Best Buy 2005 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2005 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

$ in millions, except per share amounts
Condensed Consolidating Statements of Cash Flows
For the Fiscal Year Ended February 26, 2005
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash provided by operating activities from
continuing operations $ 265 $ 500 $1,076 $ — $1,841
Investing activities
Additions to property and equipment — (338) (164) — (502)
Purchases of available-for-sale securities (7,738) — (51) — (7,789)
Sales of available-for-sale securities 7,118 — — — 7,118
Other, net 16 (9) — — 7
Total cash used in investing activities from
continuing operations (604) (347) (215) — (1,166)
Financing activities
Long-term debt payments (354) (15) (2) — (371)
Issuance of common stock under employee stock
purchase plan and for the exercise of stock
options 256 — — — 256
Repurchase of common stock (200) — — — (200)
Dividends paid (137) — — — (137)
Other, net — — (7) — (7)
Change in intercompany receivable/payable 844 (109) (735) — —
Total cash provided by (used in) financing
activities from continuing operations 409 (124) (744) — (459)
Effect of exchange rate changes on cash —— 9 — 9
Increase in cash and cash equivalents 70 29 126 — 225
Cash and cash equivalents at beginning of year 105 33 107 — 245
Cash and cash equivalents at end of year $ 175 $ 62 $ 233 $ — $ 470
90