Bed Bath & Beyond Results Presentation Deck
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Q4 BUSINESS & FINANCIAL RESULTS
maintained positive net cash position and strong liquidity
Positive net cash position of $0.2bn, with $1.4bn cash & cash
equivalents balance, less $1.2bn in bond debt
Strong total liquidity2 position of $2.1bn
Prior actions to reduce gross debt¹ balance:
Reduction in operating and finance lease liabilities
(~$0.5bn) in Q3 from non-core banner divestitures and
store closures
Reduction in debt (~$0.5bn) in Q2 from bond tender offers,
revolver/ABL borrowings
(1)
BED BATH & BEYOND (2)
FY20 Q4-positive net cash position
$1.4bn
FY20 Q4
Cash Balance
Senior Notes
$1.2bn
FY20 Q4
Gross Debt
Balance ex
Op Leases¹
$0.2bn
Gross Debt includes bonds, borrowings under the Company's asset-based revolving credit facility and operating and finance lease liabilities
Total Liquidity includes cash & investments and the Company's asset-based revolving credit facility.
FY20 Q4
Net Cash
Balance
Cash & Investments
ABL
$2.1bn
$0.7bn
$1.4bn
FY20 Q4
Total
Liquidity²
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