Bed, Bath and Beyond 2006 Annual Report Download - page 14

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BED BATH& BEYOND ANNUAL REPORT 2006
12
March 3, February 25,
(in thousands, except per share data) 2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 213,381)$ 247,697)
Short term investment securities 774,881)404,113)
Merchandise inventories 1,505,800)1,301,720)
Other current assets 204,552)118,415)
Total current assets 2,698,614)2,071,945)
Long term investment securities 102,692)393,862)
Property and equipment, net 929,507)738,742)
Other assets 228,491)177,591)
Total assets $ 3,959,304)$ 3,382,140)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 615,156)$ 534,910)
Accrued expenses and other current liabilities 245,267)249,092)
Merchandise credit and gift card liabilities 143,737)113,514)
Income taxes payable 140,913)92,030)
Total current liabilities 1,145,073)989,546)
Deferred rent and other liabilities 165,080)130,144)
Total liabilities 1,310,153)1,119,690)
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 309,750 and 306,156 shares, respectively;
outstanding 277,074 and 280,990 shares, respectively 3,098)3,062)
Additional paid-in capital 737,209)575,559)
Retained earnings 3,153,856)2,632,224)
Treasury stock, at cost (1,249,397) (948,395)
Accumulated other comprehensive income 4,385)—)
Total shareholders’ equity 2,649,151)2,262,450)
Total liabilities and shareholders’ equity $ 3,959,304)$ 3,382,140)
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries