostOfGoodsAndServicesSold`	$3.49B	USD	1 Quarter
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.38B	USD	2 Qtrs
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$924.00M	USD	2 Qtrs
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.57B	USD	2 Qtrs
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.97B	USD	1 Quarter
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$452.00M	USD	1 Quarter
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$721.00M	USD	1 Quarter
Selling, general and administrative expenses, to related parties	`SellingGeneralAndAdministrativeExpense`	$1.45B	USD	2 Qtrs
Net sales and operating revenues, from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.88B	USD	1 Quarter
Cost of sales, including $1, $9, $2 and $18, respectively, to related parties	`CostOfGoodsAndServicesSold`	$4.73B	USD	2 Qtrs
Cost of sales, including $1, $9, $2 and $18, respectively, to related parties	`CostOfGoodsAndServicesSold`	$2.47B	USD	1 Quarter
Cost of sales, including $1, $9, $2 and $18, respectively, to related parties	`CostOfGoodsAndServicesSold`	$6.69B	USD	2 Qtrs
Cost of sales, including $1, $9, $2 and $18, respectively, to related parties	`CostOfGoodsAndServicesSold`	$3.49B	USD	1 Quarter
Gross profit	`GrossProfit`	$840.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$499.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$694.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$396.00M	USD	1 Quarter
Selling, general and administrative expenses, including $10, $7, $18 and $13, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$924.00M	USD	2 Qtrs
Selling, general and administrative expenses, including $10, $7, $18 and $13, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$452.00M	USD	1 Quarter
Selling, general and administrative expenses, including $10, $7, $18 and $13, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$721.00M	USD	1 Quarter
Selling, general and administrative expenses, including $10, $7, $18 and $13, respectively, to related parties	`SellingGeneralAndAdministrativeExpense`	$1.45B	USD	2 Qtrs
Interest expense	`InterestExpense`	$155.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$180.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$314.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$116.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-10.00M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$5.00M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-105.00M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-944.00M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-438.00M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-393.00M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-2.00M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$1.00M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-286.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-105.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-439.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-945.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-391.00M	USD	2 Qtrs
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-447.00M	USD	2 Qtrs
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-201.00M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.00M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-173.00M	USD	2 Qtrs
Net loss attributable to Carvana Co.	`NetIncomeLoss`	$-58.00M	USD	1 Quarter
Net loss attributable to Carvana Co.	`NetIncomeLoss`	$-238.00M	USD	1 Quarter
Net loss attributable to Carvana Co.	`NetIncomeLoss`	$-498.00M	USD	2 Qtrs
Net loss attributable to Carvana Co.	`NetIncomeLoss`	$-218.00M	USD	2 Qtrs
Net loss per share of Class A common stock, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.55	USD	1 Quarter
Net loss per share of Class A common stock, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.05	USD	2 Qtrs
Net loss per share of Class A common stock, basic (in dollars per share)	`EarningsPerShareBasic`	$-5.20	USD	2 Qtrs
Net loss per share of Class A common stock, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.35	USD	1 Quarter
Net loss per share of Class A common stock, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.55	USD	1 Quarter
Net loss per share of Class A common stock, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-5.20	USD	2 Qtrs
Net loss per share of Class A common stock, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.35	USD	1 Quarter
Net loss per share of Class A common stock, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.05	USD	2 Qtrs
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.77M	shares	2 Qtrs
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.12M	shares	2 Qtrs
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.22M	shares	1 Quarter
Weighted-average shares of Class A common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	101.45M	shares	1 Quarter
Weighted-average shares of Class A common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.22M	shares	1 Quarter
Weighted-average shares of Class A common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.77M	shares	2 Qtrs
Weighted-average shares of Class A common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.45M	shares	1 Quarter
Weighted-average shares of Class A common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.12M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-286.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-105.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-439.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-945.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-391.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortizationExcludingDebtIssuanceCosts`	$101.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortizationExcludingDebtIssuanceCosts`	$183.00M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$34.00M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$42.00M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-6.00M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-2.00M	USD	2 Qtrs
Provision for bad debt and valuation allowance	`ProvisionForDoubtfulAccounts`	$25.00M	USD	2 Qtrs
Provision for bad debt and valuation allowance	`ProvisionForDoubtfulAccounts`	$8.00M	USD	2 Qtrs
Amortization and write-off of debt issuance costs	`AmortizationAndWriteOffOfDebtIssuanceCosts`	$12.00M	USD	2 Qtrs
Amortization and write-off of debt issuance costs	`AmortizationAndWriteOffOfDebtIssuanceCosts`	$14.00M	USD	2 Qtrs
Unrealized loss on warrants to acquire Root's Class A common stock	`FairValueAdjustmentOfWarrants`	$5.00M	USD	2 Qtrs
Unrealized loss on warrants to acquire Root's Class A common stock	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Unrealized (gain) loss on beneficial interests in securitization	`UnrealizedGainLossOnBeneficialInterestInSecuritization`	$-10.00M	USD	2 Qtrs
Unrealized (gain) loss on beneficial interests in securitization	`UnrealizedGainLossOnBeneficialInterestInSecuritization`	$5.00M	USD	2 Qtrs
Originations of finance receivables	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$2.91B	USD	2 Qtrs
Originations of finance receivables	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$3.96B	USD	2 Qtrs
Proceeds from sale of finance receivables, net	`ProceedsFromSaleOfLoansHeldForSale`	$3.92B	USD	2 Qtrs
Proceeds from sale of finance receivables, net	`ProceedsFromSaleOfLoansHeldForSale`	$3.12B	USD	2 Qtrs
Gain on loan sales	`GainLossOnSalesOfConsumerLoans`	$214.00M	USD	2 Qtrs
Gain on loan sales	`GainLossOnSalesOfConsumerLoans`	$235.00M	USD	2 Qtrs
Principal payments received on finance receivables held for sale	`ProceedsFromCollectionOfLoansHeldForSale`	$132.00M	USD	2 Qtrs
Principal payments received on finance receivables held for sale	`ProceedsFromCollectionOfLoansHeldForSale`	$113.00M	USD	2 Qtrs
Vehicle inventory	`IncreaseDecreaseInInventories`	$-564.00M	USD	2 Qtrs
Vehicle inventory	`IncreaseDecreaseInInventories`	$-333.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$86.00M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$19.00M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty`	$122.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty`	$-24.00M	USD	2 Qtrs
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$-47.00M	USD	2 Qtrs
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$102.00M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$140.00M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-41.00M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.00M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.00M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-487.00M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$443.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$361.00M	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$33.00M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.19B	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.00M	USD	2 Qtrs
Principal payments received on and proceeds from sale of beneficial interests	`ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations`	$25.00M	USD	2 Qtrs
Principal payments received on and proceeds from sale of beneficial interests	`ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations`	$30.00M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.00M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.52B	USD	2 Qtrs
Proceeds from short-term revolving facilities	`ProceedsFromLinesOfCredit`	$4.54B	USD	2 Qtrs
Proceeds from short-term revolving facilities	`ProceedsFromLinesOfCredit`	$8.16B	USD	2 Qtrs
Payments on short-term revolving facilities	`RepaymentsOfLinesOfCredit`	$9.09B	USD	2 Qtrs
Payments on short-term revolving facilities	`RepaymentsOfLinesOfCredit`	$4.91B	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$62.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.42B	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfOtherLongTermDebt`	$85.00M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfOtherLongTermDebt`	$66.00M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.00M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$65.00M	USD	2 Qtrs
Net proceeds from issuance of Class A common stock	`ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions`	-	USD	2 Qtrs
Net proceeds from issuance of Class A common stock	`ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions`	$1.23B	USD	2 Qtrs
Proceeds from equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.00M	USD	2 Qtrs
Proceeds from equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	2 Qtrs
Tax withholdings related to restricted stock units and awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00M	USD	2 Qtrs
Tax withholdings related to restricted stock units and awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.00M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.57B	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-400.00M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$49.00M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$561.00M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$677.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$677.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$636.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.00M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$864.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.41B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-506.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-286.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-105.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-439.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-945.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-391.00M	USD	2 Qtrs
Issuances of Class A common stock, net of underwriters' discounts and commissions and offering expenses	`StockIssuedDuringPeriodValueNewIssues`	$1.23B	USD	1 Quarter
Adjustments to the non-controlling interests related to equity offering & Exchanges of LLC units	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Adjustments to the non-controlling interests related to equity offering & Exchanges of LLC units	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Adjustments to the non-controlling interests related to equity offering & Exchanges of LLC units	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Issuance of Class A common stock under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	-	USD	1 Quarter
Issuance of Class A common stock under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.00M	USD	1 Quarter
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	1 Quarter
Forfeitures of restricted stock and restricted stock surrendered in lieu of withholding taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.00M	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	`ShareBasedPaymentArrangementIncreaseForTaxWithholdingObligationNetOfAdjustment`	$5.00M	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00M	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$864.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.41B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$525.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time

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