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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Feb. 28, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 95,313 $ 102,716
Restricted cash from collections on auto loans receivable 531,344 548,099
Accounts receivable, net 610,587 560,984
Inventory 4,691,085 5,124,569
Other current assets 189,638 212,922
TOTAL CURRENT ASSETS  6,117,967 6,549,290
Auto loans receivable, net of allowance for loan losses of $458,214 and $433,030 as of May 31, 2022 and February 28, 2022, respectively 15,672,605 15,289,701
Property and equipment, net of accumulated depreciation of $1,493,660 and $1,437,548 as of May 31, 2022 and February 28, 2022, respectively 3,258,614 3,209,068
Deferred Income Tax Assets, Net 91,305 120,931
Operating lease assets 533,355 537,357
Goodwill 141,258 141,258
Other assets 523,590 490,659
TOTAL ASSETS  26,338,694 26,338,264
CURRENT LIABILITIES:    
Accounts payable 1,066,922 937,717
Accrued expenses and other current liabilities 489,619 533,271
Accrued income taxes 18,365 0
Current portion of operating lease liabilities 44,384 44,197
Current portion of long-term debt 111,517 11,203
Current portion of non-recourse notes payable 520,944 521,069
TOTAL CURRENT LIABILITIES  2,251,751 2,047,457
Long-term debt, excluding current portion 2,569,751 3,255,304
Non-recourse notes payable, excluding current portion 15,218,229 14,919,715
Operating lease liabilities, excluding current portion 519,818 523,269
Other liabilities 378,508 357,080
TOTAL LIABILITIES  20,938,057 21,102,825
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 159,613,860 and 161,053,983 shares issued and outstanding as of May 31, 2022 and February 28, 2022, respectively 79,807 80,527
Capital in excess of par value 1,678,172 1,677,268
Accumulated other comprehensive income (loss) 5,892 (46,422)
Retained earnings 3,636,766 3,524,066
TOTAL SHAREHOLDERS’ EQUITY  5,400,637 5,235,439
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 26,338,694 $ 26,338,264