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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2017
Feb. 28, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 25,765 $ 38,416
Restricted cash from collections on auto loan receivables 404,276 380,353
Accounts receivable, net 99,733 152,388
Inventory 2,231,769 2,260,563
Other current assets 41,792 41,910
TOTAL CURRENT ASSETS 2,803,335 2,873,630
Auto loan receivables, net 11,172,330 10,596,076
Property and equipment, net 2,602,323 2,518,393
Deferred income taxes 150,684 150,962
Other assets 147,061 140,295
TOTAL ASSETS 16,875,733 16,279,356
CURRENT LIABILITIES:    
Accounts payable 568,036 494,989
Accrued expenses and other current liabilities 251,933 266,128
Accrued income taxes 14,898 1,404
Short-term debt 271 62
Current portion of finance and capital lease obligations 9,302 9,491
Current portion of non-recourse notes payable 357,117 333,713
TOTAL CURRENT LIABILITIES 1,201,557 1,105,787
Long-term debt, excluding current portion 815,770 952,562
Finance and capital lease obligations, excluding current portion 493,200 486,645
Non-recourse notes payable, excluding current portion 10,925,034 10,387,231
Other liabilities 239,186 238,551
TOTAL LIABILITIES 13,674,747 13,170,776
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 181,903,784 and 186,548,602 shares issued and outstanding as of August 31, 2017 and February 28, 2017, respectively 90,952 93,274
Capital in excess of par value 1,193,799 1,188,578
Accumulated other comprehensive loss (59,627) (56,555)
Retained earnings 1,975,862 1,883,283
TOTAL SHAREHOLDERS’ EQUITY 3,200,986 3,108,580
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 16,875,733 $ 16,279,356