Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2025	Aug. 30, 2024
Assets
Cash and cash equivalents	$ 621,682	$ 383,147
Short-term investments	25,323	6,337
Accounts receivable, net	330,384	251,743
Inventories	199,737	151,213
Other current assets	67,639	75,264
Total current assets	1,244,765	867,704
Property and equipment, net	97,116	106,548
Operating lease right-of-use assets	56,363	60,349
Intangible assets, net	103,280	121,454
Goodwill	155,879	161,958
Deferred tax assets	84,944	85,078
Other noncurrent assets	68,997	71,415
Total assets	1,811,344	1,474,506
Liabilities and Equity
Accounts payable and accrued expenses	278,093	219,090
Current debt	19,891	0
Deferred revenue	121,646	63,954
Other current liabilities	54,075	44,552
Total current liabilities	473,705	327,596
Long-term debt	638,900	657,347
Noncurrent operating lease liabilities	56,816	60,542
Other noncurrent liabilities	30,032	29,813
Total liabilities	1,199,453	1,075,298
Commitments and contingencies
Penguin Solutions shareholders’ equity:
Ordinary shares, $0.03 par value; authorized 200,000 shares; 61,620 shares issued and 53,668 outstanding as of February 28, 2025; 60,226 shares issued and 53,277 outstanding as of August 30, 2024	1,849	1,807
Preferred shares, $0.03 par value; authorized 30,000 shares; 200 shares issued and outstanding as of February 28, 2025; no shares issued or outstanding as of August 30, 2024	6	0
Additional paid-in capital	731,323	513,335
Retained earnings	40,684	29,985
Treasury shares, 7,951 and 6,949 shares held as of February 28, 2025 and August 30, 2024, respectively	(171,351)	(153,756)
Accumulated other comprehensive income (loss)	17	10
Total Penguin Solutions shareholders’ equity	602,528	391,381
Noncontrolling interest in subsidiary	9,363	7,827
Total equity	611,891	399,208
Total liabilities and equity	$ 1,811,344	$ 1,474,506