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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2019
Feb. 28, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 56,583 $ 46,938
Restricted cash from collections on auto loan receivables 458,493 440,669
Accounts receivable, net 142,737 139,850
Inventory 2,682,574 2,519,455
Other current assets 109,857 67,101
TOTAL CURRENT ASSETS 3,450,244 3,214,013
Auto loan receivables, net 13,276,654 12,428,487
Property and equipment, net of accumulated depreciation of $1,239,443 and $1,297,393 as of November 30, 2019 and February 28, 2019, respectively 3,036,663 2,828,058
Deferred income taxes 67,162 61,346
Operating lease assets 454,708 0
Other assets 201,799 185,963
TOTAL ASSETS 20,487,230 18,717,867
CURRENT LIABILITIES:    
Accounts payable 641,434 593,171
Accrued expenses and other current liabilities 340,475 318,204
Accrued income taxes 1,497 3,784
Current portion of operating lease liabilities 30,813 0
Short-term debt 421 1,129
Current portion of long-term debt 8,541 10,177
Current portion of non-recourse notes payable 397,860 385,044
TOTAL CURRENT LIABILITIES 1,421,041 1,311,509
Long-term debt, excluding current portion 1,704,284 1,649,244
Non-recourse notes payable, excluding current portion 12,899,970 12,127,290
Operating lease liabilities, excluding current portion 446,302 0
Other liabilities 317,580 272,796
TOTAL LIABILITIES 16,789,177 15,360,839
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 163,795,082 and 167,478,924 shares issued and outstanding as of November 30, 2019 and February 28, 2019, respectively 81,897 83,739
Capital in excess of par value 1,321,567 1,237,153
Accumulated other comprehensive loss (82,007) (68,010)
Retained earnings 2,376,596 2,104,146
TOTAL SHAREHOLDERS’ EQUITY 3,698,053 3,357,028
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 20,487,230 $ 18,717,867