SEGMENTS (Tables)

6 Months Ended

Feb. 29, 2024

Schedule of Segment Revenues, Operating Costs and Balance Sheet Items

The following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands):


	United States Operations		Central American Operations		Caribbean Operations(1)		Colombia Operations		Reconciling Items(2)		Total
Three Months Ended February 29, 2024
Revenue from external customers	$	8,511	$	780,314	$	356,422	$	146,703	$	—	$	1,291,950
Intersegment revenues	435,307		8,462		1,308		1,264		(446,341)		—
Depreciation, property and equipment	1,383		10,688		4,876		3,544		—		20,491

Operating income	7,896		61,310		26,718		4,592		(36,898)		63,618
Net income	3,092		50,573		21,019		1,485		(36,898)		39,271



Capital expenditures, net	708		51,932		10,338		4,409		—		67,387


Six Months Ended February 29, 2024
Revenue from external customers	$	18,520	$	1,480,881	$	683,389	$	275,635	$	—	$	2,458,425
Intersegment revenues	881,644		14,554		2,708		2,289		(901,195)		—
Depreciation, property and equipment	2,707		20,698		9,697		6,883		—		39,985

Operating income	17,845		118,212		50,050		8,209		(72,485)		121,831
Net income	6,417		99,106		40,100		4,180		(72,485)		77,318
Long-lived assets (other than deferred tax assets)	78,907		609,451		214,237		211,251		—		1,113,846
Goodwill	8,981		24,116		10,034		—		—		43,131
Total assets	223,669		1,088,645		434,125		290,337		—		2,036,776
Capital expenditures, net	3,647		73,272		19,327		8,223		—		104,469

Three Months Ended February 28, 2023
Revenue from external customers	$	6,882	$	694,210	$	332,306	$	108,791	$	—	$	1,142,189
Intersegment revenues	365,177		6,801		1,137		1,175		(374,290)		—
Depreciation, property and equipment	1,478		8,925		4,792		2,299		—		17,494
Amortization, Intangibles	381		—		—		—		—		381
Operating income (loss)	6,964		56,633		25,474		4,662		(39,933)		53,800
Net income (loss) attributable to PriceSmart, Inc.	1,279		46,442		20,424		3,135		(39,933)		31,347



Capital expenditures, net	3,338		16,067		3,968		5,031		—		28,404

Six Months Ended February 28, 2023
Revenue from external customers	$	17,340	$	1,323,289	$	639,831	$	216,535	$	—	$	2,196,995
Intersegment revenues	772,817		13,383		2,651		1,880		(790,731)		—
Depreciation, property and equipment	2,856		17,724		9,423		4,675		—		34,678
Amortization, Intangibles	765		—		—		—		—		765
Operating income (loss)	20,556		106,763		49,977		9,530		(77,499)		109,327
Net income (loss) attributable to PriceSmart, Inc.	7,104		88,448		39,708		6,491		(77,499)		64,252
Long-lived assets (other than deferred tax assets)	74,226		524,474		209,684		169,934		—		978,318
Goodwill	8,981		24,149		10,055		—		—		43,185
Total assets	221,076		959,064		474,637		231,395		—		1,886,172
Capital expenditures, net	8,829		28,311		7,369		9,314		—		53,823

As of August 31, 2023
Long-lived assets (other than deferred tax assets)	$	71,919	$	566,139	$	210,000	$	205,295	$	—	$	1,053,353
Goodwill	8,981		24,083		10,046		—		—		43,110
Investment in unconsolidated affiliates	—		10,479		—		—		—		10,479
Total assets	302,115		995,881		425,145		282,467		—		2,005,608

(1)Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.

(2)The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.