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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
Operating Activities:    
Net income $ 81,249 $ 78,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,258 48,350
Allowance for doubtful accounts 10 19
Loss on sale of property and equipment 881 568
Deferred income taxes (3,241) (2,748)
Equity in losses of unconsolidated affiliates 6 34
Stock-based compensation 12,678 13,221
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 (16,133) 6,147
Merchandise inventories (71,257) (27,136)
Accounts payable 9,860 (37,213)
Net cash provided by operating activities 64,311 79,967
Investing Activities:    
Proceeds from the disposal of Aeropost, net of divested cash 4,959  
Additions to property and equipment (98,562) (73,350)
Purchases of short-term investments (22,442) (58,355)
Proceeds from settlements of short-term investments 53,058 37,605
Purchases of long-term investments (1,479)
Proceeds from settlements of long-term investments 1,486 1,479
Proceeds from disposal of property and equipment 97 109
Net cash used in investing activities (61,404) (93,991)
Financing Activities:    
Proceeds from long-term bank borrowings 30,633 3,000
Repayment of long-term bank borrowings (17,804) (13,135)
Proceeds from short-term bank borrowings 22,313  
Repayment of short-term bank borrowings (6,505) (64,916)
Cash dividend payments (13,275) (11,108)
Purchase of treasury stock (3,997) (2,574)
Other financing activities (223)
Net cash provided by (used in) financing activities 11,365 (88,956)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (7,034) (2,351)
Net increase (decrease) in cash, cash equivalents 7,238 (105,331)
Cash, cash equivalents and restricted cash at beginning of period 215,479 303,771
Cash, cash equivalents and restricted cash at end of period 222,717 198,440
Supplemental disclosure of noncash investing activities:    
Capital expenditures accrued, but not yet paid 1,456 8,763
Dividends declared but not yet paid (13,430) (10,755)
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 207,528 190,687
Short-term restricted cash 2,986 781
Long-term restricted cash 12,203 6,972
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 222,717 $ 198,440