Segment Reporting (Tables)

3 Months Ended

9 Months Ended

Nov. 30, 2021


	Three Months Ended November 30, 2021
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	8,494,437	$	33,322	$	—	$	8,527,759
Intersegment sales and operating revenues	—		7,973		(7,973)		—
Total sales and operating revenues	$	8,494,437	$	41,295	$	(7,973)	$	8,527,759
Depreciation and amortization (1)	$	226	$	2,489	$	—	$	2,715
Gross profit	$	809,998	$	28,275	$	(1,713)	$	836,560
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							165,968
Selling, general and administrative expenses							(575,930)
Depreciation and amortization (2)							(54,428)
Interest expense							(24,303)
Other income (expense)							8,094
Earnings before income taxes							$	355,961


	Nine Months Ended November 30, 2021
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	24,145,847	$	67,870	$	—	$	24,213,717
Intersegment sales and operating revenues	—		14,981		(14,981)		—
Total sales and operating revenues	$	24,145,847	$	82,851	$	(14,981)	$	24,213,717
Depreciation and amortization (1)	$	526	$	4,698	$	—	$	5,224
Gross profit	$	2,522,595	$	57,348	$	(3,390)	$	2,576,553
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							607,732
Selling, general and administrative expenses							(1,704,285)
Depreciation and amortization (2)							(157,107)
Interest expense							(67,247)
Other income (expense)							35,453
Earnings before income taxes							$	1,291,099

(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.