Cars.com Inc. (CARS) financial statements (2022 and earlier)

Company profile

Business Address 300 S. RIVERSIDE PLAZA
CHICAGO, IL 60606
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3968142521
Cash and cash equivalents3968142521
Receivables9994102109101
Prepaid expense867911
Other current assets21011010
Total current assets:147178122154143
Noncurrent Assets
Operating lease, right-of-use asset151617
Property, plant and equipment4341444140
Long-term investments and receivables    9
Long-term investments    9
Intangible assets, net (including goodwill)7968351,8352,3952,318
Goodwill26 506884788
Intangible assets, net (excluding goodwill)7698351,3291,5101,530
Other undisclosed noncurrent assets7510102
Total noncurrent assets:8608981,9062,4472,368
TOTAL ASSETS:1,0071,0762,0282,6012,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8583676520
Accounts payable151712127
Accrued liabilities46483837 
Employee-related liabilities2418171713
Debt98312721
Deferred compensation liability    1
Deferred revenue and credits1
Other liabilities    48
Other undisclosed current liabilities   19 
Total current liabilities:94909911190
Noncurrent Liabilities
Long-term debt and lease obligation457576643665557
Long-term debt, excluding current maturities457576611665557
Operating lease, liability  32
Liabilities, other than long-term debt896944198166
Deferred compensation liability, classified    2
Deferred tax liabilities, net178146
Deferred income tax liabilities3131 
Other liabilities5838442017
Other undisclosed noncurrent liabilities  101 19
Total noncurrent liabilities:546645788863742
Total liabilities:640736887974832
Stockholders' equity
Stockholders' equity attributable to parent3673401,1411,6271,679
Common stock11111
Additional paid in capital1,5451,5301,5151,5081,502
Accumulated other comprehensive loss(2)(7)(8)  
Retained earnings (accumulated deficit)(1,176)(1,184)(367)118177
Total stockholders' equity:3673401,1411,6271,679
TOTAL LIABILITIES AND EQUITY:1,0071,0762,0282,6012,511

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues624548607662626
Revenue, net626
Cost of revenue   (92)(66)
Gross profit:624548607570561
Operating expenses(575)(1,435)(1,053)(578)(492)
Other undisclosed operating income   9266
Operating income (loss):48(887)(446)84134
Nonoperating expense(39)(49)(29)(27)(12)
Other nonoperating income (expense)(0)(11)210
Interest and debt expense (5)(2)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 521 
Income (loss) from continuing operations before equity method investments, income taxes:9(936)(475)57121
Other undisclosed income from continuing operations before income taxes    1
Income (loss) from continuing operations before income taxes:9(936)(475)57122
Income tax expense (benefit)(2)11930(18)102
Net income (loss) available to common stockholders, diluted:8(817)(445)39224

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):8(817)(445)39224
Other comprehensive income (loss)51(8)  
Comprehensive income (loss), net of tax, attributable to parent:13(816)(453)39224

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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