Best Buy 2011 Annual Report Download - page 127

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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Cash Flows
Fiscal Year Ended February 27, 2010
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash (used in) provided by
operating activities $(1,351) $ 2,957 $ 600 $ — $ 2,206
Investing Activities
Additions to property and equipment — (165) (450) — (615)
Purchases of investments (16) — — — (16)
Sales of investments 45 — 11 — 56
Acquisition of businesses, net of cash
acquired — (3) (4) — (7)
Change in restricted assets (5) — 23 — 18
Settlement of net investment hedges — — 40 — 40
Other, net — (12) (4) — (16)
Total cash provided by (used in) investing
activities 24 (180) (384) — (540)
Financing Activities
Issuance of common stock under employee
stock purchase plan and for the exercise
of stock options 138 — — — 138
Dividends paid (234) — — — (234)
Repayments of debt (3,035) (27) (2,280) — (5,342)
Proceeds from issuance of debt 2,870 — 2,262 — 5,132
Acquisition of noncontrolling interests — — (34) — (34)
Excess tax benefits from stock-based
compensation 7 — — — 7
Other, net — — (15) — (15)
Change in intercompany receivable/payable 2,601 (2,745) 144 — —
Total cash provided by (used in) financing
activities 2,347 (2,772) 77 — (348)
Effect of Exchange Rate Changes on
Cash — — 10 — 10
Increase in Cash and Cash Equivalents 1,020 5 303 — 1,328
Cash and Cash Equivalents at Beginning
of Year 150 48 300 — 498
Cash and Cash Equivalents at End of
Year $ 1,170 $ 53 $ 603 $ — $ 1,826
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