Best Buy Co., Inc. (BBY) Financial Statements (2023 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)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9365,4942,2291,9803,1333,9213,281
Cash and cash equivalents2,9365,4942,2291,9801,1012,2401,976
Short-term investments    2,0321,6811,305
Receivables1,0421,0611,1491,0151,0491,3471,162
Inventory, net of allowances, customer advances and progress billings5,9655,6125,1745,4095,2094,8645,051
Inventory5,9655,6125,1745,4095,2094,8645,051
Other current assets596373305466438384392
Total current assets:10,53912,5408,8578,8709,82910,5169,886
Noncurrent Assets
Operating lease, right-of-use asset2,6542,6122,709
Property, plant and equipment2,2502,2602,3282,5102,4212,2932,346
Intangible assets, net (including goodwill)1,384986984915425425425
Goodwill1,384986984915425425425
Disposal group, including discontinued operation, noncurrent assets      31
Other noncurrent assets677669713606374622813
Other undisclosed noncurrent assets      18
Total noncurrent assets:6,9656,5276,7344,0313,2203,3403,633
TOTAL ASSETS:17,50419,06715,59112,90113,04913,85613,519
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5948,6766,6046,7216,4356,2335,764
Accounts payable6,8036,9795,2885,2574,8734,9844,450
Accrued liabilities946972906982864865802
Employee-related liabilities845725410482561358384
Taxes payable    13726128
Deferred revenue  782
Debt261386746855152407
Deferred rent credit   28
Asset retirement obligation   14172944
Self insurance reserve80101 69676562
Deferred revenue and credits483451393
Contract with customer, liability446
Other undisclosed current liabilities1,9741,606 167264292255
Total current liabilities:10,67410,5218,0607,5137,8177,1226,925
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2773,2653,3951,3328111,3211,339
Long-term debt, excluding current maturities1,2161,2531,257  1,3211,339
Operating lease, liability2,0612,0122,138
Other undisclosed long-term debt and lease obligation   1,332811  
Liabilities, other than long-term debt533694657750809704877
Other liabilities533694657750809704877
Total noncurrent liabilities:3,8103,9594,0522,0821,6202,0252,216
Total liabilities:14,48414,48012,1129,5959,4379,1479,141
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0204,5873,4793,3063,6124,7094,378
Common stock23262627283132
Accumulated other comprehensive income329328295294314279271
Retained earnings2,6684,2333,1582,9853,2704,3994,130
Other undisclosed stockholders' equity attributable to parent      (55)
Total stockholders' equity:3,0204,5873,4793,3063,6124,7094,378
TOTAL LIABILITIES AND EQUITY:17,50419,06715,59112,90113,04913,85613,519

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues51,76147,26243,63842,87942,15139,40339,528
Revenue, net42,15139,40339,528
Cost of revenue
(Cost of Goods and Services Sold)
(40,121)(36,689)(33,590)(32,918)(32,275)(29,963)(30,334)
Other undisclosed gross profit      (3)
Gross profit:11,64010,57310,0489,9619,8769,4409,191
Operating expenses(8,601)(8,182)(8,039)(8,061)(8,033)(7,586)(7,816)
Operating income:3,0392,3912,0091,9001,8431,8541,375
Nonoperating income
(Investment Income, Nonoperating)
10374749483113
Interest and debt expense(25)(52)(64)(73)(75)(72)(80)
Other undisclosed income from continuing operations before equity method investments, income taxes 1112132
Income from continuing operations before equity method investments, income taxes:3,0242,3771,9931,8881,8171,8161,310
Income from equity method investments4      
Income from continuing operations before income taxes:3,0282,3771,9931,8881,8171,8161,310
Income tax expense(574)(579)(452)(424)(818)(609)(503)
Income from continuing operations:2,4541,7981,5411,4649991,207807
Income from discontinued operations    12190
Net income available to common stockholders, basic:2,4541,7981,5411,4641,0001,228897
Other undisclosed net loss available to common stockholders, diluted    (1) (90)
Net income available to common stockholders, diluted:2,4541,7981,5411,4649991,228807

Comprehensive Income ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income:2,4541,7981,5411,4641,0001,228897
Other comprehensive income      21
Other undisclosed comprehensive income (loss)     8(132)
Comprehensive income:2,4541,7981,5411,4641,0001,236786
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1331(20)35  
Comprehensive income, net of tax, attributable to parent:2,4551,8311,5421,4441,0351,236786

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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