Best Buy 2012 Annual Report Download - page 64

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64
Consolidated Balance Sheets
$ in millions, except per share and share amounts
March 3,
2012 February 26,
2011
Assets
Current Assets
Cash and cash equivalents $ 1,199 $ 1,103
Short-term investments — 22
Receivables 2,288 2,348
Merchandise inventories 5,731 5,897
Other current assets 1,079 1,103
Total current assets 10,297 10,473
Property and Equipment
Land and buildings 775 766
Leasehold improvements 2,367 2,318
Fixtures and equipment 4,981 4,701
Property under capital lease 129 120
8,252 7,905
Less accumulated depreciation 4,781 4,082
Net property and equipment 3,471 3,823
Goodwill 1,335 2,454
Tradenames, Net 130 133
Customer Relationships, Net 229 203
Equity and Other Investments 140 328
Other Assets 403 435
Total Assets $ 16,005 $ 17,849
Liabilities and Equity
Current Liabilities
Accounts payable $ 5,364 $ 4,894
Unredeemed gift card liabilities 456 474
Accrued compensation and related expenses 539 570
Accrued liabilities 1,685 1,471
Accrued income taxes 288 256
Short-term debt 480 557
Current portion of long-term debt 43 441
Total current liabilities 8,855 8,663
Long-Term Liabilities 1,099 1,183
Long-Term Debt 1,685 711
Contingencies and Commitments (Note 15)
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 —
341,400,000 and 392,590,000 shares, respectively 34 39
Additional paid-in capital — 18
Retained earnings 3,621 6,372
Accumulated other comprehensive income 90 173
Total Best Buy Co., Inc. shareholders' equity 3,745 6,602
Noncontrolling interests 621 690
Total equity 4,366 7,292
Total Liabilities and Equity $ 16,005 $ 17,849
See Notes to Consolidated Financial Statements.