Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 29, 2024	Aug. 30, 2024
Assets
Cash and cash equivalents	$ 370,295	$ 383,147
Short-term investments	23,430	6,337
Accounts receivable, net	275,629	251,743
Inventories	246,952	151,213
Other current assets	79,273	75,264
Total current assets	995,579	867,704
Property and equipment, net	100,239	106,548
Operating lease right-of-use assets	58,317	60,349
Intangible assets, net	111,926	121,454
Goodwill	161,958	161,958
Deferred tax assets	84,934	85,078
Other noncurrent assets	70,062	71,415
Total assets	1,583,015	1,474,506
Liabilities and Equity
Accounts payable and accrued expenses	284,636	219,090
Deferred revenue	41,326	63,954
Other current liabilities	100,924	44,552
Total current liabilities	426,886	327,596
Long-term debt	658,070	657,347
Noncurrent operating lease liabilities	58,611	60,542
Other noncurrent liabilities	30,499	29,813
Total liabilities	1,174,066	1,075,298
Commitments and contingencies
Penguin Solutions shareholders’ equity:
Preferred shares, $0.03 par value; authorized 30,000 shares; none issued or outstanding	0	0
Ordinary shares, $0.03 par value; authorized 200,000 shares; 61,067 shares issued and 53,438 outstanding as of November 29, 2024; 60,226 shares issued and 53,277 outstanding as of August 30, 2024	1,832	1,807
Additional paid-in capital	528,201	513,335
Retained earnings	35,202	29,985
Treasury shares, 7,629 and 6,949 shares held as of November 29, 2024 and August 30, 2024, respectively	(164,879)	(153,756)
Accumulated other comprehensive income (loss)	19	10
Total Penguin Solutions shareholders’ equity	400,375	391,381
Noncontrolling interest in subsidiary	8,574	7,827
Total equity	408,949	399,208
Total liabilities and equity	$ 1,583,015	$ 1,474,506