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
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2291,2051,6091,5611,9801,3042,330
Cash and cash equivalents2,2291,2051,2891,5611,9801,2281,865
Short-term investments  320  76465
Receivables1,1491,0569668331,015921915
Inventory, net of allowances, customer advances and progress billings5,1747,5695,2085,1955,4098,1685,016
Inventory5,1747,5695,2085,1955,4098,1685,016
Other current assets305345409425466508510
Total current assets:8,85710,1758,1928,0148,87010,9018,771
Noncurrent Assets
Operating lease, right-of-use asset2,7092,7512,774 
Property, plant and equipment2,3282,3592,3612,3342,5102,5252,432
Intangible assets, net (including goodwill)9849829651,266915921425
Goodwill984982965915915921425
Intangible assets, net (excluding goodwill)   351   
Other noncurrent assets713659686579606653365
Other undisclosed noncurrent assets   2,357   
Total noncurrent assets:6,7346,7516,7866,5364,0314,0993,222
TOTAL ASSETS:15,59116,92614,97814,55012,90115,00011,993
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,6048,3526,1875,8446,7219,1786,469
Accounts payable5,2887,2325,0454,7185,2577,9645,338
Accrued liabilities906769799851982844801
Employee-related liabilities410351343275482349318
Taxes payable     2112
Deferred revenue782445468 
Debt67467267114684647
Deferred rent credit    28  
Asset retirement obligation    14  
Self insurance reserve    69  
Contract with customer, liability409446449438
Other undisclosed current liabilities 257250904167260275
Total current liabilities:8,0609,7267,5767,1717,5139,9337,229
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,3953,4393,4771,1931,3321,280801
Long-term debt, excluding current maturities1,2571,2391,2471,193   
Operating lease, liability2,1382,2002,230 
Other undisclosed long-term debt and lease obligation    1,3321,280801
Liabilities, other than long-term debt657636640669750775777
Contract with customer, liability10   
Other liabilities657636640659750775777
Other undisclosed noncurrent liabilities   2,163   
Total noncurrent liabilities:4,0524,0754,1174,0252,0822,0551,578
Total liabilities:12,11213,80111,69311,1969,59511,9888,807
Stockholders' equity
Stockholders' equity attributable to parent3,4793,1253,2853,3543,3063,0123,186
Common stock26262627272727
Accumulated other comprehensive income295290294289294300296
Retained earnings3,1582,8092,9653,0382,9852,6852,863
Total stockholders' equity:3,4793,1253,2853,3543,3063,0123,186
TOTAL LIABILITIES AND EQUITY:15,59116,92614,97814,55012,90115,00011,993

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

1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
Revenues15,1969,7649,5369,14214,8019,5909,379
Cost of revenue
(Cost of Goods and Services Sold)
(11,961)(7,403)(7,253)(6,973)(11,518)(7,266)(7,150)
Gross profit:3,2352,3612,2832,1693,2832,3242,229
Operating expenses(2,268)(1,966)(1,970)(1,835)(2,305)(2,002)(1,894)
Operating income:967395313334978322335
Nonoperating income
(Investment Income, Nonoperating)
1491014141113
Interest and debt expense(14)(16)(16)(18)(20)(15)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes 1   12 
Income from continuing operations before income taxes:967389307330972330329
Income tax expense(222)(96)(69)(65)(237)(53)(85)
Net income available to common stockholders, diluted:745293238265735277244

Comprehensive Income ($ in millions)

1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
Net income:745293238265735277244
Comprehensive income:745293238265735277244
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5(4)5(5)(6)4(14)
Comprehensive income, net of tax, attributable to parent:750289243260729281230

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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