CarMax, Inc. (KMX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Cash from Operations | 17.59M | -554.27M | 1.25B | 785.49M | 299.54M | 146.38M | -23.35M | 619.1M | -117.69M | 309.64M | 210.1M | 124.17M | -185.28M | -378.75M | 1.18B | -51.36M | 530.95M | -466.81M | -697.32M | -1.27B |
| Operating CF Margin % | 0.22% | -9.32% | 21.63% | 11.91% | 3.97% | 2.44% | -0.38% | 8.83% | -1.65% | 5.5% | 3.42% | 1.76% | -2.41% | -6.62% | 18.18% | -0.63% | 5.7% | -6.07% | -8.18% | -15.94% |
| Operating CF Growth % | -94.13% | -478.66% | 5466.04% | 26.88% | 354.52% | -52.73% | -111.11% | 398.61% | 36.48% | 181.75% | -82.23% | 341.74% | -134.9% | 18.86% | 269.58% | 95.97% | 574.56% | -132.67% | -3160.05% | -253.95% |
| Net Income | 185.63M | -120.68M | 62.22M | 95.38M | 210.38M | 89.87M | 125.44M | 132.81M | 152.44M | 50.27M | 82M | 118.64M | 228.3M | 69.01M | 37.58M | 125.91M | 252.26M | 159.84M | 269.44M | 285.27M |
| Depreciation & Amortization | 92.89M | 93.76M | 88.48M | 83.93M | 79.78M | 77.47M | 75.37M | 72.72M | 69.24M | 83.27M | 66.56M | 63.97M | 63M | 62.57M | 64.75M | 67.43M | 70.47M | 72.37M | 71.52M | 66.94M |
| Stock-Based Compensation | 41.95M | 11.66M | 16.11M | 24.27M | 46.98M | 27.59M | 24.42M | 35.22M | 48.1M | 29.24M | 21.03M | 33.06M | 36.38M | 20.62M | 17.96M | 24.57M | 22.44M | 235K | 36.18M | 31.71M |
| Deferred Taxes | -991K | -2.82M | 34.19M | 39.64M | 2.78M | -3.76M | -8.17M | -9.75M | -2.04M | 23.49M | -3.44M | -17.72M | -7.13M | -4.37M | -2.98M | -10.76M | 11.56M | -4.56M | -12.94M | 7.75M |
| Other Non-Cash Items | 36.66M | 122.77M | 977.51M | 159.37M | 127.82M | 105.55M | 102.46M | 136.41M | 108.11M | 73.62M | 90.33M | 111.8M | 107.94M | 112.15M | 105.51M | 107.36M | 94.9M | 85.34M | 98.03M | 65.39M |
| Working Capital Changes | -338.55M | -658.95M | 74.57M | 382.89M | -168.21M | -150.33M | -342.87M | 251.7M | -493.55M | 49.75M | -46.38M | -185.59M | -613.77M | -638.73M | 959.66M | -365.87M | 79.31M | -780.02M | -1.16B | -1.73B |
| Change in Receivables | -59.47M | 284.99M | 175.42M | 17.08M | -311.18M | 114.44M | -45.13M | -273.58M | 8.78M | -10.26M | 59.47M | 49.35M | -22.44M | -51.99M | 155.66M | 208.13M | -49.6M | 2.15M | -45.88M | -70.32M |
| Change in Inventory | 74.24M | -1.01B | 21.62M | 474.78M | 310.27M | -269.46M | -267.42M | 375.14M | -94.81M | -39.12M | 200.34M | 241.93M | -355.08M | -311.2M | 1.26B | 19.4M | 433.48M | -465.11M | -554.02M | -856.61M |
| Change in Payables | -58.27M | -43.78M | -90.55M | -88.6M | -141.87M | 65.02M | -16.78M | 98.68M | -75.21M | 178.88M | -192.93M | -106.71M | 239.28M | -2.53M | -120.17M | -180.43M | 105.44M | 4.63M | 54.93M | -200.24M |
| Cash from Investing | -99.63M | -128.77M | -138.81M | -131.28M | -141.19M | -113.08M | -132.46M | -109.59M | -105.87M | -109.78M | -145.47M | -74.99M | -136.76M | -107.11M | -111.34M | -108.28M | -99.04M | -91.06M | -52.45M | -317.09M |
| Capital Expenditures | -103.33M | -133.03M | -139.76M | -131.47M | -136.74M | -127.62M | -127.2M | -109.21M | -103.91M | -109.86M | -145.28M | -73.45M | -136.72M | -103.22M | -115.02M | -109.66M | -94.81M | -81.63M | -89.06M | -78.69M |
| CapEx % of Revenue | 1.29% | 2.24% | 2.41% | 1.99% | 1.81% | 2.13% | 2.04% | 1.56% | 1.46% | 1.95% | 2.36% | 1.04% | 1.78% | 1.8% | 1.77% | 1.35% | 1.02% | 1.06% | 1.04% | 0.99% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -1K | 0 | 1K | 52K | 145.28M | 73.45M | 1.17M | 0 | 0 | 84K | 4.23M | 14K | 11.68M | -241.58M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.53M | 4.44M | 3.17M | 300K | 48K | 180K | 1.13M | 129K | 0 | 0 | -145.22M | -73.37M | -40K | 1.38M | 3.72M | 84K | -4.23M | 0 | 0 | 260K |
| Cash from Financing | 90.52M | 633.08M | -1.51B | -338.28M | -129.43M | -48.83M | -121.64M | -170.68M | -112.38M | -209.53M | -29.65M | 240.37M | 306.6M | 116.83M | -504.78M | 132.73M | -454.96M | 596.92M | 738.77M | 1.29B |
| Debt Issued (Net) | 248.18M | 711.43M | -1.3B | -153.07M | 75.17M | 16.06M | -6.56M | -79M | -8.07M | -170.01M | 14.53M | 221.08M | 313.14M | 119.15M | -492.61M | 291.38M | -295.43M | 699.62M | 847.92M | 1.48B |
| Equity Issued (Net) | -2.31M | -46M | -211.92M | -180.83M | -195.7M | -60.5M | -111.2M | -84.37M | -98.64M | -33.46M | -40.14M | 26.33M | -2.94M | 3.47M | -8.42M | -152.35M | -162.97M | -97.03M | -104.23M | -183.16M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.31M | -54.35M | -203.57M | -180.85M | -204.03M | -98.87M | -116.28M | -106.45M | -106.85M | -49.8M | -40.14M | -212K | -3.93M | -118K | -8.65M | -162.19M | -162.97M | -100.53M | -120.45M | -221.66M |
| Other Financing | -155.35M | -32.35M | 8.35M | -4.38M | -8.89M | -4.39M | -3.88M | -7.32M | -5.67M | -6.06M | -4.03M | -7.04M | -3.61M | -5.79M | -3.75M | -6.3M | 3.44M | -5.66M | -4.93M | -5.64M |
| Net Change in Cash | 8.48M | -49.95M | -392.37M | 315.94M | 28.93M | -15.53M | -277.46M | 338.83M | -335.94M | -8.15M | 34.98M | 289.54M | -15.45M | -369.03M | 566.37M | -26.91M | -23.04M | 39.06M | -11.01M | -296.46M |
| Free Cash Flow | -85.75M | -687.29M | 1.11B | 654.03M | 162.81M | 18.76M | -150.55M | 509.89M | -221.6M | 199.77M | 64.82M | 50.72M | -322M | -481.97M | 1.07B | -161.02M | 436.14M | -548.44M | -786.39M | -1.35B |
| FCF Margin % | -1.07% | -11.56% | 19.22% | 9.92% | 2.16% | 0.31% | -2.42% | 7.27% | -3.12% | 3.55% | 1.05% | 0.72% | -4.19% | -8.42% | 16.41% | -1.98% | 4.68% | -7.13% | -9.22% | -16.93% |
| FCF Growth % | -152.67% | -3763.61% | 839.5% | 28.27% | 173.47% | -90.61% | -332.25% | 905.37% | 31.18% | 141.45% | -93.93% | 131.5% | -173.83% | 12.12% | 235.74% | 88.09% | 355.01% | -127.37% | -1374.18% | -247.67% |
| FCF per Share | -0.60 | -4.66 | 7.45 | 4.33 | 1.07 | 0.12 | -0.97 | 3.26 | -1.41 | 1.26 | 0.41 | 0.32 | -2.03 | -3.04 | 6.73 | -1.00 | 2.70 | -3.35 | -4.77 | -8.16 |
| FCF Conversion (FCF/Net Income) | 0.09x | 4.59x | 20.14x | 8.24x | 1.42x | 1.63x | -0.19x | 4.66x | -0.77x | 6.16x | 2.56x | 1.05x | -0.81x | -5.49x | 31.47x | -0.41x | 2.10x | -2.92x | -2.59x | -4.46x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |