KMX FY 2016 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2016 Earnings

Reported April 22, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$15.8B	—	$14.9B	—	6.4%
Op. Income	$1.1B	—	$976M	—	8.5%
Gross Margin	15.2%	—	15.2%	—	0.1pp
Net Margin	3.9%	—	4.0%	—	-0.1pp
EPS (Diluted)	$3.03	—	$2.73	—	11.0%
Free Cash Flow	-$464M	—	-$1.3B	—	63.7%

Revenue Flow

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$13.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$14.8B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$387M
Net Income from Continuing Ops	$623M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$623M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$623M
D&A	$137M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$13.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$14.8B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$387M
Net Income from Continuing Ops	$623M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$623M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$623M
D&A	$137M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$623M
Depreciation & Amortization	$137M
Stock-Based Compensation	$51M
Deferred Income Tax	$17M
Other Non-Cash Items	$191M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	-$149M
Capital Expenditure	-$316M
Acquisitions (Net)	$2M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$324.0K
Other Investing Activities	-$52M
NET CASH FROM INVESTING	-$379M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$984M
Common Dividends Paid	$0
Other Financing Activities	$29M
NET CASH FROM FINANCING	$537M
FREE CASH FLOW	-$464M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$132M
Inventory	$1.9B
Other Current Assets	$370M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$2.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$9.8B
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$14.5B
Account Payables	$442M
Short-Term Debt	$301M
Deferred Revenue	$0
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$9.9B
Deferred Revenue NC	-$61M
Deferred Tax Liabilities	$61M
Other Non-Current Liabilities	$251M
TOTAL NON-CURRENT LIABILITIES	$10.6B
TOTAL LIABILITIES	$11.6B
Common Stock	$97M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$70M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$14.5B
Total Debt	$10.7B
Net Debt	$10.6B