What does debt issuance proceeds mean?

Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.

Carvana CVNA Debt Issuance Proceeds

Debt Issuance Proceeds at other companies

AutoNationAN

$0-100%

Credit AcceptanceCACC

$0-100%

LAD

Lithia MotorsLAD

$2.73B—

Group 1 AutomotiveGPI

$26.7M+110%

ACV Auctions Inc.ACVA

$85M-15.0%

Rush EnterprisesRUSHB

——

Other financials

Income statement

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Revenue$7.4B+52.4%

Gross profit$1.4B+30.1%

Operating income$680.0M+33.1%

Net income$310.0M+69.4%

EPS (diluted)$0.42+61.5%

Balance sheet

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Cash & equivalents$2.7B+42.1%

Total debt$5.8B-8.2%

Total equity$4.0B+133%

Total assets$14.6B+55.4%

Cash flow

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Operating cash flow$238.0M+721%

CapEx$51.0M+64.5%

Free cash flow$187.0M—

Valuation

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Market cap$47.33B+4.2%

Enterprise value$50.33B+1.1%

P/E30.2×-50.5×

P/S1.9×-0.9×

Profitability

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Gross margin19.4%-2.5pp

Operating margin8.9%-0.3pp

Net margin6.3%+2.8pp

FCF margin3.7%-0.1pp

Returns & leverage

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Return on equity54.5%+4.6pp

Debt / equity1.4×-2.2×

Current ratio3.9×-0.1×

Where this comes from

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromIssuanceOfLongTermDebt.

The official record: Carvana’s 10-Q, filed November 6, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does debt issuance proceeds mean?: Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.