Best Buy 2007 Annual Report Download - page 103
Download and view the complete annual report
Please find page 103 of the 2007 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114
-
115
-
116
-
117
-
118
-
119
 |
 |
$ in millions, except per share amounts
88
Condensed Consolidating Balance Sheets
As of February 25, 2006
Best Buy
Co.,Inc.
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current Assets
Cash and cash equivalents $ 10 $ 79 $ 659 $ — $ 748
Short-term investments 2,874 — 167 — 3,041
Receivables 37 319 93 — 449
Merchandise inventories — 3,173 636 (471) 3,338
Other current assets 20 211 265 (87) 409
Intercompany receivable — — 3,757 (3,757) —
Intercompany note receivable 500 — — (500) —
Total current assets 3,441 3,782 5,577 (4,815) 7,985
Net Property and Equipment 244 1,733 737 (2) 2,712
Goodwill — 6 551 — 557
Tradename —— 44 — 44
Long-Term Investments 218 — — — 218
Other Assets 108 266 131 (157) 348
Investments inSubsidiaries 4,813 — 1,124 (5,937) —
Total Assets $ 8,824 $5,787 $8,164 $(10,911) $11,864
Liabilities and Shareholders’Equity
Current Liabilities
Accounts payable $ — $ — $3,234 $ — $ 3,234
Unredeemed gift card liabilities — 430 39 — 469
Accrued compensation and related expenses 3 225 126 — 354
Accrued liabilities 7 518 392 (39) 878
Accrued income taxes 670 — 76 (43) 703
Current portion of long-term debt 404 9 5 — 418
Intercompany payable 1,717 2,134 — (3,851) —
Intercompany note payable — 500 — (500) —
Total current liabilities 2,801 3,816 3,872 (4,433) 6,056
Long-Term Liabilities 257 732 31 (647) 373
Long-Term Debt 7 115 56 — 178
Shareholders’Equity 5,759 1,124 4,205 (5,831) 5,257
Total Liabilities and Shareholders’Equity $ 8,824 $5,787 $8,164 $(10,911) $11,864