Best Buy 2008 Annual Report Download - page 107

Download and view the complete annual report

Please find page 107 of the 2008 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.

Page out of 120

  • 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
  • 120

$ in millions, except per share amounts or as otherwise noted
Condensed Consolidating Statements of Cash Flows
Fiscal Year Ended March 3, 2007
Best Buy Guarantor Non-Guarantor
Co., Inc. Subsidiary Subsidiaries Eliminations Consolidated
Total cash (used in) provided by
operating activities $ (213) $ 170 $ 1,805 $ — $ 1,762
Investing Activities
Additions to property and equipment — (512) (221) — (733)
Purchases of investments (4,386) — (403) — (4,789)
Sales of investments 4,594 — 501 — 5,095
Acquisitions of businesses, net of cash
acquired — — (421) — (421)
Change in restricted assets — — 63 — 63
Other, net (5) 4 6 — 5
Total cash provided by (used in) investing
activities 203 (508) (475) — (780)
Financing Activities
Repurchase of common stock (599) — — — (599)
Issuance of common stock under employee
stock purchase plan and for the exercise
of stock options 217 — — — 217
Dividends paid (174) — — — (174)
Repayments of debt (2) — (82) — (84)
Proceeds from issuance of debt — 39 57 — 96
Excess tax benefits from stock-based
compensation 50 — — — 50
Other, net — — (19) — (19)
Change in intercompany receivable/payable 743 297 (1,040) — —
Total cash provided by (used in) financing
activities 235 336 (1,084) — (513)
Effect of Exchange Rate Changes on
Cash — — (12) — (12)
Increase (Decrease) in Cash and Cash
Equivalents 225 (2) 234 — 457
Cash and Cash Equivalents at Beginning
of Year 10 79 659 — 748
Cash and Cash Equivalents at End of
Year $ 235 $ 77 $ 893 $ — $ 1,205
99