Pricesmart, inc. (PSMT)
Income statement / Quarterly
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'10May'10
Revenues:
Net merchandise sales

871,726

778,728

768,906

755,009

820,290

747,443

741,307

750,473

816,573

745,401

711,011

710,699

772,273

716,079

686,375

684,547

758,987

690,831

677,283

675,314

732,120

636,415

599,568

597,885

657,167

589,694

567,997

555,815

591,855

523,599

498,806

494,747

537,619

468,192

435,557

421,637

440,263

377,331

341,215

Export sales

8,434

8,274

7,667

8,281

6,844

8,189

13,329

9,967

9,138

8,147

8,863

6,475

8,172

10,734

11,941

7,091

6,549

8,232

9,154

9,465

6,229

8,431

12,217

6,577

6,764

5,721

7,439

6,224

6,323

3,073

6,844

2,768

3,459

2,249

3,660

1,890

1,872

1,409

868

Membership income

14,093

13,746

13,432

13,132

12,845

12,740

12,891

12,852

12,703

12,375

12,162

12,038

11,833

11,710

11,555

11,475

11,285

11,466

11,471

11,189

10,898

10,115

9,762

9,552

9,481

9,268

9,047

8,774

8,326

7,673

7,289

6,944

6,393

6,331

5,992

5,824

5,576

5,425

5,056

Other revenue and income

12,482

11,193

11,295

12,134

14,446

11,265

10,339

8,909

1,149

1,149

1,466

1,046

1,018

1,049

1,181

1,149

1,110

1,402

1,275

1,135

1,049

1,060

1,008

1,023

962

918

911

909

906

941

1,039

869

935

679

-2,025

1,797

1,906

1,907

1,477

Total revenues

906,735

811,941

801,300

788,556

854,425

779,637

777,866

782,201

839,563

767,072

733,502

730,258

793,296

739,572

711,052

704,262

777,931

711,931

699,183

697,103

750,296

656,021

622,555

615,037

674,374

605,601

585,394

571,722

607,410

535,286

513,978

505,328

548,406

477,451

443,184

431,148

449,617

386,072

348,616

Cost of goods sold:
Net merchandise sales

743,434

662,724

652,070

649,894

705,546

641,155

632,271

641,249

699,355

637,236

607,399

611,455

659,802

608,490

585,183

590,500

651,500

590,183

577,302

578,868

625,876

539,028

508,310

509,684

561,652

504,287

482,236

475,727

504,725

444,944

422,235

420,724

458,508

399,865

370,371

359,064

375,027

318,191

288,289

Export sales

8,078

7,971

7,388

7,872

6,486

7,778

12,840

9,466

8,685

7,749

8,521

6,143

7,761

10,181

11,461

6,742

6,225

7,832

8,812

8,992

5,934

8,027

11,621

6,246

6,423

5,441

7,068

5,907

5,986

2,835

6,574

2,622

3,292

2,161

3,466

1,804

1,758

1,344

825

Non-merchandise

4,662

4,251

4,308

4,121

4,826

4,247

-

1,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative:
Warehouse club and other operations

84,022

79,373

79,662

78,231

75,708

74,222

73,776

76,259

71,951

69,502

67,665

67,754

67,784

65,426

63,782

62,745

64,763

60,840

62,280

60,754

62,041

56,210

53,884

53,617

53,203

51,772

50,664

49,421

48,213

45,842

46,425

45,540

45,762

41,891

41,405

38,819

37,239

35,133

31,834

General and administrative

27,618

25,884

24,597

24,532

24,968

27,335

25,294

24,079

20,258

18,830

18,092

16,907

18,212

16,802

16,258

16,439

16,184

15,463

14,690

14,214

14,117

13,350

12,879

12,604

13,277

11,184

12,334

11,404

11,888

11,158

10,462

10,940

10,508

9,111

9,459

9,293

8,874

8,810

8,752

Pre-opening expenses

44

953

967

1,647

97

15

50

352

81

430

148

9

0

-113

802

13

71

305

326

33

229

3,149

1,392

1,125

340

474

116

525

147

737

362

94

-1

162

736

284

-15

403

840

Asset impairment

-

-

-

-

-

-

-

-

1,929

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-68

-71

-344

-262

-258

-215

-752

-388

-40

-159

-855

-364

-335

-407

-763

-334

-52

-13

-918

-724

-391

28

-699

-558

-104

-84

-536

-249

-47

-57

-

-

-

-

-

-

-

-

-

Total operating expenses

867,926

781,227

769,336

766,559

817,889

754,967

750,673

753,772

802,299

733,906

702,680

702,632

753,894

701,193

678,249

676,773

738,795

674,636

664,328

663,585

708,588

619,736

588,785

583,834

634,999

573,242

552,954

543,233

571,006

505,573

486,370

479,920

518,069

453,190

425,437

409,264

422,883

363,881

330,540

Operating income

38,809

30,714

31,964

21,997

36,536

24,670

27,193

28,429

37,264

33,166

30,822

27,626

39,402

38,379

32,803

27,489

39,136

37,295

34,855

33,518

41,708

36,285

33,770

31,203

39,375

32,359

32,440

28,489

36,404

29,713

27,608

25,408

30,337

24,261

17,747

21,884

26,734

22,191

18,076

Other income (expense):
Interest income

586

293

365

310

423

391

277

370

368

400

366

392

549

502

527

322

280

178

245

283

266

264

277

202

193

181

257

338

446

294

240

279

205

184

184

300

239

129

122

Interest expense

1,690

862

990

915

1,001

1,033

1,462

1,362

992

1,255

1,651

1,828

1,644

1,654

1,411

1,571

1,536

1,373

1,681

1,615

1,970

1,174

1,328

1,043

886

1,038

1,265

427

1,306

1,218

1,368

1,344

1,317

1,254

905

984

1,071

956

595

Other income (expense), net

723

985

-3,213

159

-372

1,819

279

-575

210

278

394

1,101

915

-928

119

-222

-552

-244

214

-311

-1,659

-2,632

-528

489

712

311

97

-785

-265

-1

450

-538

832

-1,269

971

2,367

194

332

-240

Total other expense

381

1,554

-7,022

-446

950

2,461

-906

-1,567

-414

-577

-891

-335

-180

-2,080

-765

-1,471

-1,808

-1,439

-1,222

-1,643

-3,363

-3,542

-1,579

-352

19

-546

-911

-874

-1,125

-925

-678

-1,603

-280

-2,339

250

1,683

-638

-495

-713

Income before provision for income taxes and loss of unconsolidated affiliates

38,428

29,160

31,764

21,551

35,586

22,209

26,287

26,862

36,850

32,589

29,931

27,291

39,222

36,299

32,038

26,018

37,328

35,856

33,633

31,875

38,345

32,743

32,191

30,851

39,394

31,813

31,529

27,615

35,279

28,788

26,930

23,805

30,057

21,922

17,997

23,567

26,096

21,696

17,363

Provision for income taxes

12,702

9,403

10,839

7,478

11,703

7,540

7,227

8,128

22,707

10,115

10,133

8,459

11,989

11,437

9,736

9,168

11,815

12,130

11,188

10,750

13,526

12,102

10,337

9,534

11,116

10,385

10,688

9,082

10,393

8,779

9,199

8,078

9,843

7,933

5,375

7,199

8,049

6,845

5,309

Loss of unconsolidated affiliates

-15

-48

-13

-4

-20

-24

-11

-18

5

16

0

6

-14

7

-30

-13

429

-54

2

70

16

6

2

3

0

4

-2

6

-4

-4

-6

-19

3

7

-7

-3

-37

-5

-6

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,725

15,708

20,217

13,996

12,615

16,365

18,010

14,846

12,048

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-2

3

-7

75

-75

-93

7

-4

Net income

25,711

19,709

20,912

14,069

23,863

14,645

19,049

18,716

14,148

22,490

-

18,838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,044

Less: net income attributable to noncontrolling interest

111

-19

239

-27

53

33

-

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

Net income attributable to PriceSmart, Inc.

25,600

19,728

20,673

14,096

23,810

14,612

18,996

18,694

14,148

22,490

19,798

18,838

27,219

24,869

22,272

16,837

25,942

23,672

22,447

21,195

24,835

20,647

21,856

21,320

28,278

21,432

20,839

18,539

24,882

20,005

17,706

15,706

20,220

13,989

12,690

16,290

17,917

14,853

12,024

Net income attributable to PriceSmart Inc, per share available for distribution:
Basic net income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.70

0.93

0.71

-

0.61

0.82

0.66

0.58

0.52

0.67

0.47

0.42

0.55

0.60

0.50

0.40

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Basic

0.85

0.64

0.67

0.46

0.79

0.48

0.62

0.61

0.47

0.74

0.64

0.62

0.90

0.82

0.74

0.55

0.85

0.78

0.75

0.70

0.82

0.68

0.73

0.70

0.93

0.71

0.69

0.61

0.82

0.66

0.58

0.52

0.67

0.47

0.42

0.55

0.60

0.50

0.40

Diluted net income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.70

0.93

0.71

-

0.61

0.82

0.66

0.58

0.52

0.67

0.47

0.42

0.55

0.60

0.50

0.40

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Diluted

0.85

0.64

0.67

0.46

0.79

0.48

0.62

0.61

0.47

0.74

0.64

0.62

0.90

0.82

0.74

0.55

0.85

0.78

0.75

0.70

0.82

0.68

0.73

0.70

0.93

0.71

0.69

0.61

0.82

0.66

0.58

0.52

0.67

0.47

0.42

0.55

0.60

0.50

0.40

Shares used in per share computations:
Basic

30,255

30,277

30,204

30,198

30,206

30,172

30,145

30,137

30,100

30,078

30,051

30,043

30,004

29,982

29,957

29,951

29,914

29,890

29,891

29,883

29,827

29,791

29,790

29,784

29,724

29,690

29,687

29,683

29,626

29,592

29,588

29,584

29,541

29,503

58,964

29

29,414

29,356

29,336

Diluted

30,258

30,284

30,175

30,205

30,211

30,189

30,144

30,137

30,100

30,079

30,052

30,045

30,008

29,987

29,962

29,955

29,919

29,896

29,900

29,888

29,833

29,799

29,798

29,792

29,736

29,702

29,696

29,692

29,636

29,604

29,599

29,595

29,553

29,517

59,013

29

29,423

29,362

29,345

Dividends per share

0.70

-

-

-

0.70

-

-

-

0.70

-

0.00

0.00

0.70

0.00

0.00

0.00

0.70

0.00

0.00

0.00

0.70

0.00

0.00

0.00

0.70

0.00

0.00

0.00

0.00

0.60

0.00

0.00

0.60

0.00

0.00

0.00

0.60

0.00

0.00