Below are the financial statements of Carvana, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales and operating revenues | — | — | — |
| Retail vehicle sales, net | 9,681a | 7,514a | 10,254a |
| Wholesale sales and revenues, including $28, $19, and $32 respectively, from related parties | 2,841a | 2,504a | 2,609a |
| Other sales and revenues, including $200, $145, and $176, respectively, from related parties | 1,151a | 753a | 741a |
| Net sales and operating revenues | 13,673a | 10,771a | 13,604a |
| Cost of sales, including $6, $4, and $22, respectively, to related parties | -10,797a | -9,047a | -12,358a |
| Gross profit | 2,876a | 1,724a | 1,246a |
| Selling, general and administrative expenses, including $31, $33, and $33, respectively, to related parties | -1,874a | -1,796a | -2,736a |
| Goodwill impairment | 0a | 0a | -847a |
| Other operating expense, net | -12a | -8a | -14a |
| Operating income (loss) | 990a | -80a | -2,351a |
| Interest expense | -651a | -632a | -486a |
| Loss (gain) on debt extinguishment | 12a | -878a | 0a |
| Other (income) expense, net | -73a | -9a | 56a |
| Net income (loss) before income taxes | 400a | 175a | -2,893a |
| Income tax (benefit) provision | -4a | 25a | 1a |
| Net income (loss) | 404a | 150a | -2,894a |
| Net income (loss) attributable to non-controlling interests | 194a | -300a | -1,307a |
| Net income (loss) attributable to Carvana Co. | 210a | 450a | -1,587a |
| Net income (loss) attributable to Class A common stockholders | 210a | 450a | -1,587a |
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