Best Buy 2007 Annual Report Download - page 105

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$ in millions, except per share amounts
90
Condensed Consolidating Statementsof Earnings
Fiscal Year Ended February 25, 2006
Best Buy
Co., Inc.
Guarantor
Subsidiary
Non-Guarantor
SubsidiariesEliminations Consolidated
Revenue $ 17 $26,323 $30,433 $(25,925) $30,848
Cost of goods sold — 21,666 27,234 (25,778) 23,122
Gross profit 17 4,657 3,199 (147) 7,726
Selling, general and administrative expenses 34 4,428 1,690 (70) 6,082
Operating (loss) income (17) 229 1,509 (77) 1,644
Net interest (expense) income (21) (82) 180 — 77
Equity in earnings (loss) of subsidiaries 1,159 (72) 25 (1,112) —
Earnings before income tax expense 1,121 75 1,714 (1,189) 1,721
Income tax (benefit) expense (49) 50 580 — 581
Netearnings $ 1,170 $ 25 $ 1,134 $ (1,189) $ 1,140