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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
OPERATING ACTIVITIES:    
Net earnings $ 991,461 $ 536,974
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 200,819 180,495
Share-based compensation expense 108,962 73,946
Provision for loan losses 87,342 156,147
Provision for cancellation reserves 91,607 53,511
Deferred income tax provision (benefit) 19,564 (19,529)
Other (26,808) 5,966
Net (increase) decrease in:    
Accounts receivable, net (290,346) 22,111
Inventory (1,502,323) 66,211
Other current assets (13,615) 29,478
Auto loans receivable, net (1,764,693) (73,827)
Other assets (18,309) (8,151)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 170,474 (124,092)
Other liabilities (136,780) (30,854)
Net Cash Provided by (Used in) Operating Activities (2,082,645) 868,386
INVESTING ACTIVITIES:    
Capital expenditures (226,903) (123,952)
Proceeds from disposal of property and equipment 260 1,846
Proceeds from Sales of Business, Affiliate and Productive Assets 12,284 0
Purchases of investments (13,676) (2,709)
Sales and returns of investments 36,915 2,739
Payments to Acquire Businesses, Net of Cash Acquired (241,563) 0
Net Cash Provided by (Used in) Investing Activities (432,683) (122,076)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 0 968
Proceeds from issuances of long-term debt 5,804,200 1,562,300
Payments on long-term debt (4,524,973) (2,022,586)
Cash paid for debt issuance costs (14,473) (12,797)
Payments on finance lease obligations (8,822) (4,871)
Issuances of non-recourse notes payable 11,217,298 7,947,313
Payments on non-recourse notes payable (9,565,649) (7,940,254)
Repurchase and retirement of common stock (475,950) (158,625)
Equity issuances 76,310 94,295
Net Cash Provided by (Used in) Financing Activities 2,507,941 (534,257)
(Decrease) increase in cash, cash equivalents, and restricted cash (7,387) 212,053
Cash, cash equivalents, and restricted cash at beginning of year 771,947 656,390
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 764,560 868,443
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 62,598 236,643
Restricted cash from collections on auto loans receivable 552,487 492,610
Restricted cash included in other assets 149,475 139,190
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 764,560 $ 868,443