PRICESMART INC
For the period ended Feb 29, 2024. Filed Apr 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.
Feb 29, 2024 · Filed Apr 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 BALANCE SHEETS AS OF (UNAUDITED) AND
CONSOLIDATED BALANCE SHEETS
(AMOUNTS IN THOUSANDS, EXCEPT SHARE DATA)
| February 29,2024(Unaudited) | August 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $170,563 | $239,984 |
| Short-term restricted cash | 2,834 | 2,865 |
| Short-term investments | 93,630 | 91,081 |
| Receivables, net of allowance for doubtful accounts of $64 as of February 29, 2024 and $67 as of August 31, 2023 | 19,819 | 17,904 |
| Merchandise inventories | 502,292 | 471,407 |
| Prepaid expenses and other current assets (includes $3,293 and $0 as of February 29, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 58,514 | 53,866 |
| Total current assets | 847,652 | 877,107 |
| Long-term restricted cash | 9,178 | 9,353 |
| Property and equipment, net | 925,035 | 850,328 |
| Operating lease right-of-use assets, net | 100,175 | 114,201 |
| Goodwill | 43,131 | 43,110 |
| Deferred tax assets | 32,147 | 32,039 |
| Other non-current assets (includes $1,918 and $7,817 as of February 29, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 68,900 | 68,991 |
| Investment in unconsolidated affiliates | 10,558 | 10,479 |
| Total Assets | $2,036,776 | $2,005,608 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Short-term borrowings | $6,101 | $8,679 |
| Accounts payable | 507,077 | 453,229 |
| Accrued salaries and benefits | 36,016 | 45,441 |
| Deferred income | 38,277 | 32,613 |
| Income taxes payable | 8,302 | 9,428 |
| Other accrued expenses and other current liabilities (includes $2,870 and $1,913 as of February 29, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 50,390 | 57,273 |
| Operating lease liabilities, current portion | 7,181 | 7,621 |
| Dividends payable | 17,771 | — |
| Long-term debt, current portion | 37,615 | 20,193 |
| Total current liabilities | 708,730 | 634,477 |
| Deferred tax liability | 1,744 | 1,936 |
| Long-term income taxes payable, net of current portion | 5,010 | 5,045 |
| Long-term operating lease liabilities | 107,835 | 122,195 |
| Long-term debt, net of current portion | 102,350 | 119,487 |
| Other long-term liabilities (includes $4,259 and $3,321 for the fair value of derivative instruments and $12,974 and $12,105 for post-employment plans as of February 29, 2024 and August 31, 2023, respectively) | 17,233 | 15,425 |
| Total Liabilities | 942,902 | 898,565 |
| Stockholders' Equity: | ||
|---|---|---|
| Common stock $0.0001 par value, 45,000,000 shares authorized; 32,578,542 and 31,934,900 shares issued and 30,656,141 and 30,976,941 shares outstanding (net of treasury shares) as of February 29, 2024 and August 31, 2023, respectively | 3 | 3 |
| Additional paid-in capital | 505,349 | 497,434 |
| Accumulated other comprehensive loss | (155,289) | (163,992) |
| Retained earnings | 859,325 | 817,559 |
| Less: treasury stock at cost, 1,922,401 shares as of February 29, 2024 and 957,959 shares as of August 31, 2023 | (115,514) | (43,961) |
| Total Stockholders' Equity | 1,093,874 | 1,107,043 |
| Total Liabilities and Equity | $2,036,776 | $2,005,608 |
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