Bed, Bath and Beyond 2004 Annual Report Download - page 12

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BED BATH & BEYOND ANNUAL REPORT 2004
10
February 26, February 28,
(in thousands, except per share data) 2005 2004
ASSETS
Current assets:
Cash and cash equivalents $ 222,108)$ 294,500
Short term investment securities 629,339)572,095
Merchandise inventories 1,152,028)1,012,334
Other current assets 93,527)90,357
Total current assets 2,097,002)1,969,286
Long term investment securities 324,209)210,788
Property and equipment, net 609,631)516,164
Goodwill 147,559)147,269
Other assets 21,578)21,516
$3,199,979)$2,865,023
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 450,525)$ 398,650
Accrued expenses and other current liabilities 254,643)273,851
Merchandise credit and gift card liabilities 87,061)63,188
Income taxes payable 81,364)33,845
Total current liabilities 873,593)769,534
Deferred rent and other liabilities 122,624)104,669
Total liabilities 996,217)874,203
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 302,825 and 300,278 shares, respectively;
outstanding 294,063 and 300,278 shares, respectively 3,028)3,003
Additional paid-in capital 491,508)433,404
Retained earnings 2,059,377)1,554,413
Treasury stock, at cost (350,151) —
Total shareholders’ equity 2,203,762)1,990,820
$3,199,979)$2,865,023
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries