CARVANA CO. (CVNA) FY2024 Annual P&L / Income Statement

CARVANA CO. (CVNA) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales and operating revenues

13,673,000,000 US dollars

Cost of sales, including $6, $4, and $22, respectively, to related parties

10,797,000,000 US dollars

Gross profit

2,876,000,000 US dollars

Operating costs, including other operating expenses (calculated)

1,886,000,000 US dollars

Operating income (loss)

990,000,000 US dollars

Other income (expense), net (calculated)

negative 590,000,000 US dollars

Net income (loss) before income taxes

400,000,000 US dollars

Income tax (benefit) provision

negative 4,000,000 US dollars

Net income (loss)

404,000,000 US dollars

Retail vehicle sales, net

9,681,000,000 US dollars

Wholesale sales and revenues

2,841,000,000 US dollars

Other sales and revenues

1,151,000,000 US dollars

Selling, general and administrative expenses, including $31, $33, and $33, respectively, to related parties

1,874,000,000 US dollars

Goodwill impairment

0 US dollars

Other operating expense, net

12,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to CARVANA CO.: $210.00 M; to noncontrolling interests: $194.00 M.