Best Buy 2013 Annual Report Download - page 61

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61
Consolidated Balance Sheets
$ in millions, except per share and share amounts
February 2, 2013 March 3, 2012
Assets
Current Assets
Cash and cash equivalents $ 1,826 $ 1,199
Receivables 2,704 2,288
Merchandise inventories 6,571 5,731
Other current assets 946 1,079
Total current assets 12,047 10,297
Property and Equipment
Land and buildings 756 775
Leasehold improvements 2,386 2,367
Fixtures and equipment 5,120 4,981
Property under capital lease 113 129
8,375 8,252
Less accumulated depreciation 5,105 4,781
Net property and equipment 3,270 3,471
Goodwill 528 1,335
Tradenames, Net 131 130
Customer Relationships, Net 203 229
Equity and Other Investments 86 140
Other Assets 522 403
Total Assets $ 16,787 $ 16,005
Liabilities and Equity
Current Liabilities
Accounts payable $ 6,951 $ 5,364
Unredeemed gift card liabilities 428 456
Accrued compensation and related expenses 520 539
Accrued liabilities 1,639 1,685
Accrued income taxes 129 288
Short-term debt 596 480
Current portion of long-term debt 547 43
Total current liabilities 10,810 8,855
Long-Term Liabilities 1,109 1,099
Long-Term Debt 1,153 1,685
Contingencies and Commitments (Note 15)
Equity
Best Buy Co., Inc. Shareholders' Equity
Preferred stock, $1.00 par value: Authorized — 400,000 shares; Issued and outstanding — none — —
Common stock, $0.10 par value: Authorized — 1.0 billion shares; Issued and outstanding —
338,276,000 and 341,400,000 shares, respectively 34 34
Additional paid-in capital 54 —
Retained earnings 2,861 3,621
Accumulated other comprehensive income 112 90
Total Best Buy Co., Inc. shareholders' equity 3,061 3,745
Noncontrolling interests 654 621
Total equity 3,715 4,366
Total Liabilities and Equity $ 16,787 $ 16,005
See Notes to Consolidated Financial Statements.
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