Bed, Bath and Beyond 2010 Annual Report Download - page 10
Download and view the complete annual report
Please find page 10 of the 2010 Bed, Bath and Beyond annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
 |
 |
BED BATH & BEYOND 2010 ANNUAL REPORT
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
(continued)
Fiscal 2009 compared to Fiscal 2008
year, the Company experienced a decrease in cash used for the net components of working capital (primarily accounts payable,
accrued expenses and other current liabilities and income taxes payable, partially offset by merchandise inventories), and an
increase in net earnings.
levels to support sales.
Auction Rate Securities
auctions result in a lack of liquidity in the securities but do not affect the underlying collateral of the securities. All of these
Since this valuation adjustment is deemed to be temporary, it was recorded in accumulated other comprehensive income, net
The Company does not anticipate that any potential lack of liquidity in its auction rate securities, even for an extended period
of time, will affect its ability to finance its operations, including its expansion program, share repurchase program, and planned
capital expenditures. The Company continues to monitor efforts by the financial markets to find alternative means for restoring
better visibility as to when their liquidity will be restored. The classification and valuation of these securities will continue to be
reviewed quarterly.