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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2018
Feb. 28, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 76,348 $ 44,525
Restricted cash from collections on auto loan receivables 431,407 399,442
Accounts receivable, net 101,351 133,321
Inventory 2,260,029 2,390,694
Other current assets 88,359 93,462
TOTAL CURRENT ASSETS 2,957,494 3,061,444
Auto loan receivables, net 11,842,749 11,535,704
Property and equipment, net 2,714,495 2,667,061
Deferred income taxes 55,494 63,256
Other assets 185,935 158,807
TOTAL ASSETS 17,756,167 17,486,272
CURRENT LIABILITIES:    
Accounts payable 586,337 529,733
Accrued expenses and other current liabilities 252,633 278,771
Accrued income taxes 55,991 0
Short-term debt 365 127
Current portion of finance and capital lease obligations 10,550 9,994
Current portion of non-recourse notes payable 382,326 355,433
TOTAL CURRENT LIABILITIES 1,288,202 1,174,058
Long-term debt, excluding current portion 798,083 995,479
Finance and capital lease obligations, excluding current portion 497,416 490,369
Non-recourse notes payable, excluding current portion 11,565,653 11,266,964
Other liabilities 223,052 242,553
TOTAL LIABILITIES 14,372,406 14,169,423
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 176,719,782 and 179,747,894 shares issued and outstanding as of May 31, 2018 and February 28, 2018, respectively 88,360 89,874
Capital in excess of par value 1,234,612 1,234,047
Accumulated other comprehensive loss (55,045) (54,312)
Retained earnings 2,115,834 2,047,240
TOTAL SHAREHOLDERS’ EQUITY 3,383,761 3,316,849
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 17,756,167 $ 17,486,272