Segment Reporting (Tables)

3 Months Ended

Aug. 31, 2022


	Three Months Ended August 31, 2022
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	8,110,524	$	34,279	$	—	$	8,144,803
Intersegment sales and operating revenues	—		6,929		(6,929)		—
Total sales and operating revenues	$	8,110,524	$	41,208	$	(6,929)	$	8,144,803
Depreciation and amortization (1)	$	376	$	3,389	$	—	$	3,765
Gross profit	$	712,284	$	26,362	$	(1,501)	$	737,145
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							182,869
Selling, general and administrative expenses							(666,041)
Depreciation and amortization (2)							(57,692)
Interest expense							(32,745)
Other income (expense)							4,039
Earnings before income taxes							$	167,575


	Six Months Ended August 31, 2022
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	17,387,760	$	68,664	$	—	$	17,456,424
Intersegment sales and operating revenues	—		14,670		(14,670)		—
Total sales and operating revenues	$	17,387,760	$	83,334	$	(14,670)	$	17,456,424
Depreciation and amortization (1)	$	688	$	6,463	$	—	$	7,151
Gross profit	$	1,561,573	$	54,090	$	(3,127)	$	1,612,536
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							387,342
Selling, general and administrative expenses							(1,322,781)
Depreciation and amortization (2)							(113,340)
Interest expense							(61,520)
Other income (expense)							1,940
Earnings before income taxes							$	504,177

(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.