Best Buy 1999 Annual Report Download - page 31

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F I S CAL 1999 B E S T B U Y ANNU AL R E POR T
29
CONS OL I DAT E D B AL ANCE S HE E T S
$ in thousands, except per share amounts
E B E B
S S E T S 1999 1998
Current Assets
Cash and cash equivalents $ 785,777 $ 520,1 2 7
Receivables 132,401 95 ,702
Recoverable costs from developed properties 73,956 8,215
Merchandise inventories 1,046,3 66 1,060,7 88
Other current assets 24,591 25,445
Total current assets 2,063,0 91 1,710,2 77
Property and Equipment
Land and buildings 23,158 19,977
Leasehold improvements 174,495 160,202
Furniture, fixtures and equipment 505,232 372,314
Property under capital leases 29,079 29,079
731,964 581,572
Less accumulated depreciation and amortization 308,324 248,648
Net property and equipment 423,640 332,924
Other Assets 25,762 13,145
Total Assets $ 2,512,4 93 $ 2,0 5 6 ,346
I A B I L I T I E S A N D E B E B
H A R E H OL D E R S QU I T Y 1999 1998
Current Liabilities
Accounts payable $ 1,011,7 46 $ 762,652
Accrued compensation and related expenses 86,6 6 7 48,7 7 2
Accrued liabilities 211,555 182,719
Income taxes payable 46,851 24,608
Current portion of long-term debt 30,088 14,925
Total current liabilities 1,3 8 6 ,907 1,033,6 7 6
Long-Term Liabilities 30,943 24,673
Long-Term Debt 30,509 210,397
Convertible Preferred Securities of Subsidiary –– 229,854
Shareholders’ Equity
Preferred stock, $ 1.00 par value:
Authorized - 4 0 0 ,000 shares;
Issued and outstanding - none – – – –
Common stock, $.1 0 par value:
Authorized - 4 0 0 ,000,000 shares;
Issued and outstanding 203,6 21,000
and 178,5 0 4 ,000 shares, respectively 10,181 4,463
Additional paid-in capital 542,377 266,144
Retained earnings 511,576 287,139
Total shareholders’ equity 1,064,1 34 557,7 4 6
Total Liabilities and Shareholders’ Equity $ 2,5 12,493 $ 2,0 5 6,346
See notes to consolidated financial statements.