KMX FY 2017 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2017 Earnings

Reported April 21, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.6B	—	$15.8B	—	5.1%
Op. Income	$1.1B	—	$1.1B	—	0.5%
Gross Margin	15.3%	—	15.2%	—	0.1pp
Net Margin	3.8%	—	3.9%	—	-0.2pp
EPS (Diluted)	$3.26	—	$3.03	—	7.6%
Free Cash Flow	-$886M	—	-$464M	—	-90.8%

Revenue Flow

Item	Amount
REVENUE	$16.6B
Cost of Revenue	$14.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$15.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$379M
Net Income from Continuing Ops	$627M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$627M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$627M
D&A	$169M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$16.6B
Cost of Revenue	$14.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$15.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$379M
Net Income from Continuing Ops	$627M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$627M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$627M
D&A	$169M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$627M
Depreciation & Amortization	$169M
Stock-Based Compensation	$92M
Deferred Income Tax	$2M
Other Non-Cash Items	$219M
Change in Working Capital	-$1.6B
OPERATING CASH FLOW	-$468M
Capital Expenditure	-$418M
Acquisitions (Net)	$1M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$730.0K
Other Investing Activities	-$41M
NET CASH FROM INVESTING	-$466M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$564M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$935M
FREE CASH FLOW	-$886M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$152M
Inventory	$2.3B
Other Current Assets	$422M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$2.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10.7B
TOTAL NON-CURRENT ASSETS	$13.4B
TOTAL ASSETS	$16.3B
Account Payables	$495M
Short-Term Debt	$334M
Deferred Revenue	$0
Other Current Liabilities	$91M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$11.3B
Deferred Revenue NC	-$85M
Deferred Tax Liabilities	$85M
Other Non-Current Liabilities	$239M
TOTAL NON-CURRENT LIABILITIES	$12.1B
TOTAL LIABILITIES	$13.2B
Common Stock	$93M
Additional Paid-In Capital	$1.2B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$57M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$16.3B
Total Debt	$12.2B
Net Debt	$12.1B