Bed, Bath and Beyond 2014 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2014 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.

Page out of 80

  • 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
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

(in thousands, except per share data)
February 28,
2015
March 1,
2014
Assets
Current assets:
Cash and cash equivalents $ 875,574 $ 366,516
Short term investment securities 109,992 489,331
Merchandise inventories 2,731,881 2,578,956
Other current assets 366,156 354,184
Total current assets 4,083,603 3,788,987
Long term investment securities 97,160 87,393
Property and equipment, net 1,676,700 1,579,804
Goodwill 486,279 486,279
Other assets 415,251 413,570
Total assets $ 6,758,993 $ 6,356,033
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,156,368 $ 1,104,668
Accrued expenses and other current liabilities 403,547 385,954
Merchandise credit and gift card liabilities 306,160 284,216
Current income taxes payable 76,606 60,298
Total current liabilities 1,942,681 1,835,136
Deferred rent and other liabilities 493,137 486,996
Income taxes payable 79,985 92,614
Long term debt 1,500,000 —
Total liabilities 4,015,803 2,414,746
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
336,667 and 334,941 shares, respectively; outstanding 174,178 and
205,405 shares, respectively 3,367 3,350
Additional paid-in capital 1,796,692 1,673,217
Retained earnings 9,553,376 8,595,902
Treasury stock, at cost (8,567,932) (6,317,335)
Accumulated other comprehensive loss (42,313) (13,847)
Total shareholders’ equity 2,743,190 3,941,287
Total liabilities and shareholders’ equity $ 6,758,993 $ 6,356,033
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
Bed Bath & Beyond Inc. and Subsidiaries
BED BATH & BEYOND 2014 ANNUAL REPORT
16