Best Buy 2008 Annual Report Download - page 102
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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Balance Sheets
At March 3, 2007
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Assets
Current Assets
Cash and cash equivalents $ 235 $ 77 $ 893 $ — $ 1,205
Short-term investments 2,582 — 6 — 2,588
Receivables 33 363 152 — 548
Merchandise inventories — 3,465 960 (397) 4,028
Other current assets 20 202 596 (106) 712
Intercompany receivable — — 4,891 (4,891) —
Intercompany note receivable 500 — — (500) —
Total current assets 3,370 4,107 7,498 (5,894) 9,081
Net Property and Equipment 239 1,898 804 (3) 2,938
Goodwill — 6 913 — 919
Tradenames — — 81 — 81
Equity and Other Investments 325 4 9 — 338
Other Assets 84 259 5 (135) 213
Investments in Subsidiaries 6,099 162 1,293 (7,554) —
Total Assets $10,117 $6,436 $10,603 $(13,586) $13,570
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ — $ — $ 3,934 $ — $ 3,934
Unredeemed gift card liabilities — 452 44 — 496
Accrued compensation and related
expenses — 198 134 — 332
Accrued liabilities 7 564 544 (125) 990
Accrued income taxes 484 5 — — 489
Short-term debt — — 41 — 41
Current portion of long-term debt 2 12 5 — 19
Intercompany payable 2,460 2,431 — (4,891) —
Intercompany note payable — 500 — (500) —
Total current liabilities 2,953 4,162 4,702 (5,516) 6,301
Long-Term Liabilities 219 849 102 (727) 443
Long-Term Debt 407 132 51 — 590
Minority Interests — — 35 — 35
Shareholders’ Equity 6,538 1,293 5,713 (7,343) 6,201
Total Liabilities and Shareholders’ Equity $10,117 $6,436 $10,603 $(13,586) $13,570
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