Best Buy 2012 Annual Report Download - page 31

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31
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
Fiscal Year 2012(1)(2) 2011(3) 2010(4) 2009(5)(6) 2008
Consolidated Statements of Earnings Data
Revenue $ 50,705 $ 49,747 $ 49,243 $ 44,737 $ 39,892
Operating income 1,085 2,374 2,368 2,014 2,185
Net earnings from continuing operations 330 1,554 1,495 1,150 1,426
Loss from discontinued operations (308) (188) (101) (117) (16)
Net earnings including noncontrolling interests 22 1,366 1,394 1,033 1,410
Net (loss) earnings attributable to Best Buy Co., Inc. (1,231) 1,277 1,317 1,003 1,407
Per Share Data
Net (loss) earnings from continuing operations $ (2.89) $ 3.44 $ 3.29 $ 2.66 $ 3.16
Net loss from discontinued operations (0.47) (0.36) (0.19) (0.27) (0.04)
Net (loss) earnings (3.36) 3.08 3.10 2.39 3.12
Cash dividends declared and paid 0.62 0.58 0.56 0.54 0.46
Common stock price:
High 33.22 48.83 45.55 48.03 53.90
Low 21.79 30.90 23.97 16.42 41.85
Operating Statistics
Comparable store sales (decline) gain(7) (1.7)% (1.8)% 0.6% (1.3)% 2.9%
Gross profit rate 24.8 % 25.2 % 24.5% 24.4 % 23.8%
Selling, general and administrative expenses rate 20.2 % 20.2 % 19.5% 19.7 % 18.4%
Operating income rate 2.1 % 4.8 % 4.8% 4.5 % 5.5%
Year-End Data
Current ratio(8) 1.2 1.2 1.2 1.0 1.1
Total assets $ 16,005 $ 17,849 $ 18,302 $ 15,826 $ 12,758
Debt, including current portion 2,208 1,709 1,802 1,963 816
Total equity(9) 4,366 7,292 6,964 5,156 4,524
Number of stores
Domestic 1,447 1,317 1,190 1,107 971
International(10) 2,861 2,756 2,746 2,745 342
Total(10) 4,308 4,073 3,936 3,852 1,313
Retail square footage (000s)
Domestic 43,785 43,660 42,480 40,924 37,511
International(10) 15,852 13,848 13,295 13,000 10,987
Total(10) 59,637 57,508 55,775 53,924 48,498
(1) Fiscal 2012 included 53 weeks. All other periods presented included 52 weeks.
(2) Included within our Operating income and Net earnings from continuing operations for fiscal 2012 is $58 ($38 net of taxes) of restructuring charges from
continuing operations recorded in fiscal 2012 related to measures we took to restructure our business. Also included in Net earnings from continuing
operations for fiscal 2012 is $1,180 (net of taxes) of goodwill impairment charges related to Best Buy Europe. Included in Loss from discontinued
operations is $186 (net of taxes) of restructuring charges recorded in fiscal 2012 related to measures we took to restructure our business. Net (loss)
earnings attributable to Best Buy Co., Inc. for fiscal 2012 includes restructuring charges (net of tax and noncontrolling interest) from both continuing and
discontinued operations and the net of tax goodwill impairment, and excludes $1,303 in noncontrolling interest related to the agreement to buy out