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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2021
Feb. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 58,095 $ 132,319
Restricted cash from collections on auto loans receivable 570,567 496,415
Accounts receivable, net 517,260 239,070
Inventory 4,105,458 3,157,159
Other current assets 119,916 91,833
TOTAL CURRENT ASSETS  5,371,296 4,116,796
Auto loans receivable, net of allowance for loan losses of $398,058 and $411,150 as of August 31, 2021 and February 28, 2021, respectively 14,656,170 13,489,819
Property and equipment, net of accumulated depreciation of $1,497,605 and $1,414,264 as of August 31, 2021 and February 28, 2021, respectively 3,128,896 3,055,563
Deferred Income Tax Assets, Net 117,288 164,261
Operating lease assets 553,727 431,652
Goodwill 150,343 653
Other assets 475,602 282,797
TOTAL ASSETS  24,453,322 21,541,541
CURRENT LIABILITIES:    
Accounts payable 903,847 799,333
Accrued expenses and other current liabilities 487,771 415,465
Accrued income taxes 422 218
Current portion of operating lease liabilities 43,676 30,953
Short-term debt 167 0
Current portion of long-term debt 10,562 9,927
Current portion of non-recourse notes payable 512,515 442,652
TOTAL CURRENT LIABILITIES  1,958,960 1,698,548
Long-term debt, excluding current portion 2,190,415 1,322,415
Non-recourse notes payable, excluding current portion 14,439,700 13,297,504
Operating lease liabilities, excluding current portion 538,296 423,618
Other liabilities 410,772 434,843
TOTAL LIABILITIES  19,538,143 17,176,928
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 162,470,173 and 163,172,333 shares issued and outstanding as of August 31, 2021 and February 28, 2021, respectively 81,235 81,586
Capital in excess of par value 1,653,066 1,513,821
Accumulated other comprehensive loss (112,343) (118,691)
Retained earnings 3,293,221 2,887,897
TOTAL SHAREHOLDERS’ EQUITY  4,915,179 4,364,613
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 24,453,322 $ 21,541,541