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
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE MONTHS ENDED
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| November 30,2023 | November 30,2022 | |
| Operating Activities: | ||
| Net income | $38,047 | $32,905 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 19,494 | 17,568 |
| Allowance for doubtful accounts | (5) | 16 |
| Loss on sale of property and equipment | 93 | 158 |
| Deferred income taxes | 1,310 | 358 |
| Equity in losses (gains) of unconsolidated affiliates | (63) | 38 |
| Stock-based compensation | 3,546 | 4,236 |
| Change in operating assets and liabilities: | ||
| Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals | (28,390) | (15,856) |
| Merchandise inventories | (58,491) | (45,649) |
| Accounts payable | 65,557 | 36,689 |
| Net cash provided by operating activities | 41,098 | 30,463 |
| Investing Activities: | ||
| Additions to property and equipment | (33,300) | (23,944) |
| Purchases of short-term investments | (55,204) | — |
| Proceeds from settlements of short-term investments | 58,331 | 2,230 |
| Proceeds from disposal of property and equipment | 57 | 221 |
| Net cash used in investing activities | (30,116) | (21,493) |
| Financing Activities: | ||
| Proceeds from long-term bank borrowings | — | 19,914 |
| Repayment of long-term bank borrowings | (4,849) | (5,113) |
| Proceeds from short-term bank borrowings | 1,160 | 1,218 |
| Repayment of short-term bank borrowings | (848) | — |
| Purchase of treasury stock | (69,972) | (1,300) |
| Net cash provided by (used in) financing activities | (74,509) | 14,719 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (1,787) | 6,626 |
| Net increase (decrease) in cash, cash equivalents | (65,314) | 30,315 |
| Cash, cash equivalents and restricted cash at beginning of period | 252,202 | 251,373 |
| Cash, cash equivalents and restricted cash at end of period | $186,888 | $281,688 |
| Supplemental disclosure of noncash investing activities: | ||
| Capital expenditures accrued, but not yet paid | $8,312 | $4,606 |
CONSOLIDATED STATEMENTS OF CASH FLOWS — (Continued)
The following table provides a breakdown of cash and cash equivalents, and restricted cash reported within the statement of cash flows:
| Three Months Ended | ||
|---|---|---|
| November 30,2023 | November 30,2022 | |
| Cash and cash equivalents | $174,452 | $267,944 |
| Short-term restricted cash | 2,869 | 2,873 |
| Long-term restricted cash | 9,567 | 10,871 |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | $186,888 | $281,688 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.