Best Buy 2011 Annual Report Download - page 121
Download and view the complete annual report
Please find page 121 of the 2011 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132
-
133
-
134
-
135
-
136
-
137
-
138
 |
 |
$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Balance Sheets
At February 26, 2011
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Assets
Current Assets
Cash and cash equivalents $ 282 $ 51 $ 770 $ — $ 1,103
Short-term investments 20 — 2 — 22
Receivables 3 738 1,607 — 2,348
Merchandise inventories — 3,973 1,999 (75) 5,897
Other current assets 234 117 752 — 1,103
Intercompany receivable — — 9,300 (9,300) —
Intercompany note receivable 854 — 91 (945) —
Total current assets 1,393 4,879 14,521 (10,320) 10,473
Net Property and Equipment 200 1,803 1,820 — 3,823
Goodwill — 6 2,448 — 2,454
Tradenames, Net — — 133 — 133
Customer Relationships, Net — — 203 — 203
Equity and Other Investments 162 — 166 — 328
Other Assets 181 36 273 (55) 435
Investments in Subsidiaries 14,030 229 2,444 (16,703) —
Total Assets $15,966 $6,953 $22,008 $(27,078) $17,849
Liabilities and Equity
Current Liabilities
Accounts payable $ 361 $ 101 $ 4,432 $ — $ 4,894
Unredeemed gift card liabilities — 404 70 — 474
Accrued compensation and related
expenses — 200 370 — 570
Accrued liabilities 13 625 833 — 1,471
Accrued income taxes 256 — — — 256
Short-term debt — — 557 — 557
Current portion of long-term debt 402 23 16 — 441
Intercompany payable 7,497 1,665 138 (9,300) —
Intercompany note payable 103 500 342 (945) —
Total current liabilities 8,632 3,518 6,758 (10,245) 8,663
Long-Term Liabilities 160 863 447 (287) 1,183
Long-Term Debt 500 128 83 — 711
Equity
Shareholders’ equity 6,674 2,444 14,030 (16,546) 6,602
Noncontrolling interests — — 690 — 690
Total equity 6,674 2,444 14,720 (16,546) 7,292
Total Liabilities and Equity $15,966 $6,953 $22,008 $(27,078) $17,849
121