Carvana (CVNA) FY2021 results: revenue $12.8 billion, up 129.4% on the year
Carvana Co. (CVNA) reported revenue of $12.8 billion for fiscal 2021, the year ended 31 December 2021, up 129.4% on the year before. Net income was -$135 million, and diluted earnings per share $-0.33. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$12.8 billion
+129.4% on the year
FY2015FY2021
Operating margin
n/a
FY2015FY2021
Net income
-$135 million
FY2015FY2021
Diluted EPS
-$0.33
FY2015FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-2,594
-608
-757
Capital expenditure
557
360
231
+54.8%
Free cash flow
-3,151
-968
-988
Free cash flow margin
-24.6%
-17.3%
-25.1%
Cash from investing
-627
-346
-228
Cash from financing
3,528
1,165
1,015
+202.8%
Share-based compensation
39.0
25.0
33.1
+56.0%
Diluted shares, weighted
414m
325m
234m
+27.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
306
388
98.1
-21.1%
Non-controlling interest
219
414
93.8
-47.1%
Debt
5,413
1,722
1,501
+214.3%
Operating lease liabilities
361
148
116
+143.9%
Other liabilities
716
363
249
+97.2%
Total liabilities and equity
7,015
3,035
2,058
+131.2%
Goodwill
9.0
9.0
9.4
0.0%
Intangible assets
4.0
6.0
7.2
-33.3%
Securities held for sale or to maturity
382
131
98.8
+191.6%
Cash and equivalents
403
301
76.0
+34.0%
Receivables
206
79.0
39.9
+160.8%
Inventory
3,149
1,036
763
+203.9%
Other assets
2,862
1,472
1,064
+94.4%
Total assets
7,015
3,035
2,058
+131.2%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.