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.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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

US$ in thousands

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
Accounts payable showed a downward trend from 1,179,088 thousand USD in 2017 to 872,445 thousand USD in 2022, indicating a reduction in short-term obligations to suppliers. Accrued expenses and other current liabilities increased initially from 484,114 thousand USD in 2017 to 674,235 thousand USD in 2020 but then decreased to 526,877 thousand USD by 2022. Merchandise credit and gift card liabilities remained relatively stable throughout the period, with slight fluctuations.
New categories such as current operating lease liabilities and current finance lease liabilities appeared in 2020, reflecting lease-related obligations amounting to 463,005 thousand USD and 1,541 thousand USD respectively, later slightly declining by 2022. Other current liability categories, including those related to assets held-for-sale and current income taxes payable, appeared intermittently and generally decreased or disappeared by the end of the period. Total current liabilities fluctuated, increasing from 2,032,501 thousand USD in 2017 to a peak of 2,466,526 thousand USD in 2020 before declining to 2,074,787 thousand USD in 2022.
Noncurrent Liabilities
Noncurrent operating lease liabilities emerged in 2020 with 1,818,783 thousand USD and slightly decreased over the subsequent years. Noncurrent finance lease liabilities increased substantially in 2020 to 102,412 thousand USD but then fell sharply, reaching 35,447 thousand USD in 2022. Long-term debt remained relatively stable until 2020, after which it declined noticeably from 1,488,400 thousand USD in 2020 to 1,179,776 thousand USD in 2022, suggesting debt reduction efforts.
Other liabilities showed a pronounced decline from 529,577 thousand USD in 2017 to 66,991 thousand USD in 2022. Total noncurrent liabilities surged in 2020, mainly due to the introduction of lease liabilities and increased finance lease liabilities, reaching 3,559,054 thousand USD before decreasing to 2,881,640 thousand USD by 2022.
Total Liabilities
Total liabilities rose from approximately 4,126,752 thousand USD in 2017 to a peak of 6,025,580 thousand USD in 2020, largely driven by lease liabilities and other noncurrent obligations, then declined to 4,956,427 thousand USD in 2022. This pattern reflects increased leverage and obligations coinciding with lease accounting changes and subsequent deleveraging.
Shareholders’ Equity
Common stock and additional paid-in capital showed modest growth and stability, with common stock remaining near 3,400 thousand USD and additional paid-in capital increasing from 1,974,781 thousand USD in 2017 to 2,235,894 thousand USD in 2022. Retained earnings decreased steadily from 11,003,890 thousand USD in 2017 to 9,666,091 thousand USD in 2022, indicating net losses or dividend distributions exceeding earnings over time. Treasury stock at cost increased negatively from -10,215,539 thousand USD in 2017 to -11,685,267 thousand USD in 2022, suggesting increased share repurchases or stock retirement activities.
Accumulated other comprehensive loss fluctuated slightly but remained a relatively small negative value compared to other equity components. Overall, shareholders’ equity dramatically declined from 2,719,277 thousand USD in 2017 to 174,145 thousand USD in 2022, reflecting significant erosion of net asset value over the period.
Total Liabilities and Shareholders’ Equity
The combined total of liabilities and shareholders’ equity displayed an increase from 6,846,029 thousand USD in 2017 to a peak of 7,790,515 thousand USD in 2020, followed by a sharp decline to 5,130,572 thousand USD in 2022. This trend aligns with the increase in liabilities during 2020 and a pronounced reduction in equity, highlighting overall contraction in the company's financial base by 2022.