Carvana co. (CVNA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Jun'16
Sales and operating revenues:
Net sales and operating revenues

1,098,216

1,103,587

1,094,854

986,221

755,234

584,838

534,921

475,286

360,422

265,053

225,379

209,365

159,073

98,844

86,526

Cost of sales, including $842 and $1,273, respectively, to related parties

959,794

961,041

957,311

848,428

666,702

528,704

477,615

426,251

326,188

243,163

204,963

193,326

149,327

92,078

80,489

Gross profit

138,422

142,546

137,543

137,793

88,532

56,134

57,306

49,035

34,234

21,890

20,416

16,039

9,746

6,766

6,037

Selling, general and administrative expenses, including $4,426 and $2,735, respectively, to related parties

275,711

241,663

207,970

181,843

155,241

130,652

115,768

95,652

83,186

66,805

58,676

52,011

45,908

27,995

23,344

Interest expense, including $333 to related parties

28,862

24,653

20,990

19,315

15,648

11,663

5,649

4,165

3,541

2,255

838

2,507

2,059

725

796

Other expense, net

-17,406

-1,970

-827

-694

-239

-223

-308

-468

-179

-68

-671

-391

-218

-31

-5

Net loss before income taxes

-183,557

-125,740

-92,244

-64,059

-82,596

-86,404

-64,419

-51,250

-52,672

-47,238

-39,769

-38,870

-38,439

-21,985

-18,108

Income tax provision

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Net loss

-183,557

-125,701

-92,244

-64,059

-82,596

-86,359

-64,419

-51,250

-52,672

-47,222

-39,769

-38,870

-38,439

-21,985

-18,108

Net loss attributable to non-controlling interests

-123,670

-99,823

-53,227

-37,449

-59,481

-63,978

-48,377

-41,285

-45,629

-90,414

-35,389

24,328

0

0

0

Net loss attributable to Carvana Co.

-59,887

-25,917

-39,017

-26,610

-23,115

-22,426

-16,042

-9,965

-7,043

-5,480

-4,380

-14,542

-38,439

-21,985

-18,108

Dividends on Class A convertible preferred stock

-

-

0

0

-

256

1,230

1,375

1,345

413

0

0

0

-

-

Accretion of beneficial conversion feature on Class A convertible preferred stock

-

-

0

0

-

0

0

0

1,380

1,237

0

0

0

-

-

Net loss attributable to Class A common stockholders

-

-

-39,017

-26,610

-

-22,682

-17,272

-11,340

-9,768

-7,130

-4,380

-14,542

-38,439

-

-

Used vehicle sales, net
Net sales and operating revenues

964,279

949,971

931,016

855,785

683,829

526,798

486,269

437,922

334,056

246,473

208,113

193,947

148,382

92,115

80,488

Wholesale vehicle sales
Net sales and operating revenues

79,606

79,112

92,430

63,014

33,030

25,389

21,440

16,622

10,133

7,511

7,459

7,818

5,726

2,870

2,475

Other sales and revenues
Net sales and operating revenues

54,331

74,504

71,408

67,422

38,375

32,651

27,212

20,742

16,233

11,069

9,807

7,600

4,965

3,859

3,563

Related Party
Net sales and operating revenues

20,562

-

-

-

10,573

-

-

-

-

-

-

-

-

-

-

Cost of sales, including $842 and $1,273, respectively, to related parties

842

-

997

1,217

1,273

-

1,286

1,210

-

-

-

-

-

-

-

Selling, general and administrative expenses, including $4,426 and $2,735, respectively, to related parties

4,426

-

4,264

2,885

2,735

-

2,085

2,115

-

-

-

-

-

-

-

Interest expense, including $333 to related parties

333

-

332

333

333

-

0

0

-

-

-

-

-

-

-

Class A Common Stock
Net loss per share of Class A common stock, basic and diluted (in dollars per share)

-1.19

-0.53

-0.78

-0.58

-0.56

-0.59

-0.50

-0.41

-0.53

-0.46

-0.29

-0.28

-0.28

-

-

Weighted-average shares of Class A common stock, basic and diluted (in shares)

50,399

50,211

49,787

46,038

41,352

39,391

34,655

27,780

18,346

15,893

15,045

15,026

15,000

-

-