XML 30 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2022
Operating Activities:      
Net income $ 138,875 $ 109,205 $ 104,553
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 82,611 72,698 67,868
Allowance for credit losses (15) (36) 63
Reserve for AMT settlement 0 7,179 0
Asset impairment and closure costs 0 5,658 0
Loss on sale of property and equipment 2,168 744 1,265
Deferred income taxes (4,619) (5,583) (3,300)
Equity in (income) losses of unconsolidated affiliates (66) 55 10
Stock-based compensation 17,293 16,574 16,803
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 (3,879) 17,589 (13,785)
Merchandise inventories (57,271) (10,173) (74,706)
Accounts payable 32,492 43,421 23,058
Net cash provided by operating activities 207,589 257,331 121,829
Investing Activities:      
Additions to property and equipment (168,545) (142,511) (120,660)
Purchases of short-term investments (183,692) (138,784) (22,469)
Proceeds from settlements of short-term investments 175,127 58,852 61,733
Proceeds from settlements of long-term investments 0 0 1,488
Proceeds from disposal of property and equipment 1,660 361 193
Proceeds from the disposal of Aeropost, net of divested cash 0 0 4,959
Net cash used in investing activities (175,450) (222,082) (74,756)
Financing Activities:      
Proceeds from long-term bank borrowings 16,500 38,713 30,633
Repayment of long-term bank borrowings (26,320) (35,984) (22,697)
Proceeds from short-term bank borrowings 2,383 848 23,829
Repayment of short-term bank borrowings (2,941) (3,229) (11,156)
Cash dividend payments (66,162) (28,540) (26,559)
Purchase of treasury stock (73,486) (12,863) (6,259)
Net cash used in financing activities (150,026) (41,055) (12,209)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 1,996 6,635 1,030
Net increase (decrease) in cash, cash equivalents (115,891) 829 35,894
Cash, cash equivalents and restricted cash at beginning of period 252,202 251,373 215,479
Cash, cash equivalents and restricted cash at end of period 136,311 252,202 251,373
Supplemental disclosure of noncash investing activities:      
Capital expenditures accrued, but not yet paid 4,771 4,530 3,129
Cash paid during the period for:      
Interest 13,255 10,558 9,392
Income taxes 90,640 77,925 67,143
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 125,364 239,984 237,710
Short-term restricted cash 1,383 2,865 3,013
Long-term restricted cash 9,564 9,353 10,650
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 136,311 $ 252,202 $ 251,373