2017 Q3 Form 10-Q Financial Statement

#000117001017000162 Filed on October 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $4.387B $3.997B
YoY Change 9.74% 2.89%
Cost Of Revenue $3.783B $3.452B
YoY Change 9.58% 2.63%
Gross Profit $604.0M $545.4M
YoY Change 10.75% 4.6%
Gross Profit Margin 13.77% 13.64%
Selling, General & Admin $405.1M $366.1M
YoY Change 10.63% 10.68%
% of Gross Profit 67.06% 67.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.20M $42.20M
YoY Change 4.74% 27.49%
% of Gross Profit 7.32% 7.74%
Operating Expenses $405.1M $366.1M
YoY Change 10.63% 10.68%
Operating Profit $198.9M $179.2M
YoY Change 11.0% -5.96%
Interest Expense $16.84M $13.90M
YoY Change 21.09% 86.63%
% of Operating Profit 8.46% 7.76%
Other Income/Expense, Net $189.0K $435.0K
YoY Change -56.55% -127.31%
Pretax Income $290.2M $261.7M
YoY Change 10.89% -6.46%
Income Tax $108.8M $99.37M
% Of Pretax Income 37.49% 37.97%
Net Earnings $181.4M $162.4M
YoY Change 11.74% -5.73%
Net Earnings / Revenue 4.14% 4.06%
Basic Earnings Per Share $0.99 $0.85
Diluted Earnings Per Share $0.98 $0.84
COMMON SHARES
Basic Shares Outstanding 182.9M shares 191.5M shares
Diluted Shares Outstanding 184.7M shares 193.6M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.00M $316.0M
YoY Change -91.77% 216.0%
Cash & Equivalents $25.77M $316.0M
Short-Term Investments
Other Short-Term Assets $41.79M $45.27M
YoY Change -7.69% -0.41%
Inventory $2.232B $1.919B
Prepaid Expenses
Receivables $99.73M $94.58M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.803B $2.755B
YoY Change 1.74% 10.05%
LONG-TERM ASSETS
Property, Plant & Equipment $2.602B $2.326B
YoY Change 11.87% 15.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $147.1M $138.6M
YoY Change 6.11% -7.07%
Total Long-Term Assets $14.07B $12.75B
YoY Change 10.38% 11.36%
TOTAL ASSETS
Total Short-Term Assets $2.803B $2.755B
Total Long-Term Assets $14.07B $12.75B
Total Assets $16.88B $15.50B
YoY Change 8.85% 11.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $568.0M $486.9M
YoY Change 16.65% 7.29%
Accrued Expenses $251.9M $246.1M
YoY Change 2.39% 8.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $366.0M $351.0M
YoY Change 4.27% 10.38%
Total Short-Term Liabilities $1.202B $1.084B
YoY Change 10.81% 8.22%
LONG-TERM LIABILITIES
Long-Term Debt $12.23B $11.13B
YoY Change 9.91% 17.0%
Other Long-Term Liabilities $239.2M $227.0M
YoY Change 5.38% 0.63%
Total Long-Term Liabilities $239.2M $227.0M
YoY Change 5.38% 0.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.202B $1.084B
Total Long-Term Liabilities $239.2M $227.0M
Total Liabilities $13.67B $12.44B
YoY Change 9.91% 15.83%
SHAREHOLDERS EQUITY
Retained Earnings $1.976B $1.858B
YoY Change 6.33% -7.69%
Common Stock $90.95M $95.54M
YoY Change -4.8% -6.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.201B $3.062B
YoY Change
Total Liabilities & Shareholders Equity $16.88B $15.50B
YoY Change 8.85% 11.12%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $181.4M $162.4M
YoY Change 11.74% -5.73%
Depreciation, Depletion And Amortization $44.20M $42.20M
YoY Change 4.74% 27.49%
Cash From Operating Activities -$110.4M -$120.6M
YoY Change -8.46% -40.39%
INVESTING ACTIVITIES
Capital Expenditures -$75.70M -$117.1M
YoY Change -35.35% 35.69%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$21.80M
YoY Change -99.54% 34.57%
Cash From Investing Activities -$75.80M -$138.9M
YoY Change -45.43% 35.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 170.8M 523.0M
YoY Change -67.34% 877.57%
NET CHANGE
Cash From Operating Activities -110.4M -120.6M
Cash From Investing Activities -75.80M -138.9M
Cash From Financing Activities 170.8M 523.0M
Net Change In Cash -15.40M 263.5M
YoY Change -105.84% -204.9%
FREE CASH FLOW
Cash From Operating Activities -$110.4M -$120.6M
Capital Expenditures -$75.70M -$117.1M
Free Cash Flow -$34.70M -$3.500M
YoY Change 891.43% -96.98%

Facts In Submission

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CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
25900000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
54200000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
27200000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
58900000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
55900000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
101700000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
60400000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
114500000 USD
CY2017Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
331000000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
385000000 USD
us-gaap Gain Loss On Disposition Of Assets
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-302000 USD
us-gaap Gain Loss On Disposition Of Assets
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-1013000 USD
CY2016Q3 us-gaap Gross Profit
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545362000 USD
us-gaap Gross Profit
GrossProfit
1117999000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
604005000 USD
us-gaap Gross Profit
GrossProfit
1252943000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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261736000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
544429000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
290232000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
628285000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99374000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206707000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108808000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
235159000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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52946000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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66939000 USD
us-gaap Increase Decrease In Accounts Receivable
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-37594000 USD
us-gaap Increase Decrease In Accounts Receivable
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-52655000 USD
us-gaap Increase Decrease In Finance Receivables
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656835000 USD
us-gaap Increase Decrease In Finance Receivables
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637719000 USD
us-gaap Increase Decrease In Inventories
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-13226000 USD
us-gaap Increase Decrease In Inventories
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-28794000 USD
us-gaap Increase Decrease In Other Current Assets
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16993000 USD
us-gaap Increase Decrease In Other Current Assets
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1063000 USD
us-gaap Increase Decrease In Other Operating Assets
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-732000 USD
us-gaap Increase Decrease In Other Operating Assets
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-83000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-50247000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-45618000 USD
us-gaap Increase Decrease In Restricted Cash
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36834000 USD
us-gaap Increase Decrease In Restricted Cash
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23923000 USD
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190200000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
374300000 USD
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
213600000 USD
us-gaap Interest And Fee Income Loans And Leases
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420300000 USD
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13904000 USD
us-gaap Interest Expense
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24992000 USD
CY2017Q3 us-gaap Interest Expense
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16836000 USD
us-gaap Interest Expense
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33674000 USD
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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112700000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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230800000 USD
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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128500000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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257600000 USD
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148400000 USD
us-gaap Interest Income Expense Net
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293100000 USD
CY2017Q3 us-gaap Interest Income Expense Net
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161400000 USD
us-gaap Interest Income Expense Net
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319100000 USD
us-gaap Interest Paid Capitalized
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5300000 USD
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38500000 USD
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46900000 USD
CY2017Q1 us-gaap Inventory Net
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2260563000 USD
CY2017Q3 us-gaap Inventory Net
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2231769000 USD
CY2016Q3 us-gaap Labor And Related Expense
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7700000 USD
us-gaap Labor And Related Expense
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15400000 USD
CY2017Q3 us-gaap Labor And Related Expense
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8800000 USD
us-gaap Labor And Related Expense
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17300000 USD
CY2017Q1 us-gaap Liabilities
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13170776000 USD
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13674747000 USD
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16279356000 USD
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16875733000 USD
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1105787000 USD
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1201557000 USD
CY2017Q1 us-gaap Liabilities Fair Value Disclosure
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509000 USD
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4388000 USD
CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations
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12193623000 USD
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12624275000 USD
CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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343266000 USD
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366690000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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573803000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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91308000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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81097000 USD
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us-gaap Net Income Loss
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CY2017Q3 us-gaap Net Income Loss
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181424000 USD
us-gaap Net Income Loss
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435000 USD
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1051000 USD
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189000 USD
us-gaap Nonoperating Income Expense
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CY2017Q1 us-gaap Notes Receivable Net
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11172300000 USD
CY2017Q3 us-gaap Notes Receivable Net
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147061000 USD
CY2016Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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-248000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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-497000 USD
CY2017Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-275000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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-549000 USD
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
3117000 USD
CY2017Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-1673000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-3621000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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3117000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-1673000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-3621000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
243000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3614000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
243000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3614000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1398000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3072000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-3120000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-5933000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-952000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-1965000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1893000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-578000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1192000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1227000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2333000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-374000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-773000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-773000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-453000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-907000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-248000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-497000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-275000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-358000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-3129000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-798000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-3712000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-7938000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1898000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-483000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2251000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-4813000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-1231000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-315000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-1461000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2016Q3 us-gaap Other Cost And Expense Operating
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us-gaap Other Cost And Expense Operating
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18700000 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
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11800000 USD
us-gaap Other Cost And Expense Operating
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23000000 USD
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CY2017Q3 us-gaap Other Liabilities Noncurrent
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239186000 USD
CY2017Q1 us-gaap Other Long Term Debt Noncurrent
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CY2017Q3 us-gaap Other Receivables
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us-gaap Other Sales Revenue Net
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265703000 USD
CY2017Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
144673000 USD
us-gaap Other Sales Revenue Net
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290244000 USD
us-gaap Payments For Proceeds From Short Term Investments
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3439000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
2132000 USD
us-gaap Payments For Repurchase Of Common Stock
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266025000 USD
us-gaap Payments For Repurchase Of Common Stock
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344785000 USD
us-gaap Payments Of Debt Issuance Costs
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9009000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7623000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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214587000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
155110000 USD
us-gaap Pension Contributions
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0 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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33026000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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23905000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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-67000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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209000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
96000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2518393000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2602323000 USD
us-gaap Provision For Loan And Lease Losses
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62349000 USD
us-gaap Provision For Loan And Lease Losses
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61465000 USD
CY2016Q3 us-gaap Provision For Loan Lease And Other Losses
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35700000 USD
us-gaap Provision For Loan Lease And Other Losses
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62300000 USD
CY2017Q3 us-gaap Provision For Loan Lease And Other Losses
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32900000 USD
us-gaap Provision For Loan Lease And Other Losses
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61500000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1741000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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380353000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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404276000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
52800000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
55800000 USD
CY2017Q1 us-gaap Restricted Investments Noncurrent
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70800000 USD
CY2017Q3 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
75200000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1883283000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1975862000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3997248000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
8123634000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
4386640000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
8928974000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
366126000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
746356000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
405062000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
808565000 USD
CY2017Q1 us-gaap Senior Notes
SeniorNotes
500000000 USD
CY2017Q3 us-gaap Senior Notes
SeniorNotes
500000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
60561000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
36585000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
3500000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
10900000 USD
CY2017Q1 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
62000 USD
CY2017Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
271000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6300000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6500000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3108580000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3200986000 USD
CY2017Q1 us-gaap Trading Securities
TradingSecurities
16519000 USD
CY2017Q3 us-gaap Trading Securities
TradingSecurities
18496000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
23919000 USD
CY2017Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
23581000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30500000 USD
CY2016Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
110200000 USD
CY2016Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
112500000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
113300000 USD
CY2017Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
108200000 USD
CY2017Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
109000000 USD
CY2017Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
109800000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
17200000 USD
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
35900000 USD
CY2017Q3 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
17400000 USD
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
34500000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16400000 USD
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
32800000 USD
CY2017Q3 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16600000 USD
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
32900000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193623000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194437000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184696000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
185778000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191539000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
192534000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182868000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184034000 shares
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation and Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;"> &#160;The accompanying interim unaudited consolidated financial statements include the accounts of CarMax and our wholly owned subsidiaries.&#160;&#160;All significant intercompany balances and transactions have been eliminated in consolidation.&#160;&#160;These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial information.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.&#160;&#160;In the opinion of management, such interim consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position and the results of operations and cash flows for the interim periods presented.&#160;&#160;The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year.&#160;&#160;These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">February&#160;28, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Background</font></div><div style="line-height:120%;text-indent:90px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CarMax, Inc. (&#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; &#8220;CarMax&#8221; and &#8220;the company&#8221;), including its wholly owned subsidiaries, is the largest retailer of used vehicles in the United States.&#160;We operate in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments:&#160;&#160;CarMax Sales Operations and CarMax Auto Finance (&#8220;CAF&#8221;).&#160;&#160;Our CarMax Sales Operations segment consists of all aspects of our auto merchandising and service operations, excluding financing provided by CAF.&#160;&#160;Our CAF segment consists solely of our own finance operation that provides financing to customers buying retail vehicles from CarMax.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We deliver an unrivaled customer experience by offering a broad selection of high quality used vehicles and related products and services at low, no-haggle prices using a customer-friendly sales process in an attractive, modern sales facility, as well as through carmax.com and our mobile apps.&#160;&#160;We provide customers with a range of related products and services, including the appraisal and purchase of vehicles directly from consumers; the financing of retail vehicle purchases through CAF and third-party finance providers; the sale of extended protection plan (&#8220;EPP&#8221;) products, which include extended service plans (&#8220;ESPs&#8221;) and guaranteed asset protection (&#8220;GAP&#8221;); and vehicle repair service.&#160;&#160;Vehicles purchased through the appraisal process that do not meet our retail standards are sold to licensed dealers through on-site wholesale auctions.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities.&#160;&#160;Actual results could differ from those estimates.&#160; Certain prior year amounts have been reclassified to conform to the current year&#8217;s presentation.&#160; Amounts and percentages may not total due to rounding.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with our adoption of the Financial Accounting Standards Board's (&#8220;FASB&#8221;) Accounting Standards Update (&#8220;ASU&#8221;) 2016-09 during the current fiscal year, cash flows related to excess tax benefits from share-based payment arrangements are now classified as operating activities, rather than financing activities, in the consolidated statements of cash flows. Prior period amounts have been reclassified to conform to the current year's presentation, resulting in an increase in cash provided by operating activities and a decrease in cash provided by financing activities of </font><font style="font-family:inherit;font-size:10pt;">$6.8 million</font><font style="font-family:inherit;font-size:10pt;"> for the six months ended </font><font style="font-family:inherit;font-size:10pt;">August&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The requirements of this pronouncement related to the tax consequences of share-based payments were applied prospectively and resulted in </font><font style="font-family:inherit;font-size:10pt;">$2.2&#160;million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4.6 million</font><font style="font-family:inherit;font-size:10pt;"> recorded as a reduction to the income tax provision during the three and six months ended </font><font style="font-family:inherit;font-size:10pt;">August&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>

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