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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2020
Feb. 29, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 658,022 $ 58,211
Restricted cash from collections on auto loans receivable 480,565 481,043
Accounts receivable, net 145,018 191,090
Inventory 1,899,430 2,846,416
Other current assets 100,696 86,927
TOTAL CURRENT ASSETS 3,283,731 3,663,687
Auto loans receivable, net of allowance for loan losses of $437,213 and $157,796 as of May 31, 2020 and February 29, 2020, respectively 12,794,622 13,551,711
Property and equipment, net of accumulated depreciation of $1,298,536 and $1,266,920 as of May 31, 2020 and February 29, 2020, respectively 3,064,738 3,069,102
Deferred Income Tax Assets, Net 119,066 89,842
Operating lease assets 443,678 449,094
Other assets 266,697 258,746
TOTAL ASSETS 19,972,532 21,082,182
CURRENT LIABILITIES:    
Accounts payable 390,160 737,144
Accrued expenses and other current liabilities 290,080 331,738
Accrued income taxes 0 1,389
Current portion of operating lease liabilities 30,881 30,980
Short-term debt 86 40
Current portion of long-term debt 9,744 9,251
Current portion of non-recourse notes payable 430,055 424,165
TOTAL CURRENT LIABILITIES 1,151,006 1,534,707
Long-term debt, excluding current portion 1,693,888 1,778,672
Non-recourse notes payable, excluding current portion 12,722,292 13,165,384
Operating lease liabilities, excluding current portion 435,325 440,671
Other liabilities 391,711 393,873
TOTAL LIABILITIES 16,394,222 17,313,307
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 162,755,339 and 163,081,376 shares issued and outstanding as of May 31, 2020 and February 29, 2020, respectively 81,378 81,541
Capital in excess of par value 1,358,428 1,348,988
Accumulated other comprehensive loss (165,405) (150,071)
Retained earnings 2,303,909 2,488,417
TOTAL SHAREHOLDERS’ EQUITY 3,578,310 3,768,875
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 19,972,532 $ 21,082,182