Pricesmart, inc. (PSMT)
Balance Sheet / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Aug'10
ASSETS
Current Assets:
Cash and cash equivalents

132,845

111,359

102,653

106,445

90,261

81,047

93,460

141,164

152,132

129,183

162,434

192,106

181,990

175,402

199,522

202,616

173,008

140,006

157,072

145,593

119,243

119,213

137,098

123,759

75,337

77,226

121,874

92,408

101,202

84,350

91,248

104,943

90,799

58,276

76,817

65,846

73,346

Short-term restricted cash

93

65

54

4,136

4,464

4,164

405

676

365

373

460

816

816

517

518

518

135

60

61

16,249

1,500

4,376

2,353

2,356

2,328

3,100

5,984

4,386

4,367

1,220

1,241

1,288

1,288

1,240

1,240

1,240

1,240

Short-term investments

30,448

25,098

17,045

17,023

23,501

25,986

32,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables, net of allowance for doubtful accounts of $125 as of February 29, 2020 and $144 as of August 31, 2019, respectively

10,905

10,293

9,872

9,543

10,500

9,830

8,859

8,998

8,194

6,602

6,460

6,591

6,384

7,761

7,464

5,949

7,178

7,691

9,662

8,261

7,078

6,467

7,910

4,507

3,614

3,481

3,130

3,352

3,447

6,085

3,361

4,323

4,114

3,978

3,655

3,865

2,855

Merchandise inventories

323,022

388,072

331,273

326,724

334,899

380,079

321,025

326,200

314,811

372,413

310,946

279,417

296,984

326,989

282,907

253,778

260,101

322,623

267,175

266,184

281,256

323,408

226,383

230,693

236,471

298,721

217,413

220,923

219,454

239,978

201,043

180,263

179,904

219,593

177,232

167,687

131,190

Deferred tax assets  current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,229

-

7,520

6,839

7,121

6,177

6,075

6,219

7,126

6,290

6,265

6,042

5,941

5,619

4,897

4,550

5,042

4,252

4,491

3,639

Prepaid expenses and other current assets (includes $0 and $2,736 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments)

28,242

36,990

30,999

36,649

35,898

33,642

31,800

32,680

30,115

36,168

30,070

21,805

20,922

24,194

22,143

18,030

24,366

28,735

22,535

31,055

27,068

25,189

17,260

23,756

24,654

30,717

20,890

22,853

33,049

34,628

19,067

28,743

32,401

32,581

29,117

27,969

21,879

Assets of Disposal Group, Including Discontinued Operation, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

46

41

464

507

692

Total current assets

525,555

571,877

491,896

500,520

499,523

534,748

487,853

509,718

505,617

544,739

510,370

500,735

507,096

534,863

512,554

480,891

464,788

507,344

456,505

474,862

442,984

485,774

397,181

391,146

348,623

420,371

375,581

350,187

367,561

372,202

321,579

324,467

313,102

320,751

292,777

271,605

234,841

Long-term restricted cash

3,831

3,689

3,529

3,402

3,352

3,175

3,049

2,973

3,114

2,986

2,818

2,765

2,709

2,735

2,676

2,618

2,360

2,063

1,464

9,489

25,428

27,062

27,013

26,923

26,760

26,759

34,775

34,576

34,565

36,520

36,505

36,665

36,662

28,662

22,626

20,590

5,640

Property and equipment, net

706,848

693,275

671,151

629,063

626,279

605,612

594,403

597,240

580,117

567,038

557,829

533,157

535,479

469,423

473,045

456,584

440,523

443,062

433,040

442,723

424,360

432,872

426,325

396,749

374,335

351,210

338,478

329,914

326,636

307,346

299,567

289,700

282,264

272,997

281,111

281,389

265,544

Operating lease right-of-use assets, net

123,231

118,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

45,413

45,425

46,101

46,158

46,263

46,248

46,329

51,351

35,473

35,578

35,642

35,632

35,692

35,603

35,637

35,652

35,701

35,846

35,871

35,965

36,069

36,162

36,108

36,176

36,321

36,289

36,364

36,622

36,699

36,821

36,886

37,104

37,221

37,236

37,361

37,465

37,471

Other intangibles, net

11,378

11,977

12,576

13,182

13,788

14,381

14,980

15,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

18,823

17,790

15,474

13,846

11,786

10,877

10,166

10,509

10,449

15,200

15,412

13,893

12,251

11,783

12,258

15,009

13,648

7,016

14,845

7,178

9,013

9,449

11,825

12,862

12,942

12,038

12,871

13,657

13,399

13,515

14,835

14,947

15,134

15,258

17,000

14,452

16,637

Other non-current assets (includes $241 and $0 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments)

52,578

51,226

44,987

44,983

46,525

51,468

48,854

48,317

46,168

46,506

44,678

46,928

52,966

52,690

49,798

48,271

41,012

41,881

39,182

35,651

38,267

35,744

30,755

25,734

26,477

25,787

19,866

19,431

5,765

5,395

18,781

5,492

5,560

5,556

5,390

4,127

4,341

Investment in unconsolidated affiliates

10,635

10,649

10,697

10,710

10,714

10,734

10,758

10,769

10,786

10,781

10,765

10,766

10,759

10,773

10,767

10,798

10,811

10,382

10,317

10,315

10,245

10,069

8,863

8,861

8,858

8,108

8,104

8,107

8,100

8,105

7,559

7,565

7,584

7,582

8,063

8,063

8,091

Total Assets

1,498,292

1,524,111

1,296,411

1,261,864

1,258,230

1,277,243

1,216,392

1,246,470

1,191,724

1,222,828

1,177,514

1,143,876

1,156,952

1,117,870

1,096,735

1,049,823

1,008,843

1,047,594

991,224

1,016,183

986,366

1,037,132

938,070

898,451

834,316

880,562

826,039

792,494

792,725

779,904

735,712

715,940

697,527

688,042

664,328

637,691

572,565

LIABILITIES AND EQUITY
Current Liabilities:
Short-term borrowings

3,579

23,018

7,540

2,152

-

-

-

334

-

2,483

-

-

6,561

12,211

16,534

10,127

-

1,935

6,606

-

4,470

17,066

0

-

-

13,000

-

-

-

-

-

2,169

135

5,812

2,259

4,642

3,551

Accounts payable

281,098

328,585

286,219

271,298

274,311

312,390

255,739

268,976

253,579

297,371

272,248

233,226

265,756

280,601

267,173

245,096

237,810

275,908

241,978

240,426

233,266

282,435

223,559

197,671

194,959

230,890

199,425

175,037

196,171

200,829

173,198

164,756

167,418

179,852

163,432

137,756

124,401

Accrued salaries and benefits

25,118

24,131

25,401

23,813

20,219

21,733

22,836

23,594

18,682

19,250

19,151

20,664

17,181

17,645

19,606

18,502

15,124

16,396

17,977

18,767

15,288

16,221

16,614

18,041

15,048

16,171

17,862

16,267

13,028

12,641

14,729

13,590

11,052

10,781

11,681

11,904

10,911

Deferred income

27,084

25,147

25,340

25,070

24,725

22,584

23,018

23,785

24,255

22,234

22,100

22,346

22,921

20,905

20,920

21,127

21,804

20,383

20,184

21,244

21,992

20,190

17,932

17,770

18,042

17,231

16,528

16,568

16,723

15,002

13,747

13,079

13,185

12,027

11,416

10,950

9,729

Income taxes payable

7,773

6,640

4,637

4,219

3,793

2,211

4,636

5,124

8,839

5,217

5,044

5,257

5,933

4,892

4,226

5,425

6,398

7,777

9,595

8,769

8,359

7,577

7,718

6,867

8,431

7,455

8,059

7,208

7,735

6,690

8,193

8,107

7,754

4,869

7,655

7,141

6,615

Other accrued expenses and other current liabilities (includes $45 and $0 as of February 29, 2020 and August 31, 2019, respectively, for the fair value of derivative instruments)

41,824

40,519

32,442

29,576

32,652

32,267

28,281

28,852

26,449

28,253

26,483

20,788

22,620

25,450

24,880

21,910

22,649

23,450

23,558

27,916

22,193

25,052

21,030

18,696

18,115

17,646

20,136

18,877

16,365

13,834

17,515

13,969

11,573

10,905

12,556

10,865

12,095

Operating lease liabilities, current portion

8,402

8,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

10,719

-

-

10,672

10,672

-

-

10,652

10,652

-

-

10,643

10,643

-

-

10,629

10,629

-

-

10,564

10,564

0

-

10,593

10,593

0

-

9,065

9,065

18,129

-

9,063

9,063

-

-

8,970

-

Long-term debt, current portion

16,247

13,726

25,875

23,480

26,193

19,376

14,855

14,644

14,160

18,257

18,358

20,376

14,623

14,664

14,565

16,099

16,018

15,986

17,169

26,956

14,792

10,932

11,848

15,742

18,887

16,375

12,757

7,784

7,791

7,798

7,237

7,266

7,282

7,287

7,771

7,767

7,715

Deferred tax liability  current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

130

137

162

157

189

138

128

111

188

180

173

122

378

364

433

533

429

357

Liabilities of Disposal Group, Including Discontinued Operation, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

2

40

194

109

Total current liabilities

421,844

470,076

407,454

390,280

392,565

410,561

349,365

375,961

356,616

393,065

363,384

333,300

366,238

376,368

367,904

348,915

330,432

361,853

337,067

354,772

331,061

379,635

298,858

285,569

284,213

318,896

274,878

250,994

267,058

275,096

234,741

232,377

227,828

231,968

217,343

200,618

175,483

Deferred tax liability

1,718

1,829

2,015

1,766

2,078

1,923

1,894

5,884

1,800

1,647

1,812

1,472

1,693

1,647

1,760

1,879

1,544

2,117

1,755

2,458

2,432

2,398

2,290

2,716

3,107

2,603

2,622

2,465

2,322

2,351

2,191

1,624

1,615

1,714

1,888

1,824

1,198

Long-term portion of deferred rent

-

-

11,200

9,867

9,061

8,817

8,885

8,915

9,014

8,838

8,914

8,890

8,961

8,759

8,961

8,817

8,253

7,264

6,595

6,374

6,107

5,951

5,591

5,116

4,672

4,452

4,440

4,423

4,400

4,368

4,336

4,362

4,297

4,220

4,143

3,895

3,272

Long-term income taxes payable, net of current portion

4,784

5,346

5,069

4,538

5,081

4,610

4,622

7,740

4,147

898

909

801

891

883

970

1,044

1,050

1,358

1,402

1,406

1,562

1,816

1,918

2,001

1,978

2,014

2,184

2,166

2,147

2,108

2,512

2,618

3,380

3,313

3,310

3,087

3,564

Long-term operating lease liabilities

127,042

121,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current portion

113,879

98,084

63,711

69,476

69,793

79,877

87,720

91,208

82,512

80,340

87,939

104,338

101,942

69,788

73,542

71,462

75,047

78,437

73,365

74,852

90,328

85,378

79,591

78,353

41,308

46,907

60,263

68,068

71,389

73,165

71,422

73,317

76,396

63,490

60,451

60,030

53,005

Other long-term liabilities (includes $3,920 and $2,910 for the fair value of derivative instruments and $5,828 and $5,421 for post-employment plans as of February 29, 2020 and August 31, 2019, respectively)

10,158

9,306

8,685

6,882

6,062

5,371

5,268

6,063

6,401

5,731

5,789

5,688

5,533

5,424

5,527

5,475

5,548

4,805

4,456

1,886

965

905

1,557

768

645

630

603

678

2,228

1,803

1,596

1,520

2,760

975

1,355

-

0

Total Liabilities

679,425

706,339

498,132

482,809

484,640

511,159

457,754

495,771

460,490

490,519

468,747

454,489

485,258

462,869

458,664

437,592

421,874

455,834

424,640

441,748

432,455

476,083

389,805

374,523

335,923

375,502

344,990

328,794

349,544

358,891

316,798

315,818

316,276

305,680

288,490

269,454

236,522

Stockholders' Equity:
Common stock $0.0001 par value, 45,000,000 shares authorized; 31,450,817 and 31,461,359 shares issued and 30,599,058 and 30,538,788 shares outstanding (net of treasury shares) as of February 29, 2020 and August 31, 2019, respectively

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Preferred stock $.0001 par value; 2,000,000 shares authorized; no shares issued and outstanding as of May 31, 2015 and August 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

441,372

440,756

443,084

440,373

442,273

438,928

432,882

430,133

427,545

424,856

422,395

420,130

417,776

414,811

412,369

409,979

407,826

405,268

403,168

401,821

400,539

398,706

397,150

395,569

394,020

392,011

390,581

389,133

387,692

385,977

384,154

382,570

381,037

384,515

383,549

382,588

379,368

Tax benefit from stock-based compensation

11,486

11,486

11,486

11,486

11,486

11,486

11,486

11,486

11,486

11,486

11,486

11,552

11,534

11,321

11,321

11,290

11,269

10,711

10,711

10,725

10,962

9,505

9,505

9,489

9,361

8,016

8,016

7,951

7,509

6,680

6,680

5,979

5,880

5,242

5,242

5,366

4,490

Accumulated other comprehensive loss

-152,573

-147,524

-144,339

-141,168

-130,110

-134,462

-121,216

-108,576

-106,250

-111,468

-110,059

-108,258

-104,811

-114,332

-103,951

-106,431

-112,743

-102,108

-101,512

-70,056

-68,399

-58,705

-49,286

-50,323

-52,914

-40,326

-41,475

-36,656

-36,804

-34,782

-33,182

-32,121

-33,828

-31,349

-22,915

-17,091

-16,672

Retained earnings

549,703

545,532

525,804

505,127

491,032

488,566

473,954

454,901

436,207

443,356

420,866

400,702

381,864

375,929

351,060

328,804

311,967

307,283

283,611

261,162

239,967

236,260

215,613

193,738

172,418

165,303

143,871

123,035

104,496

79,615

77,739

60,030

44,324

42,227

28,238

15,543

-15,578

Less: treasury stock at cost, 851,759 shares as of February 29, 2020 and 924,332 shares as of August 31, 2019

32,098

33,424

38,687

37,228

41,524

39,107

39,107

37,840

37,757

35,924

35,924

34,742

34,672

32,731

32,731

31,414

31,353

29,397

29,397

29,220

29,161

24,720

24,720

24,548

24,495

19,947

19,947

19,766

19,715

16,480

16,480

16,339

16,165

18,276

18,279

18,172

15,568

Total stockholders' equity attributable to PriceSmart, Inc. stockholders

817,893

816,829

797,351

778,593

773,160

765,414

758,002

750,107

731,234

732,309

708,767

689,387

671,694

655,001

638,071

612,231

586,969

591,760

566,584

574,435

553,911

561,049

548,265

523,928

498,393

505,060

481,049

463,700

443,181

421,013

418,914

400,122

381,251

382,362

375,838

368,237

336,043

Noncontrolling interest in consolidated subsidiaries

974

943

928

462

430

670

636

592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

818,867

817,772

798,279

779,055

773,590

766,084

758,638

750,699

-

-

708,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities and Equity

1,498,292

1,524,111

1,296,411

1,261,864

1,258,230

1,277,243

1,216,392

1,246,470

1,191,724

1,222,828

1,177,514

1,143,876

1,156,952

1,117,870

1,096,735

1,049,823

1,008,843

1,047,594

991,224

1,016,183

986,366

1,037,132

938,070

898,451

834,316

880,562

826,039

792,494

792,725

779,904

735,712

715,940

697,527

688,042

664,328

637,691

572,565