XML 72 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Auto Loan Receivables (Tables)
9 Months Ended
Nov. 30, 2013
Auto Loan Receivables [Abstract]  
Auto Loan Receivables, Net

 

 

 

 

 

 

 

 

As of November 30

As of February 28

(In millions)

 

2013

 

 

2013

 

Warehouse facilities

$

807.0 

 

$

792.0 

 

Term securitizations

 

5,948.5 

 

 

4,989.7 

 

Other receivables (1)

 

163.5 

 

 

151.6 

 

Total ending managed receivables

 

6,919.0 

 

 

5,933.3 

 

Accrued interest and fees

 

29.1 

 

 

24.9 

 

Other

 

12.1 

 

 

(5.0)

 

Less allowance for loan losses

 

(67.9)

 

 

(57.3)

 

Auto loan receivables, net

$

6,892.3 

 

$

5,895.9 

 

 

(1)Other receivables includes receivables not funded through the warehouse facilities or term securitizations.

Ending Managed Receivables By Major Credit Grade

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of November 30

 

As of February 28

(In millions)

 

 

2013 (1)

 

%  (2)

 

 

2013 (1)

 

%  (2)

A

 

$

3,373.8 

 

48.8 

 

$

2,841.4 

 

47.9 

B

 

 

2,574.4 

 

37.2 

 

 

2,265.6 

 

38.2 

C and other

 

 

970.8 

 

14.0 

 

 

826.3 

 

13.9 

Total ending managed receivables

 

$

6,919.0 

 

100.0 

 

$

5,933.3 

 

100.0 

 

(1)Classified based on credit grade assigned when customers were initially approved for financing.

(2)Percent of total ending managed receivables.

 

Allowance For Loan Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended November 30

 

Nine Months Ended November 30

(In millions)

 

 

2013

 

%  (1)

 

 

2012

 

%  (1)

 

 

2013

 

%  (1)

 

 

2012

 

%  (1)

 

Balance as of beginning of period

 

$

65.9 

 

1.0 

 

$

49.5 

 

0.9 

 

$

57.3 

 

1.0 

 

$

43.3 

 

0.9 

 

Charge-offs

 

 

(36.3)

 

 

 

 

(28.2)

 

 

 

 

(94.5)

 

 

 

 

(73.1)

 

 

 

Recoveries

 

 

18.6 

 

 

 

 

14.9 

 

 

 

 

56.1 

 

 

 

 

43.9 

 

 

 

Provision for loan losses

 

 

19.7 

 

 

 

 

18.1 

 

 

 

 

49.0 

 

 

 

 

40.2 

 

 

 

Balance as of end of period

 

$

67.9 

 

1.0 

 

$

54.3 

 

1.0 

 

$

67.9 

 

1.0 

 

$

54.3 

 

1.0 

 

 

(1)Percent of total ending managed receivables as of the corresponding reporting date.

Past Due Receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of November 30

 

As of February 28

(In millions)

 

 

2013

 

%  (1)

 

2013

%  (1)

Total ending managed receivables

 

$

6,919.0 

 

100.0 

 

$

5,933.3 

 

100.0 

 

 

 

 

 

 

 

 

 

 

 

Delinquent loans:

 

 

 

 

 

 

 

 

 

 

31-60 days past due

 

$

138.9 

 

2.0 

 

$

109.5 

 

1.8 

61-90 days past due

 

 

46.0 

 

0.7 

 

 

32.7 

 

0.6 

Greater than 90 days past due

 

 

16.2 

 

0.2 

 

 

12.0 

 

0.2 

Total past due

 

$

201.1 

 

2.9 

 

$

154.2 

 

2.6 

 

(1)Percent of total ending managed receivable