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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2025
May 31, 2024
OPERATING ACTIVITIES:    
Net earnings $ 210,381 $ 152,440
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 79,784 69,244
Share-based compensation expense 46,981 48,098
Provision for Loan, Lease, and Other Losses 101,707 81,226
Provision for cancellation reserves 24,803 24,343
Deferred income tax provision (benefit) 2,782 (2,036)
Other 1,310 2,545
Net (increase) decrease in:    
Accounts receivable, net (11,572) 8,783
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, Reconciliation to Cash Flow, Period Increase (Decrease) (637,947) 0
Inventory 310,269 (94,815)
Other current assets 2,692 32,881
Auto loans held for investment, net 338,338 (337,703)
Other assets (5,712) (3,797)
Net decrease in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (141,867) (75,206)
Other liabilities (22,406) (23,692)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 299,543 (117,689)
INVESTING ACTIVITIES:    
Capital expenditures (136,736) (103,914)
Proceeds from disposal of property and equipment 48 1
Purchases of investments (4,926) (2,093)
Sales and returns of investments 425 136
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation (141,189) (105,870)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 87,000 0
Payments on long-term debt (90,930) (303,080)
Cash paid for debt issuance costs (8,895) (5,668)
Payments on finance lease obligations (3,443) (4,548)
Issuances of non-recourse notes payable 3,988,864 3,676,000
Payments on non-recourse notes payable (3,906,323) (3,376,447)
Repurchase and retirement of common stock (204,027) (106,850)
Equity issuances 8,329 8,209
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation (129,425) (112,384)
Increase (decrease) in cash, cash equivalents, and restricted cash 28,929 (335,943)
Cash, cash equivalents, and restricted cash at beginning of year 960,310 1,250,410
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 989,239 914,467
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 262,819 218,931
Restricted cash from collections on auto loans held for investment 584,277 536,407
Restricted cash included in other assets 142,143 159,129
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 989,239 $ 914,467