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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2025
Feb. 28, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 262,819 $ 246,960
Restricted cash from collections on auto loans held for investment 584,277 559,118
Accounts receivable, net 200,305 188,733
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance 637,947 0
Inventory 3,624,353 3,934,622
Other current assets 142,890 148,203
TOTAL CURRENT ASSETS  5,452,591 5,077,636
Auto loans held for investment, net of allowance for loan losses of $474,222 and $458,730 as of May 31, 2025 and February 28, 2025, respectively 16,802,744 17,242,789
Property and equipment, net of accumulated depreciation of $2,071,389 and $2,014,563 as of May 31, 2025 and February 28, 2025, respectively 3,909,977 3,841,833
Deferred Income Tax Assets, Net 141,183 140,332
Operating lease assets 482,613 493,355
Goodwill 141,258 141,258
Other assets 456,039 467,003
TOTAL ASSETS  27,386,405 27,404,206
CURRENT LIABILITIES:    
Accounts payable 980,499 977,845
Accrued expenses and other current liabilities 409,003 529,926
Accrued income taxes 79,412 87,526
Current portion of operating lease liabilities 58,332 59,335
Current portion of long-term debt 217,319 16,821
Current portion of non-recourse notes payable 532,787 526,518
TOTAL CURRENT LIABILITIES  2,277,352 2,197,971
Long-term debt, excluding current portion 1,366,176 1,570,296
Non-recourse notes payable, excluding current portion 16,639,622 16,567,044
Operating lease liabilities, excluding current portion 470,912 481,963
Other liabilities 345,434 343,944
TOTAL LIABILITIES  21,099,496 21,161,218
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 150,582,152 and 153,319,678 shares issued and outstanding as of May 31, 2025 and February 28, 2025, respectively 75,291 76,660
Capital in excess of par value 1,899,003 1,891,012
Accumulated other comprehensive (loss) income (8,246) 3,080
Retained earnings 4,320,861 4,272,236
TOTAL SHAREHOLDERS’ EQUITY  6,286,909 6,242,988
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,386,405 $ 27,404,206