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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2024
Feb. 29, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 524,667 $ 574,142
Restricted cash from collections on auto loans receivable 572,630 506,648
Accounts receivable, net 228,112 221,153
Inventory 3,397,746 3,678,070
Other current assets 135,901 246,581
TOTAL CURRENT ASSETS  4,859,056 5,226,594
Auto loans receivable, net of allowance for loan losses of $500,834 and $482,790 as of August 31, 2024 and February 29, 2024, respectively 17,413,589 17,011,844
Property and equipment, net of accumulated depreciation of $1,940,005 and $1,813,783 as of August 31, 2024 and February 29, 2024, respectively 3,763,089 3,665,530
Deferred Income Tax Assets, Net 126,883 98,790
Operating lease assets 495,783 520,717
Goodwill 141,258 141,258
Other assets 496,160 532,064
TOTAL ASSETS  27,295,818 27,196,797
CURRENT LIABILITIES:    
Accounts payable 1,008,044 933,708
Accrued expenses and other current liabilities 483,922 523,971
Accrued income taxes 34,063 0
Current portion of operating lease liabilities 57,959 57,161
Current portion of long-term debt 21,771 313,282
Current portion of non-recourse notes payable 550,045 484,167
TOTAL CURRENT LIABILITIES  2,155,804 2,312,289
Long-term debt, excluding current portion 1,588,260 1,602,355
Non-recourse notes payable, excluding current portion 16,516,943 16,357,301
Operating lease liabilities, excluding current portion 473,158 496,210
Other liabilities 382,044 354,902
TOTAL LIABILITIES  21,116,209 21,123,057
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 155,332,046 and 157,611,939 shares issued and outstanding as of August 31, 2024 and February 29, 2024, respectively 77,666 78,806
Capital in excess of par value 1,856,385 1,808,746
Accumulated other comprehensive income 9,057 59,279
Retained earnings 4,236,501 4,126,909
TOTAL SHAREHOLDERS’ EQUITY  6,179,609 6,073,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $ 27,295,818 $ 27,196,797