Bed, Bath and Beyond 2010 Annual Report Download - page 15

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BED BATH & BEYOND 2010 ANNUAL REPORT
13
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries
February 26, February 27,
(in thousands, except per share data) 2011 2010
ASSETS
Current assets:
Cash and cash equivalents $ 1,183,587 $ 1,096,100
Short term investment securities 605,608 431,476
Merchandise inventories 1,968,907 1,759,703
Other current assets 315,736 276,066
Total current assets 4,073,838 3,563,345
Long term investment securities 121,446 132,860
Property and equipment, net 1,116,297 1,119,292
Other assets 334,612 336,633
Total assets $ 5,646,193 $ 5,152,130
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 709,550 $ 611,163
Accrued expenses and other current liabilities 306,847 281,730
Merchandise credit and gift card liabilities 193,061 172,804
Current income taxes payable 112,982 83,857
Total current liabilities 1,322,440 1,149,554
Deferred rent and other liabilities 292,364 246,273
Income taxes payable 99,730 103,399
Total liabilities 1,714,534 1,499,226
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 325,222 and 320,553 shares, respectively;
outstanding 251,666 and 262,898 shares, respectively 3,253 3,206
Additional paid-in capital 1,191,123 1,020,515
Retained earnings 5,546,287 4,754,954
Treasury stock, at cost (2,814,104) (2,126,499)
Accumulated other comprehensive income 5,100 728
Total shareholders’ equity 3,931,659 3,652,904
Total liabilities and shareholders’ equity $ 5,646,193 $ 5,152,130
See accompanying Notes to Consolidated Financial Statements.