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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2020
Nov. 30, 2019
OPERATING ACTIVITIES:    
Net earnings $ 536,974 $ 673,499
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 180,495 158,226
Share-based compensation expense 73,946 98,177
Provision for loan losses 156,147 132,650
Provision for cancellation reserves 53,511 65,166
Deferred income tax benefit (19,529) (744)
Other 5,966 (72)
Net decrease (increase) in:    
Accounts receivable, net 22,111 (2,887)
Inventory 66,211 (163,119)
Other current assets 29,478 (41,869)
Auto loans receivable, net (73,827) (980,817)
Other assets (8,151) 10,185
Net (decrease) increase in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (124,092) 20,604
Other liabilities (30,854) (86,905)
Net Cash Provided by (Used in) Operating Activities 868,386 (117,906)
INVESTING ACTIVITIES:    
Capital expenditures (123,952) (249,177)
Proceeds from disposal of property and equipment 1,846 3
Purchases of investments (2,709) (8,438)
Sales of investments 2,739 1,025
Net Cash Provided by (Used in) Investing Activities (122,076) (256,587)
FINANCING ACTIVITIES:    
Increase (decrease) in short-term debt, net 968 (708)
Proceeds from issuances of long-term debt 1,562,300 4,707,500
Payments on long-term debt (2,022,586) (4,702,807)
Cash paid for debt issuance costs (12,797) (14,849)
Payments on finance lease obligations (4,871) (2,813)
Issuances of non-recourse notes payable 7,947,313 8,596,000
Payments on non-recourse notes payable (7,940,254) (7,810,958)
Repurchase and retirement of common stock (158,625) (458,587)
Equity issuances 94,295 96,367
Net Cash Provided by (Used in) Financing Activities (534,257) 409,145
Increase in cash, cash equivalents, and restricted cash 212,053 34,652
Cash, cash equivalents, and restricted cash at beginning of year 656,390 595,377
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 868,443 630,029
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 236,643 56,583
Restricted cash from collections on auto loans receivable 492,610 458,493
Restricted cash included in other assets 139,190 114,953
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 868,443 $ 630,029