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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2017
Nov. 30, 2016
OPERATING ACTIVITIES:    
Net earnings $ 541,966 $ 474,367
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 133,175 125,654
Share-based compensation expense 52,363 72,026
Provision for loan losses 98,982 104,249
Provision for cancellation reserves 50,850 51,768
Deferred income tax provision (benefit) 14,384 (584)
Other 1,223 2,118
Net decrease (increase) in:    
Accounts receivable, net 56,547 40,168
Inventory (179,988) (238,146)
Other current assets (5,422) (5,802)
Auto loan receivables, net (879,731) (900,675)
Other assets (348) 1,193
Net (decrease) increase in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (9,373) 1,840
Other liabilities (67,750) (64,222)
NET CASH USED IN OPERATING ACTIVITIES (193,122) (336,046)
INVESTING ACTIVITIES:    
Capital expenditures (227,559) (315,543)
Proceeds from disposal of property and equipment 96 728
Increase in restricted cash from collections on auto loan receivables (8,592) (13,211)
Increase in restricted cash in reserve accounts (16,799) (11,663)
Release of restricted cash from reserve accounts 13,411 8,083
Purchases of investments (8,525) (6,924)
Sales of investments 466 318
NET CASH USED IN INVESTING ACTIVITIES (247,502) (338,212)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 531 452
Proceeds from issuances of long-term debt 2,996,700 1,660,600
Payments on long-term debt (2,906,700) (1,484,900)
Cash paid for debt issuance costs (11,524) (12,568)
Payments on finance and capital lease obligations (6,704) (8,407)
Issuances of non-recourse notes payable 7,720,963 7,235,000
Payments on non-recourse notes payable (6,976,360) (6,299,802)
Repurchase and retirement of common stock (454,960) (464,352)
Equity issuances 66,549 34,554
NET CASH PROVIDED BY FINANCING ACTIVITIES 428,495 660,577
Decrease in cash and cash equivalents (12,129) (13,681)
Cash and cash equivalents at beginning of year 38,416 37,394
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 26,287 $ 23,713