2020 Q1 Form 10-K Financial Statement

#000117001020000033 Filed on April 21, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q4
Revenue $4.962B $4.319B $4.296B
YoY Change 14.91% 5.74% 4.6%
Cost Of Revenue $4.290B $3.719B $3.727B
YoY Change 15.34% 4.84% 4.45%
Gross Profit $672.9M $599.4M $569.2M
YoY Change 12.26% 11.67% 5.57%
Gross Profit Margin 13.56% 13.88% 13.25%
Selling, General & Admin $484.7M $429.0M $409.5M
YoY Change 13.0% 4.93% 2.46%
% of Gross Profit 72.04% 71.57% 71.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.60M $46.60M $45.30M
YoY Change 23.61% -0.21% 0.44%
% of Gross Profit 8.56% 7.77% 7.96%
Operating Expenses $484.7M $429.0M $409.5M
YoY Change 13.0% 4.93% 2.46%
Operating Profit $188.1M $170.4M $159.7M
YoY Change 10.4% 33.22% 14.48%
Interest Expense $89.60M $82.70M $18.81M
YoY Change 8.34% 1.6% 8.1%
% of Operating Profit 47.63% 48.53% 11.78%
Other Income/Expense, Net -$2.820M
YoY Change -1110.75%
Pretax Income $276.6M $255.8M $247.8M
YoY Change 8.13% 21.75% 10.04%
Income Tax $61.70M $63.30M $57.50M
% Of Pretax Income 22.31% 24.75% 23.2%
Net Earnings $214.9M $192.6M $190.3M
YoY Change 11.62% 57.64% 27.86%
Net Earnings / Revenue 4.33% 4.46% 4.43%
Basic Earnings Per Share $1.32 $1.14 $1.09
Diluted Earnings Per Share $1.30 $1.13 $1.09
COMMON SHARES
Basic Shares Outstanding 162.6M shares 166.2M shares 173.8M shares
Diluted Shares Outstanding 175.3M shares

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.00M $47.00M $35.00M
YoY Change 23.4% 4.44% 34.62%
Cash & Equivalents $58.21M $46.94M $35.05M
Short-Term Investments
Other Short-Term Assets $86.93M $67.10M $59.90M
YoY Change 29.55% -28.21% 12.39%
Inventory $2.846B $2.519B $2.425B
Prepaid Expenses
Receivables $191.1M $139.9M $111.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.664B $3.214B $3.057B
YoY Change 13.99% 4.98% 1.75%
LONG-TERM ASSETS
Property, Plant & Equipment $3.069B $2.828B $2.800B
YoY Change 8.52% 6.04% 6.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $258.7M $186.0M $182.2M
YoY Change 39.14% 17.1% 18.26%
Total Long-Term Assets $17.42B $15.50B $15.34B
YoY Change 12.35% 7.48% 7.28%
TOTAL ASSETS
Total Short-Term Assets $3.664B $3.214B $3.057B
Total Long-Term Assets $17.42B $15.50B $15.34B
Total Assets $21.08B $18.72B $18.40B
YoY Change 12.63% 7.04% 6.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $737.1M $593.2M $558.3M
YoY Change 24.27% 11.98% 7.37%
Accrued Expenses $331.7M $318.2M $280.1M
YoY Change 4.25% 14.15% 20.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.000M $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $9.251M $10.18M $384.0M
YoY Change -9.1% -97.21% 7.26%
Total Short-Term Liabilities $1.535B $1.312B $1.225B
YoY Change 17.02% 11.71% 10.18%
LONG-TERM LIABILITIES
Long-Term Debt $15.02B $13.78B $13.49B
YoY Change 9.04% 8.03% 6.66%
Other Long-Term Liabilities $393.9M $272.8M $242.6M
YoY Change 44.38% 12.47% 1.24%
Total Long-Term Liabilities $393.9M $272.8M $242.6M
YoY Change 44.38% 12.47% 1.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.535B $1.312B $1.225B
Total Long-Term Liabilities $393.9M $272.8M $242.6M
Total Liabilities $17.31B $15.36B $14.96B
YoY Change 12.71% 8.41% 6.85%
SHAREHOLDERS EQUITY
Retained Earnings $2.488B $2.104B $2.147B
YoY Change 18.26% 2.78% 5.88%
Common Stock $81.54M $83.74M $85.89M
YoY Change -2.62% -6.83% -5.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.769B $3.357B $3.435B
YoY Change
Total Liabilities & Shareholders Equity $21.08B $18.72B $18.40B
YoY Change 12.63% 7.04% 6.32%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $214.9M $192.6M $190.3M
YoY Change 11.62% 57.64% 27.86%
Depreciation, Depletion And Amortization $57.60M $46.60M $45.30M
YoY Change 23.61% -0.21% 0.44%
Cash From Operating Activities -$118.7M $48.40M $3.700M
YoY Change -345.25% -56.98% -101.35%
INVESTING ACTIVITIES
Capital Expenditures -$82.70M -$61.30M -$72.20M
YoY Change 34.91% -11.42% -0.41%
Acquisitions
YoY Change
Other Investing Activities -$50.10M -$200.0K $100.0K
YoY Change 24950.0% -118.18% -101.92%
Cash From Investing Activities -$132.8M -$61.50M -$72.10M
YoY Change 115.93% -9.96% -7.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 277.9M 39.20M 38.50M
YoY Change 608.93% -359.6% -88.58%
NET CHANGE
Cash From Operating Activities -118.7M 48.40M 3.700M
Cash From Investing Activities -132.8M -61.50M -72.10M
Cash From Financing Activities 277.9M 39.20M 38.50M
Net Change In Cash 26.40M 26.10M -29.90M
YoY Change 1.15% -10.31% 104.79%
FREE CASH FLOW
Cash From Operating Activities -$118.7M $48.40M $3.700M
Capital Expenditures -$82.70M -$61.30M -$72.20M
Free Cash Flow -$36.00M $109.7M $75.90M
YoY Change -132.82% -39.63% -137.63%

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<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#0000ff;font-weight:bold;">Business and Background</span></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CarMax, Inc. (“we,” “our,” “us,” “CarMax” and “the company”), including its wholly owned subsidiaries, is the nation’s largest retailer of used vehicles.  We operate in </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segments:  CarMax Sales Operations and CarMax Auto Finance (“CAF”).  Our CarMax Sales Operations segment consists of all aspects of our auto merchandising and service operations, excluding financing provided by CAF.  Our CAF segment consists solely of our own finance operation that provides financing to customers buying retail vehicles from CarMax.</span></div>We deliver an unrivaled customer experience by offering a broad selection of quality used vehicles and related products and services at competitive, no-haggle prices using a customer-friendly sales process. Our omni-channel experience provides the majority of our customers with multiple options to interact with us throughout their car-buying journeys, including our mobile apps; carmax.com; over the phone or online with a centralized customer experience consultant; or, in-person at one of our attractive, modern sales facilities. We offer customers 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 (“EPP”) products, which include extended service plans (“ESPs”) and guaranteed asset protection (“GAP”); and vehicle repair service.  Vehicles purchased through the appraisal process that do not meet our retail standards are sold to licensed dealers through on-site wholesale auctions. 
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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0.030
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.023
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2020 us-gaap Net Income Loss
NetIncomeLoss
888433000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
842413000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
664112000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164836000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174463000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182660000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166820000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175884000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184470000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.39
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.64
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.33
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.79
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.60
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1355679 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4009566 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2993200 shares
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-56555000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
9835000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2988000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12823000 USD
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
10580000 USD
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-54312000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10162000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3536000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13698000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-68010000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-86885000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4824000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-82061000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-150071000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-68861000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-4560000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-3256000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-16607000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-1101000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-710000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-52254000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-3459000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-2546000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1874000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1949000 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
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-444000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-471000 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
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1430000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1478000 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
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
50824000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1981000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1371000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-47083000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-9103000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
17953000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-12452000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-2400000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
5572000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-34631000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6703000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
12381000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-4614000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
6809000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3009000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1220000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1795000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1196000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3394000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
5014000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1813000 USD
CY2020 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-31237000 USD
CY2019 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-11717000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
14194000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-82061000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13698000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12823000 USD
CY2020Q1 kmx Accumulated Other Comprehensive Income Loss Deferred Taxes
AccumulatedOtherComprehensiveIncomeLossDeferredTaxes
48800000 USD
CY2019Q1 kmx Accumulated Other Comprehensive Income Loss Deferred Taxes
AccumulatedOtherComprehensiveIncomeLossDeferredTaxes
21400000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
57656000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5769000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7678000 USD
CY2020 kmx Finance Lease Cost
FinanceLeaseCost
13447000 USD
CY2020 us-gaap Lease Cost
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71103000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
449094000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
75320000 USD
CY2020Q1 kmx Totalleaseassets
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524414000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30980000 USD
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
5066000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
440671000 USD
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
79327000 USD
CY2020Q1 kmx Totalleaseliabilities
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556044000 USD
CY2020Q1 kmx Finance Lease Accumulated Depreciation
FinanceLeaseAccumulatedDepreciation
9100000 USD
CY2020 dei Document Period End Date
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2020-02-29
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y11M23D
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y6M18D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0540 Rate
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1032 Rate
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
57145000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4027000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4151000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
27136000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
53111000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
54577000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
13053000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
51049000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
13849000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
48441000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
14070000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
47238000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
16729000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
46136000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
12994000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
570667000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
90742000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
818108000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
161437000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
346457000 USD
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
77044000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
471651000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
84393000 USD
CY2020Q1 kmx Lessee Lease Not Yet Commenced Amount
LesseeLeaseNotYetCommencedAmount
36900000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
5139000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
55295000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
6055000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
52142000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
6185000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
48886000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
6288000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
46235000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
5186000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
45067000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
11445000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
595047000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
40298000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
842672000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
8518000 USD
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
31780000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
56900000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
52400000 USD
CY2020 us-gaap Interest Paid
InterestPaid
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CY2019 us-gaap Interest Paid
InterestPaid
74204000 USD
CY2018 us-gaap Interest Paid
InterestPaid
69431000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
286008000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
220669000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
353977000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3840000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1220000 USD
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
48942000 USD
CY2019 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
35848000 USD
CY2018 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
12051000 USD
CY2020Q1 us-gaap Gain Contingency Unrecorded Amount
GainContingencyUnrecordedAmount
40300000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10500000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7400000 USD
CY2020Q1 us-gaap Purchase Obligation
PurchaseObligation
197500000 USD
CY2020Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
65300000 USD
CY2019Q2 us-gaap Revenues
Revenues
5366318000 USD
CY2019Q3 us-gaap Revenues
Revenues
5201151000 USD
CY2019Q4 us-gaap Revenues
Revenues
4790028000 USD
CY2020Q1 us-gaap Revenues
Revenues
4962490000 USD
CY2020 us-gaap Revenues
Revenues
20319987000 USD
CY2019Q2 us-gaap Gross Profit
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742383000 USD
CY2020 us-gaap Gross Profit
GrossProfit
2722340000 USD
CY2019Q3 us-gaap Gross Profit
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693453000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
613647000 USD
CY2020Q1 us-gaap Gross Profit
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672857000 USD
CY2019Q2 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
115959000 USD
CY2019Q3 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
114131000 USD
CY2019Q4 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
114033000 USD
CY2020Q1 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
111907000 USD
CY2020 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
456030000 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
489660000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
480831000 USD
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
484848000 USD
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
484728000 USD
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1940067000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
266744000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
233599000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
173156000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
214934000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
888433000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.41
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.39
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.30
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.33
CY2018Q2 us-gaap Revenues
Revenues
4792592000 USD
CY2018Q3 us-gaap Revenues
Revenues
4766035000 USD
CY2018Q4 us-gaap Revenues
Revenues
4295871000 USD
CY2019Q1 us-gaap Revenues
Revenues
4318602000 USD
CY2019 us-gaap Revenues
Revenues
18173100000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
661340000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
650636000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
569237000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
599378000 USD
CY2019 us-gaap Gross Profit
GrossProfit
2480591000 USD
CY2018Q2 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
115593000 USD
CY2018Q3 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
109667000 USD
CY2018Q4 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
109725000 USD
CY2019Q1 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
103705000 USD
CY2019 kmx Net Income Loss From Financing
NetIncomeLossFromFinancing
438690000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
438234000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
453554000 USD
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
409520000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
428967000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1730275000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
238656000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
220890000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
190311000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
192556000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
842413000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.79

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0001170010-20-000033.txt Edgar Link pending
0001170010-20-000033-xbrl.zip Edgar Link pending
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kmx-20200229.xsd Edgar Link pending
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