Posted: March 16th, 2022

Best Buy Financial Statement1

FINANCIAL STATEMENT
Best Buy Financial Statement1
Best Buy Financial Statement
Best Buy is a company that sales are comprised of electronic devices. It falls under the
Electronic stores industry, being an electronics store only its competitors are pretty high. Best
Buy competes with Walmart, Target, Radioshack, Amazon, and Skymall to name a few.
Jessica Pascale
6 Sept 2016: 2024 – Do my homework – Help write my assignment online
Instructor: Donald Morrison
Best Buy Financial Statement
BEST BUY FINANCIAL STATEMENT 2
Best Buy is a widely known company for its varieties of electronics and the services it
provides its customers. Best Buy also ranks in the top choices as far as electronic stores go and
chosen more often than its competitors. Ace my homework – Write my paper – Online assignment help tutors – Discussed below will be the income statement, balance
sheet, as well as a ratio analysis. When it comes to investing in a big company such as this there
are so many things that need to be taken in to account and one major thing would be its debt to
income ratio to reassure an investor that they will make a great decision by investing in them.
Best Buy is a company that sales are comprised of electronic devices. It falls under the
Electronic stores industry, being an electronics store only its competitors are pretty high. Best
Buy competes with Walmart, Target, Radioshack, Amazon, and Skymall to name a few. This
company is the leading provider in technology products and services to include their electronic
service department, also known as Geek Squad. A few quick facts about Best Buy are that it
generates nearly $40 billion annually, it has about 1,400 stores nationwide and employs nearly
125,000 people [Bes16].
Ratios and Balance Sheet for Best Buy 2014: 2024 – Essay Writing Service. Custom Essay Services Cheap-2016: 2024 – Do my homework – Help write my assignment online:
Assets
Fiscal year is FebruaryJanuary. All values
USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Cash & Short Term
Investments
1.2B 2.19B 3.21B 4.07B 3.47B
Cash Only 1.2B 1.45B 2.99B 2.62B 2.16B
BEST BUY FINANCIAL STATEMENT 3
Fiscal year is FebruaryJanuary. All values
USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Cash & Short Term
Investments
1.2B 2.19B 3.21B 4.07B 3.47B
Short-Term
Investments
– 343M 223M 1.46B 1.31B
Cash & Short
Term Investments
Growth
– 82.57% 46.60% 26.89% -14.88%
Cash & ST
Investments /
Total Assets
7.49% 13.04% 22.90% 26.69% 25.64%
Total Accounts
Receivable
2.29B 2.7B 1.31B 1.28B 1.16B
Accounts
Receivables, Net
2.29B 2.7B 1.31B 1.28B 1.16B
Accounts
Receivables,
2.29B 2.8B 1.41B 1.34B 1.21B
BEST BUY FINANCIAL STATEMENT 4
Fiscal year is FebruaryJanuary. All values
USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Cash & Short Term
Investments
1.2B 2.19B 3.21B 4.07B 3.47B
Gross
Bad
Debt/Doubtful
Accounts
– (92M) (104M) (59M) (49M)
Other
Receivables
– – – – –
Accounts
Receivable
Growth
– 18.18% -51.63% -2.14% -9.22%
Accounts
Receivable
Turnover
22.16 16.67 32.42 31.51 34.02
Inventories 5.73B 6.57B 5.38B 5.17B 5.05B
BEST BUY FINANCIAL STATEMENT 5
Fiscal year is FebruaryJanuary. All values
USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Cash & Short Term
Investments
1.2B 2.19B 3.21B 4.07B 3.47B
Finished Goods 5.73B 6.57B 5.38B 5.17B 5.05B
Work in Progress – – – – –
Raw Materials – – – – –
Progress
Payments &
Other
– – – – –
Other Current Assets 1.08B 583M 592M 1.2B 207M
Miscellaneous
Current Assets
1.08B 583M 592M 1.2B 207M
Total Current Assets 10.3B 12.05B 10.49B 11.73B 9.89B
BEST BUY FINANCIAL STATEMENT 6
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Net Property, Plant &
Equipment
3.47B 3.27B 2.6B 2.3B 2.35B
Property, Plant &
Equipment –
Gross
8.25B 8.38B 7.58B 7.66B 8.11B
Buildings 775M 756M 758M 611M 613M
Land &
Improvements
– – – – –
Computer
Software and
Equipment
– – – – –
Other
Property, Plant
& Equipment
2.37B 7.51B 6.7B 6.93B 7.22B
Accumulated
Depreciation
4.78B 5.11B 4.98B 5.37B 5.76B
BEST BUY FINANCIAL STATEMENT 7
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Total Investments and
Advances
140M 86M 2M 97M 96M
Other Long-Term
Investments
140M 59M 2M 97M 96M
Long-Term Note
Receivable
– – – – –
Intangible Assets 1.69B 862M 526M 482M 443M
Net Goodwill 1.34B 528M 425M 425M 425M
Net Other
Intangibles
359M 334M 101M 57M 18M
Other Assets 403M 456M 358M 331M 238M
Tangible Other
Assets
403M 368M 358M 331M 238M
BEST BUY FINANCIAL STATEMENT 8
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Total Assets 16.01B 16.79B 14.01B 15.26B 13.52B
Assets – Total –
Growth
– 4.89% -16.52% 8.87% -11.39%
Liabilities & Shareholders’ Equity
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
ST Debt & Current Portion
LT Debt
523M 1.14B 107M 41M 395M
Short Term Debt 480M 596M 62M – –
Current Portion of
Long Term Debt
43M 547M 45M 41M 395M
Accounts Payable 5.36B 6.95B 5.06B 5.03B 4.45B
BEST BUY FINANCIAL STATEMENT 9
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
Accounts Payable
Growth
– 29.59% -27.20% -0.59% -11.53%
Income Tax Payable 288M 129M 147M 230M 128M
Other Current Liabilities 2.68B 2.59B 2.12B 2.48B 1.95B
Dividends Payable – – – – –
Accrued Payroll – 520M 444M 372M 384M
Miscellaneous Current
Liabilities
2.68B 2.07B 1.68B 2.1B 1.57B
Total Current Liabilities 8.86B 10.81B 7.44B 7.78B 6.93B
Long-Term Debt 1.69B 1.15B 1.61B 1.58B 1.34B
BEST BUY FINANCIAL STATEMENT 10
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
Long-Term Debt excl.
Capitalized Leases
1.6B 975M 1.45B 1.5B 1.17B
Non-Convertible
Debt
1.6B 975M 1.45B 1.5B 1.17B
Convertible Debt – – – – –
Capitalized Lease
Obligations
81M 178M 158M 80M 171M
Provision for Risks &
Charges
– 58M 86M 96M 108M
Deferred Taxes – (56M) (23M) (322M) (510M)
Deferred Taxes –
Credit
– 10M 21M – –
Deferred Taxes – Debit – 66M 44M 322M 510M
BEST BUY FINANCIAL STATEMENT 11
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
Other Liabilities 1.1B 1.04B 869M 803M 769M
Other Liabilities (excl.
Deferred Income)
1.1B 690M 587M 608M 630M
Deferred Income – 351M 282M 195M 139M
Total Liabilities 11.64B 13.07B 10.02B 10.26B 9.14B
Non-Equity Reserves – – – – –
Total Liabilities / Total
Assets
72.72% 77.87% 71.53% 67.23% 67.62%
Preferred Stock (Carrying
Value)
– – – – –
Redeemable Preferred
Stock
– – – – –
BEST BUY FINANCIAL STATEMENT 12
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
Non-Redeemable
Preferred Stock
– – – – –
Common Equity (Total) 3.75B 3.06B 3.99B 5B 4.38B
Common Stock
Par/Carry Value
34M 34M 35M 35M 32M
Retained Earnings 3.62B 2.86B 3.16B 4.14B 4.13B
ESOP Debt Guarantee – – – – –
Cumulative Translation
Adjustment/Unrealized
For. Exch. Gain
93M 113M 485M 382M 271M
Unrealized Gain/Loss
Marketable Securities
(3M) (1M) 7M – –
Revaluation Reserves – – – – –
BEST BUY FINANCIAL STATEMENT 13
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online
5-year
trend
Treasury Stock – – – – –
Common Equity / Total
Assets
23.40% 18.23% 28.45% 32.74% 32.38%
Total Shareholders’ Equity 3.75B 3.06B 3.99B 5B 4.38B
Total Shareholders’
Equity / Total Assets
23.40% 18.23% 28.45% 32.74% 32.38%
Accumulated Minority
Interest
621M 654M 3M 5M –
Total Equity 4.37B 3.72B 3.99B 5B 4.38B
Liabilities & Shareholders’
Equity
16.01B 16.79B 14.01B 15.26B 13.52B
Income Statement/ Ratios
BEST BUY FINANCIAL STATEMENT 14
Fiscal year is
February-January. All
values USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Sales/Revenue 50.71B 45.09B 42.41B 40.34B 39.53B
Sales Growth – -11.08% -5.93% -4.88% -2.01%
Cost of Goods Sold
(COGS) incl. D&A
38.11B 34.44B 32.98B 31.29B 30.42B
COGS excluding
D&A
37.17B 33.6B 32.27B 30.64B 29.77B
Depreciation &
Amortization
Expense
945M 832M 716M 656M 657M
Depreciation 897M 794M 701M 656M 657M
Amortization
of
Intangibles
48M 38M 15M – –
BEST BUY FINANCIAL STATEMENT 15
Fiscal year is
February-January. All
values USD millions.
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
COGS Growth – -9.65% -4.21% -5.13% -2.78%
Gross Income 12.59B 10.65B 9.43B 9.05B 9.11B
Gross Income
Growth
– -15.42% -11.49% -4.02% 0.65%
Gross Profit
Margin
– – – – 23.04% NA
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
SG&A Expense 10.24B 9.5B 8.36B 7.6B 7.61B
Research &
Development
– – – – –
Other SG&A 10.24B 9.5B 8.36B 7.6B 7.61B
BEST BUY FINANCIAL STATEMENT 16
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
SGA Growth – -7.22% -12.02% -9.05% 0.07%
Other Operating
Expense
– – – – –
Unusual Expense 1.27B 1.27B (75M) (7M) 122M
EBIT after Unusual
Expense
1.09B (125M) 1.14B 1.45B 1.38B
Non Operating
Income/Expense
55M 18M 20M 13M 2M
Non-Operating Interest
Income
37M 33M 27M 14M 13M
Equity in Affiliates
(Pretax)
– – – – –
Interest Expense 134M 112M 100M 90M 80M
BEST BUY FINANCIAL STATEMENT 17
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Interest Expense
Growth
– -16.42% -10.71% -10.00% -11.11%
Gross Interest
Expense
134M 112M 100M 90M 80M
Interest Capitalized – – – – –
Pretax Income 1.04B (186M) 1.09B 1.39B 1.31B
Pretax Income
Growth
– -117.83% 684.41% 27.60% -5.55%
Pretax Margin – – – – 3.31% NA
Income Tax 709M 231M 398M 141M 503M
Income Tax –
Current Domestic
508M 171M 351M 405M 395M
BEST BUY FINANCIAL STATEMENT 18
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Income Tax –
Current Foreign
173M 79M 64M 33M 60M
Income Tax –
Deferred Domestic
95M 25M (20M) (301M) 75M
Income Tax –
Deferred Foreign
(67M) (44M) 3M 4M (27M)
Income Tax Credits – – – – –
Equity in Affiliates (4M) (4M) – – –
Other After Tax Income
(Expense)
– – – – –
Consolidated Net
Income
330M (421M) 689M 1.25B 807M
Minority Interest
Expense
1.39B 22M 2M – –
BEST BUY FINANCIAL STATEMENT 19
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Net Income (1.06B) (443M) 687M 1.25B 807M
Net Income
Growth
– 58.09% 255.08% 81.37% -35.23%
Net Margin Growth – – – – 2.04% NA
Extraordinaries &
Discontinued
Operations
(174M) 2M (155M) (13M) 90M
Extra Items &
Gain/Loss Sale
Of Assets
– – – 1M 99M
Cumulative
Effect –
Accounting
Chg
– – – – –
Discontinued
Operations
(174M) 2M (155M) (14M) (9M)
BEST BUY FINANCIAL STATEMENT 20
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Net Income After
Extraordinaries
(1.23B) (441M) 532M 1.23B 897M
Preferred Dividends – – – – –
Net Income Available to
Common
(1.23B) (441M) 532M 1.23B 798M
EPS (Basic) (3.36) (1.42) 1.56 3.53 2.30
EPS (Basic)
Growth
– 57.74% 209.86% 125.96% -34.67%
Basic Shares
Outstanding
366.3M 338.6M 342.1M 349.5M 346.5M
EPS (Diluted) (3.36) (1.42) 1.53 3.48 2.28
EPS (Diluted)
Growth
– 57.74% 207.75% 127.73% -34.69%
BEST BUY FINANCIAL STATEMENT 21
2014: 2024 – Essay Writing Service. Custom Essay Services Cheap 2013 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay 2015 – Research Paper Writing Help Service 2016: 2024 – Do my homework – Help write my assignment online 5-year trend
Diluted Shares
Outstanding
366.3M 338.6M 347.6M 353.6M 350.7M
EBITDA 3.3B 1.98B 1.78B 2.1B 2.15B
EBITDA Growth – -39.94% -10.01% 17.86% 2.62%
EBITDA Margin – – – – 5.45% NA
As we can see from the table posted above ( 5 year Financial Statement ) Best Buy has
had a steady decrease in their sales/revenues as well as their gross income. This could be due to
the competitors that it faces such as Walmart and Amazon because of the pricing or availability
to people. Even though we see a slight increase from 2015 – Research Paper Writing Help Service to 2016: 2024 – Do my homework – Help write my assignment online if I were to recommend
anything about Best Buy to a person I would recommend they wait at least another year before
investing to see if the company can come out of its depression it appears to have been going
through or if it will continue to go back down.
BEST BUY FINANCIAL STATEMENT 22
References
Best Buy. (2016: 2024 – Do my homework – Help write my assignment online). Best Buy. Retrieved from Corporate Best Buy:

About Best Buy

Hubert Joly. (2015 – Research Paper Writing Help Service, Mar 31). Fiscal 2015 – Research Paper Writing Help Service Annual Report. Retrieved from Best Buy:

AssignmentTutorOnline

Click to access FY-2015 – Research Paper Writing Help Service-AnnualReport-on-Form-10K.pdf

Last Name, F. M. (Year). Article Title. Journal Title, Pages From – To.
Last Name, F. M. (Year). Book Title. City Name: Publisher Name.
Market Watch, Inc. (2016: 2024 – Do my homework – Help write my assignment online). BBY Annual Balance Sheet. Retrieved from Market Watch:
http://www.marketwatch.com/investing/stock/BBY/financials/balance-sheet
Market Watch, Inc. (2016: 2024 – Do my homework – Help write my assignment online). BBY Annual Income Statement. Retrieved from Market Watch:
http://www.marketwatch.com/investing/stock/BBY/financials
BEST BUY FINANCIAL STATEMENT 23

Order | Check Discount