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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
#ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended February 25, 2006
OR
"TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 11--99559955
BEST BUY CO., INC.
(Exact name of registrant as specified in its charter)
MMiinnnneessoottaa4411--00990077448833
State or other jurisdiction of (I.R.S. Employer
incorporation ororganization Identification No.)
77660011PPeennnnAAvveennuueeSSoouutthh5555442233
RRiicchhffiieelldd,,MMiinnnneessoottaa (Zip Code)
(Address of principal executive offices)
Registrant’s telephone number, including area code 612-291-1000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
CCoommmmoonnSSttoocckk,,ppaarrvvaalluuee$$..1100ppeerrsshhaarreeNNeewwYYoorrkkSSttoocckkEExxcchhaannggee
Securities registered pursuant to Section 12(g) of the Act: NNoonnee
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. # Yes " No
Indicate by check mark ifthe registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act. " Yes # No
Indicate by check markwhether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to filesuch
reports), and (2) has been subject to such filing requirements for the past 90days. # Yes " No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K isnot containedherein, and will
not be contained,to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K orany amendment to this Form 10-K. "
Indicate by check markwhether the registrant is a large accelerated filer,an accelerated filer, or a non-accelerated filer. See
definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer# Accelerated filer "Non-accelerated filer "
Indicate by check markwhether the registrant is a shell company (as definedin Rule 12b-2 of the Act) " Yes # No
The aggregate market value of the votingand non-voting common equity held by non-affiliates of the registrant as of
August 26, 2005, was approximately $18.976 billion, computedby reference to the price of $46.01 per share, the price at
which the common equity was last sold on such date as reported on the New York Stock Exchange-Composite Index. (For
purposes of this calculation all ofthe registrant’s directors and executive officersare deemed affiliates of the registrant.)
As of April 24, 2006, the registrant had 485,671,000 shares of its Common Stock issued and outstanding.