Best Buy 2006 Annual Report Download - page 100

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$ in millions, except per share amounts
86
Condensed Consolidating Statements of Earnings
For the FiscalYearEn ded February 25, 2006
Best Buy
Co., Inc.
Guarantor
Subsidiary
Non-Guarantor
SubsidiariesEliminations Consolidated
Revenue $17 $26,323$30,433$(25,925 ) $30,848
Cost of goods sold —21,666 27,234 (25,778 ) 23,122
Gross profit 17 4,657 3,199 (147
) 7,726
Selling, general and administrative expenses 34 4,428 1,690 (70 ) 6,082
Operating (loss) income (17) 229 1,509 (77 ) 1,644
Net interest (expense) income (21) (82) 180 — 77
Equity in earnings (loss) of subsidiaries 1,159 (72) 25 (1,112) —
Earnings before income tax expense 1,121 75 1,714 (1,189 ) 1,721
Income tax (benefit) expense (49) 50 580 —
581
Net earnings $1,170 $ 25 $1,134 $(1,189 ) $1,140