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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2019
Nov. 30, 2018
OPERATING ACTIVITIES:    
Net earnings $ 673,499 $ 649,857
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 158,226 135,609
Share-based compensation expense 98,177 61,403
Provision for loan losses 132,650 111,703
Provision for cancellation reserves 65,166 54,952
Deferred income tax (benefit) provision (744) 909
Other (72) 4,104
Net (increase) decrease in:    
Accounts receivable, net (2,887) 22,165
Inventory (163,119) (34,006)
Other current assets (41,869) 40,952
Auto loan receivables, net (980,817) (875,269)
Other assets 10,185 (6,734)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 20,604 22,236
Other liabilities (86,905) (73,251)
Net Cash Provided by (Used in) Operating Activities (117,906) 114,630
INVESTING ACTIVITIES:    
Capital expenditures (249,177) (243,311)
Proceeds from disposal of property and equipment 3 680
Purchases of investments (8,438) (5,470)
Sales of investments 1,025 1,104
Net Cash Provided by (Used in) Investing Activities (256,587) (246,997)
FINANCING ACTIVITIES:    
(Decrease) increase in short-term debt, net (708) 309
Proceeds from issuances of long-term debt 4,707,500 2,758,000
Payments on long-term debt (4,702,807) (2,768,419)
Cash paid for debt issuance costs (14,849) (12,329)
Payments on finance lease obligations (2,813) (528)
Issuances of non-recourse notes payable 8,596,000 8,183,502
Payments on non-recourse notes payable (7,810,958) (7,435,128)
Repurchase and retirement of common stock (458,587) (633,170)
Equity issuances 96,367 54,580
Net Cash Provided by (Used in) Financing Activities 409,145 146,817
Increase in cash, cash equivalents, and restricted cash 34,652 14,450
Cash, cash equivalents, and restricted cash at beginning of year 595,377 554,898
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 630,029 569,348
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 56,583 35,049
Restricted cash from collections on auto loan receivables 458,493 426,613
Restricted cash included in other assets 114,953 107,686
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 630,029 $ 569,348