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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2023
Feb. 28, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 521,098 $ 314,758
Restricted cash from collections on auto loans receivable 534,792 470,889
Accounts receivable, net 271,874 298,783
Inventory 3,839,286 3,726,142
Other current assets 219,321 230,795
TOTAL CURRENT ASSETS  5,386,371 5,041,367
Auto loans receivable, net of allowance for loan losses of $538,018 and $507,201 as of August 31, 2023 and February 28, 2023, respectively 16,999,750 16,341,791
Property and equipment, net of accumulated depreciation of $1,727,472 and $1,614,924 as of August 31, 2023 and February 28, 2023, respectively 3,538,683 3,430,914
Deferred Income Tax Assets, Net 111,919 80,740
Operating lease assets 540,718 545,677
Goodwill 141,258 141,258
Other assets 581,462 600,989
TOTAL ASSETS  27,300,161 26,182,736
CURRENT LIABILITIES:    
Accounts payable 932,068 826,592
Accrued expenses and other current liabilities 513,137 478,964
Accrued income taxes 103 0
Current portion of operating lease liabilities 55,441 53,287
Current portion of long-term debt 312,230 111,859
Current portion of non-recourse notes payable 507,409 467,609
TOTAL CURRENT LIABILITIES  2,320,388 1,938,311
Long-term debt, excluding current portion 1,608,724 1,909,361
Non-recourse notes payable, excluding current portion 16,475,698 15,865,776
Operating lease liabilities, excluding current portion 516,839 523,828
Other liabilities 372,853 332,383
TOTAL LIABILITIES  21,294,502 20,569,659
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 158,655,733 and 158,079,033 shares issued and outstanding as of August 31, 2023 and February 28, 2023, respectively 79,328 79,040
Capital in excess of par value 1,777,707 1,713,074
Accumulated other comprehensive income 78,597 97,869
Retained earnings 4,070,027 3,723,094
TOTAL SHAREHOLDERS’ EQUITY  6,005,659 5,613,077
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,300,161 $ 26,182,736