Bed, Bath and Beyond 2005 Annual Report Download - page 12

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BED BATH& BEYOND ANNUAL REPORT 2005
10
February 25, February 26,
(in thousands, except per share data) 2006 2005
ASSETS
Current assets:
Cash and cash equivalents $ 247,697)$ 222,108)
Short term investment securities 404,113)629,339)
Merchandise inventories 1,301,720)1,152,028)
Other current assets 118,415)93,527)
Total current assets 2,071,945)2,097,002)
Long term investment securities 393,862)324,209)
Property and equipment, net 738,742)609,631)
Other assets 177,591)169,137)
$ 3,382,140)$ 3,199,979)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 534,910)$ 450,525)
Accrued expenses and other current liabilities 249,092)254,643)
Merchandise credit and gift card liabilities 113,514)87,061)
Income taxes payable 92,030)81,364)
Total current liabilities 989,546)873,593)
Deferred rent and other liabilities 130,144)122,624)
Total liabilities 1,119,690)996,217)
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 306,156 and 302,825 shares, respectively;
outstanding 280,990 and 294,063 shares, respectively 3,062)3,028)
Additional paid-in capital 575,559)491,508)
Retained earnings 2,632,224)2,059,377)
Treasury stock, at cost (948,395) (350,151)
Total shareholders’ equity 2,262,450)2,203,762)
$ 3,382,140)$ 3,199,979)
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries