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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2023
Feb. 28, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 605,375 $ 314,758
Restricted cash from collections on auto loans receivable 483,570 470,889
Accounts receivable, net 212,406 298,783
Inventory 3,638,946 3,726,142
Other current assets 169,653 230,795
TOTAL CURRENT ASSETS  5,109,950 5,041,367
Auto loans receivable, net of allowance for loan losses of $511,924 and $507,201 as of November 30, 2023 and February 28, 2023, respectively 17,081,891 16,341,791
Property and equipment, net of accumulated depreciation of $1,782,087 and $1,614,924 as of November 30, 2023 and February 28, 2023, respectively 3,623,697 3,430,914
Deferred Income Tax Assets, Net 121,219 80,740
Operating lease assets 533,387 545,677
Goodwill 141,258 141,258
Other assets 561,848 600,989
TOTAL ASSETS  27,173,250 26,182,736
CURRENT LIABILITIES:    
Accounts payable 762,594 826,592
Accrued expenses and other current liabilities 494,365 478,964
Accrued income taxes 10,581 0
Current portion of operating lease liabilities 56,410 53,287
Current portion of long-term debt 312,744 111,859
Current portion of non-recourse notes payable 446,544 467,609
TOTAL CURRENT LIABILITIES  2,083,238 1,938,311
Long-term debt, excluding current portion 1,605,638 1,909,361
Non-recourse notes payable, excluding current portion 16,558,053 15,865,776
Operating lease liabilities, excluding current portion 509,141 523,828
Other liabilities 372,815 332,383
TOTAL LIABILITIES  21,128,885 20,569,659
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 158,021,407 and 158,079,033 shares issued and outstanding as of November 30, 2023 and February 28, 2023, respectively 79,011 79,040
Capital in excess of par value 1,786,924 1,713,074
Accumulated other comprehensive income 60,667 97,869
Retained earnings 4,117,763 3,723,094
TOTAL SHAREHOLDERS’ EQUITY  6,044,365 5,613,077
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,173,250 $ 26,182,736