Best Buy Co., Inc. (BBY) financial statements (2021 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)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4942,2291,9803,1333,9213,2813,888
Cash and cash equivalents5,4942,2291,9801,1012,2401,9762,432
Short-term investments   2,0321,6811,3051,456
Receivables1,0611,1491,0151,0491,3471,1621,280
Inventory, net of allowances, customer advances and progress billings5,6125,1745,4095,2094,8645,0515,174
Inventory5,6125,1745,4095,2094,8645,0515,174
Disposal group, including discontinued operation      684
Other current assets373305466438384392703
Total current assets:12,5408,8578,8709,82910,5169,88611,729
Noncurrent Assets
Operating lease, right-of-use asset2,6122,709
Property, plant and equipment2,2602,3282,5102,4212,2932,3462,295
Intangible assets, net (including goodwill)986984915425425425425
Goodwill986984915425425425425
Disposal group, including discontinued operation, noncurrent assets     31167
Other noncurrent assets669713606374622813583
Other undisclosed noncurrent assets     1857
Total noncurrent assets:6,5276,7344,0313,2203,3403,6333,527
TOTAL ASSETS:19,06715,59112,90113,04913,85613,51915,256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,6766,6046,7216,4356,2335,7646,414
Accounts payable6,9795,2885,2574,8734,9844,4505,030
Accrued liabilities972906982864865802782
Employee-related liabilities725410482561358384372
Taxes payable   13726128230
Deferred revenue 782
Debt138674685515240741
Deferred rent credit  28
Asset retirement obligation  1417294426
Disposal group, including discontinued operation      585
Self insurance reserve101 6967656278
Deferred revenue and credits483451393357
Contract with customer, liability446
Other undisclosed current liabilities1,606 167264292255276
Total current liabilities:10,5218,0607,5137,8177,1226,9257,777
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2653,3951,3328111,3211,3391,580
Long-term debt, excluding current maturities1,2531,257  1,3211,339 
Operating lease, liability2,0122,138
Other undisclosed long-term debt and lease obligation  1,332811  1,580
Liabilities, other than long-term debt6946577508097048771,221
Deferred revenue and credits   244
Asset retirement obligations      43
Other liabilities694657750809704877881
Self insurance reserve      53
Other undisclosed noncurrent liabilities      (322)
Total noncurrent liabilities:3,9594,0522,0821,6202,0252,2162,479
Total liabilities:14,48012,1129,5959,4379,1479,14110,256
Stockholders' equity
Stockholders' equity attributable to parent, including:4,5873,4793,3063,6124,7094,3784,995
Common stock26262728313235
Additional paid in capital      437
Accumulated other comprehensive income328295294314279271382
Retained earnings4,2333,1582,9853,2704,3994,1304,141
Other undisclosed stockholders' equity attributable to parent     (55) 
Stockholders' equity attributable to noncontrolling interest      5
Total stockholders' equity:4,5873,4793,3063,6124,7094,3785,000
TOTAL LIABILITIES AND EQUITY:19,06715,59112,90113,04913,85613,51915,256

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues47,26243,63842,87942,15139,40339,52840,352
Revenue, net42,15139,40339,52840,339
Cost of revenue
(Cost of Goods and Services Sold)
(36,689)(33,590)(32,918)(32,275)(29,963)(30,334)(31,292)
Other undisclosed gross profit     (3)(13)
Gross profit:10,57310,0489,9619,8769,4409,1919,047
Operating expenses(8,182)(8,039)(8,061)(8,033)(7,586)(7,816)(7,596)
Other undisclosed operating loss      (1)
Operating income:2,3912,0091,9001,8431,8541,3751,450
Nonoperating income
(Investment Income, Nonoperating)
37474948311314
Interest and debt expense(52)(64)(73)(75)(72)(80)(90)
Other undisclosed income from continuing operations before equity method investments, income taxes111213213
Income from continuing operations before income taxes:2,3771,9931,8881,8171,8161,3101,387
Income tax expense(579)(452)(424)(818)(609)(503)(141)
Income from continuing operations:1,7981,5411,4649991,2078071,246
Income (loss) from discontinued operations   12190(11)
Net income:1,7981,5411,4641,0001,2288971,235
Other undisclosed net loss attributable to parent      (2)
Net income available to common stockholders, basic:1,7981,5411,4641,0001,2288971,233
Other undisclosed net income (loss) available to common stockholders, diluted   (1) (90)13
Net income available to common stockholders, diluted:1,7981,5411,4649991,2288071,246

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income:1,7981,5411,4641,0001,2288971,235
Other comprehensive income     2122
Other undisclosed comprehensive income (loss)    8(132)(132)
Comprehensive income:1,7981,5411,4641,0001,2367861,125
Comprehensive loss, net of tax, attributable to noncontrolling interest      (2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent331(20)35   
Comprehensive income, net of tax, attributable to parent:1,8311,5421,4441,0351,2367861,123

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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