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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
Feb. 28, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 264,247 $ 314,758
Restricted cash from collections on auto loans receivable 506,465 470,889
Accounts receivable, net 321,994 298,783
Inventory 4,081,220 3,726,142
Other current assets 189,742 230,795
TOTAL CURRENT ASSETS  5,363,668 5,041,367
Auto loans receivable, net of allowance for loan losses of $535,412 and $507,201 as of May 31, 2023 and February 28, 2023, respectively 16,744,865 16,341,791
Property and equipment, net of accumulated depreciation of $1,672,387 and $1,614,924 as of May 31, 2023 and February 28, 2023, respectively 3,499,384 3,430,914
Deferred Income Tax Assets, Net 99,770 80,740
Operating lease assets 541,908 545,677
Goodwill 141,258 141,258
Other assets 571,503 600,989
TOTAL ASSETS  26,962,356 26,182,736
CURRENT LIABILITIES:    
Accounts payable 967,420 826,592
Accrued expenses and other current liabilities 528,596 478,964
Accrued income taxes 49,191 0
Current portion of operating lease liabilities 55,126 53,287
Current portion of long-term debt 12,305 111,859
Current portion of non-recourse notes payable 501,333 467,609
TOTAL CURRENT LIABILITIES  2,113,971 1,938,311
Long-term debt, excluding current portion 1,906,496 1,909,361
Non-recourse notes payable, excluding current portion 16,252,958 15,865,776
Operating lease liabilities, excluding current portion 519,184 523,828
Other liabilities 346,579 332,383
TOTAL LIABILITIES  21,139,188 20,569,659
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 158,208,623 and 158,079,033 shares issued and outstanding as of May 31, 2023 and February 28, 2023, respectively 79,105 79,040
Capital in excess of par value 1,731,341 1,713,074
Accumulated other comprehensive income 61,330 97,869
Retained earnings 3,951,392 3,723,094
TOTAL SHAREHOLDERS’ EQUITY  5,823,168 5,613,077
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 26,962,356 $ 26,182,736