KMX FY 2021 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2021 Earnings

Reported April 20, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$20.1B	—	$21.4B	—	-6.2%
Op. Income	$1.0B	—	$1.2B	—	-19.0%
Gross Margin	14.6%	—	14.8%	—	-0.2pp
Net Margin	3.7%	—	4.1%	—	-0.4pp
EPS (Diluted)	$4.52	—	$5.33	—	-15.2%
Free Cash Flow	$503M	—	-$569M	—	188.5%

Revenue Flow

Item	Amount
REVENUE	$20.1B
Cost of Revenue	$17.2B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$19.1B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$86M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$965M
Income Tax Expense	$218M
Net Income from Continuing Ops	$747M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$747M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$747M
D&A	$242M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$20.1B
Cost of Revenue	$17.2B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$19.1B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$86M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$965M
Income Tax Expense	$218M
Net Income from Continuing Ops	$747M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$747M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$747M
D&A	$242M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$747M
Depreciation & Amortization	$242M
Stock-Based Compensation	$122M
Deferred Income Tax	-$36M
Other Non-Cash Items	$232M
Change in Working Capital	-$639M
OPERATING CASH FLOW	$668M
Capital Expenditure	-$165M
Acquisitions (Net)	$30M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$8M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$128M
Net Debt Issuance	-$337M
Common Stock Repurchased	-$230M
Common Dividends Paid	$0
Other Financing Activities	$143M
NET CASH FROM FINANCING	-$424M
FREE CASH FLOW	$503M
Net Change in Cash	$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$0
Net Receivables	$239M
Inventory	$3.2B
Other Current Assets	$588M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$3.5B
Goodwill	$653.0K
Intangible Assets	$0
Long-Term Investments	$13.7B
Tax Assets	$164M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$21.5B
Account Payables	$799M
Short-Term Debt	$453M
Deferred Revenue	$0
Other Current Liabilities	-$9M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$14.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$435M
TOTAL NON-CURRENT LIABILITIES	$15.5B
TOTAL LIABILITIES	$17.2B
Common Stock	$82M
Additional Paid-In Capital	$1.5B
Retained Earnings	$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$119M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$0
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$21.5B
Total Debt	$15.5B
Net Debt	$15.4B