Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 142

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 142
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202520242023Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$95,638 $88,704 $89,321 Operating cash flows from finance leases$24,141 $24,782 $19,371 Financing cash flows from finance leases$16,536 $16,674 $12,200 Lease assets obtained in exchange for lease obligations:Operating leases$43,161 $30,746 $58,121 Finance leases$7,459 $51,660 $37,931 Maturities of lease liabilities were as follows:As of February 28, 2025(In thousands)Operating Leases (1)Finance Leases (1)Fiscal 2026$85,596 $38,985 Fiscal 202779,275 39,815 Fiscal 202875,165 35,616 Fiscal 202953,299 35,353 Fiscal 203043,370 28,271 Thereafter497,480 252,502 Total lease payments834,185 430,542 Less: interest(292,887)(226,311)Present value of lease liabilities$541,298 $204,231 (1)    Lease payments exclude $4.6 million of legally binding minimum lease payments for leases signed but not yet commenced.

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17.  SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental disclosures of cash flow information:Years Ended February 28 or 29(In thousands)202520242023Cash paid for interest$104,934 $123,545 $122,147 Cash paid for income taxes$69,599 $164,612 $152,626 Non-cash investing and financing activities:Increase (decrease) in accrued capital expenditures$13,486 $(17,535)$7,557 (Decrease) increase in financing obligations$(16,157)$4,527 $7,863 See Note 16 for supplemental cash flow information related to leases.

18.  COMMITMENTS AND CONTINGENCIES

(A)LitigationThe company is a class member in a consolidated and settled class action lawsuit (In re: Takata Airbag Product Liability Litigation (U.S. District Court, Southern District of Florida)) against Toyota, Mazda, Subaru, BMW, Honda, Nissan, Ford and Volkswagen related to the economic