Best Buy 1999 Annual Report Download - page 33

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F I S CAL 1999 B E S T B U Y ANNU AL R E POR T
CONS OL I DAT E D S T AT E ME NT S OF CAS H F L OWS
E B E B A R CH
OR T H E F I S CA L E A R S N D E D 1999 1998 1997
Operating Activities
Net earnings $ 224,437 $ 94,453 $ 1,748
Depreciation, amortization and
other non-cash charges 78,367 71,5 8 4 67,312
302,804 166,037 69,060
Changes in operating assets and liabilities:
Receivables ( 3 6,6 9 9) ( 1 6,1 21) 4 1,8 5 7
Merchandise inventories 14,422 7 1 ,271 69,083
Other current assets 854 4 ,657 8,1 74
Accounts payable 249,094 147,34 0 ( 1 5 2 ,491)
Other liabilities 1 0 9 ,713 43,500 ( 2 6 ,053)
Income taxes payable 22,243 3 3 ,759 3,5 7 9
Total cash provided by
operating activities 662,4 3 1 450,4 4 3 1 3,209
Investing Activities
Additions to property and equipment ( 1 6 5 ,698) ( 72,063) ( 8 7 ,593)
( Increase) decrease in recoverable costs
from developed properties ( 6 5 ,741) 45,270 7 2 ,752
( Increase) decrease in other assets ( 1 8 ,128) 4,4 9 4 ( 5,5 93)
Total cash used in investing activities ( 2 4 9 ,567) ( 22,299) (2 0 ,434)
Financing Activities
Long-term debt payments ( 1 6 5 ,396) ( 22,694) (2 5 ,694)
Long-term debt borrowings – – 10,0 0 0 3 3 ,542
Common stock issued 20,644 1 4 ,869 2,7 4 0
Repurchase of common stock ( 2 ,462) – – – –
Total cash (used in) provided by
financing activities ( 147,2 1 4 ) 2,175 1 0 ,588
Increase in Cash and Cash Equivalents 265,650 430,319 3,363
Cash and Cash Equivalents at Beginning of Period 520,127 89,808 86,445
Cash and Cash Equivalents at End of Period $ 785,777 $ 520,127 $ 89,808
See notes to consolidated financial statements.
31
$ in thousands