Best Buy Co., Inc. (BBY) financial statements (2020 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)
| 1/31/2020 | 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 investments | 2,229 | 1,980 | 3,133 | 3,921 | 3,281 | 3,888 | 2,901 | ||
| Cash and cash equivalents | 2,229 | 1,980 | 1,101 | 2,240 | 1,976 | 2,432 | 2,678 | ||
| Short-term investments | 2,032 | 1,681 | 1,305 | 1,456 | 223 | ||||
| Receivables | 1,149 | 1,015 | 1,049 | 1,347 | 1,162 | 1,280 | 1,308 | ||
| Inventory, net of allowances, customer advances and progress billings | 5,174 | 5,409 | 5,209 | 4,864 | 5,051 | 5,174 | 5,376 | ||
| Inventory | 5,174 | 5,409 | 5,209 | 4,864 | 5,051 | 5,174 | 5,376 | ||
| Disposal group, including discontinued operation | 684 | ||||||||
| Other current assets | 305 | 466 | 438 | 384 | 392 | 703 | 900 | ||
| Total current assets: | 8,857 | 8,870 | 9,829 | 10,516 | 9,886 | 11,729 | 10,485 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,709 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,328 | 2,510 | 2,421 | 2,293 | 2,346 | 2,295 | 2,598 | ||
| Intangible assets, net (including goodwill) | 984 | 915 | 425 | 425 | 425 | 425 | 526 | ||
| Goodwill | 984 | 915 | 425 | 425 | 425 | 425 | 425 | ||
| Intangible assets, net (excluding goodwill) | 101 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 31 | 167 | ✕ | ||||||
| Other noncurrent assets | 713 | 606 | 374 | 622 | 813 | 583 | 404 | ||
| Other undisclosed noncurrent assets | 18 | 57 | |||||||
| Total noncurrent assets: | 6,734 | 4,031 | 3,220 | 3,340 | 3,633 | 3,527 | 3,528 | ||
| TOTAL ASSETS: | 15,591 | 12,901 | 13,049 | 13,856 | 13,519 | 15,256 | 14,013 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,604 | 6,721 | 6,435 | 6,233 | 5,764 | 6,414 | 6,586 | ||
| Accounts payable | 5,288 | 5,257 | 4,873 | 4,984 | 4,450 | 5,030 | 5,122 | ||
| Accrued liabilities | 906 | 982 | 864 | 865 | 802 | 782 | 873 | ||
| Employee-related liabilities | 410 | 482 | 561 | 358 | 384 | 372 | 444 | ||
| Taxes payable | 137 | 26 | 128 | 230 | 147 | ||||
| Deferred revenue | 782 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 674 | 68 | 551 | 52 | 407 | 41 | 107 | ||
| Deferred rent credit | 28 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Asset retirement obligation | 14 | 17 | 29 | 44 | 26 | 33 | |||
| Disposal group, including discontinued operation | 585 | ||||||||
| Self insurance reserve | 69 | 67 | 65 | 62 | 78 | 88 | |||
| Deferred revenue and credits | ✕ | ✕ | 483 | 451 | 393 | 357 | 435 | ||
| Contract with customer, liability | ✕ | 446 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 167 | 264 | 292 | 255 | 276 | 187 | |||
| Total current liabilities: | 8,060 | 7,513 | 7,817 | 7,122 | 6,925 | 7,777 | 7,436 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,395 | 1,332 | 811 | 1,321 | 1,339 | 1,580 | 1,612 | ||
| Long-term debt, excluding current maturities | 1,257 | 1,321 | 1,339 | ||||||
| Operating lease, liability | 2,138 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 1,332 | 811 | 1,580 | 1,612 | |||||
| Liabilities, other than long-term debt | 657 | 750 | 809 | 704 | 877 | 1,221 | 1,417 | ||
| Deferred revenue and credits | ✕ | ✕ | 244 | 282 | |||||
| Asset retirement obligations | 43 | 86 | |||||||
| Deferred tax liabilities, net | ✕ | 21 | |||||||
| Other liabilities | 657 | 750 | 809 | 704 | 877 | 881 | 976 | ||
| Self insurance reserve | 53 | 52 | |||||||
| Other undisclosed noncurrent liabilities | (322) | (441) | |||||||
| Total noncurrent liabilities: | 4,052 | 2,082 | 1,620 | 2,025 | 2,216 | 2,479 | 2,588 | ||
| Total liabilities: | 12,112 | 9,595 | 9,437 | 9,147 | 9,141 | 10,256 | 10,024 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,479 | 3,306 | 3,612 | 4,709 | 4,378 | 4,995 | 3,986 | ||
| Common stock | 26 | 27 | 28 | 31 | 32 | 35 | 35 | ||
| Additional paid in capital | 437 | 300 | |||||||
| Accumulated other comprehensive income | 295 | 294 | 314 | 279 | 271 | 382 | 492 | ||
| Retained earnings | 3,158 | 2,985 | 3,270 | 4,399 | 4,130 | 4,141 | 3,159 | ||
| Other undisclosed stockholders' equity attributable to parent | (55) | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 5 | 3 | |||||||
| Total stockholders' equity: | 3,479 | 3,306 | 3,612 | 4,709 | 4,378 | 5,000 | 3,989 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,591 | 12,901 | 13,049 | 13,856 | 13,519 | 15,256 | 14,013 | ||
Income statement (P&L) ($ in millions)
| 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | 1/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 43,638 | 42,879 | 42,151 | 39,403 | 39,528 | 40,352 | 42,410 | |
| Revenue, net | ✕ | ✕ | 42,151 | 39,403 | 39,528 | 40,339 | 42,410 | |
| Cost of revenue (Cost of Goods and Services Sold) | (33,590) | (32,918) | (32,275) | (29,963) | (30,334) | (31,292) | (32,720) | |
| Other undisclosed gross profit | (3) | (13) | ||||||
| Gross profit: | 10,048 | 9,961 | 9,876 | 9,440 | 9,191 | 9,047 | 9,690 | |
| Operating expenses | (8,039) | (8,061) | (8,033) | (7,586) | (7,816) | (7,596) | (8,712) | |
| Other undisclosed operating income (loss) | (1) | 162 | ||||||
| Operating income: | 2,009 | 1,900 | 1,843 | 1,854 | 1,375 | 1,450 | 1,140 | |
| Nonoperating income (Investment Income, Nonoperating) | 47 | 49 | 48 | 31 | 13 | 14 | 27 | |
| Interest and debt expense | (64) | (73) | (75) | (72) | (80) | (90) | (100) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | 12 | 1 | 3 | 2 | 13 | 20 | |
| Income from continuing operations before income taxes: | 1,993 | 1,888 | 1,817 | 1,816 | 1,310 | 1,387 | 1,087 | |
| Income tax expense | (452) | (424) | (818) | (609) | (503) | (141) | (398) | |
| Income from continuing operations: | 1,541 | 1,464 | 999 | 1,207 | 807 | 1,246 | 689 | |
| Income (loss) from discontinued operations | 1 | 21 | 90 | (11) | (166) | |||
| Net income: | 1,541 | 1,464 | 1,000 | 1,228 | 897 | 1,235 | 523 | |
| Other undisclosed net income (loss) attributable to parent | (2) | 9 | ||||||
| Net income available to common stockholders, basic: | 1,541 | 1,464 | 1,000 | 1,228 | 897 | 1,233 | 532 | |
| Other undisclosed net income (loss) available to common stockholders, diluted | (1) | (90) | 13 | 155 | ||||
| Net income available to common stockholders, diluted: | 1,541 | 1,464 | 999 | 1,228 | 807 | 1,246 | 687 | |
Comprehensive Income ($ in millions)
| 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | 1/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,541 | 1,464 | 1,000 | 1,228 | 897 | 1,235 | 523 | |
| Other comprehensive income | 21 | 22 | ||||||
| Other undisclosed comprehensive income (loss) | 8 | (132) | (132) | 515 | ||||
| Comprehensive income: | 1,541 | 1,464 | 1,000 | 1,236 | 786 | 1,125 | 1,038 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | 126 | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (20) | 35 | (252) | ||||
| Comprehensive income, net of tax, attributable to parent: | 1,542 | 1,444 | 1,035 | 1,236 | 786 | 1,123 | 912 | |
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.