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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
OPERATING ACTIVITIES:    
Net earnings $ 410,690 $ 428,936
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 217,332 193,528
Share-based compensation expense 107,121 90,479
Provision for loan losses 266,406 238,952
Provision for cancellation reserves 75,007 62,587
Deferred income tax benefit (19,961) (28,290)
Other 6,186 8,534
Net decrease (increase) in:    
Accounts receivable, net 19,872 86,377
Inventory 12,907 87,196
Other current assets 127,978 91,793
Auto loans receivable, net (667,502) (979,052)
Other assets (13,936) (8,775)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 6,695 (60,365)
Other liabilities (70,733) (62,921)
Net Cash Provided by (Used in) Operating Activities 478,062 148,979
INVESTING ACTIVITIES:    
Capital expenditures (340,322) (355,442)
Proceeds from disposal of property and equipment 153 1,299
Purchases of investments (9,478) (4,641)
Sales and returns of investments 1,722 1,562
Net Cash Provided by (Used in) Investing Activities (347,925) (357,222)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 34,400 134,600
Payments on long-term debt (344,231) (242,989)
Cash paid for debt issuance costs (16,861) (15,576)
Payments on finance lease obligations (13,146) (12,177)
Issuances of non-recourse notes payable 9,721,000 9,099,929
Payments on non-recourse notes payable (9,491,659) (8,430,615)
Repurchase and retirement of common stock (329,581) (44,287)
Equity issuances 35,367 28,430
Net Cash Provided by (Used in) Financing Activities (404,711) 517,315
(Decrease) increase in cash, cash equivalents, and restricted cash (274,574) 309,072
Cash, cash equivalents, and restricted cash at beginning of year 1,250,410 951,004
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 975,836 1,260,076
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 271,910 605,375
Restricted cash from collections on auto loans receivable 541,153 483,570
Restricted cash included in other assets 162,773 171,131
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 975,836 $ 1,260,076