Best Buy 2008 Annual Report Download - page 103
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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Earnings
Fiscal Year Ended March 1, 2008
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Revenue $ 16 $31,092 $42,677 $(33,762) $40,023
Cost of goods sold — 25,881 36,926 (32,330) 30,477
Gross profit 16 5,211 5,751 (1,432) 9,546
Selling, general and administrative expenses 137 4,933 2,321 (6) 7,385
Operating (loss) income (121) 278 3,430 (1,426) 2,161
Other income (expense)
Investment income and other 65 (1) 367 (302) 129
Interest expense (304) (50) (10) 302 (62)
Equity in earnings (loss) of subsidiaries 2,661 (82) 167 (2,746) —
Earnings before income tax (benefit) expense,
minority interest and equity in loss of
affiliates 2,301 145 3,954 (4,172) 2,228
Income tax (benefit) expense (532) 60 1,287 — 815
Minority interest in earnings — — (3) — (3)
Equity in loss of affiliates — — (3) — (3)
Net earnings $2,833 $ 85 $ 2,661 $ (4,172) $ 1,407
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