CarGurus, Inc. (CARG) financial statements (2022 and earlier)

Company profile

Business Address 2 CANAL PARK
CAMBRIDGE, MA 02141
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments321,944290,299171,612157,687137,709
Cash and cash equivalents231,944190,29959,92034,88787,709
Short-term investments90,000100,000111,692122,80050,000
Restricted cash and investments6,709250250750 
Receivables189,32418,23522,12413,61412,577
Inventory, net of allowances, customer advances and progress billings19,656    
Inventory19,656    
Prepaid expense  10,45210,1441,533
Contract with customer, asset9,04510,8079,5445,253
Other current assets  4,9727,410 
Other undisclosed current assets16,43012,385  5,385
Total current assets:563,108331,976218,954194,858157,204
Noncurrent Assets
Operating lease, right-of-use asset60,60960,83559,986
Property, plant and equipment32,21027,48327,95024,26916,563
Intangible assets, net (including goodwill)242,20239,99119,127  
Goodwill158,28729,12915,207  
Intangible assets, net (excluding goodwill)83,91510,8623,920  
Contract with customer, asset, net5,8679,18910,5147,252
Restricted cash and investments9,62710,37710,5531,9211,843
Deferred income tax assets13,37819,774 
Other noncurrent assets4,5732,6733,8261,104159
Other undisclosed noncurrent assets  42,71338,886825
Total noncurrent assets:368,466170,322174,66973,43219,390
TOTAL ASSETS:931,574502,298393,623268,290176,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities92,15036,34945,36842,61137,496
Accounts payable66,15321,56336,73134,34523,908
Accrued liabilities7,8763,941  13,588
Employee-related liabilities11,77710,8458,6378,266 
Taxes payable6,344    
Deferred revenue12,7849,1379,984
Debt  8,781  
Deferred rent credit   1,693
Deferred revenue and credits5,470
Contract with customer, liability8,811
Other undisclosed current liabilities65,77521,0509,62510,388 
Total current liabilities:170,70966,53673,75863,50342,966
Noncurrent Liabilities
Long-term debt and lease obligation57,51958,81060,818  
Operating lease, liability57,51958,81060,818
Liabilities, other than long-term debt23,6973,3661,90810,6766,603
Deferred revenue and credits5,648
Deferred rent credit   9,395
Deferred income tax liabilities58291 
Other liabilities23,6393,0751,9081,281955
Other undisclosed noncurrent liabilities  284  
Total noncurrent liabilities:81,21662,17663,01010,6766,603
Total liabilities:251,925128,712136,76874,17949,569
Temporary equity, carrying amount162,808    
Stockholders' equity
Stockholders' equity attributable to parent, including:516,841373,586256,855194,111127,025
Additional paid in capital387,868242,181205,234184,216185,190
Accumulated other comprehensive income (loss)(403)1,880(350)71228
Retained earnings (accumulated deficit)129,258129,41251,8599,713(58,499)
Other undisclosed stockholders' equity attributable to parent118113112111106
Total stockholders' equity:516,841373,586256,855194,111127,025
TOTAL LIABILITIES AND EQUITY:931,574502,298393,623268,290176,594

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues951,373551,451588,916454,086316,861
Cost of revenue
(Cost of Goods and Services Sold)
(294,015)(42,706)(36,300)(2,225)(1,140)
Other undisclosed gross profit   (22,586)(16,469)
Gross profit:657,358508,745552,616429,275299,252
Operating expenses(509,090)(410,989)(518,294)(406,084)(283,978)
Operating income:148,26897,75634,32223,19115,274
Nonoperating income1,0921,3544,3832,293563
Investment income, nonoperating1201,0752,9842,283869
Foreign currency transaction loss, before tax    (277)
Other nonoperating income9722791,39910 
Interest and debt expense    (29)
Other undisclosed income from continuing operations before equity method investments, income taxes    29
Income from continuing operations before income taxes:149,36099,11038,70525,48415,837
Income tax expense (benefit)(38,987)(21,557)3,44139,686(2,638)
Net income:110,37377,55342,14665,17013,199
Net loss attributable to noncontrolling interest(1,129)    
Net income attributable to parent:109,24477,55342,14665,17013,199
Preferred stock dividends and other adjustments(109,398)    
Undistributed earnings (loss) allocated to participating securities, basic    (6,098)
Net income (loss) available to common stockholders, basic:(154)77,55342,14665,1707,101
Other undisclosed net income available to common stockholders, diluted    269
Net income (loss) available to common stockholders, diluted:(154)77,55342,14665,1707,370

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:110,37377,55342,14665,17013,199
Other undisclosed comprehensive loss(2,283)    
Comprehensive income:108,09077,55342,14665,17013,199
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,129)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2,230(421)(157)258
Comprehensive income, net of tax, attributable to parent:106,96179,78341,72565,01313,457

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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