Best Buy 2005 Annual Report Download - page 74
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Consolidated Balance Sheets
$ in millions, except per share amounts
February 26, February 28,
Assets 2005 2004
Current Assets
Cash and cash equivalents $ 470 $ 245
Short-term investments 2,878 2,355
Receivables 375 343
Merchandise inventories 2,851 2,607
Other current assets 329 174
Total current assets 6,903 5,724
Property and Equipment
Land and buildings 506 484
Leasehold improvements 1,139 861
Fixtures and equipment 2,458 2,151
Property under master and capital lease 89 78
4,192 3,574
Less accumulated depreciation 1,728 1,330
Net property and equipment 2,464 2,244
Goodwill 513 477
Tradename 40 37
Long-Term Investments 148 —
Other Assets 226 170
Total Assets $10,294 $8,652
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ 2,824 $2,460
Unredeemed gift card liabilities 410 300
Accrued compensation and related expenses 234 269
Accrued liabilities 844 724
Accrued income taxes 575 380
Current portion of long-term debt 72 368
Total current liabilities 4,959 4,501
Long-Term Liabilities 358 247
Long-Term Debt 528 482
Shareholders’ Equity
Preferred stock, $1.00 par value: Authorized — 400,000 shares; Issued and
outstanding — none ——
Common stock, $.10 par value: Authorized — 1 billion shares; Issued and outstanding
— 328,342,000 and 324,648,000 shares, respectively 33 32
Additional paid-in capital 952 836
Retained earnings 3,315 2,468
Accumulated other comprehensive income 149 86
Total shareholders’ equity 4,449 3,422
Total Liabilities and Shareholders’ Equity $10,294 $8,652
See Notes to Consolidated Financial Statements.
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