XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
OPERATING ACTIVITIES:    
Net earnings $ 301,674 $ 500,343
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 118,967 103,468
Share-based compensation expense 62,794 68,887
Provision for loan losses 147,977 83,693
Provision for cancellation reserves 35,678 45,471
Deferred income tax provision 8,598 3,812
Other 5,098 3,718
Net (increase) decrease in:    
Accounts receivable, net (12,065) (1,241)
Inventory 21,457 (85,295)
Other current assets 19,691 (48,452)
Auto loans receivable, net 188,601 (721,165)
Other assets (6,586) 15,421
Net increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes 24,912 (26,632)
Other liabilities (27,020) (67,484)
Net Cash Provided by (Used in) Operating Activities 889,776 (125,456)
INVESTING ACTIVITIES:    
Capital expenditures (91,998) (171,347)
Proceeds from disposal of property and equipment 826 3
Purchases of investments (2,566) (8,244)
Sales of investments 1,381 720
Net Cash Provided by (Used in) Investing Activities (92,357) (178,868)
FINANCING ACTIVITIES:    
Increase (decrease) in short-term debt, net 798 (214)
Proceeds from issuances of long-term debt 1,542,500 3,293,500
Payments on long-term debt (1,425,084) (3,284,866)
Cash paid for debt issuance costs (8,037) (10,862)
Payments on finance lease obligations (2,880) (1,694)
Issuances of non-recourse notes payable 4,798,000 5,748,000
Payments on non-recourse notes payable (5,028,898) (5,141,901)
Repurchase and retirement of common stock (54,151) (341,929)
Equity issuances 91,724 86,521
Net Cash Provided by (Used in) Financing Activities (86,028) 346,555
Increase in cash, cash equivalents, and restricted cash 711,391 42,231
Cash, cash equivalents, and restricted cash at beginning of year 656,390 595,377
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 1,367,781 637,608
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 711,561 40,737
Restricted cash from collections on auto loans receivable 520,876 483,374
Restricted cash included in other assets 135,344 113,497
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,367,781 $ 637,608