Carvana Co. (CVNA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4033017679173
Cash and cash equivalents4033017679173
Restricted cash and investments23328421014
Receivables18562333113
Inventory, net of allowances, customer advances and progress billings3,1491,036763412227
Inventory3,1491,036763412227
Assets held-for-sale, not part of disposal group  28710546
Other current assets16373532415
Other undisclosed current assets75942310621
Total current assets:4,8921,9231,359663490
Noncurrent Assets
Operating lease, right-of-use asset369155123
Property, plant and equipment   297149
Intangible assets, net (including goodwill)13151718 
Goodwill9999 
Intangible assets, net (excluding goodwill)4679 
Other noncurrent assets1813215133
Other undisclosed noncurrent assets1,560909543  
Total noncurrent assets:2,1231,111698328151
TOTAL ASSETS:7,0153,0352,058991641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:65634223411850
Accounts payable14167642911
Accrued liabilities16375381916
Employee-related liabilities453522135
Taxes payable1027246289
Interest and dividends payable4220169 
Other undisclosed accounts payable and accrued liabilities16376501910
Debt2,15479610208254
Due to related parties   42
Other liabilities292013  
Other undisclosed current liabilities51268  
Total current liabilities:2,890467865330306
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5691,76499942548
Long-term debt, excluding current maturities3,2081,617883425 
Operating lease, liability361147116
Other undisclosed long-term debt and lease obligation    48
Liabilities, other than long-term debt311297
Other liabilities311297
Total noncurrent liabilities:3,6001,7661,00143456
Total liabilities:6,4902,2331,866764362
Stockholders' equity
Stockholders' equity attributable to parent, including:3063889873126
Additional paid in capital79574228114841
Accumulated deficit(489)(354)(183)(75)(13)
Other undisclosed stockholders' equity attributable to parent 00097
Stockholders' equity attributable to noncontrolling interest21941494154154
Total stockholders' equity:525802192227280
TOTAL LIABILITIES AND EQUITY:7,0153,0352,058991641

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,8145,5873,9401,955859
Revenue, net1,955859
Cost of revenue
(Cost of Goods and Services Sold)
(10,885)(4,793)(3,433)(1,759)(791)
Gross profit:1,92979450619768
Operating expenses(2,102)(1,172)(787)(425)(223)
Operating loss:(173)(379)(280)(229)(155)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(6)1(4)(1)(1)
Interest and debt expense(176)(165)(81)(25)(8)
Loss from continuing operations before income taxes:(355)(542)(365)(255)(164)
Income tax expense (benefit)(1)0   
Loss before gain (loss) on sale of properties:(356)(542)(365)(255)(164)
Other undisclosed net income6980   
Net loss:(287)(462)(365)(255)(164)
Net income attributable to noncontrolling interest152291250193101
Net loss attributable to parent:(135)(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:(135)(171)(115)(67)(64)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(287)(462)(365)(255)(164)
Comprehensive loss:(287)(462)(365)(255)(164)
Comprehensive income, net of tax, attributable to noncontrolling interest152291250193101
Comprehensive loss, net of tax, attributable to parent:(135)(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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