Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 90

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 90
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 (10,271)— (9,401)— Earnings before income taxes669,360 2.5 641,595 2.4 636,804 2.1 Income tax provision168,804 0.6 162,391 0.6 152,042 0.5 NET EARNINGS $500,556 1.9 $479,204 1.8 $484,762 1.6 WEIGHTED AVERAGE COMMON SHARES:Basic155,330 158,216 158,800 Diluted156,061 158,707 159,771 NET EARNINGS PER SHARE:Basic$3.22 $3.03 $3.05 Diluted$3.21 $3.02 $3.03 

(1)Percents are calculated as a percentage of net sales and operating revenues and may not total due to rounding.

See accompanying notes to consolidated financial statements.

48

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 Years Ended February 28 or 29(In thousands)202520242023NET EARNINGS$500,556 $479,204 $484,762 Other comprehensive (loss) income, net of taxes:   Net change in retirement benefit plan unrecognized actuarial losses1,108 7,474 28,411 Net change in cash flow hedge unrecognized gains(57,307)(46,064)115,880 Other comprehensive (loss) income, net of taxes(56,199)(38,590)144,291 TOTAL COMPREHENSIVE INCOME$444,357 $440,614 $629,053 

 See accompanying notes to consolidated financial statements.

49

CONSOLIDATED BALANCE SHEETS

 As of February 28 or 29(In thousands except share data)20252024ASSETS  CURRENT ASSETS:  Cash and cash equivalents$246,960 $574,142 Restricted cash from collections on auto loans receivable559,118 506,648 Accounts receivable, net188,733 221,153 Inventory3,934,622 3,678,070 Other current assets148,203 246,581 TOTAL CURRENT ASSETS 5,077,636 5,226,594 Auto loans receivable, net of allowance for loan losses of $