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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2017
Feb. 29, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 38,416 $ 37,394
Restricted cash from collections on auto loan receivables 380,353 343,829
Accounts receivable, net 152,388 132,171
Inventory 2,260,563 1,932,029
Other current assets 41,910 26,358
TOTAL CURRENT ASSETS 2,873,630 2,471,781
Auto loan receivables, net 10,596,076 9,536,892
Property and equipment, net 2,518,393 2,161,698
Deferred income taxes 150,962 161,862
Other assets 140,295 127,678
TOTAL ASSETS 16,279,356 14,459,911
CURRENT LIABILITIES:    
Accounts payable 494,989 441,746
Accrued expenses and other current liabilities 266,128 245,909
Accrued income taxes 1,404 2,029
Short-term debt 62 428
Current portion of finance and capital lease obligations 9,491 14,331
Current portion of non-recourse notes payable 333,713 300,750
TOTAL CURRENT LIABILITIES 1,105,787 1,005,193
Long-term debt, excluding current portion 952,562 713,910
Finance and capital lease obligations, excluding current portion 486,645 400,323
Non-recourse notes payable, excluding current portion 10,387,231 9,206,425
Other liabilities 238,551 229,274
TOTAL LIABILITIES 13,170,776 11,555,125
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 186,548,602 and 194,712,234 shares issued and outstanding as of February 28, 2017 and February 29, 2016, respectively 93,274 97,356
Capital in excess of par value 1,188,578 1,130,822
Accumulated other comprehensive loss (56,555) (70,196)
Retained earnings 1,883,283 1,746,804
TOTAL SHAREHOLDERS’ EQUITY 3,108,580 2,904,786
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 16,279,356 $ 14,459,911