2018 Q1 Form 10-K Financial Statement

#000117001018000054 Filed on April 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1 2016 Q4
Revenue $4.084B $4.050B $3.702B
YoY Change 0.85% 9.29% 4.44%
Cost Of Revenue $3.548B $3.488B $3.198B
YoY Change 1.71% 8.43% 3.85%
Gross Profit $536.7M $562.2M $503.1M
YoY Change -4.52% 14.9% 8.36%
Gross Profit Margin 13.14% 13.88% 13.59%
Selling, General & Admin $408.8M $385.4M $356.7M
YoY Change 6.07% 15.44% 5.7%
% of Gross Profit 76.17% 68.56% 70.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.70M $43.20M $42.70M
YoY Change 8.1% 17.07% 20.96%
% of Gross Profit 8.7% 7.68% 8.49%
Operating Expenses $408.8M $385.4M $356.7M
YoY Change 6.07% 15.44% 5.7%
Operating Profit $127.9M $176.7M $146.4M
YoY Change -27.63% 13.73% 15.44%
Interest Expense $81.40M $66.50M $15.07M
YoY Change 22.41% -17.39% 50.39%
% of Operating Profit 63.64% 37.62% 10.29%
Other Income/Expense, Net -$1.027M
YoY Change -11.24%
Pretax Income $210.1M $242.3M $219.7M
YoY Change -13.29% 7.12% 5.63%
Income Tax $76.10M $89.70M $83.02M
% Of Pretax Income 36.22% 37.02% 37.79%
Net Earnings $122.1M $152.6M $136.6M
YoY Change -19.96% 8.21% 6.59%
Net Earnings / Revenue 2.99% 3.77% 3.69%
Basic Earnings Per Share $0.68 $0.82 $0.72
Diluted Earnings Per Share $0.67 $0.81 $0.72
COMMON SHARES
Basic Shares Outstanding 178.7M shares 185.7M shares 189.2M shares
Diluted Shares Outstanding 190.8M shares

Balance Sheet

Concept 2018 Q1 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.00M $38.00M $24.00M
YoY Change 18.42% 2.7% -27.27%
Cash & Equivalents $44.53M $38.42M $23.71M
Short-Term Investments
Other Short-Term Assets $93.46M $41.91M $41.35M
YoY Change 123.01% 59.0% 26.55%
Inventory $2.391B $2.261B $2.170B
Prepaid Expenses
Receivables $133.3M $152.4M $92.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.061B $2.874B $2.684B
YoY Change 6.54% 16.26% 1.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.667B $2.518B $2.449B
YoY Change 5.9% 16.5% 16.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $158.8M $140.3M $137.1M
YoY Change 13.2% 9.88% -7.41%
Total Long-Term Assets $14.42B $13.41B $13.08B
YoY Change 7.6% 11.82% 11.32%
TOTAL ASSETS
Total Short-Term Assets $3.061B $2.874B $2.684B
Total Long-Term Assets $14.42B $13.41B $13.08B
Total Assets $17.49B $16.28B $15.76B
YoY Change 7.41% 12.58% 9.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $529.7M $495.0M $476.8M
YoY Change 7.02% 12.05% 13.28%
Accrued Expenses $278.8M $266.1M $224.6M
YoY Change 4.75% 8.22% 6.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $1.000M
YoY Change
Long-Term Debt Due $365.0M $343.0M $323.0M
YoY Change 6.41% 8.89% 11.0%
Total Short-Term Liabilities $1.174B $1.106B $1.028B
YoY Change 6.17% 10.01% 11.28%
LONG-TERM LIABILITIES
Long-Term Debt $12.75B $11.83B $11.49B
YoY Change 7.84% 14.58% 11.33%
Other Long-Term Liabilities $242.6M $238.6M $232.4M
YoY Change 1.68% 4.05% 1.1%
Total Long-Term Liabilities $242.6M $238.6M $232.4M
YoY Change 1.68% 4.05% 1.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.174B $1.106B $1.028B
Total Long-Term Liabilities $242.6M $238.6M $232.4M
Total Liabilities $14.17B $13.17B $12.74B
YoY Change 7.58% 13.98% 11.12%
SHAREHOLDERS EQUITY
Retained Earnings $2.047B $1.883B $1.821B
YoY Change 8.71% 7.81% 4.49%
Common Stock $89.87M $93.27M $93.68M
YoY Change -3.65% -4.19% -5.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.317B $3.109B $3.015B
YoY Change
Total Liabilities & Shareholders Equity $17.49B $16.28B $15.76B
YoY Change 7.41% 12.58% 9.59%

Cashflow Statement

Concept 2018 Q1 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $122.1M $152.6M $136.6M
YoY Change -19.96% 8.21% 6.59%
Depreciation, Depletion And Amortization $46.70M $43.20M $42.70M
YoY Change 8.1% 17.07% 20.96%
Cash From Operating Activities $112.5M -$132.1M -$303.0M
YoY Change -185.16% -156.77% 2.05%
INVESTING ACTIVITIES
Capital Expenditures -$69.20M -$102.6M -$100.9M
YoY Change -32.55% 37.17% 6.1%
Acquisitions
YoY Change
Other Investing Activities $1.100M -$24.70M $24.90M
YoY Change -104.45% -15.99% 24.5%
Cash From Investing Activities -$68.30M -$127.4M -$76.00M
YoY Change -46.39% 22.26% 1.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.10M 274.1M 86.80M
YoY Change -105.51% -320.34% -71.52%
NET CHANGE
Cash From Operating Activities 112.5M -132.1M -303.0M
Cash From Investing Activities -68.30M -127.4M -76.00M
Cash From Financing Activities -15.10M 274.1M 86.80M
Net Change In Cash 29.10M 14.60M -292.2M
YoY Change 99.32% 256.1% 334.82%
FREE CASH FLOW
Cash From Operating Activities $112.5M -$132.1M -$303.0M
Capital Expenditures -$69.20M -$102.6M -$100.9M
Free Cash Flow $181.7M -$29.50M -$202.1M
YoY Change -715.93% -109.59% 0.15%

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365554000 USD
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MinimumLeasePaymentsSaleLeasebackTransactions
1055238000 USD
CY2018Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
826487000 USD
CY2018Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
42877000 USD
CY2018Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
49263000 USD
CY2018Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
44070000 USD
CY2018Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
49200000 USD
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
505340000 USD
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
921906000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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152603000 USD
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NetIncomeLoss
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211702000 USD
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NetIncomeLoss
181424000 USD
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NetIncomeLoss
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10740000000 USD
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11644615000 USD
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11640000000 USD
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NonoperatingIncomeExpense
-953000 USD
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1363000 USD
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11618900000 USD
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CY2017Q1 us-gaap Notes Receivable Net
NotesReceivableNet
10596076000 USD
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11535704000 USD
CY2018Q1 us-gaap Notes Receivable Net
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11535700000 USD
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2 segment
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848191000 USD
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OperatingLeasesFutureMinimumPaymentsDueInFiveYears
42271000 USD
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OperatingLeasesFutureMinimumPaymentsDueInFourYears
44113000 USD
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47415000 USD
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50716000 USD
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158807000 USD
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OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-2750000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-949000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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1371000 USD
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1462000 USD
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-2546000 USD
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OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
752000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-227000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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-710000 USD
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OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-7555000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
12692000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
14194000 USD
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OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
9835000 USD
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OtherComprehensiveIncomeLossNetOfTax
-4805000 USD
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OtherComprehensiveIncomeLossNetOfTax
13641000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12823000 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4805000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13641000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12823000 USD
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2214000 USD
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-3256000 USD
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-8277000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-11038000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3009000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-5023000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-6701000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1813000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-3254000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-4337000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-2057000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1546000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1815000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1288000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-968000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1175000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-769000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-578000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-640000 USD
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-20715000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
9878000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
17953000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-12578000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5991000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
12381000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-8137000 USD
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
3887000 USD
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
5572000 USD
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OtherCostAndExpenseOperating
33400000 USD
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OtherCostAndExpenseOperating
40200000 USD
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OtherCostAndExpenseOperating
47800000 USD
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OtherLiabilitiesNoncurrent
238551000 USD
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OtherLiabilitiesNoncurrent
242553000 USD
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OtherLongTermDebtNoncurrent
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OtherLongTermDebtNoncurrent
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
0 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
400000 USD
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2200000 USD
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PaymentsForRepurchaseOfCommonStock
564337000 USD
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PaymentsForRepurchaseOfCommonStock
579570000 USD
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3104000 USD
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PaymentsOfDebtIssuanceCosts
17118000 USD
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PaymentsOfDebtIssuanceCosts
16261000 USD
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PaymentsToAcquireInvestments
11463000 USD
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PaymentsToAcquireInvestments
6724000 USD
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PaymentsToAcquireInvestments
8649000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
315584000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
418144000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
296816000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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467000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
485000 USD
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PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
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PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
84590000 USD
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ProceedsFromIssuanceOrSaleOfEquity
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ProceedsFromIssuanceOrSaleOfEquity
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ProceedsFromIssuanceOrSaleOfEquity
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ProceedsFromRepaymentsOfShortTermDebt
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ProceedsFromRepaymentsOfShortTermDebt
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ProceedsFromSaleAndMaturityOfOtherInvestments
324000 USD
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ProceedsFromSaleAndMaturityOfOtherInvestments
730000 USD
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ProceedsFromSaleAndMaturityOfOtherInvestments
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ProceedsFromSaleOfPropertyPlantAndEquipment
1542000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
97000 USD
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3559770000 USD
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PropertyPlantAndEquipmentGross
3831310000 USD
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2518393000 USD
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2667061000 USD
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101199000 USD
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150598000 USD
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137591000 USD
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ProvisionForLoanLeaseAndOtherLosses
101200000 USD
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150600000 USD
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137600000 USD
CY2018Q1 us-gaap Purchase Obligation
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175000000 USD
CY2018Q1 us-gaap Purchase Obligation Due In Next Twelve Months
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78800000 USD
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380353000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
399442000 USD
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RestrictedCashAndCashEquivalentsNoncurrent
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RestrictedCashAndCashEquivalentsNoncurrent
56800000 USD
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RetainedEarningsAccumulatedDeficit
2047240000 USD
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SalesRevenueNet
4126386000 USD
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SalesRevenueNet
3997248000 USD
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SalesRevenueNet
3701524000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4049960000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
15875118000 USD
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SalesRevenueNet
4542334000 USD
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SalesRevenueNet
4386640000 USD
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SalesRevenueNet
4107017000 USD
CY2018Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4084218000 USD
CY2018 us-gaap Sales Revenue Net
SalesRevenueNet
17120209000 USD
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SellingGeneralAndAdministrativeExpense
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SellingGeneralAndAdministrativeExpense
380230000 USD
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SellingGeneralAndAdministrativeExpense
366126000 USD
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SellingGeneralAndAdministrativeExpense
356735000 USD
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SellingGeneralAndAdministrativeExpense
385413000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1488504000 USD
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SellingGeneralAndAdministrativeExpense
403503000 USD
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SellingGeneralAndAdministrativeExpense
405062000 USD
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SellingGeneralAndAdministrativeExpense
399672000 USD
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SellingGeneralAndAdministrativeExpense
408814000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1617051000 USD
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500000000 USD
CY2018Q1 us-gaap Senior Notes
SeniorNotes
500000000 USD
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ShareBasedCompensation
51077000 USD
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ShareBasedCompensation
91595000 USD
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ShareBasedCompensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.318
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.348
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.342
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.258
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.293
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.273
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0.021
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.024
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.023
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.001
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
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0.306
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.307
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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0.297
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10900000 USD
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P4Y8M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y7M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y7M
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6300000 USD
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Trading Securities
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16519000 USD
CY2018Q1 us-gaap Trading Securities
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19429000 USD
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23919000 USD
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
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24239000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
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24951000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26800000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26771000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
29955000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
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30000000 USD
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28700000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
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28685000 USD
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853000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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216000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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607000 USD
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830000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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16000 USD
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304000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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2700000 USD
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4380000 USD
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3342000 USD
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2800000 USD
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5256000 USD
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125000 USD
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2651000 USD
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3615000 USD
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3701000 USD
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9400000 USD
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9600000 USD
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CY2018 us-gaap Nature Of Operations
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<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;color:#0000ff;font-weight:bold;">BUSINESS AND BACKGROUND</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;padding-bottom:16px;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;">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>

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