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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
Feb. 29, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 711,561 $ 58,211
Restricted cash from collections on auto loans receivable 520,876 481,043
Accounts receivable, net 203,155 191,090
Inventory 2,824,959 2,846,416
Other current assets 67,308 86,927
TOTAL CURRENT ASSETS  4,327,859 3,663,687
Auto loans receivable, net of allowance for loan losses of $432,546 and $157,796 as of August 31, 2020 and February 29, 2020, respectively 13,013,106 13,551,711
Property and equipment, net of accumulated depreciation of $1,342,321 and $1,266,920 as of August 31, 2020 and February 29, 2020, respectively 3,044,773 3,069,102
Deferred Income Tax Assets, Net 133,749 89,842
Operating lease assets 444,158 449,094
Other assets 282,661 258,746
TOTAL ASSETS  21,246,306 21,082,182
CURRENT LIABILITIES:    
Accounts payable 683,715 737,144
Accrued expenses and other current liabilities 350,185 331,738
Accrued income taxes 64,734 1,389
Current portion of operating lease liabilities 31,616 30,980
Short-term debt 838 40
Current portion of long-term debt 10,005 9,251
Current portion of non-recourse notes payable 457,849 424,165
TOTAL CURRENT LIABILITIES  1,598,942 1,534,707
Long-term debt, excluding current portion 1,896,784 1,778,672
Non-recourse notes payable, excluding current portion 12,900,984 13,165,384
Operating lease liabilities, excluding current portion 435,113 440,671
Other liabilities 431,923 393,873
TOTAL LIABILITIES  17,263,746 17,313,307
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 164,162,253 and 163,081,376 shares issued and outstanding as of August 31, 2020 and February 29, 2020, respectively 82,081 81,541
Capital in excess of par value 1,460,300 1,348,988
Accumulated other comprehensive loss (160,426) (150,071)
Retained earnings 2,600,605 2,488,417
TOTAL SHAREHOLDERS’ EQUITY  3,982,560 3,768,875
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 21,246,306 $ 21,082,182