Best Buy 2014 Annual Report Download - page 61
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56
Consolidated Balance Sheets
$ in millions, except per share and share amounts
February 1, 2014 February 2, 2013
Assets
Current Assets
Cash and cash equivalents $ 2,678 $ 1,826
Short-term investments 223 —
Receivables, net 1,308 2,704
Merchandise inventories 5,376 6,571
Other current assets 900 946
Total current assets 10,485 12,047
Property and Equipment
Land and buildings 758 756
Leasehold improvements 2,182 2,386
Fixtures and equipment 4,515 5,120
Property under capital lease 120 113
7,575 8,375
Less accumulated depreciation 4,977 5,105
Net property and equipment 2,598 3,270
Goodwill 425 528
Intangibles, Net 101 334
Other Assets 404 608
Total Assets $ 14,013 $ 16,787
Liabilities and Equity
Current Liabilities
Accounts payable $ 5,122 $ 6,951
Unredeemed gift card liabilities 406 428
Deferred revenue 399 451
Accrued compensation and related expenses 444 520
Accrued liabilities 873 1,188
Accrued income taxes 147 129
Short-term debt — 596
Current portion of long-term debt 45 547
Total current liabilities 7,436 10,810
Long-Term Liabilities 976 1,109
Long-Term Debt 1,612 1,153
Contingencies and Commitments (Note 13)
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 —
346,751,000 and 338,276,000 shares, respectively 35 34
Additional paid-in capital 300 54
Retained earnings 3,159 2,861
Accumulated other comprehensive income 492 112
Total Best Buy Co., Inc. shareholders' equity 3,986 3,061
Noncontrolling interests 3 654
Total equity 3,989 3,715
Total Liabilities and Equity $ 14,013 $ 16,787
See Notes to Consolidated Financial Statements.