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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
Feb. 28, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 56,772 $ 102,716
Restricted cash from collections on auto loans receivable 533,253 548,099
Accounts receivable, net 402,452 560,984
Inventory 4,671,685 5,124,569
Other current assets 208,297 212,922
TOTAL CURRENT ASSETS  5,872,459 6,549,290
Auto loans receivable, net of allowance for loan losses of $477,543 and $433,030 as of August 31, 2022 and February 28, 2022, respectively 15,961,213 15,289,701
Property and equipment, net of accumulated depreciation of $1,544,765 and $1,437,548 as of August 31, 2022 and February 28, 2022, respectively 3,312,605 3,209,068
Deferred Income Tax Assets, Net 93,057 120,931
Operating lease assets 530,285 537,357
Goodwill 141,258 141,258
Other assets 559,666 490,659
TOTAL ASSETS  26,470,543 26,338,264
CURRENT LIABILITIES:    
Accounts payable 928,749 937,717
Accrued expenses and other current liabilities 482,361 533,271
Current portion of operating lease liabilities 48,783 44,197
Current portion of long-term debt 112,504 11,203
Current portion of non-recourse notes payable 559,792 521,069
TOTAL CURRENT LIABILITIES  2,132,189 2,047,457
Long-term debt, excluding current portion 2,511,417 3,255,304
Non-recourse notes payable, excluding current portion 15,534,801 14,919,715
Operating lease liabilities, excluding current portion 512,542 523,269
Other liabilities 365,367 357,080
TOTAL LIABILITIES  21,056,316 21,102,825
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 158,043,981 and 161,053,983 shares issued and outstanding as of August 31, 2022 and February 28, 2022, respectively 79,022 80,527
Capital in excess of par value 1,684,408 1,677,268
Accumulated other comprehensive income (loss) 31,999 (46,422)
Retained earnings 3,618,798 3,524,066
TOTAL SHAREHOLDERS’ EQUITY  5,414,227 5,235,439
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 26,470,543 $ 26,338,264