Bed, Bath and Beyond 2003 Annual Report Download - page 10

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BED BATH& BEYOND ANNUAL REPORT 2003
8
February 28, March 1,
(in thousands, except per share data) 2004 2003
ASSETS
Current assets:
Cash and cash equivalents $825,015 $515,670
Short term investment securities 41,580 100,927
Merchandise inventories 1,012,334 915,671
Other current assets 90,357 62,123
Total current assets 1,969,286 1,594,391
Long term investment securities 210,788 148,005
Property and equipment, net 516,164 423,907
Goodwill 147,269 15,556
Other assets 21,516 6,983
$2,865,023 $2,188,842
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $398,650 $362,965
Accrued expenses and other current liabilities 337,039 246,198
Income taxes payable 33,845 71,008
Total current liabilities 769,534 680,171
Deferred rent and other liabilities 104,669 56,750
Total liabilities 874,203 736,921
Commitments and contingencies (notes 4, 8 and 10)
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 - February 28, 2004, 300,278 shares and
March 1, 2003, 294,430 shares 3,003 2,944
Additional paid-in capital 433,404 294,034
Retained earnings 1,554,413 1,154,943
Total shareholders’ equity 1,990,820 1,451,921
$2,865,023 $2,188,842
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries