Name: Bed Bath & Beyond Inc. (NASDAQ:BBBY) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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

US$ in thousands

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Cash and cash equivalents	439,496)	1,352,984)	1,000,340)	508,971)	346,140)	488,329)
Short term investment securities	—)	—)	385,642)	485,799)	378,039)	—)
Accounts receivable	—)	—)	—)	—)	—)	—)
Merchandise inventories	1,725,410)	1,671,909)	2,093,869)	2,618,922)	2,730,874)	2,905,660)
Prepaid expenses and other current assets	198,248)	595,152)	248,342)	296,280)	516,025)	416,755)
Assets held-for-sale	—)	—)	98,092)	—)	—)	—)
Current assets	2,363,154)	3,620,045)	3,826,285)	3,909,972)	3,971,078)	3,810,744)
Long term investment securities	19,212)	19,545)	20,380)	20,010)	19,517)	89,592)
Property and equipment, net	1,027,387)	918,418)	1,430,604)	1,853,091)	1,909,289)	1,837,129)
Operating lease assets	1,562,857)	1,587,101)	2,006,966)	—)	—)	—)
Goodwill	—)	—)	—)	391,052)	716,283)	697,085)
Other assets	157,962)	311,821)	506,280)	396,416)	424,639)	411,479)
Noncurrent assets	2,767,418)	2,836,885)	3,964,230)	2,660,569)	3,069,728)	3,035,285)
Total assets	5,130,572)	6,456,930)	7,790,515)	6,570,541)	7,040,806)	6,846,029)

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 overall asset base exhibits a general contraction over the observed six-year period, characterized by a peak in 2020 followed by a significant decline. Total assets decreased from 6.85 billion USD in February 2017 to 5.13 billion USD by February 2022, representing a cumulative reduction in the organization's resource base.

Current Asset Composition and Liquidity: Current assets remained relatively stable between 2017 and 2021, hovering around 3.6 to 3.9 billion USD, before experiencing a sharp decline to 2.36 billion USD in 2022. A critical component of this trend is the volatility in cash and cash equivalents, which peaked at 1.35 billion USD in 2021 but dropped precipitously to 439 million USD in 2022. This suggests a significant depletion of liquid reserves in the final year of the period.; Merchandise inventories show a consistent downward trend, falling from 2.91 billion USD in 2017 to 1.73 billion USD in 2022. This sustained reduction indicates a scaling back of inventory levels or a decrease in overall retail capacity.
Noncurrent Asset Trends and Structural Shifts: Noncurrent assets were heavily influenced by accounting adjustments and asset disposals. Property and equipment, net, declined steadily from 1.84 billion USD in 2017 to 1.03 billion USD in 2022, reflecting a reduction in tangible fixed assets. A significant structural shift occurred in 2020 with the introduction of operating lease assets valued at 2.01 billion USD, which temporarily inflated the total asset figure before trending slightly downward to 1.56 billion USD by 2022.
Intangible Assets and Impairments: A notable erosion of intangible value is evident in the treatment of goodwill. Goodwill decreased from 697 million USD in 2017 to 391 million USD in 2019, and was completely removed from the balance sheet by February 2020. The total disappearance of goodwill indicates full impairment of previously acquired intangible premiums.
Overall Asset Base Stability: The transition from a total asset value of 7.79 billion USD in 2020 to 5.13 billion USD in 2022 marks a period of rapid asset devaluation. This contraction is driven primarily by the combined effect of reduced current assets, the impairment of goodwill, and the decrease in net property and equipment, signaling a shrinking operational footprint.

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