Best Buy 2008 Annual Report Download - page 105
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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Earnings
Fiscal Year Ended February 25, 2006
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations 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
Other income (expense)
Investment income and other 86 — 180 (159) 107
Interest expense (107) (82) — 159 (30)
Equity in earnings (loss) of subsidiaries 1,159 (72) 25 (1,112) —
Earnings before income tax (benefit) 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
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