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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2025
Feb. 28, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 540,374 $ 246,960
Restricted cash from collections on auto loans held for investment 618,792 559,118
Accounts receivable, net 173,556 188,733
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance 921,928 0
Inventory 3,149,570 3,934,622
Other current assets 137,798 148,203
TOTAL CURRENT ASSETS  5,542,018 5,077,636
Auto loans held for investment, net of allowance for loan losses of $507,286 and $458,730 as of August 31, 2025 and February 28, 2025, respectively 16,386,236 17,242,789
Property and equipment, net of accumulated depreciation of $2,138,883 and $2,014,563 as of August 31, 2025 and February 28, 2025, respectively 3,969,003 3,841,833
Deferred Income Tax Assets, Net 105,729 140,332
Operating lease assets 476,367 493,355
Goodwill 141,258 141,258
Other assets 459,033 467,003
TOTAL ASSETS  27,079,644 27,404,206
CURRENT LIABILITIES:    
Accounts payable 913,350 977,845
Accrued expenses and other current liabilities 477,994 529,926
Accrued income taxes 4,871 87,526
Current portion of operating lease liabilities 57,948 59,335
Current portion of long-term debt 216,855 16,821
Current portion of non-recourse notes payable 581,018 526,518
TOTAL CURRENT LIABILITIES  2,252,036 2,197,971
Long-term debt, excluding current portion 1,369,764 1,570,296
Non-recourse notes payable, excluding current portion 16,447,623 16,567,044
Operating lease liabilities, excluding current portion 463,844 481,963
Other liabilities 345,855 343,944
TOTAL LIABILITIES  20,879,122 21,161,218
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 147,673,338 and 153,319,678 shares issued and outstanding as of August 31, 2025 and February 28, 2025, respectively 73,837 76,660
Capital in excess of par value 1,873,377 1,891,012
Accumulated other comprehensive (loss) income (21,306) 3,080
Retained earnings 4,274,614 4,272,236
TOTAL SHAREHOLDERS’ EQUITY  6,200,522 6,242,988
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,079,644 $ 27,404,206