Carvana Co. (CVNA) financial statements (2021 and earlier)

Company profile

Business Address 1930 W. RIO SALADO PARKWAY
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
SIC 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3017679173
Cash and cash equivalents3017679173
Restricted cash and investments28421014
Receivables62333113
Inventory, net of allowances, customer advances and progress billings1,036763412227
Inventory1,036763412227
Assets held-for-sale, not part of disposal group 28710546
Other current assets73532415
Other undisclosed current assets42310621
Total current assets:1,9231,359663490
Noncurrent Assets
Operating lease, right-of-use asset155123
Property, plant and equipment  297149
Intangible assets, net (including goodwill)151718 
Goodwill999 
Intangible assets, net (excluding goodwill)679 
Other noncurrent assets3215133
Other undisclosed noncurrent assets909543  
Total noncurrent assets:1,111698328151
TOTAL ASSETS:3,0352,058991641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:34223411850
Accounts payable67642911
Accrued liabilities75381916
Employee-related liabilities3522135
Taxes payable7246289
Interest and dividends payable20169 
Other undisclosed accounts payable and accrued liabilities76501910
Debt79610208254
Due to related parties  42
Other liabilities2013  
Other undisclosed current liabilities268  
Total current liabilities:467865330306
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,76499942548
Long-term debt, excluding current maturities1,617883425 
Operating lease, liability147116
Other undisclosed long-term debt and lease obligation   48
Liabilities, other than long-term debt1297
Other liabilities1297
Total noncurrent liabilities:1,7661,00143456
Total liabilities:2,2331,866764362
Stockholders' equity
Stockholders' equity attributable to parent, including:3889873126
Additional paid in capital74228114841
Accumulated deficit(354)(183)(75)(13)
Other undisclosed stockholders' equity attributable to parent00097
Stockholders' equity attributable to noncontrolling interest41494154154
Total stockholders' equity:802192227280
TOTAL LIABILITIES AND EQUITY:3,0352,058991641

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,5873,9401,955859
Revenue, net1,955859
Cost of revenue
(Cost of Goods and Services Sold)
(4,793)(3,433)(1,759)(791)
Gross profit:79450619768
Operating expenses(1,172)(787)(425)(223)
Operating loss:(379)(280)(229)(155)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(4)(1)(1)
Interest and debt expense(165)(81)(25)(8)
Loss from continuing operations before income taxes:(542)(365)(255)(164)
Income tax benefit0   
Loss before gain (loss) on sale of properties:(542)(365)(255)(164)
Other undisclosed net income80   
Net loss:(462)(365)(255)(164)
Net income attributable to noncontrolling interest291250193101
Net loss attributable to parent:(171)(115)(62)(63)
Preferred stock dividends and other adjustments  (4)(0)
Other undisclosed net loss available to common stockholders, basic  (1)(1)
Net loss available to common stockholders, diluted:(171)(115)(67)(64)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(462)(365)(255)(164)
Comprehensive loss:(462)(365)(255)(164)
Comprehensive income, net of tax, attributable to noncontrolling interest291250193101
Comprehensive loss, net of tax, attributable to parent:(171)(115)(62)(63)

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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