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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Feb. 28, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 314,758 $ 102,716
Restricted cash from collections on auto loans receivable 470,889 548,099
Accounts receivable, net 298,783 560,984
Inventory 3,726,142 5,124,569
Other current assets 230,795 212,922
TOTAL CURRENT ASSETS  5,041,367 6,549,290
Auto loans receivable, net of allowance for loan losses of $507,201 and $433,030 as of February 28, 2023 and February 28, 2022, respectively 16,341,791 15,289,701
Property and equipment, net 3,430,914 3,209,068
Deferred income taxes 80,740 120,931
Operating lease assets 545,677 537,357
Goodwill 141,258 141,258
Other assets 600,989 490,659
TOTAL ASSETS  26,182,736 26,338,264
CURRENT LIABILITIES:    
Accounts payable 826,592 937,717
Accrued expenses and other current liabilities 478,964 533,271
Current portion of operating lease liabilities 53,287 44,197
Current portion of long-term debt 111,859 11,203
Current portion of non-recourse notes payable 467,609 521,069
TOTAL CURRENT LIABILITIES  1,938,311 2,047,457
Long-term debt, excluding current portion 1,909,361 3,255,304
Non-recourse notes payable, excluding current portion 15,865,776 14,919,715
Operating lease liabilities, excluding current portion 523,828 523,269
Other liabilities 332,383 357,080
TOTAL LIABILITIES  20,569,659 21,102,825
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 158,079,033 and 161,053,983 shares issued and outstanding as of February 28, 2023 and February 28, 2022, respectively 79,040 80,527
Capital in excess of par value 1,713,074 1,677,268
Accumulated other comprehensive income (loss) 97,869 (46,422)
Retained earnings 3,723,094 3,524,066
TOTAL SHAREHOLDERS’ EQUITY  5,613,077 5,235,439
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 26,182,736 $ 26,338,264