Best Buy 2003 Annual Report Download - page 34

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Condensed Consolidating Statements of Cash Flows
For the Fiscal Year Ended March 2, 2002
$ in millions
Best Buy
Co., Inc. Guarantor
Subsidiary Non−Guarantor
Subsidiaries Eliminations Consolidated
Total cash provided by operating
activities from continuing operations $ 665 $ 652 $ 226 $ — $ 1,543
Investing activities
Additions to property and equipment (284) (257) (40) — (581)
Acquisition of business, net of cash acquired — — (368) — (368)
Decrease in recoverable costs from
developed properties 25 — — — 25
Total cash used in investing activities from
continuing operations (259) (257) (408) — (924)
Financing activities
Net proceeds from issuance of long−term
debt 726 — — — 726
Long−term debt payments (2) (3) — — (5)
Issuance of common stock 48 — — — 48
Change in intercompany receivable/payable (71) (390) 461 — —
Total cash provided by (used in) financing
activities from continuing operations 701 (393) 461 — 769
Net cash used in discontinued operations — — (270) — (270)
Increase in cash and cash equivalents 1,107 2 9 — 1,118
Cash and cash equivalents at beginning
of year 716 27 — — 743
Cash and cash equivalents at end of year $ 1,823 $ 29 $ 9 $ — $ 1,861
Condensed Consolidating Statements of Cash Flows
For the Fiscal Year Ended March 3, 2001
$ in millions
Best Buy
Co., Inc. Guarantor
Subsidiary Non−Guarantor
Subsidiaries Eliminations Consolidated
Total cash provided by operating
activities from continuing operations $ 632 $ 194 $ 35 $ — $ 861
Investing activities
Additions to property and equipment (143) (491) (23) — (657)
Acquisitions of businesses, net of cash
acquired — — (326) — (326)
Decrease in recoverable costs from
developed properties (31) — — — (31)
Increase in other assets (16) (1) 2 — (15)
Investment in subsidiaries (513) — — 513 —
Total cash used in investing activities from
continuing operations (703) (492) (347) 513 (1,029)
Financing activities
Long−term debt payments (15) — (2) — (17)
Issuance of common stock 235 — — — 235
Investment by parent — — 513 (513) —
Change in intercompany receivable/payable (139) 280 (141) — —
Total cash provided by financing activities
from continuing operations 81 280 370 (513) 218
Net cash used in discontinued operations — — (58) — (58)
10 (18) — — (8)