Bed, Bath and Beyond 2001 Annual Report Download - page 8
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BED BATH & BEYOND ANNUAL REPORT 2001
6
Consolidated Balance Sheets
Bed Bath & Beyond Inc. and Subsidiaries
March 2, March 3,
(in thousands, except per share data) 2002 2001
ASSETS
Current assets:
Cash and cash equivalents $ 429,496 $ 239,328
Merchandise inventories 753,972 606,704
Other current assets 43,249 39,681
Total current assets 1,226,717 885,713
Investment securities 51,909 –
Property and equipment, net 361,741 302,656
Other assets 7,150 7,356
$ 1,647,517 $ 1,195,725
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 270,917 $ 192,401
Accrued expenses and other current liabilities 190,923 128,800
Income taxes payable 49,438 31,988
Total current liabilities 511,278 353,189
Deferred rent and other liabilities 41,889 25,518
Total liabilities 553,167 378,707
Commitments and contingencies (notes 3, 7 and 9)
Shareholders’ equity:
Preferred stock – $0.01 par value; authorized – 1,000 shares;
no shares issued or outstanding – –
Common stock – $0.01 par value; authorized –
900,000 shares; issued and outstanding –
March 2, 2002, 291,441 shares and
March 3, 2001, 287,890 shares 2,914 2,879
Additional paid-in capital 238,672 180,974
Retained earnings 852,764 633,165
Total shareholders’ equity 1,094,350 817,018
$ 1,647,517 $ 1,195,725
See accompanying Notes to Consolidated Financial Statements.