v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Aug. 31, 2013
Aug. 31, 2012
OPERATING ACTIVITIES:    
Net earnings $ 286,925 $ 232,382
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 49,160 46,442
Share-based compensation expense 38,002 30,206
Provision for loan losses 29,318 22,090
Loss on disposition of assets 930 446
Deferred income tax benefit (3,200) (76)
Net decrease (increase) in:    
Accounts receivable, net 6,412 16,008
Inventory 153,797 (105,421)
Other current assets (746) (4,605)
Auto loan receivables, net (799,385) (377,475)
Other assets (6,736) 971
Net decrease in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (13,913) (132,469)
Other liabilities (4,173) (14,431)
NET CASH USED IN OPERATING ACTIVITIES (263,609) (285,932)
INVESTING ACTIVITIES:    
Capital expenditures (136,011) (103,918)
Proceeds from sales of assets 4,716 0
Increase in restricted cash from collections on auto loan receivables (27,053) (417)
Increase in restricted cash in reserve accounts (5,319) (3,151)
Release of restricted cash from reserve accounts 15,017 7,992
Sales (purchases) of money market securities, net 1,337 (2,104)
Purchases of investments available-for-sale (1,405) (1,227)
Sales of investments available-for-sale 33 318
NET CASH USED IN INVESTING ACTIVITIES (148,685) (102,507)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 1,384 125
Payments on finance and capital lease obligations (10,932) (6,721)
Issuance of non-recourse notes payable 3,530,000 2,345,000
Payments on non-recourse notes payable (2,654,658) (1,948,095)
Repurchase and retirement of common stock (179,278) 0
Equity issuances, net 14,753 4,209
Excess tax benefits from share-based payment arrangements 11,693 9,830
NET CASH PROVIDED BY FINANCING ACTIVITIES 712,962 404,348
Increase in cash and cash equivalents 300,668 15,909
Cash and cash equivalents at beginning of year 449,364 442,658
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 750,032 $ 458,567