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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Feb. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 62,598 $ 132,319
Restricted cash from collections on auto loans receivable 552,487 496,415
Accounts receivable, net 563,135 239,070
Inventory 4,659,460 3,157,159
Other current assets 117,390 91,833
TOTAL CURRENT ASSETS  5,955,070 4,116,796
Auto loans receivable, net of allowance for loan losses of $426,507 and $411,150 as of November 30, 2021 and February 28, 2021, respectively 15,167,170 13,489,819
Property and equipment, net of accumulated depreciation of $1,542,238 and $1,414,264 as of November 30, 2021 and February 28, 2021, respectively 3,175,577 3,055,563
Deferred Income Tax Assets, Net 134,382 164,261
Operating lease assets 543,645 431,652
Goodwill 141,258 653
Other assets 458,117 282,797
TOTAL ASSETS  25,575,219 21,541,541
CURRENT LIABILITIES:    
Accounts payable 936,556 799,333
Accrued expenses and other current liabilities 530,592 415,465
Accrued income taxes 518 218
Current portion of operating lease liabilities 43,151 30,953
Current portion of long-term debt 10,889 9,927
Current portion of non-recourse notes payable 535,146 442,652
TOTAL CURRENT LIABILITIES  2,056,852 1,698,548
Long-term debt, excluding current portion 2,602,598 1,322,415
Non-recourse notes payable, excluding current portion 14,856,266 13,297,504
Operating lease liabilities, excluding current portion 529,821 423,618
Other liabilities 419,886 434,843
TOTAL LIABILITIES  20,465,423 17,176,928
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 161,871,923 and 163,172,333 shares issued and outstanding as of November 30, 2021 and February 28, 2021, respectively 80,936 81,586
Capital in excess of par value 1,672,728 1,513,821
Accumulated other comprehensive loss (100,301) (118,691)
Retained earnings 3,456,433 2,887,897
TOTAL SHAREHOLDERS’ EQUITY  5,109,796 4,364,613
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 25,575,219 $ 21,541,541