Pricesmart, inc. (PSMT)
CashFlow / 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'11Feb'11Nov'10
Operating Activities:
Net income attributable to PriceSmart, Inc.

80,401

78,553

73,489

71,626

76,273

66,558

74,403

75,152

75,274

88,345

90,724

93,198

91,197

89,920

88,723

88,898

93,256

92,149

89,124

88,533

88,658

92,101

92,886

91,869

89,088

85,692

84,265

81,132

78,299

73,637

67,621

62,605

63,189

60,886

61,750

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

57,117

56,049

54,958

54,627

55,657

54,126

52,640

50,225

48,542

47,412

46,292

45,236

43,624

41,708

39,794

38,275

36,744

35,851

34,445

32,716

31,115

29,618

28,475

27,433

26,522

25,414

24,444

24,072

23,904

23,612

23,739

25,089

23,868

22,728

21,154

0

0

0

Allowance for doubtful accounts

5

21

47

-326

-339

-361

-369

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

1

5

6

-1

1

-3

-3

-4

-9

-12

-13

-10

0

0

0

Loss on sale of property and equipment

-745

-935

-1,079

-1,487

-1,613

-1,395

-1,339

-1,442

-1,418

-1,713

-1,961

-1,869

-1,839

-1,556

-1,162

-1,317

-1,707

-2,046

-2,005

-1,786

-1,620

-1,333

-1,445

-1,279

-973

-916

-889

-907

-568

-455

-312

-546

-687

-453

-486

0

0

0

Deferred income taxes

7,548

5,951

4,401

2,312

622

-7,627

-6,962

-549

-5,235

4,178

2,845

-7,240

-1,447

-3,389

-2,875

1,638

-510

-6,049

-2,972

-7,619

-6,697

250

-2,362

-3,323

-3,223

-4,263

-3,049

-1,713

-1,861

-1,598

-2,128

-1,821

-1,194

-790

-642

0

0

0

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-69

176

102

86

0

0

0

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

752

0

0

0

Equity in losses of unconsolidated affiliates

-80

-85

-61

-59

-73

-48

-8

3

27

8

-1

-31

-50

393

332

364

447

34

94

94

27

11

9

5

8

4

-4

-8

-33

-26

-15

-16

0

-40

-52

0

0

0

Stock-based compensation

11,928

12,411

15,061

15,264

14,728

13,803

10,218

9,830

9,392

9,708

9,689

9,718

9,721

9,463

9,121

8,078

7,207

6,513

5,969

6,203

6,470

6,577

6,451

6,318

6,132

5,909

6,302

6,438

6,608

6,326

5,469

4,846

4,425

4,071

4,037

0

0

0

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

-20,089

-11,399

-14,961

2,613

7,439

259

1,108

-5,784

-7,091

-1,361

-1,894

5,115

2,138

2,722

6,679

987

3,795

11,392

7,807

9,531

6,673

-1,781

11,676

5,606

1,679

4,480

-6,307

-1,710

-4,270

-4,453

-5,668

4,312

12,503

19,813

3,657

0

0

0

Merchandise inventories

-11,877

7,993

10,248

524

20,088

7,666

10,079

46,783

17,827

45,424

28,039

25,639

36,883

4,366

15,732

-12,406

-21,155

-785

40,792

35,491

44,785

24,687

8,970

9,770

17,017

58,743

16,370

40,660

39,548

20,384

23,811

85,571

69,219

126,570

46,043

0

0

0

Accounts payable

8,403

15,220

25,325

4,331

16,819

18,124

-16,489

28,761

-13,908

11,822

3,344

-10,254

28,127

3,805

23,202

2,051

2,650

-8,760

16,423

40,057

35,750

50,861

27,800

27,134

187

29,862

23,080

9,784

36,727

53,818

9,766

24,349

16,877

3,195

39,030

0

0

0

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

89,490

112,426

85,178

68,435

75,526

0

0

0

Cash Provided by (Used in) Operating Activities, Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

399

-442

-379

-86

73

0

0

0

Net cash provided by operating activities

183,097

160,729

170,332

141,619

136,675

155,324

119,454

126,911

117,112

110,743

123,021

0

0

0

-

-

-

-

-

-

-

0

-

139,890

105,226

85,071

130,633

80,844

103,391

110,186

89,889

112,798

85,549

69,103

75,599

0

0

0

Investing Activities:
Additions to property and equipment

148,224

141,970

140,061

109,730

114,531

114,030

98,109

110,541

94,507

138,073

135,294

125,779

132,543

76,965

77,700

77,606

79,202

80,561

89,185

98,368

102,165

126,145

118,101

100,318

89,347

73,552

69,927

69,319

69,619

59,088

52,705

47,992

47,160

41,114

47,033

0

0

0

Purchases of short-term investments

26,609

19,238

15,244

19,248

20,751

44,848

77,997

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlements of short-term investments

19,710

20,187

30,527

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits for land purchase option agreements

-

-

-

-

-

-

-

-

-

-

300

0

0

0

-

-

-

-

-1,095

-903

348

2,873

850

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

-7

-6

74

693

679

702

629

135

250

289

377

325

138

76

86

397

457

447

368

131

140

159

142

272

245

243

264

122

162

167

138

231

77

192

182

0

0

0

Capital contributions in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-119

-119

-119

-279

-1,360

-1,360

-1,360

-1,950

-750

-750

-750

0

-550

0

0

0

-

-

-

-

-

-

-

-

Capital contribution to Costa Rica joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Capital contribution to Panama joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77,578

-77,496

-77,275

-89,082

-98,694

-103,733

-130,809

-119,559

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Net cash used in investing activities

-156,608

-141,027

-124,704

-72,570

-102,672

-124,072

-153,779

-187,891

-153,002

-176,923

-135,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Financing Activities:
Proceeds from long-term bank borrowings

0

0

-

-

-

-

-

-

-

-

-

-

-

-

14,370

14,870

23,370

41,997

52,977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term bank borrowings

11,902

12,312

12,939

12,666

15,283

27,997

32,088

47,317

45,314

33,261

29,395

17,343

17,009

16,868

16,525

13,313

20,994

23,625

30,905

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term bank borrowings

0

0

-

-

-

-

81,851

0

0

0

-

-

-

27,353

28,927

35,523

22,344

28,112

51,664

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of short-term bank borrowings

0

0

-

-

-

-

81,851

81,758

64,416

27,720

17,179

21,279

17,121

16,587

19,314

24,057

25,479

41,025

42,143

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,980

8,205

34,080

75,924

81,119

91,495

78,133

45,261

0

0

0

Repayment of bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

9,679

11,739

30,988

67,259

70,453

73,414

67,596

39,232

0

0

0

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,000

-8,000

-8,000

-10,000

-2,000

-2,000

-2,000

8,000

14,000

16,000

22,920

14,920

16,920

0

0

0

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

565

307

1,206

1,206

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

752

0

0

0

Purchase of treasury stock for tax withholding on stock compensation

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

0

0

0

Other financing activities

292

350

298

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

12,300

8,884

-31,955

-36,953

-25,791

-26,017

-27,817

-42,352

-49,934

-20,104

-21,970

2,094

6,913

-23,630

-17,070

-36,637

-50,675

-43,089

-16,955

-4,403

35,381

16,586

1,872

3,750

-30,271

-13,046

-21,806

-23,154

-21,533

-24,658

-25,082

-25,777

-61,519

-33,877

-30,640

0

0

0

Effect of exchange rate changes on cash and cash equivalents and restricted cash

-97

-1,859

-4,351

-9,036

-7,001

-10,052

-6,656

-1,432

-2,825

833

-2,838

-1,664

-408

-3,790

-2,777

-12,615

-13,123

-12,014

-11,412

-1,889

-1,251

-4,841

-4,364

-9,044

-8,519

-4,241

-6,389

-478

-1,448

17

2,191

-163

-469

-1,630

-2,043

0

0

0

Net increase in cash, cash equivalents

38,692

26,727

9,322

23,060

1,211

-4,817

-68,798

-104,764

-88,649

-85,451

-37,004

-8,454

10,982

37,123

44,119

29,182

25,924

-7,048

-7,867

21,834

43,906

41,987

15,224

31,351

-25,865

-7,124

30,626

-12,535

10,403

26,074

14,431

39,097

20,140

9,822

3,471

0

0

0

Supplemental disclosure of cash flow information:
Interest, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,378

6,093

5,648

4,627

3,746

3,765

4,381

3,421

3,649

3,885

3,074

4,847

4,866

4,837

4,694

4,140

3,890

3,686

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,753

44,174

44,536

44,147

40,702

44,261

41,356

40,017

41,631

35,781

34,675

31,928

29,564

29,135

28,452

26,182

24,521

22,389

0

0

0

Supplemental disclosure of non-cash financing activities:
Capital expenditures acurred, but not yet paid

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of joint ventures Prico Enterprise loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-473

-473

-473

-473

0

0

0

0