Company name:

Carvana Co

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    April 28, 2017
  • TICKER:
    CVNA
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    1930 W Rio Salado Parkway Tempe Arizona 85281
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Carvana Co

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
78.4% - Proceeds from sale of finance receivables
2.0% - Accounts payable and accrued liabilities
1.9% - Principal payments received on finance receivables held for sale
1.6% - Depreciation and amortization
0.8% - Operating lease liabilities
0.7% - (Gain) loss on repayment of debt
0.5% - Stock-based compensation
0.5% - Provision for (recovery of) bad debt expense
0.2% - Amortization and write-off of debt issuance costs and bond premium
0.1% - (Gain) loss on sale of property and equipment
SOURCEs
13.1% 78.4%
100 %
0%
USES
77.3% 5.7% 4.7% 10.0%
77.3% - Originations of finance receivables
10.0% - Net income (loss)
5.7% - Vehicle inventory
4.7% - Gain on loan sales
0.9% - Accounts receivable
0.7% - Operating lease right-of-use assets
0.6% - Other assets
0.2% - Unrealized gain or loss on beneficial interest in securitization
0.0% - Other liabilities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 ($254,745) ($364,639) ($462,222) ($462,222) ($618,476)
Depreciation and amortization
$45,679
$45,679
$45,679
 23,539 41,265 73,791 73,791 86,860
Amortization and write-off of debt issuance costs
$45,679
$45,679
-
 - - - - -
Amortization and write-off of debt issuance costs and bond premium Amortization and write-off of debt issuance costs and bond premium
-
-
$45,679
 2,305 5,541 7,959 7,959 8,856
Stock-based compensation
$45,679
$45,679
$45,679
 24,095 33,063 25,088 25,088 28,308
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
 1,917 11,922 20,962 20,962 40,840
(Gain) loss on sale of property and equipment
$45,679
$45,679
$45,679
 575 1,714 6,130 6,130 1,688
Gain on loan sales
$45,679
$45,679
$45,679
 (51,729) (137,301) (217,643) (217,643) (354,408)
(Gain) loss on repayment of debt
-
-
-
 - - 33,683 33,683 134,732
Unrealized gain or loss on beneficial interest in securitization Unrealized gain or loss on beneficial interest in securitization
-
-
$45,679
 - 964 (8,823) (8,823) (19,208)
Originations of finance receivables
$45,679
$45,679
$45,679
 (1,259,539) (2,625,351) (3,579,156) (3,579,156) (4,345,660)
Principal payments received on finance receivables held for sale Principal payments received on finance receivables held for sale
-
-
$45,679
 - 85,017 90,235 90,235 120,488
Proceeds from sale of finance receivables
$45,679
$45,679
$45,679
 1,633,519 2,643,912 3,634,520 3,634,520 4,622,356
Proceeds from sale of finance receivables to related party Proceeds from sale of finance receivables to related party
$45,679
$45,679
-
 - - - - -
Purchase of finance receivables
-
$45,679
$45,679
 (387,445) (161,781) - - -
Purchase of finance receivables from related party
$45,679
$45,679
-
 - - - - -
Accounts receivable
$45,679
$45,679
$45,679
 (19,212) (9,741) (42,995) (42,995) 10,320
Operating lease right-of-use assets
-
-
$45,679
 - (46,928) (32,044) (32,044) (55,228)
Vehicle inventory
$45,679
$45,679
$45,679
 (183,068) (344,861) (263,321) (263,321) (261,436)
Other assets
$45,679
$45,679
$45,679
 (12,249) (32,619) (26,415) (26,415) (34,688)
Accounts payable to related parties
$45,679
$45,679
-
 - - - - -
Accounts payable and accrued liabilities
$45,679
$45,679
$45,679
 68,550 97,912 94,179 94,179 (73,264)
Operating lease liabilities
-
-
$45,679
 - 45,195 38,057 38,057 61,432
Other liabilities
$45,679
$45,679
$45,679
 (853) (418) (397) (397) (344)
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 ($414,340) ($757,134) ($608,412) ($608,412) ($646,832)
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
3.9% - Principal payments received on beneficial interests in securitizations
SOURCEs
96.1% 3.9%
100 %
0%
USES
100.0%
100.0% - (Purchase) sale of property and equipment including from related parties
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
$45,679
-
-
 - - - - -
Principal payments received on beneficial interests in securitizations Principal payments received on beneficial interests in securitizations
-
-
$45,679
 - 2,799 13,875 13,875 20,372
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
 (143,668) (230,538) - - -
(Purchase) sale of property and equipment including from related parties (Purchase) sale of property and equipment including from related parties
-
-
-
 (143,668) (230,538) (359,801) (359,801) (1,439,204)
Acquisition of business net of cash
-
$45,679
$45,679
 (6,670) - - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($150,338) ($227,739) ($345,926) ($345,926) ($336,888)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
64.9% - Borrowing under Revolving Credit Facility
19.6% - Issuance of long-term debt including from related parties
15.5% - Issuance of common stock - Class A
0.1% - Issuance of common stock from exercise of stock options
SOURCEs
64.9% 15.5% 19.6%
100 %
0%
USES
17.1% 72.6% 9.6%
72.6% - Repayment of Revolving Credit Facility
9.6% - Repayment of long-term borrowing
0.4% - Debt issuance costs
0.3% - Employee withholding taxes paid upon settlement of restricted stock units
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
-
 - - - - -
Issuance of common stock - Class A
-
$45,679
$45,679
 172,287 297,611 1,058,940 1,058,940 -
Proceeds from issuance of Class C redeemable preferred units Proceeds from issuance of Class C redeemable preferred units
$45,679
$45,679
-
 - - - - -
Issuance of convertible preferred stock - Class A
$45,679
$45,679
$45,679
 (12) - - - -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
-
-
-
 795 1,696 5,419 5,419 2,048
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
$45,679
$45,679
 795 1,696 - - -
Redeemable preferred units issuance costs - Class C
$45,679
$45,679
-
 - - - - -
Borrowing under Revolving Credit Facility
-
-
$45,679
 1,848,051 4,485,917 4,429,185 4,429,185 4,013,720
Repayment of Revolving Credit Facility
-
-
$45,679
 (1,899,880) (4,219,415) (4,958,205) (4,958,205) (4,362,364)
Borrowing under Verde Revolving Credit Facility
$45,679
-
$45,679
 - - - - -
Repayment of Verde Revolving Credit Facility
$45,679
-
$45,679
 - - - - -
Payments on floor plan facility
$45,679
$45,679
-
 - - - - -
Proceeds from floor plan facility
$45,679
$45,679
-
 - - - - -
Issuance of Senior Unsecured Notes
-
$45,679
-
 - - - - -
Borrowing under notes payable to related party
$45,679
-
-
 - - - - -
Repayment of notes payable to related party
$45,679
-
-
 - - - - -
Long-term borrowing
$45,679
$45,679
$45,679
 399,063 481,772 - - -
Issuance of long-term debt including from related parties Issuance of long-term debt including from related parties
-
-
-
 399,063 481,772 1,335,779 1,335,779 5,343,116
Repayment of long-term borrowing
$45,679
$45,679
$45,679
 (35,522) (15,683) (653,589) (653,589) (2,540,700)
Debt issuance costs
$45,679
$45,679
$45,679
 (11,390) (11,445) (29,394) (29,394) (70,656)
Employee withholding taxes paid upon settlement of restricted stock units Employee withholding taxes paid upon settlement of restricted stock units
$45,679
$45,679
$45,679
 (2,509) (5,830) (23,145) (23,145) (58,104)
Dividends paid
$45,679
$45,679
-
 - - - - -
Dividends on convertible preferred stock - Class A
-
-
-
 (4,619) - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 $466,264 $1,014,623 $1,164,990 $1,164,990 $1,514,872
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$210,652,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $187,123 $88,709 $118,459 - $785,292
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 (98,414) 29,750 210,652 - 531,152
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $88,709 $118,459 $329,111 - $1,316,444