Best Buy 2005 Annual Report Download - page 102
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$ in millions, except per share amounts
Condensed Consolidating Balance Sheets
As of February 28, 2004
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiaries Subsidiaries Eliminations Consolidated
Assets
Current Assets
Cash and cash equivalents $ 105 $ 33 $ 107 $ — $ 245
Short-term investments 2,297 — 58 — 2,355
Receivables 5 313 24 1 343
Merchandise inventories — 2,736 364 (493) 2,607
Other current assets 1 96 77 — 174
Intercompany receivable — — 2,091 (2,091) —
Intercompany note receivable 500 — — (500) —
Total current assets 2,908 3,178 2,721 (3,083) 5,724
Net Property and Equipment 244 1,325 678 (3) 2,244
Goodwill — — 477 — 477
Tradename — — 37 — 37
Other Assets 115 105 106 (156) 170
Investments in Subsidiaries 2,547 1 — (2,548) —
Total Assets $5,814 $4,609 $4,019 $(5,790) $8,652
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ — $ — $2,460 $ — $2,460
Unredeemed gift card liabilities — 300 — — 300
Accrued compensation and related expenses 3 152 114 — 269
Accrued liabilities 10 435 279 — 724
Accrued income taxes 305 23 52 — 380
Current portion of long-term debt 354 13 1 — 368
Intercompany payable 597 1,507 — (2,104) —
Intercompany note payable — 500 — (500) —
Total current liabilities 1,269 2,930 2,906 (2,604) 4,501
Long-Term Liabilities 222 421 21 (417) 247
Long-Term Debt 410 60 12 — 482
Shareholders’ Equity 3,913 1,198 1,080 (2,769) 3,422
Total Liabilities and Shareholders’ Equity $5,814 $4,609 $4,019 $(5,790) $8,652
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