Stock Analysis on Net
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Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Bed Bath & Beyond Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Accounts payable
Accrued expenses and other current liabilities
Merchandise credit and gift card liabilities
Current operating lease liabilities
Current finance lease liabilities
Liabilities related to assets held-for-sale
Current income taxes payable
Current liabilities
Other liabilities
Noncurrent operating lease liabilities
Noncurrent finance lease liabilities
Income taxes payable
Long term debt
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value; no shares issued or outstanding
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Shareholders’ equity
Total liabilities and shareholders’ equity

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).

Current Liabilities
Current liabilities as a percentage of total liabilities and shareholders’ equity show a consistent upward trend, rising from 29.69% in 2017 to 40.44% in 2022. This increase is supported by growth in accrued expenses and other current liabilities, which grew from 7.07% to 10.27%, and merchandise credit and gift card liabilities, which also rose from 4.52% to 6.36%. Accounts payable showed some fluctuation, initially decreasing from 17.22% in 2017 to 12.12% in 2020, before rebounding to 17.00% in 2022. New categories such as current operating lease liabilities and current finance lease liabilities emerged from 2020 onwards, increasing current liabilities further.
Noncurrent Liabilities
Noncurrent liabilities increased substantially over the period, from 30.59% in 2017 to 56.17% in 2022. This rise is mainly attributed to the addition and growth of operating lease liabilities, with noncurrent operating lease liabilities starting at 23.35% in 2020 and climbing to 29.39% by 2022. Long-term debt remained relatively stable but showed an increase in 2022, reaching 23.00% after a decline to 18.44% in 2021. Noncurrent finance lease liabilities were minor but showed some volatility.
Total Liabilities
Total liabilities increased significantly as a proportion of total liabilities and shareholders’ equity, rising from 60.28% in 2017 to 96.61% in 2022. This reflects the overall increase in both current and noncurrent liabilities, highlighting a heavier reliance on debt and obligations.
Shareholders’ Equity
Shareholders’ equity declined sharply over the period, falling from 39.72% in 2017 to just 3.39% in 2022. This decline is largely driven by a steep increase in treasury stock at cost, which moved from -149.22% to -227.76%, exacerbating the reduction in net shareholders’ equity. Retained earnings demonstrated growth overall, rising from 160.73% to 188.40%, but this was insufficient to offset the impact of the increasing treasury stock balance. Additional paid-in capital increased from 28.85% to 43.58%, indicating some capital infusion or revaluation activity. Common stock remained relatively stable at negligible levels throughout.
Other Observations
The accumulated other comprehensive loss remained minor and relatively steady, slightly increasing in absolute terms from -0.69% to -0.90%. Income taxes payable showed minor fluctuations but remained under 2% of total liabilities and shareholders’ equity throughout. Certain categories like liabilities related to assets held-for-sale appeared briefly but did not persist, indicating possible disposals or restructuring activities.
Overall Trends and Insights
The financial data depict a significant increase in leverage and liabilities over the five-year span. The rise in total liabilities to nearly the entire capitalization structure suggests increasing financial risk. Meanwhile, the drastic reduction in shareholders’ equity percentage points to weakening equity base and possibly aggressive share repurchases or accounting measures reflected in treasury stock. The increase in operating lease liabilities, both current and noncurrent, could be a result of changes in accounting standards or expanded lease commitments. The mixed movements in accrued expenses, gift card liabilities, and operating leases indicate evolving operational funding needs and liabilities management.