Best Buy 2011 Annual Report Download - page 70
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Consolidated Balance Sheets
$ in millions, except per share and share amounts
February 26, February 27,
2011 2010
Assets
Current Assets
Cash and cash equivalents $ 1,103 $ 1,826
Short-term investments 22 90
Receivables 2,348 2,020
Merchandise inventories 5,897 5,486
Other current assets 1,103 1,144
Total current assets 10,473 10,566
Property and Equipment
Land and buildings 766 757
Leasehold improvements 2,318 2,154
Fixtures and equipment 4,701 4,447
Property under capital lease 120 95
7,905 7,453
Less accumulated depreciation 4,082 3,383
Net property and equipment 3,823 4,070
Goodwill 2,454 2,452
Tradenames, Net 133 159
Customer Relationships, Net 203 279
Equity and Other Investments 328 324
Other Assets 435 452
Total Assets $17,849 $18,302
Liabilities and Equity
Current Liabilities
Accounts payable $ 4,894 $ 5,276
Unredeemed gift card liabilities 474 463
Accrued compensation and related expenses 570 544
Accrued liabilities 1,471 1,681
Accrued income taxes 256 316
Short-term debt 557 663
Current portion of long-term debt 441 35
Total current liabilities 8,663 8,978
Long-Term Liabilities 1,183 1,256
Long-Term Debt 711 1,104
Contingencies and Commitments (Note 13)
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 — 392,590,000 and 418,815,000 shares, respectively 39 42
Additional paid-in capital 18 441
Retained earnings 6,372 5,797
Accumulated other comprehensive income 173 40
Total Best Buy Co., Inc. shareholders’ equity 6,602 6,320
Noncontrolling interests 690 644
Total equity 7,292 6,964
Total Liabilities and Equity $17,849 $18,302
See Notes to Consolidated Financial Statements.
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