Carvana Co. (CVNA)

Carvana Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	10,771	13,604	12,814	5,587	3,940
Revenue Growth (YoY)	-20.82%	6.17%	129.35%	41.80%	101.49%
Cost of Revenue	9,047	12,358	10,885	4,793	3,433
Gross Profit	1,724	1,246	1,929	794	507
Selling, General & Admin	1,796	2,736	2,033	1,126	787
Other Operating Expenses	0	847	0	0	0
Operating Expenses	1,796	3,583	2,033	1,126	787
Operating Income	-72	-2,337	-104	-332	-280
Interest Expense / Income	632	486	176	131	81
Other Expense / Income	-1,179	-1,237	-146	-292	-246
Pretax Income	475	-1,586	-134	-171	-115
Income Tax	25	1	1	0	0
Net Income	450	-1,587	-135	-171	-115
Shares Outstanding (Basic)	109	101	83	172	152
Shares Outstanding (Diluted)	201	101	83	-	-
Shares Change	98.93%	21.77%	-51.80%	13.34%	5.20%
EPS (Basic)	4.12	-15.74	-1.63	-2.63	-2.45
EPS (Diluted)	0.75	-15.74	-1.63	-2.63	-2.45
Free Cash Flow	788	-1,792	-3,151	-968	-988
Free Cash Flow Per Share	7.21	-17.77	-38.05	-5.63	-6.52
Gross Margin	16.01%	9.16%	15.05%	14.21%	12.87%
Operating Margin	-0.67%	-17.18%	-0.81%	-5.94%	-7.11%
Profit Margin	4.18%	-11.67%	-1.05%	-3.06%	-2.92%
Free Cash Flow Margin	7.32%	-13.17%	-24.59%	-17.33%	-25.08%
Effective Tax Rate	5.26%	-	-	-	-
EBITDA	1,459	-839	147	34	7
EBITDA Margin	13.55%	-6.17%	1.15%	0.61%	0.18%
Depreciation & Amortization	352	261	105	74	41
EBIT	1,107	-1,100	42	-40	-34
EBIT Margin	10.28%	-8.09%	0.33%	-0.72%	-0.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).