# CARVANA CO. (CVNA) FY2024 Annual Statement of Cash Flows - Company: CARVANA CO. (CVNA) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-19, accession number 0001690820-25-000074 - Page: https://plicit.ai/financials/cvna/fy2024-annual-cash-flow - Chart image: https://plicit.ai/charts/cvna-fy2024-annual-cash-flow-sankey.png ## Chart details Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it. - **Beginning cash on Dec 31, 2023**: 594,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash - **Operating activities**: 918,000,000 US dollars. Net cash provided. - **Other liabilities**: 45,000,000 US dollars - **Other assets**: 15,000,000 US dollars - **Accounts payable and accrued liabilities**: 260,000,000 US dollars - **Accounts receivable**: negative 47,000,000 US dollars - **Net income (loss)**: 404,000,000 US dollars - **Principal payments received on finance receivables held for sale**: 188,000,000 US dollars - **Loss (Gain) on debt extinguishment**: 12,000,000 US dollars - **Operating lease right-of-use assets**: 15,000,000 US dollars - **Unrealized (gain) loss on warrants to acquire Root Class A common stock**: negative 115,000,000 US dollars - **Goodwill impairment**: 0 US dollars - **Proceeds from sale of finance receivables, net**: 8,805,000,000 US dollars - **Gain on loan sales**: negative 755,000,000 US dollars - **Loss on disposal of property and equipment**: 12,000,000 US dollars - **Unrealized gain on beneficial interests in securitizations**: negative 23,000,000 US dollars - **Depreciation and amortization expense**: 305,000,000 US dollars - **Operating lease liabilities**: negative 10,000,000 US dollars - **Vehicle inventory**: negative 455,000,000 US dollars - **Provision for bad debt and valuation allowance**: 27,000,000 US dollars - **Equity-based compensation expense**: 91,000,000 US dollars - **Originations of finance receivables**: negative 8,329,000,000 US dollars - **Payment-in-kind interest expense**: 458,000,000 US dollars - **Amortization of debt issuance costs**: 15,000,000 US dollars - **Investing activities**: negative 13,000,000 US dollars. Net cash used. - **Proceeds from disposal of property and equipment**: 11,000,000 US dollars - **Principal payments received on and proceeds from sale of beneficial interests**: 67,000,000 US dollars - **Payments for acquisitions, net of cash acquired**: 0 US dollars - **Purchases of property and equipment**: negative 91,000,000 US dollars - **Financing activities**: 261,000,000 US dollars. Net cash provided. - **Proceeds from short-term revolving facilities**: 3,096,000,000 US dollars - **Payments on short-term revolving facilities**: negative 3,697,000,000 US dollars - **Proceeds from issuance of long-term debt**: 191,000,000 US dollars - **Payments on long-term debt**: negative 577,000,000 US dollars - **Payments of debt issuance costs**: negative 4,000,000 US dollars - **Net proceeds from issuance of Class A common stock and LLC Units**: 1,264,000,000 US dollars - **Proceeds from equity-based compensation plans**: 7,000,000 US dollars - **Tax withholdings related to restricted stock units and awards**: negative 19,000,000 US dollars - **Operating adjustment reconciliation**: 10,248,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use. - **financing gross reconciliation**: 4,558,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use. - **investing gross reconciliation**: 91,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use. - **Exchange-rate effect**: 0 US dollars - **Ending cash on Dec 31, 2024**: 1,760,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash - **Cash sources and uses**: 1,773,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash. - **Net cash change**: 1,166,000,000 US dollars. Ending cash minus beginning cash. - **Cash flow / Net income**: 2.27×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio. - **Operating cash flow**: 918,000,000 US dollars. Operating cash flow used in the free cash flow calculation. - **Cash purchases of property, plant and equipment**: 91,000,000 US dollars. These cash purchases are already included in investing activities above. - **Free cash flow**: 827,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition. ### Chart connections - Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash. - Financing contributions meet at a reconciliation junction before connecting to the net cash total. - Investing contributions meet at a reconciliation junction before connecting to the net cash total. - Operating reconciliation adjustments are not all independent cash receipts. - Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $514.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts. - Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment. - The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows. - Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 918,000,000 US dollars minus 91,000,000 US dollars equals 827,000,000 US dollars.