Carvana Co. (CVNA) Financial Statements (2024 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 thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments434,000403,000300,81076,01678,861172,680
Cash and cash equivalents434,000403,000300,81076,01678,861172,680
Restricted cash and investments194,000233,00028,30142,4439,84814,443
Receivables217,000185,00062,26332,56431,32013,205
Inventory, net of allowances, customer advances and progress billings1,876,0003,149,0001,036,235762,696412,243227,446
Inventory1,876,0003,149,0001,036,235762,696412,243227,446
Asset, held-for-sale, not part of disposal group    286,969105,20045,564
Other current assets182,000163,00073,02352,65423,58215,480
Other undisclosed current assets1,691,000759,000422,515106,0801,800900
Total current assets:4,594,0004,892,0001,923,1471,359,422662,854489,718
Noncurrent Assets
Operating lease, right-of-use asset536,000369,000155,464123,420
Property, plant and equipment     296,839148,681
Intangible assets, net (including goodwill)70,00013,00014,99616,58518,222 
Goodwill  9,0009,3539,3539,353 
Intangible assets, net (excluding goodwill)70,0004,0005,6437,2328,869 
Other noncurrent assets254,000181,00031,75814,85013,0982,738
Other undisclosed noncurrent assets3,244,0001,560,000909,166543,471  
Total noncurrent assets:4,104,0002,123,0001,111,384698,326328,159151,419
TOTAL ASSETS:8,698,0007,015,0003,034,5312,057,748991,013641,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:777,000656,000342,314234,443117,52450,306
Interest and dividends payable42,00019,68915,6509,206 
Taxes payable102,00071,50445,81227,6519,034
Employee-related liabilities45,00034,53121,72613,4775,054
Accounts payable232,000141,00066,50463,57629,14110,546
Accrued liabilities452,000163,00074,54838,14619,35115,961
Other undisclosed accounts payable and accrued liabilities93,000163,00075,53849,53318,6989,711
Debt1,638,0002,154,00078,912609,644208,096253,923
Other liabilities80,00029,00019,50612,856  
Due to related parties    3,8911,802
Other undisclosed current liabilities97,00051,00026,4057,927  
Total current liabilities:2,592,0002,890,000467,137864,870329,511306,031
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,574,0003,569,0001,764,480999,131425,34948,469
Long-term debt, excluding current maturities6,574,0003,208,0001,617,002883,060425,349 
Other undisclosed long-term debt and lease obligation      48,469
Liabilities, other than long-term debt585,00031,0001,4111,8088,7257,093
Other liabilities78,00031,0001,4111,8088,7257,093
Operating lease, liability507,000361,000147,478116,071
Total noncurrent liabilities:7,159,0003,600,0001,765,8911,000,939434,07455,562
Total liabilities:9,751,0006,490,0002,233,0281,865,809763,585361,593
Equity
Equity, attributable to parent, including:(518,000)306,000387,60098,11273,408125,736
Additional paid in capital1,558,000795,000741,601280,994147,91641,375
Accumulated deficit(2,076,000)(489,000)(354,174)(183,034)(74,653)(12,899)
Other undisclosed equity, attributable to parent   17315214597,260
Equity, attributable to noncontrolling interest(535,000)219,000413,90393,827154,020153,808
Total equity:(1,053,000)525,000801,503191,939227,428279,544
TOTAL LIABILITIES AND EQUITY:8,698,0007,015,0003,034,5312,057,748991,013641,137

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues13,604,00012,814,0005,586,5653,939,8961,955,467858,870
Revenue, net1,955,467858,870
Cost of revenue
(Cost of Goods and Services Sold)
(12,358,000)(10,885,000)(4,792,800)(3,433,482)(1,758,758)(790,779)
Gross profit:1,246,0001,929,000793,765506,414196,70968,091
Operating expenses(3,583,000)(2,102,000)(1,172,455)(786,717)(425,258)(223,400)
Operating loss:(2,337,000)(173,000)(378,690)(280,303)(228,549)(155,309)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(70,000)(6,000)1,447(3,730)(1,178)(1,348)
Interest and debt expense(486,000)(176,000)(165,211)(80,606)(25,018)(7,659)
Income (loss) from continuing operations before income taxes:(2,893,000)(355,000)(542,454)(364,639)(254,745)(164,316)
Income tax expense (benefit)(1,000)(1,000)255   
Income (loss) from continuing operations:(2,894,000)(356,000)(542,199)(364,639)(254,745)(164,316)
Loss before gain (loss) on sale of properties:(356,000)(542,199)(364,639)(254,745)(164,316)
Other undisclosed net income  69,00079,977   
Net income (loss):(2,894,000)(287,000)(462,222)(364,639)(254,745)(164,316)
Net income attributable to noncontrolling interest1,307,000152,000291,082249,980192,991101,475
Net income (loss) attributable to parent:(1,587,000)(135,000)(171,140)(114,659)(61,754)(62,841)
Preferred stock dividends and other adjustments     (4,206)(413)
Other undisclosed net loss available to common stockholders, basic     (1,380)(1,237)
Net income (loss) available to common stockholders, basic:(1,587,000)(135,000)(171,140)(114,659)(67,340)(64,491)
Dilutive securities, effect on basic earnings per share      
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(1,587,000)(135,000)(171,140)(114,659)(67,340)(64,491)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,894,000)(287,000)(462,222)(364,639)(254,745)(164,316)
Comprehensive income (loss):(2,894,000)(287,000)(462,222)(364,639)(254,745)(164,316)
Comprehensive income, net of tax, attributable to noncontrolling interest1,307,000152,000291,082249,980192,991101,475
Comprehensive income (loss), net of tax, attributable to parent:(1,587,000)(135,000)(171,140)(114,659)(61,754)(62,841)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: