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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments321,944321,091269,642240,668290,299245,941176,199
Cash and cash equivalents231,944231,091184,642140,668190,299245,941133,199
Short-term investments90,00090,00085,000100,000100,000 43,000
Restricted cash and investments6,7095,7538,9806,489250250396
Receivables189,32485,18281,86336,36418,23516,32216,844
Inventory, net of allowances, customer advances and progress billings19,6566,395     
Inventory19,6566,395     
Prepaid expense     7,32511,141
Contract with customer, asset9,0459,90510,55411,08510,8079,9509,652
Other current assets     1,6341,849
Other undisclosed current assets16,43013,18317,73717,17012,385  
Total current assets:563,108441,509388,776311,776331,976281,422216,081
Noncurrent Assets
Operating lease, right-of-use asset60,60963,84167,02470,08760,83563,52566,086
Property, plant and equipment32,21029,56931,64129,81627,48327,27626,881
Intangible assets, net (including goodwill)242,202248,128256,446265,31739,99138,61938,222
Goodwill158,287155,707156,098157,15229,12928,35727,623
Intangible assets, net (excluding goodwill)83,91592,421100,348108,16510,86210,26210,599
Contract with customer, asset, net5,8676,8668,0349,1349,1898,5018,825
Restricted cash and investments9,62710,37710,37710,37710,37710,62710,627
Deferred income tax assets13,37813,74117,44619,72819,77427,26737,206
Other noncurrent assets4,5735,8864,4613,1582,6733,3143,508
Total noncurrent assets:368,466378,408395,429407,617170,322179,129191,355
TOTAL ASSETS:931,574819,917784,205719,393502,298460,551407,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities92,15065,55364,68048,87236,34928,50414,542
Accounts payable66,15355,34045,87736,29321,56316,83910,438
Accrued liabilities7,8762,8412,6122,6173,9412,824 
Employee-related liabilities11,7777,3728,3633,71710,8458,8414,104
Taxes payable6,344 7,8286,245   
Deferred revenue12,78412,51713,12011,9869,1379,6788,195
Other undisclosed current liabilities65,77524,38025,74720,86721,05017,68520,410
Total current liabilities:170,709102,450103,54781,72566,53655,86743,147
Noncurrent Liabilities
Long-term debt and lease obligation57,51961,01364,72368,28058,81062,01665,073
Operating lease, liability57,51961,01364,72368,28058,81062,01665,073
Liabilities, other than long-term debt23,69712,56512,1895,5123,3664,4093,361
Deferred income tax liabilities5819291294291304314
Other liabilities23,63912,54611,8985,2183,0754,1053,047
Total noncurrent liabilities:81,21673,57876,91273,79262,17666,42568,434
Total liabilities:251,925176,028180,459155,517128,712122,292111,581
Temporary equity, carrying amount162,80854,63354,56555,221   
Stockholders' equity
Stockholders' equity attributable to parent, including:516,841589,256549,181508,655373,586338,259295,855
Additional paid in capital387,868379,808368,194355,968242,181233,246224,418
Accumulated other comprehensive income (loss)(403)3071,0457971,880651(362)
Retained earnings129,258209,024179,825151,773129,412104,24971,686
Other undisclosed stockholders' equity attributable to parent118117117117113113113
Total stockholders' equity:516,841589,256549,181508,655373,586338,259295,855
TOTAL LIABILITIES AND EQUITY:931,574819,917784,205719,393502,298460,551407,436

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues339,342222,915217,748171,368151,553147,47294,737
Cost of revenue
(Cost of Goods and Services Sold)
(159,607)(60,033)(50,317)(24,058)(11,454)(9,762)(9,880)
Gross profit:179,735162,882167,431147,310140,099137,71084,857
Operating expenses(135,811)(122,806)(128,954)(121,519)(106,638)(94,143)(76,148)
Operating income:43,92440,07638,47725,79133,46143,5678,709
Nonoperating income (expense)66614361222(53)205474
Investment income, nonoperating    22174317
Other nonoperating income (expense) 14361222(75)31157
Income from continuing operations before income taxes:44,59040,21938,53826,01333,40843,7729,183
Income tax expense(10,431)(10,952)(11,142)(6,462)(8,245)(11,209)(2,052)
Net income:34,15929,26727,39619,55125,16332,5637,131
Net income (loss) attributable to noncontrolling interest(4,527)(68)6562,810   
Net income attributable to parent:29,63229,19928,05222,36125,16332,5637,131
Other undisclosed net loss available to common stockholders, basic(109,398)      
Net income (loss) available to common stockholders, basic:(79,766)29,19928,05222,36125,16332,5637,131
Other undisclosed net income (loss) available to common stockholders, diluted58868(656)    
Net income (loss) available to common stockholders, diluted:(79,178)29,26727,39622,36125,16332,5637,131

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:34,15929,26727,39619,55125,16332,5637,131
Other undisclosed comprehensive income (loss)(710)(738)248(1,083)   
Comprehensive income:33,44928,52927,64418,46825,16332,5637,131
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4,527)(68)6562,810   
Other undisclosed comprehensive income, net of tax, attributable to parent    1,2291,013481
Comprehensive income, net of tax, attributable to parent:28,92228,46128,30021,27826,39233,5767,612

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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