CarMax 2008 Annual Report Download - page 29

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17
Item 6. Selected Financial Data.
FY08 FY07 FY06 FY05 FY04 FY03
Income statement information
(In millions)
Used vehicle sales .................................... $ 6,589.3 $ 5,872.8 $ 4,771.3 $ 3,997.2 $ 3,470.6 $ 2,912.1
New vehicle sales ............................................ 370.6 445.1 502.8 492.1 515.4 519.8
Wholesale vehicle sales................................... 985.0 918.4 778.3 589.7 440.6 366.6
Other sales and revenues................................. 254.6 229.3 207.6 181.3 171.1 171.4
Net sales and operating revenues.............. 8,199.6 7,465.7 6,260.0 5,260.3 4,597.7 3,969.9
Gross profit ...................................................... 1,072.4 971.1 790.7 650.2 570.9 468.2
CarMax Auto Finance income........................ 85.9 132.6 104.3 82.7 85.0 82.4
SG&A ............................................................. 858.4 776.2 674.4 565.3 479.3 399.5
Earnings before income taxes......................... 297.1 323.3 217.6 165.8 178.4 149.6
Provision for income taxes.............................. 115.0 124.8 83.4 64.5 68.9 59.2
Net earnings..................................................... 182.0 198.6 134.2 101.3 109.6 90.4
Share and per share
information (Shares in millions)
Weighted average shares outstanding:
Basic................................................................. 216.0 212.5 209.3 208.1 207.0 206.0
Diluted.............................................................. 220.5 216.7 212.8 211.3 210.6 209.1
Net earnings per share:
Basic................................................................. $ 0.84 $ 0.93 $ 0.64 $ 0.49 $ 0.53 $ 0.44
Diluted.............................................................. $ 0.83 $ 0.92 $ 0.63 $ 0.48 $ 0.52 $ 0.43
Balance sheet information (In millions)
Total current assets .......................................... $ 1,356.9 $ 1,150.5 $ 941.7 $ 853.0 $ 760.5 $ 697.3
Total assets....................................................... 2,333.2 1,885.6 1,509.6 1,306.3 1,055.1 921.7
Total current liabilities..................................... 490.0 512.0 344.9 317.8 232.2 237.7
Short-term debt................................................ 21.0 3.3 0.5 65.2 4.4 56.1
Current portion of long-term debt................... 79.7 148.4 59.8 0.3 — —
Long-term debt, excluding current portion .... 227.2 33.7 134.8 128.4 100.0 100.0
Total shareholders’ equity............................... 1,488.9 1,247.4 980.1 814.2 688.0 558.6
Unit sales information
Used vehicle units sold.................................... 377,244 337,021 289,888 253,168 224,099 190,135
New vehicle units sold .................................... 15,485 18,563 20,901 20,636 21,641 22,360
Wholesale vehicle units sold........................... 222,406 208,959 179,548 155,393 127,168 104,593
Percent changes in
Comparable store used vehicle unit sales....... 3 9 4 1 6 8
Total used vehicle unit sales............................ 12 16 15 13 18 16
Total net sales and operating revenues ........... 10 19 19 14 16 12
Net earnings..................................................... (8) 48 32 (8) 21 2
Diluted net earnings per share......................... (10) 46 31 (8) 21 —
Other year-end information
Used car superstores........................................ 89 77 67 58 49 40
Retail stores...................................................... 92 81 71 61 52 44
Associates ........................................................ 15,637 13,736 11,712 10,815 9,355 8,263