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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
OPERATING ACTIVITIES:      
Net earnings $ 484,762 $ 1,151,297 $ 746,919
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 265,224 273,188 242,156
Share-based compensation expense 85,592 109,197 121,899
Provision for loan losses 317,013 141,692 160,703
Provision for cancellation reserves 98,137 114,928 72,235
Deferred income tax (benefit) provision (6,550) 15,000 (35,787)
Other 4,773 (19,139) (1,409)
Net decrease (increase) in:      
Accounts receivable, net 262,201 (288,195) (43,507)
Inventory 1,398,427 (1,967,432) (323,318)
Other current assets 103,222 (80,790) (50)
Auto loans receivable, net (1,369,103) (1,941,574) (300,838)
Other assets (52,286) (32,272) (12,862)
Net (decrease) increase in:      
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (197,687) 175,106 106,788
Other liabilities (110,393) (200,456) (65,169)
Net Cash Provided by (Used in) Operating Activities 1,283,332 (2,549,450) 667,760
INVESTING ACTIVITIES:      
Capital expenditures (422,710) (308,534) (164,536)
Proceeds from disposal of property and equipment 5,190 260 1,846
Proceeds from Sales of Business, Affiliate and Productive Assets 0 12,298 29,911
Payments to Acquire Investments (12,526) (24,614) (3,729)
Proceeds from Sale and Maturity of Other Investments 4,280 38,408 8,325
Payments to Acquire Businesses, Net of Cash Acquired 0 (241,563) 0
Net Cash Provided by (Used in) Investing Activities (425,766) (523,745) (128,183)
FINANCING ACTIVITIES:      
Decrease in short-term debt, net 0 0 (40)
Proceeds from issuances of long-term debt 3,020,700 7,684,400 1,754,300
Payments on long-term debt (4,275,353) (5,752,796) (2,217,305)
Cash paid for debt issuance costs (19,781) (20,132) (18,296)
Finance Lease, Principal Payments (12,200) (11,923) (7,424)
Issuances of non-recourse notes payable 14,333,896 14,328,298 10,805,546
Payments on non-recourse notes payable (13,440,603) (12,626,308) (10,654,011)
Repurchase and retirement of common stock (333,932) (576,478) (229,938)
Equity issuances 17,093 79,805 143,148
Net Cash Provided by (Used in) Financing Activities (710,180) 3,104,866 (424,020)
Increase in cash, cash equivalents, and restricted cash 147,386 31,671 115,557
Cash, cash equivalents, and restricted cash at beginning of year 803,618 771,947 656,390
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR 951,004 803,618 771,947
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS      
Cash and cash equivalents 314,758 102,716 132,319
Restricted cash from collections on auto loans receivable 470,889 548,099 496,415
Restricted cash included in other assets 165,357 152,803 143,213
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR $ 951,004 $ 803,618 $ 771,947