Best Buy Co., Inc. (BBY) financial statements (2019 and earlier)

Company profile

Business Address 7601 PENN AVE SOUTH
RICHFIELD, MN 55423
State of Incorp. MN
Fiscal Year End January 31
SIC 5731 - Radio, Television, and Consumer Electronics Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

7/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6091,9803,1333,9213,2813,8882,901
Cash and cash equivalents1,2891,9801,1012,2401,9762,4322,678
Short-term investments320 2,0321,6811,3051,456223
Receivables9661,0151,0491,3471,1621,2801,308
Inventory, net of allowances, customer advances and progress billings5,2085,4095,2094,8645,0515,1745,376
Inventory5,2085,4095,2094,8645,0515,1745,376
Disposal group, including discontinued operation     684 
Other current assets409466438384392703900
Total current assets:8,1928,8709,82910,5169,88611,72910,485
Noncurrent Assets
Operating lease, right-of-use asset2,774
Property, plant and equipment2,3612,5102,4212,2932,3462,2952,598
Intangible assets, net (including goodwill)965915425425425425526
Goodwill965915425425425425425
Intangible assets, net (excluding goodwill)      101
Disposal group, including discontinued operation, noncurrent assets    31167
Other noncurrent assets686606374622813583404
Other undisclosed noncurrent assets    1857 
Total noncurrent assets:6,7864,0313,2203,3403,6333,5273,528
TOTAL ASSETS:14,97812,90113,04913,85613,51915,25614,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,1876,7216,4356,2335,7646,4146,586
Accounts payable5,0455,2574,8734,9844,4505,0305,122
Accrued liabilities799982864865802782873
Employee-related liabilities343482561358384372444
Taxes payable  13726128230147
Deferred revenue468
Debt671685515240741107
Deferred rent credit 28
Asset retirement obligation 141729442633
Disposal group, including discontinued operation     585 
Self insurance reserve 696765627888
Deferred revenue and credits483451393357435
Contract with customer, liability446
Other undisclosed current liabilities250167264292255276187
Total current liabilities:7,5767,5137,8177,1226,9257,7777,436
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,4771,3328111,3211,3391,5801,612
Long-term debt, excluding current maturities1,247  1,3211,339  
Operating lease, liability2,230
Other undisclosed long-term debt and lease obligation 1,332811  1,5801,612
Liabilities, other than long-term debt6407508097048771,2211,417
Deferred revenue and credits   244282
Asset retirement obligations     4386
Deferred tax liabilities, net     21
Other liabilities640750809704877881976
Self insurance reserve     5352
Other undisclosed noncurrent liabilities     (322)(441)
Total noncurrent liabilities:4,1172,0821,6202,0252,2162,4792,588
Total liabilities:11,6939,5959,4379,1479,14110,25610,024
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2853,3063,6124,7094,3784,9953,986
Common stock26272831323535
Additional paid in capital     437300
Accumulated other comprehensive income294294314279271382492
Retained earnings2,9652,9853,2704,3994,1304,1413,159
Other undisclosed stockholders' equity attributable to parent    (55)  
Stockholders' equity attributable to noncontrolling interest     53
Total stockholders' equity:3,2853,3063,6124,7094,3785,0003,989
TOTAL LIABILITIES AND EQUITY:14,97812,90113,04913,85613,51915,25614,013

Income statement (P&L) ($ in millions)

7/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues43,06942,87942,15139,40339,52840,35242,410
Revenue, net42,15139,40339,52840,33942,410
Cost of revenue
(Cost of Goods and Services Sold)
(33,010)(32,918)(32,275)(29,963)(30,334)(31,292)(32,720)
Other undisclosed gross profit    (3)(13) 
Gross profit:10,0599,9619,8769,4409,1919,0479,690
Operating expenses(8,112)(8,061)(8,033)(7,586)(7,816)(7,596)(8,712)
Other undisclosed operating income (loss)     (1)162
Operating income:1,9471,9001,8431,8541,3751,4501,140
Nonoperating income
(Investment Income, Nonoperating)
49494831131427
Interest and debt expense(69)(73)(75)(72)(80)(90)(100)
Other undisclosed income from continuing operations before equity method investments, income taxes12121321320
Income from continuing operations before income taxes:1,9391,8881,8171,8161,3101,3871,087
Income tax expense(424)(424)(818)(609)(503)(141)(398)
Income from continuing operations:1,5151,4649991,2078071,246689
Income (loss) from discontinued operations  12190(11)(166)
Net income:1,5151,4641,0001,2288971,235523
Other undisclosed net income (loss) attributable to parent     (2)9
Net income available to common stockholders, basic:1,5151,4641,0001,2288971,233532
Other undisclosed net income (loss) available to common stockholders, diluted  (1) (90)13155
Net income available to common stockholders, diluted:1,5151,4649991,2288071,246687

Comprehensive Income ($ in millions)

7/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income:1,5151,4641,0001,2288971,235523
Other comprehensive income    2122 
Other undisclosed comprehensive income (loss)   8(132)(132)515
Comprehensive income:1,5151,4641,0001,2367861,1251,038
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (2)126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(20)35   (252)
Comprehensive income, net of tax, attributable to parent:1,5131,4441,0351,2367861,123912

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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