CarGurus, Inc. (CARG) financial statements (2020 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 millions)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172158138
Cash and cash equivalents603588
Short-term investments11212350
Restricted cash and investments01 
Receivables221413
Prepaid expense10102
Contract with customer, asset105
Other current assets57 
Other undisclosed current assets  5
Total current assets:219195157
Noncurrent Assets
Operating lease, right-of-use asset60
Property, plant and equipment282417
Intangible assets, net (including goodwill)19  
Goodwill15  
Intangible assets, net (excluding goodwill)4  
Contract with customer, asset, net117
Restricted cash and investments1122
Other noncurrent assets410
Other undisclosed noncurrent assets43391
Total noncurrent assets:1757319
TOTAL ASSETS:394268177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities454337
Accounts payable373424
Accrued liabilities  14
Employee-related liabilities98 
Deferred revenue10
Debt9  
Deferred rent credit 2
Deferred revenue and credits5
Contract with customer, liability9
Other undisclosed current liabilities1010 
Total current liabilities:746443
Noncurrent Liabilities
Long-term debt and lease obligation61  
Operating lease, liability61
Liabilities, other than long-term debt2117
Deferred revenue and credits6
Deferred rent credit 9
Other liabilities211
Other undisclosed noncurrent liabilities0  
Total noncurrent liabilities:63117
Total liabilities:1377450
Stockholders' equity
Stockholders' equity attributable to parent, including:257194127
Additional paid in capital205184185
Accumulated other comprehensive income (loss)(0)00
Retained earnings (accumulated deficit)5210(58)
Other undisclosed stockholders' equity attributable to parent000
Total stockholders' equity:257194127
TOTAL LIABILITIES AND EQUITY:394268177

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

12/31/2019
12/31/2018
12/31/2017
Revenues589454317
Cost of revenue
(Cost of Goods and Services Sold)
(36)(2)(1)
Other undisclosed gross profit (23)(16)
Gross profit:553429299
Operating expenses(518)(406)(284)
Operating income:342315
Nonoperating income421
Investment income, nonoperating321
Foreign currency transaction loss, before tax  (0)
Other nonoperating income10 
Interest and debt expense  (0)
Other undisclosed income from continuing operations before equity method investments, income taxes  0
Income from continuing operations before income taxes:392516
Income tax expense (benefit)340(3)
Net income attributable to parent:426513
Undistributed earnings (loss) allocated to participating securities, basic  (6)
Net income available to common stockholders, basic:42657
Other undisclosed net income available to common stockholders, diluted  0
Net income available to common stockholders, diluted:42657

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:426513
Comprehensive income:426513
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)0
Comprehensive income, net of tax, attributable to parent:426513

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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