Best Buy 2014 Annual Report Download - page 101

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96
Commitments
We engage Accenture LLP ("Accenture") to assist us with improving our operational capabilities and reducing our costs in the
information systems and human resources areas. We expect our future contractual obligations to Accenture to range from $21
million to $106 million per year through 2018, the end of the periods under contract.
We had outstanding letters of credit and bankers' acceptances for purchase obligations with an aggregate fair value of $512
million at February 1, 2014.
At February 1, 2014, we did not have any material commitments for the purchase, construction or lease of facilities or future
locations.
14. Supplementary Financial Information (Unaudited)
The following tables show selected operating results for each 3-month quarter and full year of fiscal 2014 and 2013 (11-month)
(unaudited) ($ in millions):
Quarter 12-Month
1st 2nd 3rd 4th 2014
Revenue $ 9,347 $ 9,266 $ 9,327 $ 14,470 $ 42,410
Comparable store sales % change(1) (1.4)% (0.6)% 0.3% (1.2)% (0.8)%
Gross profit $ 2,158 $ 2,458 $ 2,157 $ 2,917 $ 9,690
Operating income(2) 168 413 90 469 1,140
Net earnings from continuing operations 97 237 44 311 689
Gain (loss) from discontinued operations, net of tax (170) 11 10 (17) (166)
Net earnings (loss) including noncontrolling
interests (73) 248 54 294 523
Net earnings (loss) attributable to Best Buy Co.,
Inc. shareholders (81) 266 54 293 532
Diluted earnings (loss) per share(3)
Continuing operations $ 0.29 $ 0.69 $ 0.12 $ 0.88 $ 1.98
Discontinued operations (0.53) 0.08 0.04 (0.05) (0.45)
Diluted earnings (loss) per share $ (0.24) $ 0.77 $ 0.16 $ 0.83 $ 1.53
Quarter 11-Month
1st 2nd 3rd 4th 2013(4)
Revenue $ 10,343 $ 9,306 $ 9,343 $ 14,921 $ 39,827
Comparable store sales % decline(1) (5.2)% (3.3)% (5.1)% (1.4)% (3.4)%
Gross profit $ 2,572 $ 2,249 $ 2,213 $ 3,331 $ 9,298
Operating income (loss)(5) 263 87 — (181) (119)
Net earnings (loss) from continuing operations 169 30 (9) (460) (467)
Gain (loss) from discontinued operations, net of tax (17) (37) 10 81 47
Net earnings (loss) including noncontrolling
interests 152 (7) 1 (379) (420)
Net earnings (loss) attributable to Best Buy Co.,
Inc. shareholders 158 12 (10) (409) (441)
Diluted earnings (loss) per share(3)
Continuing operations $ 0.49 $ 0.09 $ (0.03) $ (1.36) $ (1.38)
Discontinued operations (0.03) (0.05) — 0.15 0.08
Diluted earnings (loss) per share $ 0.46 $ 0.04 $ (0.03) $ (1.21) $ (1.30)
Note: Certain fiscal year totals may not add due to rounding.