acquisition decision

Annual Balance Sheet
($ millions)

PRICESMART INC.GICS :
9740 Scranton RoadS&P Long-Term Issuer Credit Rating:
San Diego, CA 92121S&P Short-Term Issuer Credit Rating:
Ticker: PSMT
Fiscal Year: 8
Aug07Aug08Aug09Aug10Aug11
Assets
Cash & Short-Term Investments4049447578
Net Receivables35234
Inventories96114116131177
Other Current Assets1718232634

Total Current Assets156185185235293

Gross Plant, Property & Equipment246271311355385
Accumulated Depreciation-66-72-79-89-104
Net Plant, Property & Equipment180200232266281

Investments at Equity2888
Other Investments2
Intangibles3239383737
Other Assets2426262745

Total Assets395450487573664

Liabilities
Long Term Debt Due In One Year13587
Notes Payable33242
Accounts Payable8196101124163
Taxes Payable54678
Accrued Expenses3120192224
Other Current Liabilities111391113
2446435975
Total Current Liabilities132139142175218

Long Term Debt823375360
Deferred Taxes11112
Other Liabilities511678

Total Liabilities147175186237288

Redeemable Noncontrolling Interest301

Equity
Common Stock00000
Capital Surplus370373377379384
Retained Earnings-114-86-63-2811
Less: Treasury Stock-10-13-14-16-18

Common Equity245275300336376

Total Liabilities and Equity395450487573664

Common Shares Outstanding29.33929.61529.68129.89829.900

Copyright: Standard & Poor’s, A Division of McGraw-Hill Companies, Inc.