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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2018
May 31, 2017
OPERATING ACTIVITIES:    
Net earnings $ 238,656 $ 211,702
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 45,343 43,894
Share-based compensation expense 28,998 18,726
Provision for loan losses 30,872 28,579
Provision for cancellation reserves 20,089 17,113
Deferred income tax provision 3,602 6,782
Other 1,468 621
Net decrease (increase) in:    
Accounts receivable, net 31,970 47,643
Inventory 130,665 112,316
Other current assets 6,806 5,451
Auto loan receivables, net (337,917) (325,347)
Other assets (3,078) 809
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 81,729 52,673
Other liabilities (48,354) (29,469)
NET CASH PROVIDED BY OPERATING ACTIVITIES 230,849 191,493
INVESTING ACTIVITIES:    
Capital expenditures (79,720) (79,416)
Proceeds from disposal of property and equipment 320 0
Purchases of investments (5,094) (1,055)
Sales of investments 77 238
NET CASH USED IN INVESTING ACTIVITIES (84,417) (80,233)
FINANCING ACTIVITIES:    
Increase in short-term debt, net 238 631
Proceeds from issuances of long-term debt 817,600 762,000
Payments on long-term debt (1,015,100) (917,000)
Cash paid for debt issuance costs (3,647) (2,920)
Payments on finance and capital lease obligations (2,398) (2,268)
Issuances of non-recourse notes payable 2,668,502 2,410,000
Payments on non-recourse notes payable (2,343,291) (2,149,135)
Repurchase and retirement of common stock (211,050) (187,385)
Equity issuances 9,052 6,608
NET CASH USED IN FINANCING ACTIVITIES (80,094) (79,469)
Increase in cash, cash equivalents, and restricted cash 66,338 31,791
Cash, cash equivalents, and restricted cash at beginning of year 554,898 523,865
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 621,236 555,656
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 76,348 60,080
Restricted cash from collections on auto loan receivables 431,407 385,692
Restricted cash included in other assets 113,481 109,884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 621,236 $ 555,656