Stock Analysis on Net
Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Common-Size Balance Sheet: Assets 

Bed Bath & Beyond Inc., common-size consolidated balance sheet: assets

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Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Cash and cash equivalents 8.57 20.95 12.84 7.75 4.92 7.13
Short term investment securities 0.00 0.00 4.95 7.39 5.37 0.00
Accounts receivable 0.00 0.00 0.00 0.00 0.00 0.00
Merchandise inventories 33.63 25.89 26.88 39.86 38.79 42.44
Prepaid expenses and other current assets 3.86 9.22 3.19 4.51 7.33 6.09
Assets held-for-sale 0.00 0.00 1.26 0.00 0.00 0.00
Current assets 46.06% 56.06% 49.11% 59.51% 56.40% 55.66%
Long term investment securities 0.37 0.30 0.26 0.30 0.28 1.31
Property and equipment, net 20.02 14.22 18.36 28.20 27.12 26.83
Operating lease assets 30.46 24.58 25.76 0.00 0.00 0.00
Goodwill 0.00 0.00 0.00 5.95 10.17 10.18
Other assets 3.08 4.83 6.50 6.03 6.03 6.01
Noncurrent assets 53.94% 43.94% 50.89% 40.49% 43.60% 44.34%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

The analysis of the annual financial data reveals several notable trends and shifts in the composition of assets over the six-year period.

Cash and cash equivalents
This category exhibits considerable fluctuations, starting at 7.13% of total assets in 2017, declining to 4.92% in 2018, then rising significantly to peak at 20.95% in 2021 before dropping again to 8.57% in 2022. The spike in 2021 suggests a strategic increase in liquidity, possibly for operational flexibility or preparation for specific investments or obligations.
Short term investment securities
Data is partially missing, but available figures show an increase from 5.37% in 2018 to 7.39% in 2019, followed by a decline to 4.95% in 2020. The absence of data for 2017, 2021, and 2022 limits trend identification, but the peak in 2019 may reflect tactical shifts in short-term asset allocation.
Merchandise inventories
This asset category consistently represents a significant portion of total assets, though it declines sharply from 42.44% in 2017 to 25.89% in 2021 before increasing again to 33.63% in 2022. The drop between 2019 and 2021 indicates possible inventory reduction efforts or changes in inventory management, with the rebound in 2022 suggesting restocking or supply adjustments.
Prepaid expenses and other current assets
There is variability with an initial rise from 6.09% in 2017 to 7.33% in 2018, a decline to 3.19% in 2020, followed by a peak at 9.22% in 2021 and a subsequent drop to 3.86% in 2022. These fluctuations could reflect timing differences in expense recognition or changing operational policies.
Assets held-for-sale
Recorded only in 2020 at 1.26%, indicating a one-time classification of certain assets possibly earmarked for disposition during that year.
Current assets
Current assets as a percentage of total assets generally remain above 45%, peaking at 59.51% in 2019, but dipping to the lowest point of 46.06% in 2022. This trend suggests a generally strong liquidity position, although the decline in 2022 hints at a shift toward increased long-term asset investment or reduction in short-term holdings.
Long term investment securities
These remain relatively stable and minor constituents of total assets, fluctuating narrowly between 0.26% and 0.37%, indicating consistent but limited allocation to long-term investments.
Property and equipment, net
This category declines from a high of 28.20% in 2019 to 14.22% in 2021 before increasing to 20.02% in 2022, showing a reduction likely corresponding to asset disposals, depreciation, or reclassification, with a partial recovery reflecting investment or revaluation in the latter year.
Operating lease assets
Absent before 2020, operating lease assets emerge significantly in 2020 at 25.76%, slightly decline in 2021 to 24.58%, then rise substantially to 30.46% in 2022. This reflects adoption and impact of new lease accounting standards, increasing the balance sheet recognition of lease-related assets.
Goodwill
Goodwill decreases markedly from 10.18% in 2017 and 10.17% in 2018 down to 5.95% in 2019, with no recorded values thereafter, indicating potential impairment, disposal, or reclassification of goodwill assets post-2019.
Other assets
There is a gradual decline from 6.01% in 2017 to 3.08% in 2022, suggesting a reduction in miscellaneous or less liquid asset categories over time.
Noncurrent assets
This category's share of total assets fluctuates between 40.49% and 53.94%, with a notable increase in 2020 and again in 2022. The 2020 rise aligns with the initial recognition of operating lease assets, while the 2022 increase indicates a strategic emphasis on longer-term or fixed assets relative to current assets.
Total assets
By definition, total assets remain constant at 100% for all periods, serving as the basis for relative comparisons across asset categories.

Overall, the financial asset structure demonstrates a dynamic balance between liquidity and longer-term asset investment, influenced by accounting standard changes, possible strategic inventory management, and asset class reallocations over the analyzed period.