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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2021
May 31, 2020
OPERATING ACTIVITIES:    
Net earnings $ 436,756 $ 4,978
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 62,356 58,340
Share-based compensation expense 41,074 25,057
Provision for loan losses (24,375) 122,018
Provision for cancellation reserves 34,128 13,552
Deferred income tax provision 24,751 25,041
Other (21,037) 5,386
Net (increase) decrease in:    
Accounts receivable, net (174,149) 46,072
Inventory (91,690) 946,986
Other current assets (9,873) (13,769)
Auto loans receivable, net (644,850) 433,044
Other assets (2,853) (3,247)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 315,784 (382,102)
Other liabilities (57,905) (31,797)
Net Cash Provided by (Used in) Operating Activities (111,883) 1,249,559
INVESTING ACTIVITIES:    
Capital expenditures (59,145) (62,871)
Proceeds from Sales of Business, Affiliate and Productive Assets 617 0
Purchases of investments (4,701) (2,369)
Sales and returns of investments 86 168
Net Cash Provided by (Used in) Investing Activities (63,143) (65,072)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 0 46
Proceeds from issuances of long-term debt 388,600 977,500
Payments on long-term debt (391,235) (1,062,578)
Cash paid for debt issuance costs (3,910) (2,610)
Payments on finance lease obligations (2,789) (1,370)
Issuances of non-recourse notes payable 3,610,819 1,982,000
Payments on non-recourse notes payable (3,014,131) (2,420,291)
Repurchase and retirement of common stock (133,838) (54,140)
Equity issuances 21,589 1,706
Net Cash Provided by (Used in) Financing Activities 475,105 (579,737)
Increase in cash, cash equivalents, and restricted cash 300,079 604,750
Cash, cash equivalents, and restricted cash at beginning of year 771,947 656,390
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 1,072,026 1,261,140
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 377,954 658,022
Restricted cash from collections on auto loans receivable 549,578 480,565
Restricted cash included in other assets 144,494 122,553
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,072,026 $ 1,261,140