XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.2
SEGMENTS (Tables)
9 Months Ended
May 31, 2024
Segment Reporting [Abstract]  
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 May 31, 2024
Revenue from external customers$11,587 $744,626 $333,219 $139,996 $— $1,229,428 
Intersegment revenues430,236 8,777 1,597 1,415 (442,025)— 
Depreciation, property and equipment
1,470 11,036 4,967 3,656 — 21,129 
Operating income1,636 54,874 22,915 3,289 (32,805)49,909 
Net income (loss)(2,097)47,588 18,707 1,096 (32,805)32,489 
Capital expenditures, net5,515 17,216 10,270 2,511 — 35,512 
Nine Months Ended May 31, 2024
Revenue from external customers$30,107 $2,225,507 $1,016,608 $415,631 $— $3,687,853 
Intersegment revenues1,311,880 23,331 4,305 3,704 (1,343,220)— 
Depreciation, property and equipment
4,177 31,734 14,664 10,539 — 61,114 
Operating income19,481 173,086 72,965 11,498 (105,290)171,740 
Net income4,320 146,694 58,807 5,276 (105,290)109,807 
Long-lived assets (other than deferred tax assets)82,727 605,453 220,308 214,959 — 1,123,447 
Goodwill8,982 24,159 10,041 — — 43,182 
Total assets222,690 1,060,211 438,578 299,219 — 2,020,698 
Capital expenditures, net9,162 90,488 29,597 10,734 — 139,981 
Three Months Ended May 31, 2023
Revenue from external customers$6,347 $669,691 $316,201 $104,415 $— $1,096,654 
Intersegment revenues368,675 7,343 1,527 1,318 (378,863)— 
Depreciation, property and equipment
1,302 9,349 4,793 2,377 — 17,821 
Operating income (loss)4,066 46,023 21,184 2,961 (31,182)43,052 
Net income (loss) attributable to PriceSmart, Inc.2,336 38,715 17,091 2,612 (31,182)29,572 
Capital expenditures, net— 24,384 6,850 12,423 — 43,657 
Nine Months Ended May 31, 2023
Revenue from external customers$23,687 $1,992,980 $956,032 $320,950 $— $3,293,649 
Intersegment revenues1,141,492 20,726 4,178 3,198 (1,169,594)— 
Depreciation, property and equipment
4,158 27,073 14,216 7,052 — 52,499 
Amortization, Intangibles765 — — — — 765 
Operating income (loss)24,622 152,786 71,161 12,491 (108,681)152,379 
Net income (loss) attributable to PriceSmart, Inc.9,440 127,163 56,799 9,103 (108,681)93,824 
Long-lived assets (other than deferred tax assets)70,733 543,410 212,112 188,471 — 1,014,726 
Goodwill8,981 24,127 10,044 — — 43,152 
Total assets242,003 963,929 471,817 255,597 — 1,933,346 
Capital expenditures, net8,829 52,695 14,219 21,737 — 97,480 
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 assets302,115 995,881 425,145 282,467 — 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.