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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2020
Feb. 28, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 58,211 $ 46,938
Restricted cash from collections on auto loans receivable 481,043 440,669
Accounts receivable, net 191,090 139,850
Inventory 2,846,416 2,519,455
Other current assets 86,927 67,101
TOTAL CURRENT ASSETS 3,663,687 3,214,013
Auto loans receivable, net 13,551,711 12,428,487
Property and equipment, net 3,069,102 2,828,058
Deferred income taxes 89,842 61,346
Operating lease assets 449,094 0
Other assets 258,746 185,963
TOTAL ASSETS 21,082,182 18,717,867
CURRENT LIABILITIES:    
Accounts payable 737,144 593,171
Accrued expenses and other current liabilities 331,738 318,204
Accrued income taxes 1,389 3,784
Current portion of operating lease liabilities 30,980 0
Short-term debt 40 1,129
Current portion of long-term debt 9,251 10,177
Current portion of non-recourse notes payable 424,165 385,044
TOTAL CURRENT LIABILITIES 1,534,707 1,311,509
Long-term debt, excluding current portion 1,778,672 1,649,244
Non-recourse notes payable, excluding current portion 13,165,384 12,127,290
Operating lease liabilities, excluding current portion 440,671 0
Other liabilities 393,873 272,796
TOTAL LIABILITIES 17,313,307 15,360,839
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 163,081,376 and 167,478,924 shares issued and outstanding as of February 29, 2020 and February 28, 2019, respectively 81,541 83,739
Capital in excess of par value 1,348,988 1,237,153
Accumulated other comprehensive loss (150,071) (68,010)
Retained earnings 2,488,417 2,104,146
TOTAL SHAREHOLDERS’ EQUITY 3,768,875 3,357,028
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 21,082,182 $ 18,717,867