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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2023
Nov. 30, 2022
OPERATING ACTIVITIES:    
Net earnings $ 428,936 $ 415,750
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 193,528 202,655
Share-based compensation expense 90,479 64,974
Provision for loan losses 238,952 218,967
Provision for cancellation reserves 62,587 79,924
Deferred income tax benefit (28,290) (2,178)
Other 8,534 8,879
Net decrease (increase) in:    
Accounts receivable, net 86,377 314,190
Inventory 87,196 1,709,632
Other current assets 91,793 149,777
Auto loans receivable, net (979,052) (1,170,098)
Other assets (8,775) (43,502)
Net decrease in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (60,365) (195,154)
Other liabilities (62,921) (91,739)
Net Cash Provided by (Used in) Operating Activities 148,979 1,662,077
INVESTING ACTIVITIES:    
Capital expenditures (355,442) (319,486)
Proceeds from disposal of property and equipment 1,299 3,806
Purchases of investments (4,641) (6,460)
Sales and returns of investments 1,562 3,486
Net Cash Provided by (Used in) Investing Activities (357,222) (318,654)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 134,600 2,863,500
Payments on long-term debt (242,989) (4,116,775)
Cash paid for debt issuance costs (15,576) (13,987)
Payments on finance lease obligations (12,177) (10,056)
Issuances of non-recourse notes payable 9,099,929 11,351,696
Payments on non-recourse notes payable (8,430,615) (10,581,076)
Repurchase and retirement of common stock (44,287) (333,814)
Equity issuances 28,430 13,504
Net Cash Provided by (Used in) Financing Activities 517,315 (827,008)
Increase in cash, cash equivalents, and restricted cash 309,072 516,415
Cash, cash equivalents, and restricted cash at beginning of year 951,004 803,618
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 1,260,076 1,320,033
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 605,375 688,618
Restricted cash from collections on auto loans receivable 483,570 466,525
Restricted cash included in other assets 171,131 164,890
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,260,076 $ 1,320,033