Best Buy 2008 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2008 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.-
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
-
119
-
120
 |
 |
Consolidated Statements of Earnings
$ in millions, except per share amounts
March 1, March 3, February 25,
Fiscal Years Ended 2008 2007 2006
Revenue $40,023 $35,934 $30,848
Cost of goods sold 30,477 27,165 23,122
Gross profit 9,546 8,769 7,726
Selling, general and administrative expenses 7,385 6,770 6,082
Operating income 2,161 1,999 1,644
Other income (expense)
Investment income and other 129 162 107
Interest expense (62) (31) (30)
Earnings before income tax expense, minority interest and equity in loss of
affiliates 2,228 2,130 1,721
Income tax expense 815 752 581
Minority interest in earnings (3) (1) —
Equity in loss of affiliates (3) — —
Net earnings $ 1,407 $ 1,377 $ 1,140
Earnings per share
Basic $ 3.20 $ 2.86 $ 2.33
Diluted $ 3.12 $ 2.79 $ 2.27
Weighted-average common shares outstanding (in millions)
Basic 439.9 482.1 490.3
Diluted 452.9 496.2 504.8
See Notes to Consolidated Financial Statements.
62