CarMax, Inc. (KMX)

CarMax Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Net Income	457.84	500.56	479.2	484.76	1,151	746.92
Depreciation & Amortization	329.67	294.8	260.41	265.22	273.19	242.16
Stock-Based Compensation	114.95	134.71	119.72	85.59	109.2	121.9
Other Adjustments	534.09	429.43	395.28	413.37	252.48	195.74
Change in Receivables	50.18	32.42	77.63	262.2	-288.2	-43.51
Changes in Inventories	537.22	-256.55	48.07	1,398	-1,967	-323.32
Changes in Accounts Payable	-256	71.71	118.51	-197.69	175.11	106.79
Changes in Other Operating Activities	-1,114	-582.63	-1,040	-1,429	-2,255	-378.92
Operating Cash Flow	2,484	624.44	458.62	1,283	-2,549	667.76
Operating Cash Flow Growth	215.41%	36.16%	-64.26%	-	-	-
Capital Expenditures	-535.58	-467.94	-465.31	-422.71	-308.53	-164.54
Sale of Property, Plant & Equipment	0.57	0.33	1.35	5.19	0.26	1.85
Purchases of Investments	-10.01	-10.74	-6.19	-12.53	-24.61	-3.73
Proceeds from Sale of Investments	17.54	17.34	3.15	4.28	38.41	8.33
Payments for Business Acquisitions	-	-	-	-	-241.56	-
Proceeds from Business Divestments	-	-	-	-	12.3	29.91
Investing Cash Flow	-524.35	-461	-467	-425.77	-523.75	-128.18
Long-Term Debt Issued	13,444	13,491	12,515	17,355	22,013	12,560
Long-Term Debt Repaid	-14,760	-13,569	-12,136	-17,728	-18,391	-12,879
Net Long-Term Debt Issued (Repaid)	-1,316	-77.57	378.74	-373.56	3,622	-318.89
Issuance of Common Stock	46.72	73.74	44.77	17.09	79.81	143.15
Repurchase of Common Stock	-687.31	-428.45	-94.09	-333.93	-576.48	-229.94
Net Common Stock Issued (Repurchased)	-640.59	-354.71	-49.32	-316.84	-496.67	-86.79
Other Financing Activities	-22.95	-21.25	-21.63	-19.78	-20.13	-18.34
Financing Cash Flow	-2,023	-453.54	307.79	-710.18	3,105	-424.02
Net Cash Flow	-63.03	-290.1	299.41	147.39	31.67	115.56
Free Cash Flow	1,949	156.5	-6.69	860.62	-2,858	503.22
Free Cash Flow Growth	1145.31%	-	-	-	-	-
FCF Margin	7.51%	0.59%	-0.03%	2.90%	-8.96%	2.66%
Free Cash Flow Per Share	12.93	1.00	-0.04	5.39	-17.30	3.05
Levered Free Cash Flow	-1,941	-517.63	-220.58	-274.1	690.2	-89.8
Unlevered Free Cash Flow	-927.26	-785.68	-938.25	-321.06	-3,504	-146.13

Updated Dec 18, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q