Best Buy Co., Inc. (BBY) financial statements (2022 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)

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9363,4654,3404,3385,4945,6815,305
Cash and cash equivalents2,9363,4654,3404,2785,4945,1365,305
Short-term investments   60 545 
Receivables1,0421,0168838501,0611,028906
Inventory, net of allowances, customer advances and progress billings5,9658,5536,4175,7215,6127,4594,136
Inventory5,9658,5536,4175,7215,6127,4594,136
Other current assets596486400359373383336
Total current assets:10,53913,52012,04011,26812,54014,55110,683
Noncurrent Assets
Operating lease, right-of-use asset2,6542,6882,6702,5632,6122,6922,770
Property, plant and equipment2,2502,2562,2262,2332,2602,2652,277
Intangible assets, net (including goodwill)1,384986986986986986986
Goodwill1,384986986986986986986
Other noncurrent assets677652657655669708696
Total noncurrent assets:6,9656,5826,5396,4376,5276,6516,729
TOTAL ASSETS:17,50420,10218,57917,70519,06721,20217,412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,59410,0038,4437,8318,67610,5247,759
Accounts payable6,8038,4056,9466,3606,9799,1106,613
Accrued liabilities946895892978972968893
Employee-related liabilities845703605493725446253
Deferred revenue     1,066966
Debt26151241251386701,355
Self insurance reserve80   101  
Other undisclosed current liabilities1,9741,9281,7901,6851,606685 
Total current liabilities:10,67411,94610,3579,64110,52112,94510,080
Noncurrent Liabilities
Long-term debt and lease obligation3,2773,3253,3333,2123,2653,3732,838
Long-term debt, excluding current maturities1,2161,2231,2431,2291,2531,256632
Operating lease, liability2,0612,1022,0901,9832,0122,1172,206
Liabilities, other than long-term debt533553554694694798716
Other liabilities533553554694694798716
Total noncurrent liabilities:3,8103,8783,8873,9063,9594,1713,554
Total liabilities:14,48415,82414,24413,54714,48017,11613,634
Stockholders' equity
Stockholders' equity attributable to parent3,0204,2784,3354,1584,5874,0863,778
Common stock23242525262626
Additional paid in capital   33 13383
Accumulated other comprehensive income329337335338328268256
Retained earnings2,6683,9173,9753,7624,2333,6593,413
Total stockholders' equity:3,0204,2784,3354,1584,5874,0863,778
TOTAL LIABILITIES AND EQUITY:17,50420,10218,57917,70519,06721,20217,412

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

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
Revenues16,36511,91011,84911,63716,93711,8539,910
Cost of revenue
(Cost of Goods and Services Sold)
(13,052)(9,108)(9,039)(8,922)(13,394)(9,058)(7,640)
Gross profit:3,3132,8022,8102,7153,5432,7952,270
Operating expenses(2,510)(2,132)(2,013)(1,946)(2,510)(2,234)(1,702)
Operating income:8036707977691,033561568
Nonoperating income
(Investment Income, Nonoperating)
31331858
Interest and debt expense(6)(7)(6)(6)(9)(11)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes    1  
Income from continuing operations before equity method investments, income taxes:8006647947661,043555561
Income (loss) from equity method investments(2)141   
Income from continuing operations before income taxes:7986657987671,043555561
Income tax expense(172)(166)(64)(172)(227)(164)(129)
Net income available to common stockholders, diluted:626499734595816391432

Comprehensive Income ($ in millions)

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
Net income:626499734595816391432
Comprehensive income:626499734595816391432
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)2(3)10601213
Comprehensive income, net of tax, attributable to parent:618501731605876403445

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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