For the quarter ending 2025-11-30, KMX had -$392,372K decrease in cash & cash equivalents over the period. $1,113,319K in free cash flow.
| Cash Flow | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 |
|---|---|---|---|---|
| Net earnings | - | 95,378 | 210,381 | 89,866 |
| Depreciation and amortization | - | 83,931 | 79,784 | 77,469 |
| Share-based compensation expense | - | 24,274 | 46,981 | 27,588 |
| Provision for loan losses | - | - | - | 68,261 |
| Provision for loan, lease, and other losses | - | 142,197 | 101,707 | - |
| Provision for cancellation reserves | - | 17,094 | 24,803 | 22,694 |
| Deferred income tax provision (benefit) | - | 39,642 | 2,782 | -3,763 |
| Other | - | -83 | -1,310 | -14,595 |
| Accounts receivable, net | - | -26,749 | 11,572 | -12,548 |
| Financing receivable, held-for-sale, not part of disposal group, reconciliation to cash flow, period increase (decrease) | - | 283,981 | 637,947 | - |
| Inventory | - | -474,783 | -310,269 | 269,459 |
| Other current assets | - | -3,639 | -2,692 | 18,816 |
| Auto loans held for investment, net | - | -274,311 | -338,338 | -101,890 |
| Other assets | - | 8,177 | -8,224 | 19,230 |
| Accounts payable, accrued expenses and other current liabilities and accrued income taxes | - | -88,603 | -141,867 | 65,019 |
| Other liabilities | - | -15,826 | -22,406 | -36,221 |
| Cash provided by (used in) operating activity, including discontinued operation | 1,253,077 | 785,494 | 299,543 | 146,377 |
| Capital expenditures | 139,758 | 131,468 | 136,736 | 127,617 |
| Proceeds from disposal of property and equipment | 37 | 300 | 48 | 180 |
| Purchases of investments | 2,989 | 839 | 4,926 | 1,260 |
| Sales and returns of investments | 767 | 730 | 425 | 15,620 |
| Cash provided by (used in) investing activity, including discontinued operation | -138,811 | -131,277 | -141,189 | -113,077 |
| Proceeds from issuances of long-term debt | 0 | 0 | 87,000 | 488,400 |
| Payments on long-term debt | 204,052 | 4,025 | 90,930 | 492,391 |
| Cash paid for debt issuance costs | 5,276 | 4,384 | 8,895 | 4,392 |
| Finance lease, principal payments | - | - | - | 16,536 |
| Payments on finance lease obligations | 3,897 | 3,662 | -9,703 | - |
| Issuances of non-recourse notes payable | 2,729,001 | 2,859,305 | 3,988,864 | 3,247,491 |
| Payments on non-recourse notes payable | 3,818,847 | 3,004,689 | 3,906,323 | 3,224,046 |
| Repurchase and retirement of common stock | 203,567 | 180,846 | 204,027 | 98,872 |
| Equity issuances | 0 | 20 | 8,329 | 38,374 |
| Cash provided by (used in) financing activity, including discontinued operation | -1,506,638 | -338,281 | -129,425 | -48,826 |
| Decrease in cash, cash equivalents, and restricted cash | -392,372 | 315,936 | 28,929 | -15,526 |
| Cash and cash equivalents at beginning of period | 1,305,175 | 989,239 | 960,310 | 975,836 |
| Cash and cash equivalents at end of period | 912,803 | 1,305,175 | 989,239 | 960,310 |
CARMAX INC (KMX)
CARMAX INC (KMX)