Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Carvana.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.67B | $10.77B | $13.60B | $12.81B | $5.59B | $3.94B | $1.96B | $858.87M | $365.15M | $130.39M |
| Cost of Revenue | $10.80B | $9.05B | $12.36B | $10.88B | $4.79B | $3.43B | $1.76B | $790.78M | $345.95M | $129.05M |
| Gross Profit | $2.88B | $1.72B | $1.25B | $1.93B | $793.76M | $506.41M | $196.71M | $68.09M | $19.20M | $1.35M |
| Gross Profit Ratio | 21.03% | 16.00% | 9.16% | 15.10% | 14.21% | 12.85% | 10.06% | 7.93% | 5.26% | 1.03% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.65B | $1.45B | $2.25B | $1.55B | $839.73M | $582.70M | $314.03M | $167.70M | $81.69M | $25.90M |
| Selling and Marketing Expenses | $229.00M | $347.00M | $490.00M | $479.00M | $286.43M | $204.02M | $111.23M | $55.70M | $26.99M | $10.78M |
| Selling General and Administrative Expenses | $1.87B | $1.80B | $2.74B | $2.03B | $1.13B | $786.72M | $425.26M | $223.40M | $108.68M | $36.68M |
| Other Expenses | $12.00M | $- | $-70.00M | $-6.00M | $1.45M | $-3.73M | $-1.18M | $-1.35M | $-46.00K | $-36.00K |
| Operating Expenses | $1.89B | $1.61B | $2.74B | $2.03B | $1.13B | $786.72M | $425.26M | $223.40M | $108.68M | $36.68M |
| Cost and Expenses | $12.68B | $10.84B | $15.09B | $12.92B | $5.92B | $4.22B | $2.18B | $1.01B | $454.63M | $165.72M |
| Interest Income | $- | $- | $486.00M | $176.00M | $131.00M | $81.00M | $- | $- | $- | $- |
| Interest Expense | $651.00M | $632.00M | $486.00M | $176.00M | $131.53M | $80.61M | $25.02M | $7.66M | $3.59M | $1.41M |
| Depreciation and Amortization | $305.00M | $352.00M | $261.00M | $105.00M | $73.79M | $41.27M | $23.54M | $11.57M | $4.66M | $2.80M |
| EBITDA | $1.36B | $1.16B | $-2.15B | $-5.00M | $-257.16M | $-242.77M | $-206.19M | $-145.09M | $-84.87M | $-32.57M |
| EBITDA Ratio | 9.92% | 10.76% | -9.55% | -0.04% | -4.60% | -6.16% | -0.67% | 0.11% | -23.24% | 0.16% |
| Operating Income | $990.00M | $-72.00M | $-1.56B | $-110.00M | $-330.95M | $-284.03M | $-228.55M | $-155.31M | $-89.48M | $-35.33M |
| Operating Income Ratio | 7.24% | -0.67% | -11.47% | -0.86% | -5.92% | -7.21% | -11.69% | -18.08% | -24.50% | -27.10% |
| Total Other Income Expenses Net | $-590.00M | $247.00M | $-1.40B | $-182.00M | $-130.08M | $-84.64M | $-26.20M | $-9.01M | $-3.63M | $-1.45M |
| Income Before Tax | $400.00M | $175.00M | $-2.89B | $-286.00M | $-462.48M | $-364.64M | $-254.75M | $-164.32M | $-93.11M | $-36.78M |
| Income Before Tax Ratio | 2.93% | 1.62% | -21.27% | -2.23% | -8.28% | -9.26% | -13.03% | -19.13% | -25.50% | -28.21% |
| Income Tax Expense | $-4.00M | $25.00M | $1.00M | $1.00M | $-255.00K | $-173.10M | $-192.99M | $-146.00M | $3.54M | $-32.77M |
| Net Income | $210.00M | $450.00M | $-2.89B | $-287.00M | $-462.22M | $-191.53M | $-61.75M | $-18.31M | $-93.11M | $-4.01M |
| Net Income Ratio | 1.54% | 4.18% | -21.27% | -2.24% | -8.27% | -4.86% | -3.16% | -2.13% | -25.50% | -3.07% |
| EPS | $1.72 | $4.12 | $-28.70 | $-3.47 | $-7.11 | $-4.09 | $-2.06 | $-1.20 | $-6.21 | $-0.27 |
| EPS Diluted | $1.59 | $2.24 | $-28.70 | $-3.47 | $-7.11 | $-4.09 | $-2.06 | $-1.20 | $-6.21 | $-0.27 |
| Weighted Average Shares Outstanding | 122.34M | 109.32M | 100.83M | 82.81M | 64.98M | 46.85M | 30.04M | 15.24M | 15.00M | 15.00M |
| Weighted Average Shares Outstanding Diluted | 132.21M | 200.58M | 100.83M | 82.81M | 64.98M | 46.85M | 30.04M | 15.24M | 15.00M | 15.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.72B | $530.00M | $434.00M | $403.00M | $300.81M | $76.02M | $78.86M | $172.68M | $39.18M | $43.13M |
| Short Term Investments | $464.00M | $366.00M | $321.00M | $382.00M | $131.27M | $98.78M | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.18B | $896.00M | $434.00M | $403.00M | $300.81M | $76.02M | $78.86M | $172.68M | $39.18M | $43.13M |
| Net Receivables | $303.00M | $266.00M | $253.00M | $206.00M | $78.56M | $39.86M | $33.12M | $14.11M | $5.69M | $4.39M |
| Inventory | $1.61B | $1.15B | $1.88B | $3.15B | $1.04B | $762.70M | $412.24M | $227.45M | $185.51M | $68.04M |
| Other Current Assets | $778.00M | $1.01B | $2.03B | $1.13B | $376.35M | $480.85M | $138.63M | $75.49M | $44.86M | $3.65M |
| Total Current Assets | $4.87B | $3.32B | $4.59B | $4.89B | $1.92B | $1.36B | $662.85M | $489.72M | $275.24M | $119.22M |
| Property Plant Equipment Net | $3.21B | $3.44B | $3.78B | $1.93B | $1.06B | $666.89M | $296.84M | $148.68M | $60.59M | $16.79M |
| Goodwill | $- | $- | $- | $9.00M | $9.35M | $9.35M | $9.35M | $- | $- | $- |
| Intangible Assets | $34.00M | $52.00M | $70.00M | $4.00M | $5.64M | $7.23M | $8.87M | $- | $- | $- |
| Goodwill and Intangible Assets | $34.00M | $52.00M | $70.00M | $13.00M | $15.00M | $16.59M | $18.22M | $- | $- | $- |
| Long Term Investments | $- | $- | $1.00M | $8.00M | $3.85M | $6.34M | $1.90M | $- | $- | $- |
| Tax Assets | $- | $- | $-1.00M | $-8.00M | $-3.85M | $-6.34M | $-1.90M | $- | $- | $- |
| Other Non-Current Assets | $368.00M | $261.00M | $254.00M | $181.00M | $31.76M | $14.85M | $13.10M | $2.74M | $- | $- |
| Total Non-Current Assets | $3.62B | $3.75B | $4.10B | $2.12B | $1.11B | $698.33M | $328.16M | $151.42M | $60.59M | $16.79M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $8.48B | $7.07B | $8.70B | $7.01B | $3.03B | $2.06B | $991.01M | $641.14M | $335.83M | $136.01M |
| Account Payables | $236.00M | $231.00M | $216.00M | $141.00M | $67.00M | $54.03M | $29.14M | $12.35M | $8.09M | $21.78M |
| Short Term Debt | $309.00M | $857.00M | $1.74B | $2.21B | $108.79M | $617.57M | $208.10M | $253.92M | $1.06M | $42.30M |
| Tax Payables | $87.00M | $80.00M | $76.00M | $102.00M | $71.50M | $45.81M | $27.65M | $9.03M | $4.26M | $1.38M |
| Deferred Revenue | $- | $- | $23.00M | $34.00M | $16.88M | $6.38M | $-88.38M | $-39.76M | $- | $- |
| Other Current Liabilities | $706.00M | $368.00M | $565.00M | $442.00M | $219.84M | $147.46M | $64.62M | $30.73M | $183.00M | $5.35M |
| Total Current Liabilities | $1.34B | $1.54B | $2.59B | $2.89B | $467.14M | $864.87M | $329.51M | $306.03M | $196.42M | $70.81M |
| Long Term Debt | $414.00M | $5.85B | $7.59B | $3.93B | $1.76B | $1.12B | $438.55M | $48.47M | $4.40M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $5.36B | $70.00M | $-429.00M | $-330.00M | $1.41M | $-114.26M | $-4.47M | $7.09M | $- | $- |
| Total Non-Current Liabilities | $5.77B | $5.92B | $7.16B | $3.60B | $1.77B | $1.00B | $434.07M | $55.56M | $4.40M | $42.64M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-42.64M |
| Total Liabilities | $7.11B | $7.46B | $9.75B | $6.49B | $2.23B | $1.87B | $763.59M | $361.59M | $200.82M | $70.81M |
| Preferred Stock | $- | $- | $- | $- | $- | $0 | $- | $97.13M | $250.97M | $68.03M |
| Common Stock | $- | $- | $- | $- | $173.00K | $152.00K | $145.00K | $133.00K | $59.65M | $59.65M |
| Retained Earnings | $-1.42B | $-1.63B | $-2.08B | $-489.00M | $-354.17M | $-183.03M | $-74.65M | $-12.90M | $-175.62M | $-62.48M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $-0 | $0 | $-97.13M | $-250.97M | $-68.03M |
| Other Total Stockholders Equity | $2.68B | $1.87B | $1.56B | $795.00M | $741.60M | $280.99M | $147.92M | $138.50M | $191.32M | $- |
| Total Stockholders Equity | $1.26B | $243.00M | $-518.00M | $306.00M | $387.60M | $98.11M | $73.41M | $125.74M | $135.01M | $65.20M |
| Total Equity | $1.38B | $-384.00M | $-1.05B | $525.00M | $801.50M | $191.94M | $227.43M | $279.54M | $135.01M | $65.20M |
| Total Liabilities and Stockholders Equity | $8.48B | $7.07B | $8.70B | $7.01B | $3.03B | $2.06B | $991.01M | $641.14M | $335.83M | $136.01M |
| Minority Interest | $115.00M | $-627.00M | $-535.00M | $219.00M | $413.90M | $93.83M | $154.02M | $153.81M | $- | $- |
| Total Liabilities and Total Equity | $8.48B | $7.07B | $8.70B | $7.01B | $3.03B | $2.06B | $991.01M | $641.14M | $335.83M | $136.01M |
| Total Investments | $464.00M | $366.00M | $322.00M | $390.00M | $135.13M | $105.12M | $1.90M | $- | $- | $- |
| Total Debt | $723.00M | $6.71B | $8.82B | $5.77B | $1.87B | $1.62B | $633.45M | $302.39M | $170.77M | $42.30M |
| Net Debt | $-993.00M | $6.18B | $8.38B | $5.37B | $1.57B | $1.54B | $554.58M | $129.71M | $131.59M | $-832.00K |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $404.00M | $150.00M | $-2.89B | $-287.00M | $-462.22M | $-364.64M | $-254.75M | $-164.32M | $-93.11M | $-36.78M |
| Depreciation and Amortization | $305.00M | $352.00M | $261.00M | $105.00M | $73.79M | $41.27M | $23.54M | $11.57M | $4.66M | $2.80M |
| Deferred Income Tax | $- | $- | $- | $46.00M | $60.77M | $14.60M | $2.49M | $2.33M | $14.36M | $79.66M |
| Stock Based Compensation | $91.00M | $73.00M | $69.00M | $39.00M | $25.00M | $33.06M | $24.09M | $5.61M | $555.00K | $490.00K |
| Change in Working Capital | $- | $564.00M | $1.39B | $-2.08B | $-232.94M | $-291.46M | $-146.83M | $-33.18M | $-129.75M | $-19.61M |
| Accounts Receivables | $-47.00M | $-22.00M | $145.00M | $-148.00M | $-42.99M | $-9.74M | $-19.21M | $-8.71M | $-3.49M | $-2.71M |
| Inventory | $-455.00M | $711.00M | $1.35B | $-2.09B | $-263.32M | $-344.86M | $-183.07M | $-40.84M | $-117.47M | $-41.67M |
| Accounts Payables | $260.00M | $-166.00M | $-46.00M | $247.00M | $67.37M | $97.91M | $68.55M | $16.90M | $-1.63M | $25.56M |
| Other Working Capital | $- | $41.00M | $-60.00M | $-95.00M | $6.01M | $-34.77M | $-13.10M | $-531.00K | $-7.16M | $-789.00K |
| Other Non Cash Items | $118.00M | $-336.00M | $-153.00M | $-415.00M | $-72.91M | $-189.96M | $-62.89M | $-21.94M | $-36.94M | $-80.07M |
| Net Cash Provided by Operating Activities | $918.00M | $803.00M | $-1.32B | $-2.59B | $-608.41M | $-757.13M | $-414.34M | $-199.92M | $-240.22M | $-53.51M |
| Investments in Property Plant and Equipment | $-91.00M | $-87.00M | $-512.00M | $-557.00M | $-360.00M | $-230.54M | $-143.67M | $-78.49M | $-39.54M | $-13.95M |
| Acquisitions Net | $- | $-7.00M | $-2.20B | $-56.00M | $- | $- | $-6.67M | $- | $- | $- |
| Purchases of Investments | $- | $- | $-81.00M | $-126.00M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $81.00M | $56.00M | $13.88M | $- | $- | $- | $- | $- |
| Other Investing Activities | $78.00M | $125.00M | $125.00M | $56.00M | $199.00K | $2.80M | $- | $-4.18M | $-8.15M | $-2.12M |
| Net Cash Used for Investing Activities | $-13.00M | $31.00M | $-2.58B | $-627.00M | $-345.93M | $-227.74M | $-150.34M | $-82.67M | $-47.69M | $-16.07M |
| Debt Repayment | $-987.00M | $-1.24B | $2.68B | $3.59B | $123.78M | $721.15M | $311.71M | $113.92M | $122.73M | $74.93M |
| Common Stock Issued | $1.26B | $453.00M | $1.23B | $- | $1.06B | $297.00M | $172.29M | $206.20M | $- | $64.53M |
| Common Stock Repurchased | $- | $- | $- | $-40.00M | $- | $- | $- | $- | $-398.00K | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $-4.62M | $- | $- | $-33.53M |
| Other Financing Activities | $-16.00M | $-84.00M | $-4.00M | $-62.00M | $-17.79M | $-3.52M | $-13.12M | $95.97M | $161.64M | $64.85M |
| Net Cash Used Provided by Financing Activities | $261.00M | $-868.00M | $3.90B | $3.53B | $1.16B | $1.01B | $466.26M | $416.09M | $283.96M | $105.78M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $1.17B | $-34.00M | $-8.00M | $307.00M | $210.65M | $29.75M | $-98.41M | $133.50M | $-3.95M | $36.20M |
| Cash at End of Period | $1.76B | $594.00M | $628.00M | $636.00M | $329.11M | $118.46M | $88.71M | $172.68M | $39.18M | $43.13M |
| Cash at Beginning of Period | $594.00M | $628.00M | $636.00M | $329.00M | $118.46M | $88.71M | $187.12M | $39.18M | $43.13M | $6.93M |
| Operating Cash Flow | $918.00M | $803.00M | $-1.32B | $-2.59B | $-608.41M | $-757.13M | $-414.34M | $-199.92M | $-240.22M | $-53.51M |
| Capital Expenditure | $-91.00M | $-87.00M | $-512.00M | $-557.00M | $-360.00M | $-230.54M | $-143.67M | $-78.49M | $-39.54M | $-13.95M |
| Free Cash Flow | $827.00M | $716.00M | $-1.84B | $-3.15B | $-968.41M | $-987.67M | $-558.01M | $-278.41M | $-279.76M | $-67.46M |