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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2023
Aug. 31, 2022
OPERATING ACTIVITIES:    
Net earnings $ 346,933 $ 378,170
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 126,971 137,903
Share-based compensation expense 69,445 47,010
Provision for loan losses 170,672 133,343
Provision for cancellation reserves 45,199 59,208
Deferred income tax (benefit) provision (24,845) 800
Other 3,868 9,713
Net decrease (increase) in:    
Accounts receivable, net 26,909 158,532
Inventory (113,144) 452,884
Other current assets 33,431 79,188
Auto loans receivable, net (828,631) (804,855)
Other assets (6,668) (31,703)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 132,566 (74,986)
Other liabilities (43,826) (65,618)
Net Cash Provided by (Used in) Operating Activities (61,120) 479,589
INVESTING ACTIVITIES:    
Capital expenditures (210,167) (204,463)
Proceeds from disposal of property and equipment 1,247 84
Purchases of investments (3,236) (5,428)
Sales and returns of investments 405 2,492
Net Cash Provided by (Used in) Investing Activities (211,751) (207,315)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 134,600 2,412,900
Payments on long-term debt (240,093) (3,057,565)
Cash paid for debt issuance costs (10,650) (10,240)
Payments on finance lease obligations (7,810) (9,883)
Issuances of non-recourse notes payable 6,179,929 8,230,501
Payments on non-recourse notes payable (5,532,403) (7,576,056)
Repurchase and retirement of common stock (4,143) (325,168)
Equity issuances 27,534 13,282
Net Cash Provided by (Used in) Financing Activities 546,964 (322,229)
Increase (decrease) in cash, cash equivalents, and restricted cash 274,093 (49,955)
Cash, cash equivalents, and restricted cash at beginning of year 951,004 803,618
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 1,225,097 753,663
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 521,098 56,772
Restricted cash from collections on auto loans receivable 534,792 533,253
Restricted cash included in other assets 169,207 163,638
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,225,097 $ 753,663