PriceSmart, Inc. (PSMT) Financial Statements (2024 and earlier)

Company Profile

Business Address 9740 SCRANTON ROAD
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End August 31
Industry (SIC) 5331 - Variety Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2023
11/30/2022
MRQ
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277249252346120126
Cash and cash equivalents26823820229910393
Short-term investments91150471732
Restricted cash and investments334000
Receivables19131213109
Inventory, net of allowances, customer advances and progress billings510464390310331321
Inventory510464390310331321
Other undisclosed current assets454439303132
Total current assets:853774697699492488
Noncurrent Assets
Operating lease, right-of-use asset109112124120 
Property, plant and equipment757757730692671594
Long-term investments and receivables 10     
Long-term investments 10     
Intangible assets, net (including goodwill)434561667176
Goodwill434345454646
Intangible assets, net (excluding goodwill)  216202530
Restricted cash and investments1111104 3
Deferred income tax assets27282422 
Other noncurrent assets777257544549
Other undisclosed noncurrent assets 1030176
Total noncurrent assets:1,0351,0351,009958805729
TOTAL ASSETS:1,8881,8081,7061,6571,2961,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities531550481454349311
Taxes payable7101055
Employee-related liabilities4442332523
Accounts payable447408389373286256
Accrued liabilities859040383228
Deferred revenue3029272425
Debt444419853315
Deferred revenue and credits23
Other undisclosed current liabilities6(44)76  
Total current liabilities:612579534568407349
Noncurrent Liabilities
Long-term debt and lease obligation1192222392376488
Long-term debt, excluding current maturities1191041101136488
Liabilities, other than long-term debt, including:131161719255
Deferred revenue and credits9
Accounts payable and accrued liabilities554555
Deferred rent credit     11 
Deferred tax liabilities, net2
Deferred income tax liabilities2222 
Liability, pension and other postretirement and postemployment benefits      5
Other liabilities9811129 
Operating lease, liability116118129124 
Other undisclosed liabilities, other than long-term debt      (15)
Other undisclosed noncurrent liabilities     215
Total noncurrent liabilities:25023825625691108
Total liabilities:862817790824498458
Equity
Equity, attributable to parent, including:1,026991915832797758
Common stock000000
Treasury stock, value(32)(32)(26)(28)(39)(39)
Additional paid in capital485481465443443433
Accumulated other comprehensive loss(196)(196)(183)(177)(144)(121)
Retained earnings770737659582526474
Other undisclosed equity, attributable to parent    111111
Equity, attributable to noncontrolling interest   1111
Total equity:1,026991916833798759
TOTAL LIABILITIES AND EQUITY:1,8881,8081,7061,6571,2961,216

Income Statement (P&L) ($ in millions)

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Revenues4,1464,0663,6203,3293,2243,167
Revenue, net3,170
Cost of revenue(3,448)(3,385)(2,974)(2,777)(2,696)(2,657)
Cost of goods and services sold    (2,775)(2,696)(2,657)
Gross profit:698681646552528510
Operating expenses(521)(514)(488)(430)(413)(384)
Operating income:177167158122115126
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(9)(3)(6)(1)(2)0
Interest and debt expense(11)(10)(7)(8)(4)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes322211
Income from continuing operations before equity method investments, income taxes:159156147116111123
Loss from equity method investments(0)(0)(0)(0)(0)(0)
Income from continuing operations before income taxes:159156147116111123
Income tax expense(52)(52)(49)(38)(38)(48)
Income from continuing operations:10710598787374
Income before gain (loss) on sale of properties:7410598787374
Net income:10710598787374
Net loss attributable to noncontrolling interest  (0)(0)(0)(0) 
Other undisclosed net loss attributable to parent      (0)
Net income attributable to parent:10710598787374
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:10610397777273

Comprehensive Income ($ in millions)

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Net income:10710598787374
Other comprehensive income (loss)    (23)(11)
Other undisclosed comprehensive loss (7)(13)(6)(33)(0)(0)
Comprehensive income:999192465063
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)(0)(0)(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income, net of tax, attributable to parent:999192465063

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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