Best Buy 2015 Annual Report Download - page 63

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Table of Contents
56
Consolidated Balance Sheets
$ in millions, except per share and share amounts
January 31, 2015 February 1, 2014
Assets
Current Assets
Cash and cash equivalents $ 2,432 $ 2,678
Short-term investments 1,456 223
Receivables, net 1,280 1,308
Merchandise inventories 5,174 5,376
Other current assets 703 900
Current assets held for sale 684 —
Total current assets 11,729 10,485
Property and Equipment
Land and buildings 611 758
Leasehold improvements 2,201 2,182
Fixtures and equipment 4,729 4,515
Property under capital lease 119 120
7,660 7,575
Less accumulated depreciation 5,365 4,977
Net property and equipment 2,295 2,598
Goodwill 425 425
Intangibles, Net 57 101
Other Assets 583 404
Non-current assets held for sale 167 —
Total Assets $ 15,256 $ 14,013
Liabilities and Equity
Current Liabilities
Accounts payable $ 5,030 $ 5,122
Unredeemed gift card liabilities 411 406
Deferred revenue 326 399
Accrued compensation and related expenses 372 444
Accrued liabilities 782 873
Accrued income taxes 230 147
Current portion of long-term debt 41 45
Current liabilities held for sale 585 —
Total current liabilities 7,777 7,436
Long-Term Liabilities 881 976
Long-Term Debt 1,580 1,612
Contingencies and Commitments (Note 12)
Long-Term Liabilities held for sale 18 —
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 —
351,468,000 and 346,751,000 shares, respectively 35 35
Additional paid-in capital 437 300
Retained earnings 4,141 3,159
Accumulated other comprehensive income 382 492
Total Best Buy Co., Inc. shareholders' equity 4,995 3,986
Noncontrolling interests 5 3
Total equity 5,000 3,989
Total Liabilities and Equity $ 15,256 $ 14,013
See Notes to Consolidated Financial Statements.