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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2015
Feb. 28, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 33,346 $ 27,606
Restricted cash from collections on auto loan receivables 316,186 294,122
Accounts receivable, net 88,530 137,690
Inventory 2,153,270 2,086,874
Deferred income taxes 10,878 8,100
Other current assets 32,673 44,646
TOTAL CURRENT ASSETS 2,634,883 2,599,038
Auto loan receivables, net 9,318,313 8,435,504
Property and equipment, net 2,105,807 1,862,538
Deferred income taxes 174,059 167,638
Other assets 148,103 133,483
TOTAL ASSETS 14,381,165 13,198,201
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 420,856 454,810
Accrued expenses and other current liabilities 211,833 250,307
Accrued income taxes 328 1,554
Short-term debt 36 785
Current portion of long-term debt 0 10,000
Current portion of finance and capital lease obligations 14,673 21,554
Current portion of non-recourse notes payable 275,828 258,163
TOTAL CURRENT LIABILITIES 923,554 997,173
Long-term debt, excluding current portion 864,000 300,000
Finance and capital lease obligations, excluding current portion 391,856 306,284
Non-recourse notes payable, excluding current portion 9,060,090 8,212,466
Other liabilities 229,910 225,493
TOTAL LIABILITIES 11,469,410 10,041,416
Commitments and contingent liabilities 0 0
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 197,563,192 and 208,869,688 shares issued and outstanding as of November 30, 2015 and February 28, 2015, respectively 98,781 104,435
Capital in excess of par value 1,136,607 1,123,520
Accumulated other comprehensive loss (66,664) (65,391)
Retained earnings 1,743,031 1,994,221
TOTAL SHAREHOLDERS’ EQUITY 2,911,755 3,156,785
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 14,381,165 $ 13,198,201