PriceSmart, Inc. PSMT Income Statement

Pricesmart, inc. (PSMT)

Income statement / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	May'10
Revenues:
Net merchandise sales
3,174	3,122	3,091	3,064	3,059	3,055	3,053	3,023	2,983	2,939	2,910	2,885	2,859	2,845	2,820	2,811	2,802	2,775	2,721	2,643	2,565	2,491	2,444	2,412	2,370	2,305	2,239	2,170	2,109	2,054	1,999	1,936	1,863	1,765	1,674	1,580	0	0	0
Export sales
32	31	30	36	38	40	40	36	32	31	34	37	37	36	33	31	33	33	33	36	33	33	31	26	26	25	23	22	19	16	15	12	11	9	8	6	0	0	0
Membership income
54	53	52	51	51	51	50	50	49	48	47	47	46	46	45	45	45	45	43	41	40	38	38	37	36	35	33	32	30	28	26	25	24	23	22	21	0	0	0
Other revenue and income
47	49	49	48	44	31	21	12	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	0	1	2	3	7	0	0	0
Total revenues
3,308	3,256	3,223	3,200	3,194	3,179	3,166	3,122	3,070	3,024	2,996	2,974	2,948	2,932	2,905	2,893	2,886	2,858	2,802	2,725	2,643	2,567	2,517	2,480	2,437	2,370	2,299	2,228	2,162	2,102	2,045	1,974	1,900	1,801	1,710	1,615	0	0	0
Cost of goods sold:
Net merchandise sales
2,708	2,670	2,648	2,628	2,620	2,614	2,610	2,585	2,555	2,515	2,487	2,464	2,443	2,435	2,417	2,409	2,397	2,372	2,321	2,252	2,182	2,118	2,083	2,057	2,023	1,966	1,907	1,847	1,792	1,746	1,701	1,649	1,587	1,504	1,422	1,340	0	0	0
Export sales
31	29	29	34	36	38	38	34	31	30	32	35	36	34	32	29	31	31	31	34	31	32	29	25	24	24	21	21	18	15	14	11	10	9	8	5	0	0	0
Non-merchandise
17	17	17	15	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative:
Warehouse club and other operations
321	312	307	301	299	296	291	285	276	272	268	264	259	256	252	250	248	245	241	232	225	216	212	209	205	200	194	189	186	183	179	174	167	159	152	143	0	0	0
General and administrative
102	99	101	102	101	96	88	81	74	72	70	68	67	65	64	62	60	58	56	54	52	52	49	49	48	46	46	44	44	43	41	40	38	36	36	35	0	0	0
Pre-opening expenses
3	3	2	1	0	0	0	1	0	0	0	0	0	0	1	0	0	0	3	4	5	6	3	2	1	1	1	1	1	1	0	0	1	1	1	1	0	0	0
Asset impairment
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-0	-0	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2	-2	-1	-1	-1	-1	-1	-0	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-
Total operating expenses
3,185	3,135	3,108	3,090	3,077	3,061	3,040	2,992	2,941	2,893	2,860	2,835	2,810	2,795	2,768	2,754	2,741	2,711	2,656	2,580	2,500	2,427	2,380	2,345	2,304	2,240	2,172	2,106	2,042	1,989	1,937	1,876	1,805	1,710	1,621	1,526	0	0	0
Operating income
123	121	115	110	116	117	126	129	128	131	136	138	138	137	136	138	144	147	146	145	142	140	136	135	132	129	127	122	119	113	107	97	94	90	88	88	0	0	0
Other income (expense):
Interest income
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	1	1	1	0	0	0	0	1	1	1	1	1	0	0	0	0	0	0	0	0	0
Interest expense
4	3	3	4	4	4	5	5	5	6	6	6	6	6	5	6	6	6	6	6	5	4	4	4	3	4	4	4	5	5	5	4	4	4	3	3	0	0	0
Other income (expense), net
-1	-2	-1	1	1	1	0	0	1	2	1	1	-0	-1	-0	-0	-0	-2	-4	-5	-4	-1	0	1	0	-0	-0	-0	-0	0	-0	-0	2	2	3	2	0	0	0
Total other expense
-5	-4	-4	2	0	-0	-3	-3	-2	-1	-3	-3	-4	-6	-5	-5	-6	-7	-9	-10	-8	-5	-2	-1	-2	-3	-3	-3	-4	-3	-4	-3	-0	-1	0	-0	0	0	0
Income before provision for income taxes and loss of unconsolidated affiliates
120	118	111	105	110	112	122	126	126	129	132	134	133	131	131	132	138	139	136	135	134	135	134	133	130	126	123	118	114	109	102	93	93	89	89	88	0	0	0
Provision for income taxes
40	39	37	33	34	45	48	51	51	40	42	41	42	42	42	44	45	47	47	46	45	43	41	41	41	40	38	37	36	35	35	31	30	28	27	27	0	0	0
Loss of unconsolidated affiliates
-0	-0	-0	-0	-0	-0	-0	0	0	0	-0	-0	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	-0	-0	-0	-0	-0	0	-0	-0	-0	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	62	63	60	61	61	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	-0	-0	-0	-0	0	0	0
Net income
80	78	73	71	76	66	74	74	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Less: net income attributable to noncontrolling interest
0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income attributable to PriceSmart, Inc.
80	78	73	71	76	66	74	75	75	88	90	93	91	89	88	88	93	92	89	88	88	92	92	91	89	85	84	81	78	73	67	62	63	60	61	61	0	0	0
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	30	30	30	30	30	30	30	30	30	30	30	30	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	58	0	29	29	29
Diluted
30	30	30	30	30	30	30	30	30	30	30	30	30	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	29	59	0	29	29	29
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