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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2020
Feb. 29, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 236,643 $ 58,211
Restricted cash from collections on auto loans receivable 492,610 481,043
Accounts receivable, net 168,979 191,090
Inventory 2,780,205 2,846,416
Other current assets 58,660 86,927
TOTAL CURRENT ASSETS  3,737,097 3,663,687
Auto loans receivable, net of allowance for loan losses of $431,592 and $157,796 as of November 30, 2020 and February 29, 2020, respectively 13,267,364 13,551,711
Property and equipment, net of accumulated depreciation of $1,386,094 and $1,266,920 as of November 30, 2020 and February 29, 2020, respectively 3,043,345 3,069,102
Deferred Income Tax Assets, Net 159,209 89,842
Operating lease assets 439,074 449,094
Other assets 286,759 258,746
TOTAL ASSETS  20,932,848 21,082,182
CURRENT LIABILITIES:    
Accounts payable 570,174 737,144
Accrued expenses and other current liabilities 372,429 331,738
Accrued income taxes 18,322 1,389
Current portion of operating lease liabilities 30,726 30,980
Short-term debt 1,008 40
Current portion of long-term debt 10,228 9,251
Current portion of non-recourse notes payable 434,900 424,165
TOTAL CURRENT LIABILITIES  1,437,787 1,534,707
Long-term debt, excluding current portion 1,319,496 1,778,672
Non-recourse notes payable, excluding current portion 13,161,504 13,165,384
Operating lease liabilities, excluding current portion 431,068 440,671
Other liabilities 454,517 393,873
TOTAL LIABILITIES  16,804,372 17,313,307
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 163,033,971 and 163,081,376 shares issued and outstanding as of November 30, 2020 and February 29, 2020, respectively 81,517 81,541
Capital in excess of par value 1,462,130 1,348,988
Accumulated other comprehensive loss (152,924) (150,071)
Retained earnings 2,737,753 2,488,417
TOTAL SHAREHOLDERS’ EQUITY  4,128,476 3,768,875
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 20,932,848 $ 21,082,182