Best Buy 2006 Annual Report Download - page 103

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$ in millions, except per share amounts
89
PART II
Condensed Consolidating Statements of Cash Flows
For the Fiscal Year Ended February 25, 2006
Best Buy
Co., Inc.
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries Eliminations Consolidated
Total cash provided by (used in) operating activities $386 $ (117) $ 1,426 $ — $ 1,695
Investing Activities
Additions to property andequipment (14) (494) (140) — (648)
Purchases of available-for-sale securities (4,256)— (63) — (4,319)
Sales of available-for-sale securities 4,183 — 4 — 4,187
Change in restricted assets — — (20) — (20)
Other, net 43(18)21 — 46
Total cash used in investingactivities (44) (512) (198) — (754)
Financing Activities
Repurchase of common stock(772) — — —(772)
Issuance of common stock under employee stock
purchase plan and for the exercise of stock options 292— —— 292
Dividends paid(151) — — —(151)
Long-term debt payments (8) (59) (2) —(69)
Net proceeds from issuance of long-term debt—36 — —36
Excess tax benefits from stock-based compensation 33 — —— 33
Other, net — — (10) — (10)
Change in intercompany receivable/payable 215669 (884) — —
Total cash (used in) provided by financing
activities (391) 646 (896) — (641)
Effect of Exchange Rate Changes on Cash — — 27 — 27
(Decrease) Increase in Cash and Cash Equivalents (49)17359 —327
Cash and Cash Equivalents at Beginning of Year 5962 233 — 354
Cash and Cash Equivalents at Endof Year $ 10 $79 $ 592 $ — $ 681