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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2022
May 31, 2021
OPERATING ACTIVITIES:    
Net earnings $ 252,265 $ 436,756
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 70,473 62,356
Share-based compensation expense 22,443 41,074
Provision for loan losses 57,840 (24,375)
Provision for cancellation reserves 31,719 34,128
Deferred income tax provision 11,561 24,751
Other 5,342 (21,037)
Net (increase) decrease in:    
Accounts receivable, net (49,603) (174,149)
Inventory 433,484 (91,690)
Other current assets 73,315 (9,873)
Auto loans receivable, net (440,744) (644,850)
Other assets (15,154) (2,853)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 105,445 315,784
Other liabilities (27,434) (57,905)
Net Cash Provided by (Used in) Operating Activities 530,952 (111,883)
INVESTING ACTIVITIES:    
Capital expenditures (94,808) (59,145)
Proceeds from Sales of Business, Affiliate and Productive Assets 0 617
Purchases of investments (4,380) (4,701)
Sales and returns of investments 150 86
Net Cash Provided by (Used in) Investing Activities (99,038) (63,143)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 1,043,100 388,600
Payments on long-term debt (1,629,024) (391,235)
Cash paid for debt issuance costs (3,940) (3,910)
Payments on finance lease obligations (2,925) (2,789)
Issuances of non-recourse notes payable 3,569,605 3,610,819
Payments on non-recourse notes payable (3,272,242) (3,014,131)
Repurchase and retirement of common stock (162,974) (133,838)
Equity issuances 3,443 21,589
Net Cash Provided by (Used in) Financing Activities (454,957) 475,105
(Decrease) increase in cash, cash equivalents, and restricted cash (23,043) 300,079
Cash, cash equivalents, and restricted cash at beginning of year 803,618 771,947
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 780,575 1,072,026
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 95,313 377,954
Restricted cash from collections on auto loans receivable 531,344 549,578
Restricted cash included in other assets 153,918 144,494
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 780,575 $ 1,072,026