Segment Reporting (Tables)

3 Months Ended

6 Months Ended

Aug. 31, 2021


	Three Months Ended August 31, 2021
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	7,953,811	$	34,548	$	—	$	7,988,359
Intersegment sales and operating revenues	—		7,008		(7,008)		—
Total sales and operating revenues	$	7,953,811	$	41,556	$	(7,008)	$	7,988,359
Depreciation and amortization (1)	$	176	$	2,208	$	—	$	2,384
Gross profit	$	788,089	$	29,072	$	(1,677)	$	815,484
Reconciliation to Consolidated Earnings Before Taxes (“EBT”):
CAF Income							200,033
Selling, general and administrative expenses							(574,286)
Depreciation and amortization (2)							(52,789)
Interest expense							(22,410)
Other income (expense)							1,782
Earnings before income taxes							$	367,814


	Six Months Ended August 31, 2021
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	15,651,410	$	34,548	$	—	$	15,685,958
Intersegment sales and operating revenues	—		7,008		(7,008)		—
Total sales and operating revenues	$	15,651,410	$	41,556	$	(7,008)	$	15,685,958
Depreciation and amortization (1)	$	301	$	2,208	$	—	$	2,509
Gross profit	$	1,712,598	$	29,072	$	(1,677)	$	1,739,993
Reconciliation to Consolidated Earnings Before Taxes (“EBT”):
CAF Income							441,764
Selling, general and administrative expenses							(1,128,355)
Depreciation and amortization (2)							(102,679)
Interest expense							(42,944)
Other income (expense)							27,359
Earnings before income taxes							$	935,138

(1) Represents only the portion of depreciation and amortization recorded within Cost of sales, and thus included in the calculation of Gross profit.

(2) Exclusive of depreciation and amortization recorded within Cost of sales.