Best Buy 2012 Annual Report Download - page 67
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67
Consolidated Statements of Changes in Shareholders' Equity
$ and shares in millions
Common
Shares Common
Stock
Additional
Paid-In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income
Total Best
Buy Co., Inc.
Shareholders'
Equity
Non
controlling
Interests Total
Equity
Balances at February 28, 2009 414 $ 41 $ 205 $ 4,714 $ (317) $ 4,643 $ 513 $ 5,156
Net earnings — — — 1,317 — 1,317 77 1,394
Other comprehensive income, net of tax:
Foreign currency translation adjustments — — — — 329 329 76 405
Unrealized gains on available-for-sale securities — — — — 28 28 — 28
Total comprehensive income 1,674 153 1,827
Purchase accounting adjustments — — — — — — (22) (22)
Stock options exercised 4 1 95 — — 96 — 96
Tax loss from stock options, restricted stock and
employee stock purchase plan — — (19) — — (19) — (19)
Issuance of common stock under employee stock
purchase plan 1 — 42 — — 42 — 42
Stock-based compensation — — 118 — — 118 — 118
Common stock dividends, $0.56 per share — — — (234) — (234) — (234)
Balances at February 27, 2010 419 42 441 5,797 40 6,320 644 6,964
Net earnings — — — 1,277 — 1,277 89 1,366
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments — — — — 76 76 (42) 34
Unrealized gains on available-for-sale securities — — — — 58 58 — 58
Cash flow hedging instruments — unrealized
loss — — — — (1) (1) (1) (2)
Total comprehensive income 1,410 46 1,456
Stock options exercised 4 — 134 — — 134 — 134
Vesting of restricted stock 1 — — — — — — —
Tax benefits from stock options, restricted stock
and employee stock purchase plan — — 3 — — 3 — 3
Issuance of common stock under employee stock
purchase plan 1 — 45 — — 45 — 45
Stock-based compensation — — 121 — — 121 — 121
Common stock dividends, $0.58 per share — — — (238) — (238) — (238)
Repurchase of common stock (32) (3) (726) (464) — (1,193) — (1,193)
Balances at February 26, 2011 393 39 18 6,372 173 6,602 690 7,292
Net (loss) earnings — — — (1,231) — (1,231) 1,253 22
Other comprehensive loss, net of tax:
Foreign currency translation adjustments — — — — (9) (9) (12) (21)
Unrealized losses on available-for-sale securities — — — — (26) (26) — (26)
Reclassification adjustment for gain on
available-for-sale securities included in net
earnings — — — — (48) (48) — (48)
Total comprehensive (loss) income (1,314) 1,241 (73)
Payment to noncontrolling interest — — — — — — (1,303) (1,303)
Dividend distribution — — — — — — (7) (7)
Stock options exercised 1 — 27 — — 27 — 27
Tax loss from stock options, restricted stock and
employee stock purchase plan — — (2) — — (2) — (2)
Issuance of common stock under employee stock
purchase plan 2 — 40 — — 40 — 40
Stock-based compensation — — 120 — — 120 — 120
Common stock dividends, $0.62 per share — — — (228) — (228) — (228)
Repurchase of common stock (55) (5) (203) (1,292) — (1,500) — (1,500)
Balances at March 3, 2012 341 $ 34 $ — $ 3,621 $ 90 $ 3,745 $ 621 $ 4,366
See Notes to Consolidated Financial Statements.