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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
OPERATING ACTIVITIES:      
Net earnings $ 1,151,297 $ 746,919 $ 888,433
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:      
Depreciation and amortization 273,188 242,156 215,811
Share-based compensation expense 109,197 121,899 108,861
Provision for loan losses 141,692 160,703 185,695
Provision for cancellation reserves 114,928 72,235 89,272
Deferred income tax provision (benefit) 15,000 (35,787) (1,102)
Other (19,139) (1,409) 3,507
Net (increase) decrease in:      
Accounts receivable, net (288,195) (43,507) (51,240)
Inventory (1,967,432) (323,318) (326,961)
Other current assets (80,790) (50) (19,843)
Auto loans receivable, net (1,941,574) (300,838) (1,308,919)
Other assets (32,272) (12,862) 4,265
Net increase (decrease) in:      
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 175,106 106,788 85,442
Other liabilities (200,456) (65,169) (109,827)
Net Cash Provided by (Used in) Operating Activities (2,549,450) 667,760 (236,606)
INVESTING ACTIVITIES:      
Capital expenditures (308,534) (164,536) (331,896)
Proceeds from disposal of property and equipment 260 1,846 3
Proceeds from Sales of Business, Affiliate and Productive Assets 12,298 29,911 0
Payments to Acquire Investments (24,614) (3,729) (59,050)
Proceeds from Sale and Maturity of Other Investments 38,408 8,325 1,579
Payments to Acquire Businesses, Net of Cash Acquired (241,563) 0 0
Net Cash Provided by (Used in) Investing Activities (523,745) (128,183) (389,364)
FINANCING ACTIVITIES:      
Decrease in short-term debt, net 0 (40) (1,089)
Proceeds from issuances of long-term debt 7,684,400 1,754,300 6,277,600
Payments on long-term debt (5,752,796) (2,217,305) (6,199,793)
Cash paid for debt issuance costs (20,132) (18,296) (20,102)
Finance Lease, Principal Payments (11,923) (7,424) (4,151)
Issuances of non-recourse notes payable 14,328,298 10,805,546 11,786,432
Payments on non-recourse notes payable (12,626,308) (10,654,011) (10,708,564)
Repurchase and retirement of common stock (576,478) (229,938) (567,747)
Equity issuances 79,805 143,148 124,397
Net Cash Provided by (Used in) Financing Activities 3,104,866 (424,020) 686,983
Increase in cash, cash equivalents, and restricted cash 31,671 115,557 61,013
Cash, cash equivalents, and restricted cash at beginning of year 771,947 656,390 595,377
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR 803,618 771,947 656,390
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS      
Cash and cash equivalents 102,716 132,319 58,211
Restricted cash from collections on auto loans receivable 548,099 496,415 481,043
Restricted cash included in other assets 152,803 143,213 117,136
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR $ 803,618 $ 771,947 $ 656,390