Bed, Bath and Beyond 2001 Annual Report Download - page 9

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BED BATH & BEYOND ANNUAL REPORT 2001
7
Consolidated Statements of Earnings
Bed Bath & Beyond Inc. and Subsidiaries
Consolidated Statements of Shareholders’ Equity
Bed Bath & Beyond Inc. and Subsidiaries
FISCAL YEAR ENDED
March 2, March 3, February 26,
(in thousands, except per share data) 2002 2001 2000
Net sales $ 2,927,962 $ 2,396,655 $1,857,505
Cost of sales 1,720,396 1,410,196 1,090,704
Gross profit 1,207,566 986,459 766,801
Selling, general and administrative expenses 861,466 713,621 557,461
Operating profit 346,100 272,838 209,340
Interest income 10,972 9,001 5,790
Earnings before provision for income taxes 357,072 281,839 215,130
Provision for income taxes 137,473 109,917 83,901
Net earnings $ 219,599 $ 171,922 $ 131,229
Net earnings per share – Basic $ .76 $ .61 $ .47
Net earnings per share – Diluted $ .74 $ .59 $ .46
Weighted average shares outstanding – Basic 289,877 283,925 279,930
Weighted average shares outstanding – Diluted 298,667 292,876 288,234
ADDITIONAL
COMMON STOCK PAID-IN RETAINED
(in thousands) SHARES AMOUNT CAPITAL EARNINGS TOTAL
Balance at February 27, 1999 278,836 $ 2,788 $ 78,285 $ 330,014 $ 411,087
Net earnings 131,229 131,229
Shares sold under employee stock option plans 1,976 20 16,709 16,729
Balance at February 26, 2000 280,812 2,808 94,994 461,243 559,045
Net earnings 171,922 171,922
Shares sold under employee stock option plans 7,078 71 85,980 86,051
Balance at March 3, 2001 287,890 2,879 180,974 633,165 817,018
Net earnings 219,599 219,599
Shares sold under employee stock option plans 3,551 35 57,698 57,733
Balance at March 2, 2002 291,441 $ 2,914 $ 238,672 $ 852,764 $ 1,094,350
See accompanying Notes to Consolidated Financial Statements.