CarMax Inc (KMX) Financial Statements (2025 and earlier)

Company Profile

Business Address 12800 TUCKAHOE CREEK PARKWAY
RICHMOND, VA 23238
State of Incorp. VA
Fiscal Year End February 28
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)

2/28/2025
11/30/2024
MRQ
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2724842301034758
Cash and cash equivalent27257431510313258
Other undisclosed cash, cash equivalents, and short-term investments (90)(85) (85) 
Restricted cash and investments541507471548496481
Receivables214221299561239191
Inventory, net of allowances, customer advances and progress billings3,6653,6783,7265,1253,1572,846
Inventory3,6653,6783,7265,1253,1572,846
Other current assets1272472312139287
Other undisclosed current assets 9085 85 
Total current assets:4,8195,2275,0416,5494,1173,664
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization16317514512711075
Operating lease, right-of-use asset505521546537432449
Property, plant and equipment3,7993,6663,4313,2093,0563,069
Long-term investments and receivables870947838630  
Accounts and financing receivable, after allowance for credit loss870947838630  
Intangible assets, net (including goodwill)141317332348  
Goodwill141141141141  
Intangible assets, net (excluding goodwill) 176191206  
Regulated entity, other noncurrent assets272628272625
Restricted cash and investments163170165153143117
Deferred income tax assets133998112116490
Other noncurrent assets487532601491283259
Other undisclosed noncurrent assets16,19015,51914,97514,14613,21113,334
Total noncurrent assets:22,47821,97021,14119,78917,42517,418
TOTAL ASSETS:27,29727,19726,18326,33821,54221,082
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4421,4581,3061,4711,2151,070
Taxes payable 01
Accounts payable986934827938799737
Accrued liabilities457524479533415332
Debt525797579  0
Other undisclosed current liabilities1305753576484464
Total current liabilities:2,0972,3121,9382,0471,6991,535
Noncurrent Liabilities
Long-term debt and lease obligation1,7801,8012,0743,9241,8662,299
Long-term debt, excluding current maturities1,5891,6021,9093,2551,3221,779
Finance lease, liability19119916514512079
Liabilities, other than long-term debt839865884426532535
Liability, pension and other postretirement and postemployment benefits 14286998141
Other liabilities358355332357435394
Operating lease, liability481496524523424441
Other undisclosed noncurrent liabilities16,36916,14515,67314,70613,08012,945
Total noncurrent liabilities:18,98918,81118,63119,05515,47815,779
Total liabilities:21,08621,12320,57021,10317,17717,313
Equity
Equity, attributable to parent6,2116,0745,6135,2354,3653,769
Common stock777979818282
Additional paid in capital1,8531,8091,7131,6771,5141,349
Accumulated other comprehensive income (loss)155998(46)(119)(150)
Retained earnings4,2664,1273,7233,5242,8882,488
Total equity:6,2116,0745,6135,2354,3653,769
TOTAL LIABILITIES AND EQUITY:27,29727,19726,18326,33821,54221,082

Income Statement (P&L) ($ in millions)

2/28/2025
11/30/2024
TTM
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Revenues22,92426,53629,68531,90018,95020,320
Cost of revenue(20,170)(23,823)(26,885)(28,613)(16,571)(17,598)
Gross profit:2,7542,7132,8003,2882,3792,722
Operating expenses(2,548)(2,612)(2,793)(2,586)(1,955)(2,002)
Operating income:2061027702424720
Nonoperating income (expense)(15)(10)(9)(35)86
Other nonoperating expense     (2) 
Interest and debt expense(53)(125)(120)(94)(86)(83)
Other undisclosed income from continuing operations before equity method investments, income taxes501675759919619518
Income from continuing operations before income taxes:6386426371,4929651,161
Income tax expense(164)(162)(152)(341)(218)(273)
Income from continuing operations:4744794851,151747888
Income before gain (loss) on sale of properties:1,151747888
Net income available to common stockholders, diluted:4744794851,151747888

Comprehensive Income ($ in millions)

2/28/2025
11/30/2024
TTM
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Net income:4744794851,151747888
Other comprehensive income (loss)(187)(39)1447231(82)
Comprehensive income, net of tax, attributable to parent:2874416291,224778806

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.

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