Best Buy 2015 Annual Report Download - page 64

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Table of Contents
57
Consolidated Statements of Earnings
$ in millions, except per share amounts
12 Months Ended 11 Months
Ended
Fiscal Years Ended January 31,
2015 February 1,
2014 February 2,
2013
Revenue $ 40,339 $ 40,611 $ 38,252
Cost of goods sold 31,292 31,212 29,228
Restructuring charges — cost of goods sold — — 1
Gross profit 9,047 9,399 9,023
Selling, general and administrative expenses 7,592 8,106 7,905
Restructuring charges 5 149 414
Goodwill impairments — — 614
Operating income 1,450 1,144 90
Other income (expense)
Gain on sale of investments 13 20 —
Investment income and other 14 19 13
Interest expense (90)(100)(99)
Earnings from continuing operations before income tax expense 1,387 1,083 4
Income tax expense 141 388 263
Net earnings (loss) from continuing operations 1,246 695 (259)
Loss from discontinued operations (Note 2), net of tax benefit of $0, $31 and $30 (11)(172)(161)
Net earnings (loss) including noncontrolling interests 1,235 523 (420)
Net (earnings) loss from discontinued operations attributable to noncontrolling
interests (2) 9 (21)
Net earnings (loss) attributable to Best Buy Co., Inc. shareholders $ 1,233 $ 532 $ (441)
Basic earnings (loss) per share attributable to Best Buy Co., Inc. shareholders
Continuing operations $ 3.57 $ 2.03 $ (0.76)
Discontinued operations (0.04)(0.47)(0.54)
Basic earnings (loss) per share $ 3.53 $ 1.56 $ (1.30)
Diluted earnings (loss) per share attributable to Best Buy Co., Inc. shareholders
Continuing operations $ 3.53 $ 2.00 $ (0.76)
Discontinued operations (0.04)(0.47)(0.54)
Diluted earnings (loss) per share $ 3.49 $ 1.53 $ (1.30)
Weighted-average common shares outstanding (in millions)
Basic 349.5 342.1 338.6
Diluted 353.6 347.6 338.6
See Notes to Consolidated Financial Statements.