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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2022
Feb. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 102,716 $ 132,319
Restricted cash from collections on auto loans receivable 548,099 496,415
Accounts receivable, net 560,984 239,070
Inventory 5,124,569 3,157,159
Other current assets 212,922 91,833
TOTAL CURRENT ASSETS  6,549,290 4,116,796
Auto loans receivable, net of allowance for loan losses of $433,030 and $411,150 as of February 28, 2022 and February 28, 2021, respectively 15,289,701 13,489,819
Property and equipment, net 3,209,068 3,055,563
Deferred income taxes 120,931 164,261
Operating lease assets 537,357 431,652
Goodwill 141,258 653
Other assets 490,659 282,797
TOTAL ASSETS  26,338,264 21,541,541
CURRENT LIABILITIES:    
Accounts payable 937,717 799,333
Accrued expenses and other current liabilities 533,271 415,465
Accrued income taxes 0 218
Current portion of operating lease liabilities 44,197 30,953
Current portion of long-term debt 11,203 9,927
Current portion of non-recourse notes payable 521,069 442,652
TOTAL CURRENT LIABILITIES  2,047,457 1,698,548
Long-term debt, excluding current portion 3,255,304 1,322,415
Non-recourse notes payable, excluding current portion 14,919,715 13,297,504
Operating lease liabilities, excluding current portion 523,269 423,618
Other liabilities 357,080 434,843
TOTAL LIABILITIES  21,102,825 17,176,928
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 161,053,983 and 163,172,333 shares issued and outstanding as of February 28, 2022 and February 28, 2021, respectively 80,527 81,586
Capital in excess of par value 1,677,268 1,513,821
Accumulated other comprehensive loss (46,422) (118,691)
Retained earnings 3,524,066 2,887,897
TOTAL SHAREHOLDERS’ EQUITY  5,235,439 4,364,613
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 26,338,264 $ 21,541,541