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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2022
Aug. 31, 2021
Current Assets:    
Cash and cash equivalents $ 237,710 $ 202,060
Short-term restricted cash 3,013 3,647
Short-term investments 11,160 50,233
Receivables, net of allowance for doubtful accounts of $103 as of August 31, 2022 and $94 as of August 31, 2021, respectively 13,391 12,359
Merchandise inventories 464,411 389,711
Prepaid expenses and other current assets (includes $2,761 and $0 as of August 31, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 43,894 39,194
Total current assets 773,579 697,204
Long-term restricted cash 10,650 9,772
Property and equipment, net 757,241 730,204
Operating lease right-of-use assets, net 111,810 123,655
Goodwill 43,303 45,095
Other intangibles, net 765 7,762
Deferred tax assets 28,355 24,225
Other non-current assets (includes $11,884 and $2,464 as of August 31, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 72,163 57,329
Investment in unconsolidated affiliates 10,534 10,544
Total Assets 1,808,400 1,705,790
Current Liabilities:    
Short-term borrowings 10,608  
Accounts payable 408,407 388,791
Accrued salaries and benefits 44,097 41,896
Deferred income 29,228 26,898
Income taxes payable 7,243 8,310
Other accrued expenses and other current liabilities (includes $82 and $0 as of August 31, 2022 and August 31, 2021, respectively, for the fair value of derivative instruments) 38,667 39,736
Operating lease liabilities, current portion 7,491 8,526
Long-term debt, current portion 33,715 19,395
Total current liabilities 579,456 533,552
Deferred tax liability 2,165 1,568
Long-term income taxes payable, net of current portion 5,215 4,160
Long-term operating lease liabilities 118,496 129,256
Long-term debt, net of current portion 103,556 110,110
Other long-term liabilities (includes $0 and $3,010 for the fair value of derivative instruments and $8,440 and $7,380 for post-employment plans as of August 31, 2022 and August 31, 2021, respectively) 8,439 10,930
Total Liabilities 817,327 789,576
Stockholders' Equity:    
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,697,590 and 31,467,971 shares issued and 30,904,826 and 30,755,308 shares outstanding (net of treasury shares) as of August 31, 2022 and August 31, 2021, respectively 3 3
Additional paid-in capital 481,406 465,015
Accumulated other comprehensive loss (195,586) (182,508)
Retained earnings 736,894 658,919
Less: treasury stock at cost, 792,764 shares as of August 31, 2022 and 712,663 shares as of August 31, 2021 (31,644) (26,084)
Total stockholders' equity attributable to PriceSmart, Inc. stockholders 991,073 915,345
Noncontrolling interest in consolidated subsidiaries   869
Total stockholders' equity 991,073 916,214
Total Liabilities and Equity $ 1,808,400 $ 1,705,790