PriceSmart (PSMT) Cash Flow: Operating & Free Cash Flow

PriceSmart (PSMT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Aug 31, 2025), PriceSmart generated $261.31M of operating cash flow and spent $158.13M on capital expenditures. That left free cash flow of $103.17M, up 164.2% from $39.04M a year earlier, or 2.0% of revenue. It returned $45.44M to shareholders through $38.73M in dividends and $6.71M in share buybacks.

PriceSmart Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for PriceSmart, Inc. (PSMT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Operating Activities
Net Income	147.89	138.88	109.21	104.55	98.16	78.18	73.49	74.40	90.72
Depreciation & Amortization	88.16	82.61	72.70	67.87	64.98	61.23	54.96	52.64	46.29
Deferred Income Tax	-4.40	-4.62	1.60	-3.30	-3.85	-3.41	-4.40	6.96	-2.85
Stock Based Compensation	18.81	17.29	16.57	16.80	18.42	13.82	15.06	10.22	9.69
Change in Working Capital	8.44	-28.66	50.84	-65.43	-51.58	108.91	30.04	-27.68	-22.80
Change in Accounts Receivable	15.50	0.00	17.59	-13.79	13.10	0.00	0.00	0.00	0.00
Change in Inventory	-32.05	-57.27	-10.17	-74.71	-80.20	21.76	-10.25	-10.08	-28.04
Change in Accounts Payable	24.99	32.49	43.42	23.06	15.53	90.19	25.33	-16.49	3.34
Change in Other Working Capital	15.50	-3.88	17.59	-13.79	13.10	-3.04	14.96	-1.11	1.89
Other Operating Activities	-1.99	2.09	8.02	-1.96	-2.82	0.54	1.19	2.91	1.80
Net Cash from Operating Activities	261.31	207.59	257.33	121.83	127.17	259.27	170.33	119.45	122.86
Investing Activities
Capital Expenditures	-158.13	-168.55	-142.51	-120.66	-113.17	-100.32	-140.06	-98.11	-135.29
Acquisitions	2.40	1.66	0.36	5.15	0.39	0.04	0.07	-23.34	0.38
Purchases of Investments	-79.56	-183.69	-138.78	-22.47	-70.94	-51.11	-15.24	-78.00	0.00
Sales/Maturities of Investments	106.41	175.13	58.85	63.22	67.01	20.18	30.53	45.69	0.00
Net Cash from Investing Activities	-128.88	-175.45	-222.08	-74.76	-116.72	-131.21	-124.70	-153.78	-135.22
Financing Activities
Debt Repayment	-39.60	-10.38	-35.98	-22.70	-19.99	100.81	-5.40	-3.59	1.80
Common Stock Repurchased	-6.71	-73.49	-12.86	-6.26	-5.54	-3.65	-4.60	-3.18	-3.19
Dividends Paid	-38.73	-66.16	-28.54	-26.56	-21.99	-21.53	-21.65	-21.24	-21.29
Other Financing Activities	0.00	0.00	0.00	0.00	-0.65	-0.07	-0.30	0.00	0.17
Net Cash from Financing Activities	14.20	-150.03	-41.06	-12.21	-95.14	75.56	-31.96	-27.74	-21.81
Summary
Effect of Forex Changes on Cash	2.36	1.79	6.64	1.03	-3.60	-6.66	-4.43	-6.83	-2.92
Net Change in Cash	148.98	-116.10	0.83	35.89	-88.29	197.54	9.25	-68.97	-37.09
Cash at Beginning of Period	136.31	242.85	240.72	205.71	299.67	102.71	93.46	162.43	199.52
Cash at End of Period	285.29	126.75	242.85	240.72	205.71	299.67	102.71	93.46	162.43
Free Cash Flow	103.17	39.04	114.82	1.17	13.99	158.95	30.27	21.35	-12.44
Supplemental Disclosures
Interest Paid	10.97	13.26	10.56	9.39	7.77	-	-	-	-
Income Taxes Paid	83.71	90.64	77.93	67.14	58.57	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About PriceSmart Cash Flow

What is PriceSmart's free cash flow?

PriceSmart generated free cash flow of $103.17M in fiscal 2025 (fiscal year ended Aug 31, 2025), operating cash flow of $261.31M minus $158.13M of capital expenditures. That was up 164.2% from $39.04M a year earlier. Free cash flow equaled 2.0% of revenue.

How much does PriceSmart spend on capital expenditures?

PriceSmart spent $158.13M on capital expenditures in fiscal 2025, compared with $168.54M a year earlier. That equals 60.5% of operating cash flow.

Does PriceSmart pay dividends or buy back shares?

Yes. In fiscal 2025 PriceSmart returned $38.73M in dividends and $6.71M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition