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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2021
Aug. 31, 2020
OPERATING ACTIVITIES:    
Net earnings $ 722,023 $ 301,674
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 129,300 118,967
Share-based compensation expense 72,780 62,794
Provision for loan losses 11,107 147,977
Provision for cancellation reserves 62,886 35,678
Deferred income tax provision 32,502 8,598
Other (19,883) 5,098
Net (increase) decrease in:    
Accounts receivable, net (244,471) (12,065)
Inventory (948,299) 21,457
Other current assets (26,496) 19,691
Auto loans receivable, net (1,177,458) 188,601
Other assets (9,745) (6,586)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 115,542 24,912
Other liabilities (105,109) (27,020)
Net Cash Provided by (Used in) Operating Activities (1,385,321) 889,776
INVESTING ACTIVITIES:    
Capital expenditures (137,838) (91,998)
Proceeds from disposal of property and equipment 260 826
Proceeds from Sales of Business, Affiliate and Productive Assets 602 0
Purchases of investments (12,651) (2,566)
Sales and returns of investments 10,954 1,381
Payments to Acquire Businesses, Net of Cash Acquired (241,563) 0
Net Cash Provided by (Used in) Investing Activities (380,236) (92,357)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 167 798
Proceeds from issuances of long-term debt 3,035,601 1,542,500
Payments on long-term debt (2,168,411) (1,425,084)
Cash paid for debt issuance costs (9,547) (8,037)
Payments on finance lease obligations (5,709) (2,880)
Issuances of non-recourse notes payable 7,414,283 4,798,000
Payments on non-recourse notes payable (6,201,801) (5,028,898)
Repurchase and retirement of common stock (355,495) (54,151)
Equity issuances 60,087 91,724
Net Cash Provided by (Used in) Financing Activities 1,769,175 (86,028)
Increase in cash, cash equivalents, and restricted cash 3,618 711,391
Cash, cash equivalents, and restricted cash at beginning of year 771,947 656,390
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 775,565 1,367,781
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 58,095 711,561
Restricted cash from collections on auto loans receivable 570,567 520,876
Restricted cash included in other assets 146,903 135,344
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 775,565 $ 1,367,781