Bed Bath & Beyond Inc., adjusted total assets

US$ in thousands

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
As Reported
Total assets	5,130,572)	6,456,930)	7,790,515)	6,570,541)	7,040,806)	6,846,029)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	2,298,308)	2,531,568)	2,702,735)
Less: Noncurrent deferred tax assets, net²	—)	130,022)	276,528)	115,080)	11,025)	195,469)
After Adjustment
Adjusted total assets	5,130,572)	6,326,908)	7,513,987)	8,753,769)	9,561,349)	9,353,295)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax assets, net. See details »

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Bed Bath & Beyond Inc., adjusted total liabilities

US$ in thousands

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
As Reported
Total liabilities	4,956,427)	5,179,994)	6,025,580)	4,010,210)	4,152,178)	4,126,752)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	2,298,308)	2,531,568)	2,702,735)
Less: Noncurrent deferred tax liabilities²	136)	—)	—)	—)	—)	—)
Less: Accrual for severance and related costs	15,000)	17,700)	73,400)	—)	—)	—)
After Adjustment
Adjusted total liabilities	4,941,291)	5,162,294)	5,952,180)	6,308,518)	6,683,746)	6,829,487)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Bed Bath & Beyond Inc., adjusted shareholders’ equity

US$ in thousands

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
As Reported
Shareholders’ equity	174,145)	1,276,936)	1,764,935)	2,560,331)	2,888,628)	2,719,277)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(136)	130,022)	276,528)	115,080)	11,025)	195,469)
Add: Accrual for severance and related costs	15,000)	17,700)	73,400)	—)	—)	—)
After Adjustment
Adjusted shareholders’ equity	189,281)	1,164,614)	1,561,807)	2,445,251)	2,877,603)	2,523,808)

¹ Net deferred tax assets (liabilities). See details »

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Bed Bath & Beyond Inc., adjusted capitalization table

US$ in thousands

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
As Reported
Current finance lease liabilities	2,494)	—)	1,541)	—)	—)	—)
Noncurrent finance lease liabilities	35,447)	—)	102,412)	3,800)	4,500)	5,100)
Long term debt	1,179,776)	1,190,363)	1,488,400)	1,487,934)	1,492,078)	1,491,603)
Total reported debt	1,217,717)	1,190,363)	1,592,353)	1,491,734)	1,496,578)	1,496,703)
Shareholders’ equity	174,145)	1,276,936)	1,764,935)	2,560,331)	2,888,628)	2,719,277)
Total reported capital	1,391,862)	2,467,299)	3,357,288)	4,052,065)	4,385,206)	4,215,980)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	2,298,308)	2,531,568)	2,702,735)
Add: Current operating lease liabilities²	346,506)	360,061)	463,005)	—)	—)	—)
Add: Noncurrent operating lease liabilities³	1,508,002)	1,509,767)	1,818,783)	—)	—)	—)
Adjusted total debt	3,072,225)	3,060,191)	3,874,141)	3,790,042)	4,028,146)	4,199,438)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(136)	130,022)	276,528)	115,080)	11,025)	195,469)
Add: Accrual for severance and related costs	15,000)	17,700)	73,400)	—)	—)	—)
Adjusted shareholders’ equity	189,281)	1,164,614)	1,561,807)	2,445,251)	2,877,603)	2,523,808)
After Adjustment
Adjusted total capital	3,261,506)	4,224,805)	5,435,948)	6,235,293)	6,905,749)	6,723,246)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Noncurrent operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Bed Bath & Beyond Inc., adjusted net earnings (loss)

US$ in thousands

12 months ended:	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
As Reported
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)
Adjustments
Add: Deferred income tax expense (benefit)¹	127,310)	149,306)	(145,519)	(104,101)	175,204)	24,875)
Add: Increase (decrease) in accrual for severance and related costs	(8,000)	(55,700)	73,400)	—)	—)	—)
Add: Other comprehensive income (loss)	9,586)	9,309)	(6,299)	(10,314)	(1,046)	7,748)
After Adjustment
Adjusted net earnings (loss)	(430,727)	(47,858)	(692,234)	(251,639)	599,016)	717,731)

¹ Deferred income tax expense (benefit). See details »

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Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Adjustments to Financial Statements