Bed, Bath and Beyond 2001 Annual Report Download - page 10
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BED BATH & BEYOND ANNUAL REPORT 2001
8
Consolidated Statements of Cash Flows
Bed Bath & Beyond Inc. and Subsidiaries
FISCAL YEAR ENDED
March 2, March 3, February 26,
(in thousands) 2002 2001 2000
Cash Flows from Operating Activities:
Net earnings $ 219,599)$ 171,922)$ 131,229)
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Depreciation and amortization 62,547)46,650)31,625)
Tax benefit from exercise of stock options 31,980)48,295)8,932)
Deferred income taxes 1,733)(3,939) (8,197)
(Increase) decrease in assets:
Merchandise inventories (147,268) (136,271) (110,096)
Other current assets 644)2,627)(2,347)
Other assets 206)(1,124) 96)
Increase (decrease) in liabilities:
Accounts payable 78,516)47,287)45,744)
Accrued expenses and other current liabilities 62,123)20,721)18,354)
Income taxes payable 17,450)(1,602) 16,980)
Deferred rent 10,426)3,370)3,616)
Net cash provided by operating activities 337,956)197,936)135,936)
Cash Flows from Investing Activities:
Purchase of investment securities (51,909) –)) –)
Capital expenditures (121,632) (140,395) (90,098)
Net cash used in investing activities (173,541) (140,395) (90,098)
Cash Flows from Financing Activities:
Proceeds from exercise of stock options 25,753)37,756)7,797)
Net cash provided by financing activities 25,753)37,756)7,797)
Net increase in cash and cash equivalents 190,168)95,297)53,635)
Cash and cash equivalents:
Beginning of period 239,328)144,031)90,396)
End of period $ 429,496)$ 239,328)$ 144,031)
See accompanying Notes to Consolidated Financial Statements.