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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

CARVANA CO. (CVNA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-05-18Dec-31-17Dec-05-17
   10-K10-K10-K10-K10-K8-K10-K8-K
Revenues  13,604.012,814.05,587.03,940.01,955.51,955.5858.9 
            Revenue growth  6.2%129.4%41.8%101.5%127.7% 135.2% 
Cost of goods sold  12,358.010,885.04,793.03,433.01,758.81,758.8790.8 
Gross profit  1,246.01,929.0794.0507.0196.7196.768.1 
            Gross margin  9.2%15.1%14.2%12.9%10.1%10.1%7.9% 
Selling, general and administrative  2,736.02,033.01,126.0787.0425.3425.3223.4 
Other operating expenses       1.2  
EBITDA   [+]-1,229.01.0-258.0-239.0-205.0-206.2-143.7 
            EBITDA margin  -9.0%0.0%-4.6%-6.1%-10.5%-10.5%-16.7% 
Depreciation  245.0103.072.039.022.423.511.6 
EBITA  -1,474.0-102.0-330.0-278.0-227.4-229.7-155.3 
            EBITA margin  -10.8%-0.8%-5.9%-7.1%-11.6%-11.7%-18.1% 
Amortization of intangibles  16.02.02.02.01.1   
EBIT   [+]-1,490.0-104.0-332.0-280.0-228.5-229.7-155.3 
            EBIT margin  -11.0%-0.8%-5.9%-7.1%-11.7%-11.7%-18.1% 
Non-recurring items   [+]847.0       
Interest expense  486.0176.0131.081.025.0 7.7 
Other income (expense), net  -70.0-6.01.0-4.0-1.2-25.0-1.3 
Pre-tax income  -2,893.0-286.0-462.0-365.0-254.7-254.7-164.3 
Income taxes  1.01.00.00.00.00.00.0 
            Tax rate    0.0%0.0%0.0%0.0%0.0% 
Minority interest  -1,307.0-152.0-291.0-250.0-199.3-199.3-101.5 
Net income  -1,587.0-135.0-171.0-115.0-61.1-61.1-64.5 
            Net margin  -11.7%-1.1%-3.1%-2.9%-3.1%-3.1%-7.5% 
   
Basic EPS   [+]($15.74)($1.63)($2.63)($2.45)($2.03)($275,963.62)($4.23) 
Diluted EPS   [+]($15.74)($1.63)($2.63)($2.45)($2.03)($254,745.00)($4.23) 
   
   
Shares outstanding (basic)   [+]100.882.865.046.830.00.015.2 
Shares outstanding (diluted)   [+]100.882.865.046.830.00.015.2 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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