BBBY » Topics » 9. LEASES

This excerpt taken from the BBBY 10-K filed May 12, 2009.

10.       LEASES

 

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2041. Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2008, 2007 and 2006), scheduled rent increases and renewal options. The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

 

As of February 28, 2009, future minimum lease payments under non-cancelable operating leases are as follows:

 

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2009

 

$

424,635

 

2010

 

412,947

 

2011

 

381,096

 

2012

 

342,432

 

2013

 

300,122

 

Thereafter

 

1,301,526

 

Total future minimum lease payments

 

$

3,162,758

 

 

Expenses for all operating leases were $405.5 million, $380.5 million and $355.7 million for fiscal 2008, 2007 and 2006, respectively.

 

This excerpt taken from the BBBY 10-K filed Apr 28, 2009.

10.       LEASES

 

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2041. Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2008, 2007 and 2006), scheduled rent increases and renewal options. The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

 

As of February 28, 2009, future minimum lease payments under non-cancelable operating leases are as follows:

 

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2009

 

$

424,635

 

2010

 

412,947

 

2011

 

381,096

 

2012

 

342,432

 

2013

 

300,122

 

Thereafter

 

1,301,526

 

Total future minimum lease payments

 

$

3,162,758

 

 

Expenses for all operating leases were $405.5 million, $380.5 million and $355.7 million for fiscal 2008, 2007 and 2006, respectively.

 

This excerpt taken from the BBBY 10-K filed Apr 30, 2008.

9.              LEASES

 

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2041. Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2007, 2006 and 2005), scheduled rent increases and renewal options. The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

 

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As of March 1, 2008, future minimum lease payments under non-cancelable operating leases are as follows:

 

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2008

 

$

404,197

 

2009

 

401,271

 

2010

 

374,914

 

2011

 

340,924

 

2012

 

301,134

 

Thereafter

 

1,372,926

 

Total future minimum lease payments

 

$

3,195,366

 

 

Expenses for all operating leases were $380.5 million, $355.7 million and $322.0 million for fiscal 2007, 2006 and 2005, respectively.

 

This excerpt taken from the BBBY 10-K filed May 2, 2007.

8.              LEASES

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2042.  Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2006, 2005 and 2004), scheduled rent increases and renewal options.  The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

As of March 3, 2007, future minimum lease payments under noncancelable operating leases are as follows:

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2007

 

$

372,168

 

2008

 

379,091

 

2009

 

364,226

 

2010

 

338,374

 

2011

 

306,524

 

Thereafter

 

1,435,481

 

Total future minimum lease payments

 

$

3,195,864

 

Expenses for all operating leases were $355.7 million, $322.0 million and $288.9 million for fiscal 2006, 2005 and 2004, respectively.

This excerpt taken from the BBBY 10-K filed May 12, 2006.

8.              LEASES

 

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2042. Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2005, 2004 and 2003), scheduled rent increases and renewal options. The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

 

As of February 25, 2006, future minimum lease payments under noncancelable operating leases are as follows:

 

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2006

 

$

340,806

 

2007

 

347,398

 

2008

 

340,131

 

2009

 

322,488

 

2010

 

295,050

 

Thereafter

 

1,421,270

 

Total future minimum lease payments

 

$

3,067,143

 

 

Expenses for all operating leases were $322.0 million, $288.9 million and $251.0 million for fiscal 2005, 2004 and 2003, respectively.

 

38



 

This excerpt taken from the BBBY 10-K filed May 12, 2005.

8.              LEASES

 

The Company leases retail stores, as well as warehouses, office facilities and equipment, under agreements expiring at various dates through 2041.  Certain leases provide for contingent rents (which are based upon store sales exceeding stipulated amounts and are immaterial in fiscal 2004, 2003 and 2002), scheduled rent increases and renewal options.  The Company is obligated under a majority of the leases to pay for taxes, insurance and common area maintenance charges.

 

As of February 26, 2005, future minimum lease payments under noncancelable operating leases are as follows:

 

Fiscal Year

 

Amount

 

 

 

(in thousands)

 

2005

 

$

308,698

 

2006

 

322,034

 

2007

 

316,674

 

2008

 

308,370

 

2009

 

289,813

 

Thereafter

 

1,438,176

 

Total future minimum lease payments

 

$

2,983,765

 

 

Expenses for all operating leases were $288.9 million, $251.0 million and $219.8 million for fiscal 2004, 2003 and 2002, respectively.

 

37



 

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