CarMax Inc (KMX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
12800 TUCKAHOE CREEK PARKWAY RICHMOND, VA 23238 |
| State of Incorp. | VA |
| Fiscal Year End | February 29 |
| Industry (SIC) | 55 - Automotive Dealers And Gasoline Service Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 5/31/2024 MRQ | 2/29/2024 | 11/30/2023 MRQ | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 484 | 605 | 230 | 103 | 47 | 58 | |||
| Cash and cash equivalents | 574 | 605 | 315 | 103 | 132 | 58 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (90) | (85) | (85) | ||||||
| Restricted cash and investments | 507 | 484 | 471 | 548 | 496 | 481 | |||
| Receivables | 221 | 212 | 299 | 561 | 239 | 191 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,678 | 3,639 | 3,726 | 5,125 | 3,157 | 2,846 | |||
| Inventory | 3,678 | 3,639 | 3,726 | 5,125 | 3,157 | 2,846 | |||
| Other current assets | 247 | 170 | 231 | 213 | 92 | 87 | |||
| Other undisclosed current assets | 90 | 85 | 85 | ||||||
| Total current assets: | 5,227 | 5,110 | 5,041 | 6,549 | 4,117 | 3,664 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 175 | 179 | 145 | 127 | 110 | 75 | |||
| Operating lease, right-of-use asset | 521 | 533 | 546 | 537 | 432 | 449 | |||
| Property, plant and equipment | 3,666 | 3,624 | 3,431 | 3,209 | 3,056 | 3,069 | |||
| Long-term investments and receivables | 947 | 1,017 | 838 | 630 | |||||
| Accounts and financing receivable, after allowance for credit loss | 947 | 1,017 | 838 | 630 | |||||
| Intangible assets, net (including goodwill) | 317 | 141 | 332 | 348 | |||||
| Goodwill | 141 | 141 | 141 | 141 | |||||
| Intangible assets, net (excluding goodwill) | 176 | 191 | 206 | ||||||
| Regulated entity, other noncurrent assets | 26 | 25 | 28 | 27 | 26 | 25 | |||
| Restricted cash and investments | 170 | 171 | 165 | 153 | 143 | 117 | |||
| Deferred income tax assets | 99 | 121 | 81 | 121 | 164 | 90 | |||
| Other noncurrent assets | 532 | 562 | 601 | 491 | 283 | 259 | |||
| Other undisclosed noncurrent assets | 15,519 | 15,689 | 14,975 | 14,146 | 13,211 | 13,334 | |||
| Total noncurrent assets: | 21,970 | 22,063 | 21,141 | 19,789 | 17,425 | 17,418 | |||
| TOTAL ASSETS: | 27,197 | 27,173 | 26,183 | 26,338 | 21,542 | 21,082 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,458 | 1,257 | 1,306 | 1,471 | 1,215 | 1,070 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 0 | 1 | |||
| Accounts payable | 934 | 763 | 827 | 938 | 799 | 737 | |||
| Accrued liabilities | 524 | 494 | 479 | 533 | 415 | 332 | |||
| Debt | 797 | 759 | 579 | 0 | |||||
| Other undisclosed current liabilities | 57 | 67 | 53 | 576 | 484 | 464 | |||
| Total current liabilities: | 2,312 | 2,083 | 1,938 | 2,047 | 1,699 | 1,535 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,801 | 1,808 | 2,074 | 3,924 | 1,866 | 2,299 | |||
| Long-term debt, excluding current maturities | 1,602 | 1,606 | 1,909 | 3,255 | 1,322 | 1,779 | |||
| Finance lease, liability | 199 | 202 | 165 | 145 | 120 | 79 | |||
| Liabilities, other than long-term debt | 865 | 882 | 884 | 426 | 532 | 535 | |||
| Liability, pension and other postretirement and postemployment benefits | 14 | 28 | 69 | 98 | 141 | ||||
| Other liabilities | 355 | 373 | 332 | 357 | 435 | 394 | |||
| Operating lease, liability | 496 | 509 | 524 | 523 | 424 | 441 | |||
| Other undisclosed noncurrent liabilities | 16,145 | 16,356 | 15,673 | 14,706 | 13,080 | 12,945 | |||
| Total noncurrent liabilities: | 18,811 | 19,046 | 18,631 | 19,055 | 15,478 | 15,779 | |||
| Total liabilities: | 21,123 | 21,129 | 20,570 | 21,103 | 17,177 | 17,313 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,074 | 6,044 | 5,613 | 5,235 | 4,365 | 3,769 | |||
| Common stock | 79 | 79 | 79 | 81 | 82 | 82 | |||
| Additional paid in capital | 1,809 | 1,787 | 1,713 | 1,677 | 1,514 | 1,349 | |||
| Accumulated other comprehensive income (loss) | 59 | 61 | 98 | (46) | (119) | (150) | |||
| Retained earnings | 4,127 | 4,118 | 3,723 | 3,524 | 2,888 | 2,488 | |||
| Total equity: | 6,074 | 6,044 | 5,613 | 5,235 | 4,365 | 3,769 | |||
| TOTAL LIABILITIES AND EQUITY: | 27,197 | 27,173 | 26,183 | 26,338 | 21,542 | 21,082 | |||
Income Statement (P&L) ($ in millions)
| 5/31/2024 TTM | 2/29/2024 | 11/30/2023 TTM | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,536 | 26,381 | 29,685 | 31,900 | 18,950 | 20,320 | ||
| Cost of revenue | (23,823) | (24,030) | (26,885) | (28,613) | (16,571) | (17,598) | ||
| Gross profit: | 2,713 | 2,351 | 2,800 | 3,288 | 2,379 | 2,722 | ||
| Operating expenses | (2,612) | (2,824) | (2,793) | (2,586) | (1,955) | (2,002) | ||
| Operating income (loss): | 102 | (473) | 7 | 702 | 424 | 720 | ||
| Nonoperating income (expense) | (10) | (40) | (9) | (35) | 8 | 6 | ||
| Other nonoperating expense | (2) | |||||||
| Interest and debt expense | (125) | (146) | (120) | (94) | (86) | (83) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 675 | 581 | 759 | 919 | 619 | 518 | ||
| Income (loss) from continuing operations before income taxes: | 642 | (78) | 637 | 1,492 | 965 | 1,161 | ||
| Income tax expense (benefit) | (162) | 0 | (152) | (341) | (218) | (273) | ||
| Income (loss) from continuing operations: | 479 | (78) | 485 | 1,151 | 747 | 888 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,151 | 747 | 888 | |
| Net income (loss) available to common stockholders, diluted: | 479 | (78) | 485 | 1,151 | 747 | 888 | ||
Comprehensive Income ($ in millions)
| 5/31/2024 TTM | 2/29/2024 | 11/30/2023 TTM | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 479 | (78) | 485 | 1,151 | 747 | 888 | ||
| Other comprehensive income (loss) | (39) | 89 | 144 | 72 | 31 | (82) | ||
| Comprehensive income, net of tax, attributable to parent: | 441 | 11 | 629 | 1,224 | 778 | 806 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.