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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Operating Activities:        
Net income     $ 77,318 $ 64,252
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     39,985 35,443
Allowance for doubtful accounts     (3) (49)
Loss on sale of property and equipment     522 297
Deferred income taxes     (371) (737)
Equity in losses (gains) of unconsolidated affiliates $ (16) $ 35 (79) 73
Stock-based compensation     8,100 11,239
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     (19,224) (6,513)
Merchandise inventories     (30,885) 15,310
Accounts payable     52,303 (2,634)
Net cash provided by operating activities   116,681 127,666  
Investing Activities:        
Additions to property and equipment     (103,477) (53,016)
Purchases of short-term investments     (98,833) (47,500)
Proceeds from settlements of short-term investments     96,945 4,301
Proceeds from disposal of property and equipment     101 137
Net cash used in investing activities   (96,078) (105,264)  
Financing Activities:        
Proceeds from long-term bank borrowings     16,500 33,712
Repayment of long-term bank borrowings     (16,383) (16,994)
Proceeds from short-term bank borrowings     0 301
Repayment of short-term bank borrowings     (2,941) 0
Cash dividend payments     (17,781) (14,260)
Purchase of treasury stock     (71,738) (5,819)
Net cash used in financing activities   (3,060) (92,343)  
Effect of exchange rate changes on cash and cash equivalents and restricted cash     314 11,636
Net increase (decrease) in cash, cash equivalents   29,179 (69,627)  
Cash, cash equivalents and restricted cash at beginning of period 252,202 251,373    
Cash, cash equivalents and restricted cash at end of period 182,575 280,552 182,575 280,552
Supplemental disclosure of noncash investing activities:        
Capital expenditures accrued, but not yet paid     6,075 3,937
Dividends declared but not yet paid     17,771 14,456
Reconciliation of cash, cash equivalents, and restricted cash:        
Cash and cash equivalents 170,563 260,927 170,563 260,927
Short-term restricted cash 2,834 9,110 2,834 9,110
Long-term restricted cash 9,178 10,515 9,178 10,515
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 182,575 $ 280,552 $ 182,575 $ 280,552