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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2020
May 31, 2019
OPERATING ACTIVITIES:    
Net earnings $ 4,978 $ 266,744
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 58,340 51,506
Share-based compensation expense 25,057 45,025
Provision for loan losses 122,018 38,152
Provision for cancellation reserves 13,552 25,465
Deferred income tax provision 25,041 9,392
Other 5,386 1,736
Net decrease (increase) in:    
Accounts receivable, net 46,072 5,971
Inventory 946,986 (31,688)
Other current assets (13,769) (10,387)
Auto loans receivable, net 433,044 (386,922)
Other assets (3,247) (6,349)
Net (decrease) increase in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (382,102) 81,886
Other liabilities (31,797) (47,330)
Net Cash Provided by (Used in) Operating Activities 1,249,559 43,201
INVESTING ACTIVITIES:    
Capital expenditures (62,871) (78,970)
Proceeds from disposal of property and equipment 0 2
Purchases of investments (2,369) (7,224)
Sales of investments 168 81
Net Cash Provided by (Used in) Investing Activities (65,072) (86,111)
FINANCING ACTIVITIES:    
Increase (decrease) in short-term debt, net 46 (458)
Proceeds from issuances of long-term debt 977,500 1,715,200
Payments on long-term debt (1,062,578) (1,809,179)
Cash paid for debt issuance costs (2,610) (3,416)
Payments on finance lease obligations (1,370) (745)
Issuances of non-recourse notes payable 1,982,000 2,851,000
Payments on non-recourse notes payable (2,420,291) (2,492,809)
Repurchase and retirement of common stock (54,140) (211,961)
Equity issuances 1,706 33,251
Net Cash Provided by (Used in) Financing Activities (579,737) 80,883
Increase in cash, cash equivalents, and restricted cash 604,750 37,973
Cash, cash equivalents, and restricted cash at beginning of year 656,390 595,377
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 1,261,140 633,350
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 658,022 42,197
Restricted cash from collections on auto loans receivable 480,565 479,436
Restricted cash included in other assets 122,553 111,717
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,261,140 $ 633,350