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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2024
Aug. 31, 2023
OPERATING ACTIVITIES:    
Net earnings $ 285,249 $ 346,933
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 141,964 126,971
Share-based compensation expense 82,703 69,445
Provision for loan losses 193,798 170,672
Provision for cancellation reserves 49,302 45,199
Deferred income tax benefit (11,789) (24,845)
Other 2,039 3,868
Net (increase) decrease in:    
Accounts receivable, net (6,959) 26,909
Inventory 280,324 (113,144)
Other current assets 111,438 33,431
Auto loans receivable, net (595,543) (828,631)
Other assets (9,486) (6,668)
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 23,474 132,566
Other liabilities (45,100) (43,826)
Net Cash Provided by (Used in) Operating Activities 501,414 (61,120)
INVESTING ACTIVITIES:    
Capital expenditures (213,123) (210,167)
Proceeds from disposal of property and equipment 130 1,247
Purchases of investments (3,091) (3,236)
Sales and returns of investments 621 405
Net Cash Provided by (Used in) Investing Activities (215,463) (211,751)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 0 134,600
Payments on long-term debt (306,274) (240,093)
Cash paid for debt issuance costs (12,985) (10,650)
Payments on finance lease obligations (9,056) (7,810)
Issuances of non-recourse notes payable 6,971,000 6,179,929
Payments on non-recourse notes payable (6,742,743) (5,532,403)
Repurchase and retirement of common stock (213,305) (4,143)
Equity issuances 30,296 27,534
Net Cash Provided by (Used in) Financing Activities (283,067) 546,964
Increase in cash, cash equivalents, and restricted cash 2,884 274,093
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 1,253,294 1,225,097
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 524,667 521,098
Restricted cash from collections on auto loans receivable 572,630 534,792
Restricted cash included in other assets 155,997 169,207
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,253,294 $ 1,225,097