Best Buy 2008 Annual Report Download - page 106

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$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Cash Flows
Fiscal Year Ended March 1, 2008
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash provided by (used in)
operating activities $ 284 $(1,212) $ 2,953 $ — $ 2,025
Investing Activities
Additions to property and equipment — (469) (328) — (797)
Purchases of investments (7,486) — (1,015) — (8,501)
Sales of investments 10,136 — 799 — 10,935
Acquisition of business, net of cash acquired — — (89) — (89)
Change in restricted assets 16 — (101) — (85)
Other, net — 4 (3) — 1
Total cash provided by (used in) investing
activities 2,666 (465) (737) — 1,464
Financing Activities
Repurchase of common stock (3,461) — — — (3,461)
Issuance of common stock under employee
stock purchase plan and for the exercise
of stock options 146 — — — 146
Dividends paid (204) — — — (204)
Repayments of debt (4,242) (10) (101) — (4,353)
Proceeds from issuance of debt 4,360 33 93 — 4,486
Excess tax benefits from stock-based
compensation 24 — — — 24
Other, net — — (16) — (16)
Change in intercompany receivable/payable 363 1,647 (2,010) — —
Total cash (used in) provided by financing
activities (3,014) 1,670 (2,034) — (3,378)
Effect of Exchange Rate Changes on
Cash — — 122 — 122
(Decrease) Increase in Cash and Cash
Equivalents (64) (7) 304 — 233
Cash and Cash Equivalents at Beginning
of Year 235 77 893 — 1,205
Cash and Cash Equivalents at End of
Year $ 171 $ 70 $ 1,197 $ — $ 1,438
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