Best Buy 2014 Annual Report Download - page 28

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23
Item 6. Selected Financial Data.
The following table presents our selected financial data. The table should be read in conjunction with Item 7, Management's
Discussion and Analysis of Financial Condition and Results of Operations, and Item 8, Financial Statements and
Supplementary Data, of this Annual Report on Form 10-K.
Five-Year Financial Highlights
$ in millions, except per share amounts
12-Month 11-Month 12-Month
Fiscal Year 2014(1) 2013(2)(3) 2012(2)(4) 2011(5) 2010(6)
Consolidated Statements of Earnings Data
Revenue $ 42,410 $ 39,827 $ 45,457 $ 44,432 $ 43,799
Operating income (loss) 1,140 (119) 2,200 2,280 2,274
Net earnings (loss) from continuing operations 689 (467) 1,424 1,465 1,409
Gain (loss) from discontinued operations (166) 47 (1,402) (99) (15)
Net earnings (loss) including noncontrolling interests 523 (420) 22 1,366 1,394
Net earnings (loss) attributable to Best Buy Co., Inc.
shareholders 532 (441) (1,231) 1,277 1,317
Per Share Data
Net earnings (loss) from continuing operations $ 1.98 $ (1.38) $ 3.81 $ 3.53 $ 3.31
Net gain (loss) from discontinued operations (0.45) 0.08 (7.08) (0.45) (0.21)
Net earnings (loss) 1.53 (1.30) (3.27) 3.08 3.10
Cash dividends declared and paid 0.68 0.66 0.62 0.58 0.56
Common stock price:
High 44.66 27.95 33.22 48.83 45.55
Low 13.83 11.20 21.79 30.90 23.97
Operating Statistics
Comparable store sales gain (decline)(7) (0.8)% (3.4)% (1.5)% (2.3)% 0.6%
Gross profit rate 22.8 % 23.3 % 24.2 % 24.6 % 23.7%
Selling, general and administrative expenses rate 19.8 % 20.5 % 19.3 % 19.2 % 18.4%
Operating income (loss) rate 2.7 % (0.3)% 4.8 % 5.1 % 5.2%
Year-End Data
Current ratio(8) 1.4 1.1 1.2 1.2 1.2
Total assets $ 14,013 $ 16,787 $ 16,005 $ 17,849 $ 18,302
Debt, including current portion 1,657 2,296 2,208 1,709 1,802
Total equity 3,989 3,715 4,366 7,292 6,964
Number of stores
Domestic 1,495 1,503 1,447 1,317 1,190
International 473 487 468 399 375
Total 1,968 1,990 1,915 1,716 1,565
Retail square footage (000s)
Domestic 42,051 42,232 43,785 43,660 42,480
International 12,872 13,553 14,353 12,385 11,857
Total 54,923 55,785 58,138 56,045 54,337
(1) Included within operating income (loss) and net earnings (loss) from continuing operations for fiscal 2014 is $159 million ($104 million net of taxes) of
restructuring charges from continuing operations recorded in fiscal 2014 related to measures we took to restructure our business. Net earnings (loss)
attributable to Best Buy Co., Inc. shareholders for fiscal 2014 includes restructuring charges (net of tax and noncontrolling interest) from continuing
operations.