Best Buy 2011 Annual Report Download - page 126
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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Cash Flows
Fiscal Year Ended February 26, 2011
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash (used in) provided by
operating activities $ (288) $(171) $ 1,649 $ — $ 1,190
Investing Activities
Additions to property and equipment — (319) (425) — (744)
Purchases of investments (267) — — — (267)
Sales of investments 397 — 18 — 415
Proceeds from sale of business, net of cash
transferred — — 21 — 21
Change in restricted assets — — (2) — (2)
Settlement of net investment hedges — — 12 — 12
Other, net — — (4) — (4)
Total cash provided by (used in) investing
activities 130 (319) (380) — (569)
Financing Activities
Repurchase of common stock (1,193) — — — (1,193)
Issuance of common stock under employee
stock purchase plan and for the exercise
of stock options 179 — — — 179
Dividends paid (237) — — — (237)
Repayments of debt (886) (13) (2,221) — (3,120)
Proceeds from issuance of debt 885 — 2,136 — 3,021
Acquisition of noncontrolling interests — — (21) — (21)
Excess tax benefits from stock-based
compensation 11 — — — 11
Other, net — — 3 — 3
Change in intercompany receivable/payable 511 501 (1,012) — —
Total cash (used in) provided by financing
activities (730) 488 (1,115) — (1,357)
Effect of Exchange Rate Changes on
Cash — — 13 — 13
(Decrease) Increase in Cash and Cash
Equivalents (888) (2) 167 — (723)
Cash and Cash Equivalents at Beginning
of Year 1,170 53 603 — 1,826
Cash and Cash Equivalents at End of
Year $ 282 $ 51 $ 770 $ — $ 1,103
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