Best Buy 2003 Annual Report Download - page 29

Condensed Consolidating Balance Sheets
As of March 2, 2002
$ in millions
Best Buy
Co., Inc. Guarantor Subsidiary Non−Guarantor Subsidiaries Eliminations Consolidated
Assets
Current Assets
Cash and cash equivalents $ 1,823 $ 29 $ 9 $ — $ 1,861
Receivables 196 11 16 (2) 221
Recoverable costs from developed properties 79 — — — 79
Merchandise inventories — 1,710 167 (2) 1,875
Other current assets 215 6 9 (114) 116
Current assets of discontinued operations — — 448 — 448
Intercompany receivable 1,327 — — (1,327) —
Intercompany note receivable 500 — — (500) —
Total current assets 4,140 1,756 649 (1,945) 4,600
Net Property and Equipment 558 953 150 — 1,661
Goodwill, Net — — 465 — 465
Other Assets 66 14 — — 80
Noncurrent Assets of Discontinued Operations — — 561 561
Investments in Subsidiaries 1,044 — — (1,044) —
Total Assets $ 5,808 $ 2,723 $ 1,825 $ (2,989) $ 7,367
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ 2,040 $ — $ 164 $ (2) $ 2,202
Accrued compensation and related expenses 81 71 22 — 174
Accrued liabilities 168 374 73 (2) 613
Accrued income taxes — 276 129 (114) 291
Current portion of long−term debt 2 — 5 — 7
Current liabilities of discontinued operations — — 418 — 418
Intercompany payable — 429 898 (1,327) —
Intercompany note payable — 500 — (500) —
Total current liabilities 2,291 1,650 1,709 (1,945) 3,705
Long−Term Liabilities 235 69 8 — 312
Long−Term Debt 761 39 8 — 808
Noncurrent Liabilities of Discontinued
Operations — — 21 — 21
Shareholders’ Equity 2,521 965 79 (1,044) 2,521
Total Liabilities and Shareholders’ Equity $ 5,808 $ 2,723 $ 1,825 $ (2,989) $ 7,367
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