Carvana Co. (CVNA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 E. RIO SALADO PARKWAY TEMPE, AZ 85281 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 55 - Automotive Dealers And Gasoline Service Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 530 | 434 | 403 | 301 | 76 | 79 | |||
| Cash and cash equivalent | 530 | 434 | 403 | 301 | 76 | 79 | |||
| Restricted cash and investments | 64 | 194 | 233 | 28 | 42 | 10 | |||
| Receivables | 207 | 217 | 185 | 62 | 33 | 31 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,150 | 1,876 | 3,149 | 1,036 | 763 | 412 | |||
| Inventory | 1,150 | 1,876 | 3,149 | 1,036 | 763 | 412 | |||
| Asset, held-for-sale, not part of disposal group | 287 | 105 | |||||||
| Other current assets | 138 | 182 | 163 | 73 | 53 | 24 | |||
| Other undisclosed current assets | 1,232 | 1,691 | 759 | 423 | 106 | 2 | |||
| Total current assets: | 3,321 | 4,594 | 4,892 | 1,923 | 1,359 | 663 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 455 | 536 | 369 | 155 | 123 | ✕ | |||
| Property, plant and equipment | 297 | ||||||||
| Intangible assets, net (including goodwill) | 52 | 70 | 13 | 15 | 17 | 18 | |||
| Goodwill | 9 | 9 | 9 | 9 | |||||
| Intangible assets, net (excluding goodwill) | 52 | 70 | 4 | 6 | 7 | 9 | |||
| Other noncurrent assets | 261 | 254 | 181 | 32 | 15 | 13 | |||
| Other undisclosed noncurrent assets | 2,982 | 3,244 | 1,560 | 909 | 543 | ||||
| Total noncurrent assets: | 3,750 | 4,104 | 2,123 | 1,111 | 698 | 328 | |||
| TOTAL ASSETS: | 7,071 | 8,698 | 7,015 | 3,035 | 2,058 | 991 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 596 | 777 | 656 | 342 | 234 | 118 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 42 | 20 | 16 | 9 | ||
| Taxes payable | ✕ | ✕ | ✕ | 102 | 72 | 46 | 28 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 45 | 35 | 22 | 13 | ||
| Accounts payable | 231 | 232 | 141 | 67 | 64 | 29 | |||
| Accrued liabilities | 274 | 452 | 163 | 75 | 38 | 19 | |||
| Other undisclosed accounts payable and accrued liabilities | 91 | 93 | 163 | 76 | 50 | 19 | |||
| Debt | 777 | 1,638 | 2,154 | 79 | 610 | 208 | |||
| Other liabilities | 83 | 80 | 29 | 20 | 13 | ||||
| Due to related parties | ✕ | ✕ | 4 | ||||||
| Other undisclosed current liabilities | 80 | 97 | 51 | 26 | 8 | ||||
| Total current liabilities: | 1,536 | 2,592 | 2,890 | 467 | 865 | 330 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,416 | 6,574 | 3,569 | 1,764 | 999 | 425 | |||
| Long-term debt, excluding current maturities | 5,416 | 6,574 | 3,208 | 1,617 | 883 | 425 | |||
| Liabilities, other than long-term debt | 503 | 585 | 31 | 1 | 2 | 9 | |||
| Other liabilities | 70 | 78 | 31 | 1 | 2 | 9 | |||
| Operating lease, liability | 433 | 507 | 361 | 147 | 116 | ✕ | |||
| Total noncurrent liabilities: | 5,919 | 7,159 | 3,600 | 1,766 | 1,001 | 434 | |||
| Total liabilities: | 7,455 | 9,751 | 6,490 | 2,233 | 1,866 | 764 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 243 | (518) | 306 | 388 | 98 | 73 | |||
| Additional paid in capital | 1,869 | 1,558 | 795 | 742 | 281 | 148 | |||
| Accumulated deficit | (1,626) | (2,076) | (489) | (354) | (183) | (75) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | ||||||
| Equity, attributable to noncontrolling interest | (627) | (535) | 219 | 414 | 94 | 154 | |||
| Total equity: | (384) | (1,053) | 525 | 802 | 192 | 227 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,071 | 8,698 | 7,015 | 3,035 | 2,058 | 991 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,771 | 13,604 | 12,814 | 5,587 | 3,940 | 1,955 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,955 | |
| Cost of revenue (Cost of Product and Service Sold) | (9,047) | (12,358) | (10,885) | (4,793) | (3,433) | (1,759) | ||
| Gross profit: | 1,724 | 1,246 | 1,929 | 794 | 506 | 197 | ||
| Operating expenses | (1,796) | (3,583) | (2,102) | (1,172) | (787) | (425) | ||
| Other operating expense, net | ||||||||
| Operating income (loss): | (72) | (2,337) | (173) | (379) | (280) | (229) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1 | (70) | (6) | 1 | (4) | (1) | ||
| Interest and debt expense | 246 | (486) | (176) | (165) | (81) | (25) | ||
| Income (loss) from continuing operations before income taxes: | 175 | (2,893) | (355) | (542) | (365) | (255) | ||
| Income tax expense (benefit) | (25) | (1) | (1) | 0 | ||||
| Income (loss) from continuing operations: | 150 | (2,894) | (356) | (542) | (365) | (255) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (356) | (542) | (365) | (255) | |
| Other undisclosed net income | 69 | 80 | ||||||
| Net income (loss): | 150 | (2,894) | (287) | (462) | (365) | (255) | ||
| Net income (loss) attributable to noncontrolling interest | 300 | 1,307 | 152 | 291 | 250 | 193 | ||
| Net income (loss) attributable to parent: | 450 | (1,587) | (135) | (171) | (115) | (62) | ||
| Preferred stock dividends and other adjustments | (4) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (1) | |||||||
| Net income (loss) available to common stockholders, basic: | 450 | (1,587) | (135) | (171) | (115) | (67) | ||
| Dilutive securities, effect on basic earnings per share | (300) | |||||||
| Other undisclosed net income available to common stockholders, diluted | 300 | |||||||
| Net income (loss) available to common stockholders, diluted: | 450 | (1,587) | (135) | (171) | (115) | (67) | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 150 | (2,894) | (287) | (462) | (365) | (255) | ||
| Comprehensive income (loss): | 150 | (2,894) | (287) | (462) | (365) | (255) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 300 | 1,307 | 152 | 291 | 250 | 193 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 450 | (1,587) | (135) | (171) | (115) | (62) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.