v3.26.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 31, 2026
May 31, 2025
OPERATING ACTIVITIES:    
Net earnings $ 185,627 $ 210,381
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 92,895 79,784
Share-based compensation expense 41,946 46,981
Provision for Loan, Lease, and Other Losses 95,584 101,707
Provision for cancellation reserves 26,166 24,803
Deferred income tax (benefit) provision (991) 2,782
Other (3,252) 1,310
Net (increase) decrease in:    
Accounts receivable, net (59,466) (11,572)
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, Reconciliation to Cash Flow, Period Increase (Decrease) (518,488) (637,947)
Inventory 74,240 310,269
Other current assets 6,487 2,692
Auto loans held for investment, net 166,755 338,338
Other assets (8,146) (5,712)
Net decrease in:    
Accounts payable, accrued expenses and other current liabilities and accrued income taxes (58,274) (141,867)
Other liabilities (23,494) (22,406)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 17,589 299,543
INVESTING ACTIVITIES:    
Capital expenditures (103,335) (136,736)
Proceeds from disposal of property and equipment 63 48
Purchases of investments (1,668) (4,926)
Sales and returns of investments 845 425
Proceeds from Collection of Retained Interest in Securitized Receivables 4,469 0
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation (99,626) (141,189)
FINANCING ACTIVITIES:    
Proceeds from issuances of long-term debt 1,517,800 87,000
Payments on long-term debt (1,669,622) (90,930)
Cash paid for debt issuance costs (6,048) (8,895)
Payments on finance lease obligations (4,084) (3,443)
Issuances of non-recourse notes payable 3,261,564 3,988,864
Payments on non-recourse notes payable (3,006,781) (3,906,323)
Repurchase and retirement of common stock (2,308) (204,027)
Equity issuances 0 8,329
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation 90,521 (129,425)
Increase in cash, cash equivalents, and restricted cash 8,484 28,929
Cash, cash equivalents, and restricted cash at beginning of year 862,850 960,310
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 871,334 989,239
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 132,223 262,819
Restricted cash from collections on auto loans held for investment 595,103 584,277
Restricted cash included in other assets 144,008 142,143
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 871,334 $ 989,239