Best Buy 2011 Annual Report Download - page 128
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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Cash Flows
Fiscal Year Ended February 28, 2009
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash (used in) provided by
operating activities $(1,281) $ 616 $ 2,542 $ — $1,877
Investing Activities
Additions to property and equipment — (641) (662) — (1,303)
Purchases of investments (28) — (53) — (81)
Sales of investments 91 — 155 — 246
Acquisition of businesses, net of cash
acquired — 2 (2,172) — (2,170)
Change in restricted assets — — (97) — (97)
Other, net — (17) (5) — (22)
Total cash provided by (used in) investing
activities 63 (656) (2,834) — (3,427)
Financing Activities
Issuance of common stock under employee
stock purchase plan and for the exercise
of stock options 83 — — — 83
Dividends paid (223) — — — (223)
Repayments of debt (3,249) (19) (1,444) — (4,712)
Proceeds from issuance of debt 3,795 37 1,774 — 5,606
Acquisition of noncontrolling interests — — (146) — (146)
Excess tax benefits from stock-based
compensation 6 — — — 6
Other, net (5) — (18) — (23)
Change in intercompany receivable/payable 790 — (790) — —
Total cash provided by (used in) financing
activities 1,197 18 (624) — 591
Effect of Exchange Rate Changes on
Cash — — 19 — 19
Decrease in Cash and Cash Equivalents (21) (22) (897) — (940)
Cash and Cash Equivalents at Beginning
of Year 171 70 1,197 — 1,438
Cash and Cash Equivalents at End of
Year $ 150 $ 48 $ 300 $ — $ 498
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