Bed, Bath and Beyond 2009 Annual Report Download - page 15

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BED BATH & BEYOND 2009 ANNUAL REPORT
13
February 27, February 28,
(in thousands, except per share data) 2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 1,096,100 $ 668,209
Short term investment securities 431,476 2,000
Merchandise inventories 1,759,703 1,642,339
Other current assets 276,066 250,251
Total current assets 3,563,345 2,562,799
Long term investment securities 132,860 221,134
Property and equipment, net 1,119,292 1,148,435
Other assets 336,633 336,475
Total assets $ 5,152,130 $ 4,268,843
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 611,163 $ 514,734
Accrued expenses and other current liabilities 281,730 247,508
Merchandise credit and gift card liabilities 172,804 165,621
Current income taxes payable 83,857 25,105
Total current liabilities 1,149,554 952,968
Deferred rent and other liabilities 246,273 227,209
Income taxes payable 103,399 88,212
Total liabilities 1,499,226 1,268,389
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 320,553 and 314,678 shares, respectively;
outstanding 262,898 and 259,701 shares, respectively 3,206 3,147
Additional paid-in capital 1,020,515 878,568
Retained earnings 4,754,954 4,154,921
Treasury stock, at cost (2,126,499) (2,031,642)
Accumulated other comprehensive income (loss) 728 (4,540)
Total shareholders’ equity 3,652,904 3,000,454
Total liabilities and shareholders’ equity $ 5,152,130 $ 4,268,843
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries