Best Buy 2006 Annual Report Download - page 102
Download and view the complete annual report
Please find page 102 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.-
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
 |
 |
$ in millions, except per share amounts
88
Condensed Consolidating Statements of Earnings
For the FiscalYearEn ded February 28, 2004
Best Buy
Co., Inc.
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Revenue $16 $21,683$23,665$(20,816 ) $ 24,548
Cost of goods sold—17,88820,790(20,001 ) 18,677
Gross profit 16 3,795 2,875 (815) 5,871
Selling, general and administrative expenses 22 3,552 1,354 (361 ) 4,567
Elimination of intercompany indebtedness (198) — 198 — —
Operating (loss) income (204) 2431,719 (454) 1,304
Net interest (expense) income (1)(34)27 — (8)
Equity in earnings (loss) of subsidiaries 1,108 (88) — (1,020 ) —
Earnings from continuing operations before
income tax expense 903 121 1,746 (1,474 ) 1,296
Income tax(benefit) expense (304) 80 720 — 496
Earnings from continuing operations 1,207 41 1,026 (1,474
) 800
Loss from discontinued operations, net of tax — — (29) — (29)
Loss on disposal of discontinued operations,
net of tax (11) — (55) — (66)
Net earnings $1,196 $41$942 $(1,474 ) $ 705