Best Buy 2016 Annual Report Download - page 110

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*Note - percentages may not foot due to rounding
(1) Represents the estimated revenue and estimated revenue growth rate impact from the 53rd week which occurred in
t
he first quarter of FY13.
(2) Represents CRT/LCD litigation settlements reached in each reported period, net of related legal fees and costs.
Best Buy Co., Inc.
Revenue Reconciliation
(Unaudited and subject to reclassification)
The following table reconciles revenue - as reported for the periods presented for continuing operations to revenue - as
adjusted. Additionally, the table recalculates the revenue growth rate - as reported for the periods presented for continuing
operations to the revenue growth rate - as adjusted.
FY11 FY12 FY13 FY14 FY15 FY16
Domestic Segment - Continuing Operations
Domestic segment revenue - as reported $37,245 $36,007 $36,716 $35,831 $36,055 $36,365
Estimated revenue - 53rd week
1
(664)
Domestic segment revenue - as adjusted $37,245 $36,007 $36,052 $35,831 $36,055 $36,365
Revenue % change - as reported (0.2%) (0.6%) (0.8%) (2.4%) 0.6% 0.9%
Estimated revenue % change
impact - 53rd week1
-
-
(1.8%)
1.8%
-
-
Revenue % change - as adjusted (0.2%) (0.6%) (2.6%) (0.6%) 0.6% 0.9%
Best Buy Co., Inc.
Non-GAAP Reconciliation
(Unaudited and subject to reclassification)
The following information provides reconciliations of non-GAAP financial measures to the most comparable financial
measures calculated and presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The
Company has provided non-GAAP financial measures, which are not calculated or presented in accordance with GAAP, as
information supplemental and in addition to the financial measures presented that are calculated and presented in
accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as
an alternative to, and should be considered in conjunction with, the GAAP financial measures presented. The non-GAAP
financial measures may differ from similar measures used by other companies.
The following table reconciles operating income as a percentage of revenue for the periods presented for continuing
operations (GAAP financial measures) to non-GAAP operating income as a percentage of revenue.
FY11 FY12 FY13 FY14 FY15 FY16
Domestic Segment - Continuing Operations
Operating income as a % of revenue 5.8% 5.0% 2.8% 3.2% 4.0% 4.4%
Net CRT/LCD settlements
2
0.0% 0.0% 0.0% (0.6%) 0.0% (0.2%)
Non-restructuring asset impairments - SG&A 0.0% 0.0% 0.1% 0.2% 0.1% 0.2%
Restructuring charges 0.1% 0.1% 0.9% 0.3% 0.0% 0.0%
Non-GAAP operating income
as a % of revenue
5.9%
5.1%
3.8%
3.1%
4.1%
4.3%