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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2019
OPERATING ACTIVITIES:      
Net earnings $ 746,919 $ 888,433 $ 842,413
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 242,156 215,811 182,247
Share-based compensation expense 121,899 108,861 75,011
Provision for loan losses 160,703 185,695 153,848
Provision for cancellation reserves 72,235 89,272 63,937
Deferred income tax (benefit) provision (35,787) (1,102) 2,300
Other (1,409) 3,507 2,825
Net (increase) decrease in:      
Accounts receivable, net (43,507) (51,240) (6,529)
Inventory (323,318) (326,961) (128,761)
Other current assets (50) (19,843) 32,890
Auto loans receivable, net (300,838) (1,308,919) (1,046,631)
Other assets (12,862) 4,265 (7,230)
Net increase (decrease) in:      
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 106,788 85,442 86,360
Other liabilities (65,169) (109,827) (89,709)
Net Cash Provided by (Used in) Operating Activities 667,760 (236,606) 162,971
INVESTING ACTIVITIES:      
Capital expenditures (164,536) (331,896) (304,636)
Proceeds from disposal of property and equipment 1,846 3 692
Proceeds from Sales of Business, Affiliate and Productive Assets 29,911 0 0
Payments to Acquire Investments (3,729) (59,050) (6,147)
Proceeds from Sale and Maturity of Other Investments 8,325 1,579 1,578
Net Cash Provided by (Used in) Investing Activities (128,183) (389,364) (308,513)
FINANCING ACTIVITIES:      
(Decrease) increase in short-term debt, net (40) (1,089) 1,002
Proceeds from issuances of long-term debt 1,754,300 6,277,600 4,314,500
Payments on long-term debt (2,217,305) (6,199,793) (4,155,718)
Cash paid for debt issuance costs (18,296) (20,102) (17,063)
Finance Lease, Principal Payments (7,424) (4,151) (894)
Issuances of non-recourse notes payable 10,805,546 11,786,432 10,892,502
Payments on non-recourse notes payable (10,654,011) (10,708,564) (10,001,712)
Repurchase and retirement of common stock (229,938) (567,747) (904,726)
Equity issuances 143,148 124,397 58,130
Net Cash Provided by (Used in) Financing Activities (424,020) 686,983 186,021
Increase in cash, cash equivalents, and restricted cash 115,557 61,013 40,479
Cash, cash equivalents, and restricted cash at beginning of year 656,390 595,377 554,898
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR 771,947 656,390 595,377
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS      
Cash and cash equivalents 132,319 58,211 46,938
Restricted cash from collections on auto loans receivable 496,415 481,043 440,669
Restricted cash included in other assets 143,213 117,136 107,770
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR $ 771,947 $ 656,390 $ 595,377