KMX FY 2019 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2019 Earnings

Reported April 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$19.1B	—	$18.1B	—	5.7%
Op. Income	$1.2B	—	$1.1B	—	4.9%
Gross Margin	15.2%	—	15.9%	—	-0.7pp
Net Margin	4.4%	—	3.7%	—	0.7pp
EPS (Diluted)	$4.79	—	$3.60	—	33.1%
Free Cash Flow	-$142M	—	-$377M	—	62.5%

Revenue Flow

Item	Amount
REVENUE	$19.1B
Cost of Revenue	$16.2B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$18.0B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$76M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$270M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$842M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$842M
D&A	$182M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$19.1B
Cost of Revenue	$16.2B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$18.0B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$76M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$270M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$842M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$842M
D&A	$182M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$842M
Depreciation & Amortization	$182M
Stock-Based Compensation	$75M
Deferred Income Tax	$2M
Other Non-Cash Items	$221M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$163M
Capital Expenditure	-$305M
Acquisitions (Net)	$305M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$2M
Other Investing Activities	-$304M
NET CASH FROM INVESTING	-$309M
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$905M
Common Dividends Paid	$0
Other Financing Activities	-$17M
NET CASH FROM FINANCING	$186M
FREE CASH FLOW	-$142M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$140M
Inventory	$2.5B
Other Current Assets	$508M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$2.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$61M
Other Non-Current Assets	$12.6B
TOTAL NON-CURRENT ASSETS	$15.5B
TOTAL ASSETS	$18.7B
Account Payables	$593M
Short-Term Debt	$398M
Deferred Revenue	$4M
Other Current Liabilities	$123M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$13.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$243M
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$15.4B
Common Stock	$84M
Additional Paid-In Capital	$1.2B
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$68M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$18.7B
Total Debt	$14.2B
Net Debt	$14.2B