This document provides the cash flow statement, balance sheet, income statement, and key financial ratios for Best Buy for the years 2015-2011.
Some key highlights:
- Net cash provided by operating activities decreased from $1.94B in 2015 to $1.09B in 2014.
- Total assets decreased slightly from $13.80B in 2015 to $13.79B in 2014.
- Net earnings decreased from $1.24B in 2015 to $523M in 2014.
- Key financial ratios like return on assets, return on equity, and debt-to-equity ratio decreased from 2015 to 2014.
Hierarchy of management that covers different levels of management
cash flowStatement of Cash Flows20152014201320122011Operating Acti.docx
1. cash flowStatement of Cash
Flows20152014201320122011Operating ActivitiesNet
Earnings1,235523-420221,366Adjustments to reconcile net
earnings (loss) to total cash provided by operating
activities:Depreciation656701794897896Amortization of
definite-lived intngible assets15384882Restructuring
charges23259449288222Goodwill impairments8221,207(Gain)
Loss on sale of business-1143Stock-based
compensation8790107120121Realized gain on sale of
investment-55Deferred income taxes-297-28-1928-134Excess
tax benefits from stock-based compensation-11Other,
net862412511Changes in operating assets and
liabilities:Receivables-197-55141-371Merchandise inventories-
141597-912120-400Other assets29-70-65-2440Accounts
payable434-9861,735574-443Other liabilities-164-273-339-23-
156Income taxes8554-22625-33Total cash provided by
operating activities1,9351,0941,4543,2931,190Investing
ActivitiesAdditions to Property and Equipment-561-547-705-
766-744Purchases of investments-2804-230-13-112-267Sales of
investments1,5805069290415Acquisition of businesses, net of
cash acquired-31-174Proceeds from sale of business, net of cash
transferred392062521Change in Restricted Access29510140-
2Settlement of net investment hedges12Other, net5-116-2-
4Total cash used in investing activities-1,712-517-538-722-
569Financing ActivitiesRepurchase of common stock-122-
1,500-1,193Issuance of common stock under employee stock
purchase plan and for the exercise of stock
options501712567179Dividends paid-251-233-224-228-
237Repayments of debt-24-2,033-1,614-3,412-3,120Proceeds
from issuance of debt2,4141,7413,9213,021Payment to
noncontrolling interest (Note 2) Acquisition of noncontrolling
interests-1,303Acquisition of noncontrolling interests-21Excess
tax benefits from stock-based compensation11Other, net2-17-
233Total cash used in financing activities-223319-211-2,478-
2. 1,357Effect of Exchange Rate Changes on Cash-52-44-
4513Increase (Decrease) in Cash and Cash Equivalents-
5285270196-723Adjustment for Fiscal Year-end Change (Note
1)-74Increase (Decrease) in Cash and Cash Equivalents After
Adjustment-52852627Cash and Cash Equivalents at Beginning
of Year2,6781,8261,1991,1031,826Cash and Cash Equivalents
at End of Year2,67826781,8261,1031,103Less Cash and Cash
Equivalents Held for Sale-194Cash and Cash Equivalents at End
of Period, Excluding Held for
Sale2,4842,6781,8261,1991,103Supplemental Disclosure of
Cash Flow InformationIncome Taxes
Paid355332478568882Interest Paid81821068989
balance sheetBalance sheet (in
000,000's)20152014201320122011AssetsCurrent
assetsCCE2,4322,6781,8261,1991,103Net
Receivables1,2801,3082,7042,2882,348Inventory5,1745,3766,5
715,7315,897Other Current Assets1,3879009461,0791,103Total
Current Assets10,27310,26212,04710,29010,451Long Term
Investments-----
PPE2,4622,5983,2703,4713,823Goodwill4254255281,3352,454I
ntangible Assets57101420499316Accumulated Amortization----
-Other Assets583404522403435Deferred LT Asset Charges--
Total Assets13,80013,79016,78716,00515,027Avg Total
Assets13,79515,28916,39615,516Balance Sheet'!B19='Income
Statement'!B11/LiabilitiesCurrent
LiabilitiesA/P6,4146,5866,9515,364489Short/Current LT
Debt414554743441Other Current
Liabilities1,3228051,6391,6851,471Total Current
Liabilities7,7777,4369,1377,0922,401Long Term
Debt1,5801,6121,1531,685711Other
Liabilities8999761,1091,0991,044Total
Liabilities10,25610,02411,3999,8764,156Stockholders
EquityCommon Stock3535343439Retained
Earnings4,1413,1592,8603,6216,370Capital
Surplus4373001129018Other Stockholder
Equity382492654621173Total Stockholder
3. Equity4,9953,9863,6604,3666,600Net Tangible
Assets4,5133,4603,0603,7456,370
income
statement20152014201320122011Revenue40,33940,61138,2525
0,70549,747COGS31,29231,21229,22838,11337,197Restructuri
ng charges - COGS1199Gross
Profit9,0479,3999,02312,57312,541Selling, general and
administrative
expenses7,5928,1067,90510,24210,029Restructuring
charges514941439138Goodwill Impairments6141,207Operating
Income (EBIT)1,4501,144901,0852,374Other Income
(expense)Gain on sale of investment132055Investment income
and other1419133743Interest expense-90-100-99-134-
86Earnings From Continuing Operations before income tax
expense1,3871,08341,0432,331Income tax
Expense141388263709779Equity in (loss) income of affiliates-
42Net Earnings (loss) from continuing operations1,246695-
2593301,554Loss from discontinued operations (Note 2 & 3)-
11-172-161-188-101Net earnings (loss) including
noncontrolling interests1,235523-420221,366Net (earnings)
from continuing operations attributable to noncontrolling
interests-1,387-127Net (earnings) loss from discontinued
operations attributable to noncontrolling interests-29-
2113438Net earnings (loss) attributable to Best Buy Co., Inc.
shareholders1,233532-441-1,2311,277
foreacsted income
statement20182017201620152014201320122011Revenue353733
69573861140,33940,61138,25250,70549,747COGS28163291693
021231,29231,21229,22838,11337,197Restructuring charges -
COGS1199Gross
Profit7211778783999,0479,3999,02312,57312,541Selling,
general and administrative
expenses6281669171277,5928,1067,90510,24210,029Restructur
ing charges30179514941439138Goodwill
Impairments6141,207Operating Income
(EBIT)899108012631,4501,144901,0852,374Other Income
4. (expense)Gain on sale of investment132055Investment income
and other910121419133743Interest expense-105-100-95-90-
100-99-134-86Earnings From Continuing Operations before
income tax expense78697011561,3871,08341,0432,331Income
tax Expense6786110141388263709779Equity in (loss) income
of affiliates-42Net Earnings (loss) from continuing
operations71988510461,246695-2593301,554Loss from
discontinued operations (Note 2 & 3)-10-10-11-11-172-161-
188-101Net earnings (loss) including noncontrolling
interests70987410351,235523-420221,366Net (earnings) from
continuing operations attributable to noncontrolling interests-
1,387-127Net (earnings) loss from discontinued operations
attributable to noncontrolling interests-1-1-1-29-2113438Net
earnings (loss) attributable to Best Buy Co., Inc.
shareholders70987310341,233532-441-1,2311,277
ratiosStock Price =BEST BUY INCINDUSTRY: RETAIL-CONS
ETC34.3520152014201320122011Y 1-5
AverageTargetWalmartHome DepotIndustry AverageLong-Term
Debt1,5801,6121,1531,6857111,348Long-Term
Debt12705436921686924422Times Interest
Earned16.1111.440.918.127.612.83Times Interest
Earned5.1411.0813.0199.75Debt-Equity
Ratio0.3160.4040.3150.3860.1080.306Debt-Equity
Ratio0.9080.5371.811.085Total Debt
Ratio0.7430.7270.6790.6170.2770.609Total Debt
Ratio0.66190.60040.76660.6763L/ACash Coverage
Ratio23.418.458.9314.7938.0220.72Cash Coverage
Ratio7.55614.80415.17112.51Net Working
Capital0.1810.2050.1730.20.5360.259Net Working
Capital0.057-0.010.1010.049Financial Ratios =
LiquidityFinancial Ratios = LiquidityLiquidity Ratios:Liquidity
Ratios:Current Ratio1.3211.381.3181.4514.3531.965Current
Ratio1.20.9691.3581.176Quick
Ratio0.8770.8930.820.811.951.07Quick
Ratio0.6860.2440.2850.405Cash
Ratio0.3130.360.2710.1350.1270.241Cash
5. Ratio0.190.140.150.16Efficiency Ratios:Efficiency Ratios:Asset
Turnover Ratio2.922.942.283.173.312.93Asset Turnover
Ratio1.692.382.072.047Average Collection
Period11.5811.7625.816.4717.2316.57Average Collection
Period29.7645.0946.51213.79Inventory
Turnover6.0485.8064.4486.656.3085.852Inventory
Turnover5.8348.0884.8946.272Profitability Ratios:Profitability
Ratios:Net Profit Margin3.06%1.31%-1.15%-
2.43%2.57%0.67%Net Profit
Margin3.37%3.33%7.63%4.78%Gross Profit
Margin28.91%30.11%30.87%33.04%33.74%31.34%Gross Profit
Margin26.45%24.83%32.83%28.04%Operating Profit
Margin3.28%1.56%-0.89%-2.16%2.74%0.90%Operating Profit
Margin6.62%5.59%12.63%8.28%Operating
Profit1,4501,144901,0852,3741,229Operating ProfitReturn on
Assets (ROA)8.93%3.86%-2.63%-7.69%8.50%2.19%Return on
Assets (ROA)5.70%7.92%15.77%9.80%Operating
ROA10.51%7.48%0.55%6.99%-6.38%Operating
ROA10.55%11.36%27.02%16.31%Return on
Equity24.68%13.35%-12.05%-28.20%19.35%3.43%Return on
Equity16.20%20.53%58.09%31.61%Du Pont
Formula8.93%3.86%-2.63%-7.69%8.50%2.19%Du Pont
Formula5.70%7.92%15.77%9.80%
forecasted balance sheetBalance sheet (in
000,000's)Growth20182017201620152014201320122011201520
1420132012Average GrowthAssetsCurrent
assetsCCE4707377730312,4322,6781,8261,1991,103-
0.09190.46660.52290.0870.2462Net
Receivables948104811581,2801,3082,7042,2882,348-0.0214-
0.51630.1818-0.0256-
0.0954Inventory4792491650435,1745,3766,5715,7315,897-
0.0376-0.18190.1466-0.0281-0.0253Other Current
Assets1781163815071,3879009461,0791,1030.5411-0.0486-
0.1233-0.02180.0869Total Current
Assets12227113791073910,27310,26212,04710,29010,4510.001
1-0.14820.1707-0.01540.0021Long Term Investments-----