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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2021
Feb. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 377,954 $ 132,319
Restricted cash from collections on auto loans receivable 549,578 496,415
Accounts receivable, net 413,219 239,070
Inventory 3,248,849 3,157,159
Other current assets 101,005 91,833
TOTAL CURRENT ASSETS  4,690,605 4,116,796
Auto loans receivable, net of allowance for loan losses of $379,481 and $411,150 as of May 31, 2021 and February 28, 2021, respectively 14,159,044 13,489,819
Property and equipment, net of accumulated depreciation of $1,452,335 and $1,414,264 as of May 31, 2021 and February 28, 2021, respectively 3,076,173 3,055,563
Deferred Income Tax Assets, Net 138,487 164,261
Operating lease assets 453,851 431,652
Other assets 314,729 283,450
TOTAL ASSETS  22,832,889 21,541,541
CURRENT LIABILITIES:    
Accounts payable 1,058,005 799,333
Accrued expenses and other current liabilities 401,043 415,465
Accrued income taxes 96,624 218
Current portion of operating lease liabilities 30,836 30,953
Current portion of long-term debt 10,210 9,927
Current portion of non-recourse notes payable 496,669 442,652
TOTAL CURRENT LIABILITIES  2,093,387 1,698,548
Long-term debt, excluding current portion 1,320,208 1,322,415
Non-recourse notes payable, excluding current portion 13,840,787 13,297,504
Operating lease liabilities, excluding current portion 446,497 423,618
Other liabilities 428,529 434,843
TOTAL LIABILITIES  18,129,408 17,176,928
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 162,802,762 and 163,172,333 shares issued and outstanding as of May 31, 2021 and February 28, 2021, respectively 81,401 81,586
Capital in excess of par value 1,527,876 1,513,821
Accumulated other comprehensive loss (115,754) (118,691)
Retained earnings 3,209,958 2,887,897
TOTAL SHAREHOLDERS’ EQUITY  4,703,481 4,364,613
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 22,832,889 $ 21,541,541