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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
Feb. 29, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 132,319 $ 58,211
Restricted cash from collections on auto loans receivable 496,415 481,043
Accounts receivable, net 239,070 191,090
Inventory 3,157,159 2,846,416
Other current assets 91,833 86,927
TOTAL CURRENT ASSETS  4,116,796 3,663,687
Auto loans receivable, net of allowance for loan losses of $411,150 and $157,796 as of February 28, 2021 and February 29, 2020, respectively 13,489,819 13,551,711
Property and equipment, net 3,055,563 3,069,102
Deferred income taxes 164,261 89,842
Operating lease assets 431,652 449,094
Other assets 283,450 258,746
TOTAL ASSETS  21,541,541 21,082,182
CURRENT LIABILITIES:    
Accounts payable 799,333 737,144
Accrued expenses and other current liabilities 415,465 331,738
Accrued income taxes 218 1,389
Current portion of operating lease liabilities 30,953 30,980
Short-term debt 0 40
Current portion of long-term debt 9,927 9,251
Current portion of non-recourse notes payable 442,652 424,165
TOTAL CURRENT LIABILITIES  1,698,548 1,534,707
Long-term debt, excluding current portion 1,322,415 1,778,672
Non-recourse notes payable, excluding current portion 13,297,504 13,165,384
Operating lease liabilities, excluding current portion 423,618 440,671
Other liabilities 434,843 393,873
TOTAL LIABILITIES  17,176,928 17,313,307
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 163,172,333 and 163,081,376 shares issued and outstanding as of February 28, 2021 and February 29, 2020, respectively 81,586 81,541
Capital in excess of par value 1,513,821 1,348,988
Accumulated other comprehensive loss (118,691) (150,071)
Retained earnings 2,887,897 2,488,417
TOTAL SHAREHOLDERS’ EQUITY  4,364,613 3,768,875
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 21,541,541 $ 21,082,182