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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2024
May 31, 2023
Operating Activities:    
Net income $ 109,807 $ 93,824
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 61,114 53,264
Allowance for doubtful accounts (5) (46)
Loss on sale of property and equipment 872 295
Deferred income taxes 461 (723)
Equity in losses (gains) of unconsolidated affiliates (82) 63
Stock-based compensation 12,652 13,522
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 (12,998) (5,229)
Merchandise inventories (45,057) 21,831
Accounts payable 38,990 7,880
Net cash provided by operating activities 165,754 184,681
Investing Activities:    
Additions to property and equipment (141,873) (96,557)
Purchases of short-term investments (134,108) (123,317)
Proceeds from settlements of short-term investments 125,464 21,842
Proceeds from disposal of property and equipment 1,138 218
Net cash used in investing activities (149,379) (197,814)
Financing Activities:    
Proceeds from long-term bank borrowings 16,500 38,712
Repayment of long-term bank borrowings (21,433) (31,407)
Proceeds from short-term bank borrowings 3,884 3,156
Repayment of short-term bank borrowings (2,941) (3,229)
Cash dividend payments (48,437) (14,290)
Purchase of treasury stock (71,852) (5,993)
Net cash used in financing activities (124,279) (13,051)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (3,956) 11,183
Net decrease in cash, cash equivalents (111,860) (15,001)
Cash, cash equivalents and restricted cash at beginning of period 252,202 251,373
Cash, cash equivalents and restricted cash at end of period 140,342 236,372
Supplemental disclosure of noncash investing activities:    
Capital expenditures accrued, but not yet paid 3,514 4,052
Dividends declared but not yet paid 17,771 14,426
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 128,271 222,668
Short-term restricted cash 2,832 2,965
Long-term restricted cash 9,239 10,739
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 140,342 $ 236,372