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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2016
Nov. 30, 2015
OPERATING ACTIVITIES:    
Net earnings $ 474,367 $ 482,401
Adjustments to reconcile net earnings to net cash used in operating activities    
Depreciation and amortization 125,654 100,504
Share-based compensation expense 72,026 45,284
Provision for loan losses 104,249 70,165
Provision for cancellation reserves 51,768 61,048
Deferred income tax benefit (584) (8,322)
Other 2,118 3,007
Net decrease (increase) in:    
Accounts receivable, net 40,168 49,160
Inventory (238,146) (66,396)
Other current assets (5,802) 12,397
Auto loan receivables, net (900,675) (952,974)
Other assets 1,193 268
Net decrease in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (5,240) (109,243)
Other liabilities (64,222) (68,878)
NET CASH USED IN OPERATING ACTIVITIES (343,126) (381,579)
INVESTING ACTIVITIES:    
Capital expenditures (315,543) (240,835)
Proceeds from sales of assets 728 1,520
Increase in restricted cash from collections on auto loan receivables (13,211) (22,064)
Increase in restricted cash in reserve accounts (11,663) (8,383)
Release of restricted cash from reserve accounts 8,083 5,907
Purchases of money market securities, net (3,482) (6,106)
Purchases of trading securities (3,442) (4,759)
Sales of trading securities 318 101
NET CASH USED IN INVESTING ACTIVITIES (338,212) (274,619)
FINANCING ACTIVITIES:    
Increase (decrease) in short-term debt, net 452 (749)
Proceeds from issuances of long-term debt 1,660,600 1,137,300
Payments on long-term debt (1,484,900) (583,300)
Cash paid for debt issuance costs (12,568) (3,104)
Payments on finance and capital lease obligations (8,407) (13,310)
Issuances of non-recourse notes payable 7,235,000 7,430,805
Payments on non-recourse notes payable (6,299,802) (6,565,516)
Repurchase and retirement of common stock (464,352) (816,181)
Equity issuances 34,554 44,855
Excess tax benefits from share-based payment arrangements 7,080 31,138
NET CASH PROVIDED BY FINANCING ACTIVITIES 667,657 661,938
(Decrease) increase in cash and cash equivalents (13,681) 5,740
Cash and cash equivalents at beginning of year 37,394 27,606
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 23,713 $ 33,346