CarGurus, Inc. (CARG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments290172158138
Cash and cash equivalents190603588
Short-term investments10011212350
Restricted cash and investments001 
Receivables18221413
Prepaid expense 10102
Contract with customer, asset11105
Other current assets 57 
Other undisclosed current assets12  5
Total current assets:332219195157
Noncurrent Assets
Operating lease, right-of-use asset6160
Property, plant and equipment27282417
Intangible assets, net (including goodwill)4019  
Goodwill2915  
Intangible assets, net (excluding goodwill)114  
Contract with customer, asset, net9117
Restricted cash and investments101122
Deferred income tax assets20 
Other noncurrent assets3410
Other undisclosed noncurrent assets 43391
Total noncurrent assets:1701757319
TOTAL ASSETS:502394268177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36454337
Accounts payable22373424
Accrued liabilities4  14
Employee-related liabilities1198 
Deferred revenue910
Debt 9  
Deferred rent credit  2
Deferred revenue and credits5
Contract with customer, liability9
Other undisclosed current liabilities211010 
Total current liabilities:67746443
Noncurrent Liabilities
Long-term debt and lease obligation5961  
Operating lease, liability5961
Liabilities, other than long-term debt32117
Deferred revenue and credits6
Deferred rent credit  9
Deferred income tax liabilities0 
Other liabilities3211
Other undisclosed noncurrent liabilities 0  
Total noncurrent liabilities:6263117
Total liabilities:1291377450
Stockholders' equity
Stockholders' equity attributable to parent, including:374257194127
Additional paid in capital242205184185
Accumulated other comprehensive income (loss)2(0)00
Retained earnings (accumulated deficit)1295210(58)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:374257194127
TOTAL LIABILITIES AND EQUITY:502394268177

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues551589454317
Cost of revenue
(Cost of Goods and Services Sold)
(43)(36)(2)(1)
Other undisclosed gross profit  (23)(16)
Gross profit:509553429299
Operating expenses(411)(518)(406)(284)
Operating income:98342315
Nonoperating income1421
Investment income, nonoperating1321
Foreign currency transaction loss, before tax   (0)
Other nonoperating income010 
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:99392516
Income tax expense (benefit)(22)340(3)
Net income attributable to parent:78426513
Undistributed earnings (loss) allocated to participating securities, basic   (6)
Net income available to common stockholders, basic:7842657
Other undisclosed net income available to common stockholders, diluted   0
Net income available to common stockholders, diluted:7842657

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:78426513
Comprehensive income:78426513
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(0)(0)0
Comprehensive income, net of tax, attributable to parent:80426513

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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