Bed, Bath and Beyond 2007 Annual Report Download - page 14

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BED BATH& BEYOND ANNUAL REPORT 2007
12
March 1, March 3,
(in thousands, except per share data) 2008 2007
ASSETS
Current assets:
Cash and cash equivalents $ 224,084)$ 213,381)
Short term investment securities —)774,881)
Merchandise inventories 1,616,981)1,505,800)
Other current assets 238,646)204,552)
Total current assets 2,079,711)2,698,614)
Long term investment securities 326,004)102,692)
Property and equipment, net 1,121,906)929,507)
Other assets 316,472)228,491)
Total assets $ 3,844,093)$ 3,959,304)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 570,605)$ 615,156)
Accrued expenses and other current liabilities 258,989)245,267)
Merchandise credit and gift card liabilities 171,252)143,737)
Current income taxes payable 13,266)140,913)
Total current liabilities 1,014,112)1,145,073)
Deferred rent and other liabilities 192,778)165,080)
Income taxes payable 75,375)—)
Total liabilities 1,282,265)1,310,153)
Commitments and contingencies
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 312,229 and 309,750 shares, respectively;
outstanding 258,920 and 277,074 shares, respectively 3,122)3,098)
Additional paid-in capital 813,568)737,209)
Retained earnings 3,729,766)3,153,856)
Treasury stock, at cost (1,983,590) (1,249,397)
Accumulated other comprehensive (loss) income (1,038) 4,385)
Total shareholders’ equity 2,561,828)2,649,151)
Total liabilities and shareholders’ equity $ 3,844,093)$ 3,959,304)
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries