For the year ending 2026-02-28, KMX had -$97,460K decrease in cash & cash equivalents over the period. $1,242,858K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 |
|---|---|---|---|---|
| Net earnings | 247,290 | 500,556 | 479,204 | 484,762 |
| Depreciation and amortization | 345,962 | 294,801 | 260,414 | 265,224 |
| Share-based compensation expense | 99,018 | 134,709 | 119,720 | 85,592 |
| Provision for loan losses | 391,200 | 334,667 | 310,516 | 317,013 |
| Provision for cancellation reserves | 75,827 | 97,701 | 80,311 | 98,137 |
| Deferred income tax provision (benefit) | 73,800 | -23,724 | -4,800 | -6,550 |
| Proceeds from sale, loan, held-for-sale | 908,927 | - | - | - |
| Goodwill, impairment loss | 141,258 | - | - | - |
| Other | -9,345 | -20,781 | -9,252 | -4,773 |
| Accounts receivable, net | 15,720 | -32,420 | -77,630 | -262,201 |
| Financing receivable, held-for-sale, not part of disposal group, reconciliation to cash flow, period increase (decrease) | 100,491 | - | - | - |
| Inventory | 202,383 | 256,552 | -48,072 | -1,398,427 |
| Other current assets | 7,813 | -109,162 | -39,939 | -103,222 |
| Auto loans held for investment, net | 31,308 | 565,612 | 980,569 | 1,369,103 |
| Other assets | 31,958 | 19,230 | 13,902 | 52,286 |
| Accounts payable, accrued expenses and other current liabilities and accrued income taxes | -43,784 | 71,714 | 118,511 | -197,687 |
| Accounts payable, accrued expenses and other | -75,323 | -106,954 | -85,681 | -110,393 |
| Cash provided by (used in) operating activity, including discontinued operation | 1,783,847 | 624,439 | 458,617 | 1,283,332 |
| Proceeds from disposal of property and equipment | 540,989 | 467,939 | 465,307 | 422,710 |
| Proceeds from sale of property, plant, and equipment | 418 | 333 | 1,351 | 5,190 |
| Proceeds from sales of business, affiliate and productive assets | - | - | 0 | 0 |
| Purchases of investments | 10,007 | 10,738 | 6,193 | 12,526 |
| Sales and returns of investments | 2,994 | 17,342 | 3,151 | 4,280 |
| Principal payments received on beneficial interests | 7,539 | - | - | - |
| Cash provided by (used in) investing activity, including discontinued operation | -540,045 | -461,002 | -466,998 | -425,766 |
| Decrease in short-term debt, net | - | - | - | 0 |
| Proceeds from issuances of long-term debt | 1,538,400 | 522,800 | 134,600 | 3,020,700 |
| Payments on long-term debt | 913,804 | 836,622 | 246,067 | 4,275,353 |
| Cash paid for debt issuance costs | 24,227 | 21,253 | 21,633 | 19,781 |
| Finance lease, principal payments | 15,044 | 16,536 | 16,674 | 12,200 |
| Issuances of non-recourse notes payable | 13,060,375 | 12,968,491 | 12,380,050 | 14,333,896 |
| Payments on non-recourse notes payable | 14,352,524 | 12,715,705 | 11,873,169 | 13,440,603 |
| Repurchase and retirement of common stock | 642,786 | 428,453 | 94,086 | 333,932 |
| Equity issuances | 8,348 | 73,741 | 44,766 | 17,093 |
| Cash provided by (used in) financing activity, including discontinued operation | -1,341,262 | -453,537 | 307,787 | -710,180 |
| (decrease) increase in cash, cash equivalents, and restricted cash | -97,460 | -290,100 | 299,406 | 147,386 |
| Cash, cash equivalents, and restricted cash at beginning of year | 960,310 | 1,250,410 | 951,004 | 803,618 |
| Cash, cash equivalents, and restricted cash at end of year | 862,850 | 960,310 | 1,250,410 | 951,004 |