PRICESMART INC
For the period ended Nov 30, 2023. Filed Jan 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 9, 2024
PSMT$166.71+0.5%Stored close · as of Nov 10, 2026
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CONSOLIDATED BALANCE SHEETS AS OF (UNAUDITED) AND
CONSOLIDATED BALANCE SHEETS
(AMOUNTS IN THOUSANDS, EXCEPT SHARE DATA)
| November 30,2023(Unaudited) | August 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $174,452 | $239,984 |
| Short-term restricted cash | 2,869 | 2,865 |
| Short-term investments | 88,002 | 91,081 |
| Receivables, net of allowance for doubtful accounts of $62 as of November 30, 2023 and $67 as of August 31, 2023, respectively | 17,645 | 17,904 |
| Merchandise inventories | 529,898 | 471,407 |
| Prepaid expenses and other current assets (includes $3,532 and $0 as of November 30, 2023 and August 31, 2023, respectively, for the fair value of derivative instruments) | 67,969 | 53,866 |
| Total current assets | 880,835 | 877,107 |
| Long-term restricted cash | 9,567 | 9,353 |
| Property and equipment, net | 873,440 | 850,328 |
| Operating lease right-of-use assets, net | 112,383 | 114,201 |
| Goodwill | 43,135 | 43,110 |
| Deferred tax assets | 31,253 | 32,039 |
| Other non-current assets (includes $2,864 and $7,817 as of November 30, 2023 and August 31, 2023, respectively, for the fair value of derivative instruments) | 68,123 | 68,991 |
| Investment in unconsolidated affiliates | 10,543 | 10,479 |
| Total Assets | $2,029,279 | $2,005,608 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Short-term borrowings | $9,199 | $8,679 |
| Accounts payable | 522,568 | 453,229 |
| Accrued salaries and benefits | 34,702 | 45,441 |
| Deferred income | 33,932 | 32,613 |
| Income taxes payable | 9,837 | 9,428 |
| Other accrued expenses and other current liabilities (includes $2,930 and $1,913 as of November 30, 2023 and August 31, 2023, respectively, for the fair value of derivative instruments) | 52,175 | 57,273 |
| Operating lease liabilities, current portion | 7,508 | 7,621 |
| Long-term debt, current portion | 35,276 | 20,193 |
| Total current liabilities | 705,197 | 634,477 |
| Deferred tax liability | 1,789 | 1,936 |
| Long-term income taxes payable, net of current portion | 5,115 | 5,045 |
| Long-term operating lease liabilities | 120,711 | 122,195 |
| Long-term debt, net of current portion | 99,704 | 119,487 |
| Other long-term liabilities (includes $2,016 and $3,321 for the fair value of derivative instruments and $12,504 and $12,105 for post-employment plans as of November 30, 2023 and August 31, 2023, respectively) | 14,519 | 15,425 |
| Total Liabilities | 947,035 | 898,565 |
| Stockholders' Equity: | ||
|---|---|---|
| Common stock $0.0001 par value, 45,000,000 shares authorized; 32,416,171 and 31,934,900 shares issued and 30,516,876 and 30,976,941 shares outstanding (net of treasury shares) as of November 30, 2023 and August 31, 2023, respectively | 3 | 3 |
| Additional paid-in capital | 500,795 | 497,434 |
| Accumulated other comprehensive loss | (160,412) | (163,992) |
| Retained earnings | 855,606 | 817,559 |
| Less: treasury stock at cost, 1,899,295 shares as of November 30, 2023 and 957,959 shares as of August 31, 2023 | (113,748) | (43,961) |
| Total Stockholders' Equity | 1,082,244 | 1,107,043 |
| Total Liabilities and Equity | $2,029,279 | $2,005,608 |
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