PRICESMART INC
For the period ended Aug 31, 2024. Filed Oct 30, 2024.
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FY2024 · Filed Oct 30, 2024
PSMT$166.71+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of August 31 and
CONSOLIDATED BALANCE SHEETS
(AMOUNTS IN THOUSANDS, EXCEPT SHARE DATA)
| August 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $125,364 | $239,984 |
| Short-term restricted cash | 1,383 | 2,865 |
| Short-term investments | 100,165 | 91,081 |
| Receivables, net of allowance for credit losses of $52 as of August 31, 2024 and $67 as of August 31, 2023, respectively | 18,847 | 17,904 |
| Merchandise inventories | 528,678 | 471,407 |
| Prepaid expenses and other current assets (includes $4,480 and $0 as of August 31, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 57,910 | 53,866 |
| Total current assets | 832,347 | 877,107 |
| Long-term restricted cash | 9,564 | 9,353 |
| Property and equipment, net | 936,108 | 850,328 |
| Operating lease right-of-use assets, net | 96,415 | 114,201 |
| Goodwill | 43,197 | 43,110 |
| Deferred tax assets | 36,618 | 32,039 |
| Other non-current assets (includes $1,482 and $7,817 as of August 31, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 61,563 | 68,991 |
| Investment in unconsolidated affiliates | 6,882 | 10,479 |
| Total Assets | $2,022,694 | $2,005,608 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Short-term borrowings | $8,007 | $8,679 |
| Accounts payable | 485,961 | 453,229 |
| Accrued salaries and benefits | 48,263 | 45,441 |
| Deferred income | 38,079 | 32,613 |
| Income taxes payable | 6,516 | 9,428 |
| Other accrued expenses and other current liabilities (includes $1,179 and $1,913 as of August 31, 2024 and August 31, 2023, respectively, for the fair value of derivative instruments) | 50,035 | 57,273 |
| Operating lease liabilities, current portion | 7,370 | 7,621 |
| Long-term debt, current portion | 35,917 | 20,193 |
| Total current liabilities | 680,148 | 634,477 |
| Deferred tax liability | 1,644 | 1,936 |
| Long-term income taxes payable, net of current portion | 4,762 | 5,045 |
| Long-term operating lease liabilities | 103,890 | 122,195 |
| Long-term debt, net of current portion | 94,443 | 119,487 |
| Other long-term liabilities (includes $2,100 and $3,321 for the fair value of derivative instruments and $12,742 and $12,105 for post-employment plans as of August 31, 2024 and August 31, 2023, respectively) | 14,842 | 15,425 |
| Total Liabilities | 899,729 | 898,565 |
| Stockholders' Equity: | ||
| Common stock $0.0001 par value, 45,000,000 shares authorized; 32,570,858 and 31,934,900 shares issued and 30,635,556 and 30,976,941 shares outstanding (net of treasury shares) as of August 31, 2024 and August 31, 2023, respectively | 3 | 3 |
| Additional paid-in capital | 514,542 | 497,434 |
| Accumulated other comprehensive loss | (164,590) | (163,992) |
| Retained earnings | 890,272 | 817,559 |
| Less: treasury stock at cost, 1,935,302 shares as of August 31, 2024 and 957,959 shares as of August 31, 2023 | (117,262) | (43,961) |
| Total Stockholders' Equity | 1,122,965 | 1,107,043 |
| Total Liabilities and Equity | $2,022,694 | $2,005,608 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.