Best Buy 2016 Annual Report Download - page 63
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55
Consolidated Balance Sheets
$ in millions, except per share and share amounts
January 30, 2016 January 31, 2015
Assets
Current Assets
Cash and cash equivalents $ 1,976 $ 2,432
Short-term investments 1,305 1,456
Receivables, net 1,162 1,280
Merchandise inventories 5,051 5,174
Other current assets 392 449
Current assets held for sale — 681
Total current assets 9,886 11,472
Property and Equipment
Land and buildings 613 611
Leasehold improvements 2,220 2,201
Fixtures and equipment 5,002 4,729
Property under capital and financing leases 272 119
8,107 7,660
Less accumulated depreciation 5,761 5,365
Net property and equipment 2,346 2,295
Goodwill 425 425
Intangibles, Net 18 57
Other Assets 813 829
Non-current assets held for sale 31 167
Total Assets $ 13,519 $ 15,245
Liabilities and Equity
Current Liabilities
Accounts payable $ 4,450 $ 5,030
Unredeemed gift card liabilities 409 411
Deferred revenue 357 326
Accrued compensation and related expenses 384 372
Accrued liabilities 802 782
Accrued income taxes 128 230
Current portion of long-term debt 395 41
Current liabilities held for sale — 585
Total current liabilities 6,925 7,777
Long-Term Liabilities 877 881
Long-Term Debt 1,339 1,572
Contingencies and Commitments (Note 12)
Long-Term Liabilities held for sale —15
Equity
Best Buy Co., Inc. Shareholders' Equity
Preferred stock, $1.00 par value: Authorized — 400,000 shares; Issued and outstanding — none — —
Common stock, $0.10 par value: Authorized — 1.0 billion shares; Issued and outstanding —
323,779,000 and 351,468,000 shares, respectively 32 35
Prepaid share repurchase (55) —
Additional paid-in capital — 437
Retained earnings 4,130 4,141
Accumulated other comprehensive income 271 382
Total Best Buy Co., Inc. shareholders' equity 4,378 4,995
Noncontrolling interests —5
Total equity 4,378 5,000
Total Liabilities and Equity $ 13,519 $ 15,245
See Notes to Consolidated Financial Statements.