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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
OPERATING ACTIVITIES:    
Net earnings $ 378,170 $ 722,023
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 137,903 129,300
Share-based compensation expense 47,010 72,780
Provision for loan losses 133,343 11,107
Provision for cancellation reserves 59,208 62,886
Deferred income tax provision 800 32,502
Other 9,713 (19,883)
Net decrease (increase) in:    
Accounts receivable, net 158,532 (244,471)
Inventory 452,884 (948,299)
Other current assets 79,188 (26,496)
Auto loans receivable, net (804,855) (1,177,458)
Other assets (31,703) (9,745)
Net (decrease) increase in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (74,986) 115,542
Other liabilities (65,618) (105,109)
Net Cash Provided by (Used in) Operating Activities 479,589 (1,385,321)
INVESTING ACTIVITIES:    
Capital expenditures (204,463) (137,838)
Proceeds from disposal of property and equipment 84 260
Proceeds from Sales of Business, Affiliate and Productive Assets 0 602
Purchases of investments (5,428) (12,651)
Sales and returns of investments 2,492 10,954
Payments to Acquire Businesses, Net of Cash Acquired 0 (241,563)
Net Cash Provided by (Used in) Investing Activities (207,315) (380,236)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 0 167
Proceeds from issuances of long-term debt 2,412,900 3,035,601
Payments on long-term debt (3,057,565) (2,168,411)
Cash paid for debt issuance costs (10,240) (9,547)
Payments on finance lease obligations (9,883) (5,709)
Issuances of non-recourse notes payable 8,230,501 7,414,283
Payments on non-recourse notes payable (7,576,056) (6,201,801)
Repurchase and retirement of common stock (325,168) (355,495)
Equity issuances 13,282 60,087
Net Cash Provided by (Used in) Financing Activities (322,229) 1,769,175
(Decrease) increase in cash, cash equivalents, and restricted cash (49,955) 3,618
Cash, cash equivalents, and restricted cash at beginning of year 803,618 771,947
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 753,663 775,565
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 56,772 58,095
Restricted cash from collections on auto loans receivable 533,253 570,567
Restricted cash included in other assets 163,638 146,903
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 753,663 $ 775,565