Best Buy Co. Inc. (BBY) Financial Statements (2025 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

1/31/2025
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4471,8742,9365,4942,2291,980
Cash and cash equivalent1,4471,8742,9365,4942,2291,980
Receivables9391,1411,0421,0611,1491,015
Inventory, net of allowances, customer advances and progress billings4,9585,1405,9655,6125,1745,409
Inventory4,9585,1405,9655,6125,1745,409
Other current assets553647596373305466
Total current assets:7,8978,80210,53912,5408,8578,870
Noncurrent Assets
Operating lease, right-of-use asset2,7582,7462,6542,6122,709
Property, plant and equipment2,2602,3522,2502,2602,3282,510
Intangible assets, net (including goodwill)1,3831,3831,384986984915
Goodwill1,3831,3831,384986984915
Other noncurrent assets669520677669713606
Total noncurrent assets:7,0707,0016,9656,5276,7344,031
TOTAL ASSETS:14,96715,80317,50419,06715,59112,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,5396,5308,5948,6766,6046,721
Employee-related liabilities845725410482
Accounts payable4,6375,6876,8036,9795,2885,257
Accrued liabilities902843946972906982
Deferred revenue     782
Debt26322613867468
Deferred rent credit      28
Asset retirement obligation      14
Self insurance reserve11111180101 69
Contract with customer, liability446
Other undisclosed current liabilities2,2332,3061,9741,606 167
Total current liabilities:7,9098,97910,67410,5218,0607,513
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1521,1603,2773,2653,3951,332
Long-term debt, excluding current maturities1,1521,1601,2161,2531,257 
Other undisclosed long-term debt and lease obligation      1,332
Liabilities, other than long-term debt2,8532,869533694657750
Other liabilities654705533694657750
Operating lease, liability2,1992,1642,0612,0122,138
Total noncurrent liabilities:4,0054,0293,8103,9594,0522,082
Total liabilities:11,91413,00814,48414,48012,1129,595
Equity
Equity, attributable to parent3,0532,7953,0204,5873,4793,306
Common stock222223262627
Additional paid in capital 3121    
Accumulated other comprehensive income317322329328295294
Retained earnings2,6832,4302,6684,2333,1582,985
Total equity:3,0532,7953,0204,5873,4793,306
TOTAL LIABILITIES AND EQUITY:14,96715,80317,50419,06715,59112,901

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

1/31/2025
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Revenues43,45246,29851,76147,26243,63842,879
Cost of revenue
(Cost of Product and Service Sold)
(33,849)(36,386)(40,121)(36,689)(33,590)(32,918)
Gross profit:9,6039,91211,64010,57310,0489,961
Operating expenses(8,029)(8,117)(8,601)(8,182)(8,039)(8,061)
Other undisclosed operating loss      
Operating income:1,5741,7953,0392,3912,0091,900
Nonoperating income
(Investment Income, Nonoperating)
782810374749
Interest and debt expense (52)(35)(25)(52)(64)(73)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes21  1112
Income from continuing operations before equity method investments, income taxes:1,6211,7883,0242,3771,9931,888
Income from equity method investments114   
Income from continuing operations before income taxes:1,6221,7893,0282,3771,9931,888
Income tax expense(381)(370)(574)(579)(452)(424)
Income from continuing operations:1,2411,4192,4541,7981,5411,464
Income before gain (loss) on sale of properties:2,4541,7981,5411,464
Net income available to common stockholders, diluted:1,2411,4192,4541,7981,5411,464

Comprehensive Income ($ in millions)

1/31/2025
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Net income:1,2411,4192,4541,7981,5411,464
Comprehensive income:1,2411,4192,4541,7981,5411,464
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(7)1331(20)
Comprehensive income, net of tax, attributable to parent:1,2361,4122,4551,8311,5421,444

Statements Sources

The financial statements are based on the Company's filings with 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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