KMX FY 2020 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2020 Earnings

Reported April 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$21.4B	—	$19.1B	—	11.9%
Op. Income	$1.2B	—	$1.2B	—	4.1%
Gross Margin	14.8%	—	15.2%	—	-0.4pp
Net Margin	4.1%	—	4.4%	—	-0.3pp
EPS (Diluted)	$5.33	—	$4.79	—	11.3%
Free Cash Flow	-$569M	—	-$142M	—	-301.3%

Revenue Flow

Item	Amount
REVENUE	$21.4B
Cost of Revenue	$18.2B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$20.2B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$77M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$273M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$888M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$216M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$21.4B
Cost of Revenue	$18.2B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$20.2B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$77M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$273M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$888M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$216M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$888M
Depreciation & Amortization	$216M
Stock-Based Compensation	$109M
Deferred Income Tax	-$1M
Other Non-Cash Items	$278M
Change in Working Capital	-$1.7B
OPERATING CASH FLOW	-$237M
Capital Expenditure	-$332M
Acquisitions (Net)	$332M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$2M
Other Investing Activities	-$332M
NET CASH FROM INVESTING	-$389M
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$568M
Common Dividends Paid	$0
Other Financing Activities	-$20M
NET CASH FROM FINANCING	$687M
FREE CASH FLOW	-$569M
Net Change in Cash	$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$191M
Inventory	$2.8B
Other Current Assets	$568M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$3.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$157M
Tax Assets	$90M
Other Non-Current Assets	$13.7B
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$21.1B
Account Payables	$737M
Short-Term Debt	$433M
Deferred Revenue	$0
Other Current Liabilities	$148M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$14.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$394M
TOTAL NON-CURRENT LIABILITIES	$15.8B
TOTAL LIABILITIES	$17.3B
Common Stock	$82M
Additional Paid-In Capital	$1.3B
Retained Earnings	$2.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$150M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$21.1B
Total Debt	$15.8B
Net Debt	$15.8B