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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2017
Feb. 28, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 26,287 $ 38,416
Restricted cash from collections on auto loan receivables 388,945 380,353
Accounts receivable, net 95,841 152,388
Inventory 2,440,551 2,260,563
Other current assets 53,299 41,910
TOTAL CURRENT ASSETS 3,004,923 2,873,630
Auto loan receivables, net 11,376,825 10,596,076
Property and equipment, net 2,634,442 2,518,393
Deferred income taxes 133,173 150,962
Other assets 154,051 140,295
TOTAL ASSETS 17,303,414 16,279,356
CURRENT LIABILITIES:    
Accounts payable 519,984 494,989
Accrued expenses and other current liabilities 233,397 266,128
Accrued income taxes 0 1,404
Short-term debt 593 62
Current portion of finance and capital lease obligations 9,590 9,491
Current portion of non-recourse notes payable 348,114 333,713
TOTAL CURRENT LIABILITIES 1,111,678 1,105,787
Long-term debt, excluding current portion 1,042,874 952,562
Finance and capital lease obligations, excluding current portion 490,968 486,645
Non-recourse notes payable, excluding current portion 11,117,495 10,387,231
Other liabilities 239,672 238,551
TOTAL LIABILITIES 14,002,687 13,170,776
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 181,489,439 and 186,548,602 shares issued and outstanding as of November 30, 2017 and February 28, 2017, respectively 90,745 93,274
Capital in excess of par value 1,233,062 1,188,578
Accumulated other comprehensive loss (51,304) (56,555)
Retained earnings 2,028,224 1,883,283
TOTAL SHAREHOLDERS’ EQUITY 3,300,727 3,108,580
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 17,303,414 $ 16,279,356