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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2024
Feb. 29, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 271,910 $ 574,142
Restricted cash from collections on auto loans receivable 541,153 506,648
Accounts receivable, net 213,593 221,153
Inventory 3,665,163 3,678,070
Other current assets 126,817 246,581
TOTAL CURRENT ASSETS  4,818,636 5,226,594
Auto loans receivable, net of allowance for loan losses of $478,923 and $482,790 as of November 30, 2024 and February 29, 2024, respectively 17,412,940 17,011,844
Property and equipment, net of accumulated depreciation of $2,003,774 and $1,813,783 as of November 30, 2024 and February 29, 2024, respectively 3,799,312 3,665,530
Deferred Income Tax Assets, Net 133,258 98,790
Operating lease assets 504,979 520,717
Goodwill 141,258 141,258
Other assets 486,743 532,064
TOTAL ASSETS  27,297,126 27,196,797
CURRENT LIABILITIES:    
Accounts payable 985,891 933,708
Accrued expenses and other current liabilities 456,541 523,971
Accrued income taxes 69,816 0
Current portion of operating lease liabilities 60,338 57,161
Current portion of long-term debt 15,020 313,282
Current portion of non-recourse notes payable 509,686 484,167
TOTAL CURRENT LIABILITIES  2,097,292 2,312,289
Long-term debt, excluding current portion 1,589,454 1,602,355
Non-recourse notes payable, excluding current portion 16,559,771 16,357,301
Operating lease liabilities, excluding current portion 481,344 496,210
Other liabilities 358,055 354,902
TOTAL LIABILITIES  21,085,916 21,123,057
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 153,908,030 and 157,611,939 shares issued and outstanding as of November 30, 2024 and February 29, 2024, respectively 76,954 78,806
Capital in excess of par value 1,853,489 1,808,746
Accumulated other comprehensive income 14,827 59,279
Retained earnings 4,265,940 4,126,909
TOTAL SHAREHOLDERS’ EQUITY  6,211,210 6,073,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,297,126 $ 27,196,797