Best Buy 2006 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2006 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

financial highlights
(U.S. dollars in millions, except per share and per retail square foot amounts) FFiissccaall 22000066Fiscal 2005 Fiscal 2004
Revenue $$3300,,884488$27,433 $24,548
Comparable store sales gain 44..99%%4.3% 7.1%
Gross profit rate 2255..00%%23.7% 23.9%
SG&A expense rate 1199..77%%18.4% 18.6%
Operating income rate 55..33%%5.3% 5.3%
Earnings from continuing operations $$11,,114400 $ 934 $ 800
Net earnings $$11,,114400 $ 984 $ 705
Diluted earnings per share—continuing operations $$22..2277 $ 1.86 $ 1.61
Diluted earnings per share $$22..2277 $ 1.96 $ 1.42
Cash, cash equivalents and short-term investments $$33,,773322 $ 3,348 $ 2,600
Debt-to-capitalization ratio(1) 1100%%12% 20%
Cash dividends per share declared and paid $$00..3311 $ 0.28 $ 0.27
Value of common stock repurchased $$777722 $ 200 $ 100
Total retail square footage (in thousands)(2) 3344,,335599 31,593 29,439
Revenue per retail square foot(3) $$994411$ 905 $ 879
Number of stores(3)
U.S. Best Buy stores 774422 668 608
Magnolia Audio Video stores 2200 20 22
Future Shop stores 111188 114 108
Canadian Best Buy stores 4444 30 19
(1) Represents total debt (including current portion of long-term debt) divided by total capitalization (total debt + total shareholders’ equity)
(2) At period end
(3) Represents revenue divided by weighted average retail square footage
Best Buy 2006 Annual Report
8
8
FY 06FY 05FY 04
21.7%
20.0%
18.7%
(from continuing operations)
Return on Invested Capital
We boosted ROIC by improving the
productivity of existing stores and cutting
new store opening costs.
Total Shareholder Return
Cumulative total return among Best Buy Co., Inc.; the S&P Retailing Group; and the S&P 500 Index
S&P Retailing Group
Best Buy Co., Inc. S&P 500
FY06FY05FY04FY03FY02FY01
$310.09
$100.00
$149.75
$112.38
Our five-year total shareholder return, including stock price appreciation and dividends, continued to outperform the
S&P 500 and its index of retailers.
Source: Research Data Group