FINANCIAL STATEMENT
Best Buy Financial Statement1
Best Buy Financial Assertion
Best Buy is an organization that gross sales are comprised of digital units. It falls underneath the
Digital shops business, being an electronics retailer solely its rivals are fairly excessive. Best
Buy competes with Walmart, Goal, Radioshack, Amazon, and Skymall to call a number of.
Jessica Pascale
6 Sept 2016
Teacher: Donald Morrison
Best Buy Financial Assertion
BEST BUY FINANCIAL STATEMENT 2
Best Buy is a broadly recognized firm for its sorts of electronics and the providers it
offers its prospects. Best Buy additionally ranks within the high decisions so far as digital shops go and
chosen extra usually than its rivals. Mentioned beneath would be the earnings assertion, stability
sheet, in addition to a ratio Assessment. In relation to investing in a giant firm comparable to this there
are so many issues that should be taken in to account and one main factor can be its debt to
earnings ratio to reassure an investor that they may make an incredible resolution by investing in them.
Best Buy is an organization that gross sales are comprised of digital units. It falls underneath the
Digital shops business, being an electronics retailer solely its rivals are fairly excessive. Best
Buy competes with Walmart, Goal, Radioshack, Amazon, and Skymall to call a number of. This
firm is the main supplier in know-how services to incorporate their digital
service division, often known as Geek Squad. A number of fast details about Best Buy are that it
generates almost $40 billion yearly, it has about 1,400 shops nationwide and employs almost
125,000 folks [Bes16].
Ratios and Stability Sheet for Best Buy 2012-2016:
Belongings
Fiscal 12 months is FebruaryJanuary. All values
USD tens of millions.
2012 2013 2014 2015 2016 5-year development
Money & Brief Time period
Investments
1.2B 2.19B three.21B Four.07B three.47B
Money Only one.2B 1.45B 2.99B 2.62B 2.16B
BEST BUY FINANCIAL STATEMENT three
Fiscal 12 months is FebruaryJanuary. All values
USD tens of millions.
2012 2013 2014 2015 2016 5-year development
Money & Brief Time period
Investments
1.2B 2.19B three.21B Four.07B three.47B
Brief-Time period
Investments
– 343M 223M 1.46B 1.31B
Money & Brief
Time period Investments
Progress
– 82.57% 46.60% 26.89% -14.88%
Money & ST
Investments /
Complete Belongings
7.49% 13.04% 22.90% 26.69% 25.64%
Complete Accounts
Receivable
2.29B 2.7B 1.31B 1.28B 1.16B
Accounts
Receivables, Internet
2.29B 2.7B 1.31B 1.28B 1.16B
Accounts
Receivables,
2.29B 2.8B 1.41B 1.34B 1.21B
BEST BUY FINANCIAL STATEMENT Four
Fiscal 12 months is FebruaryJanuary. All values
USD tens of millions.
2012 2013 2014 2015 2016 5-year development
Money & Brief Time period
Investments
1.2B 2.19B three.21B Four.07B three.47B
Gross
Unhealthy
Debt/Uncertain
Accounts
– (92M) (104M) (59M) (49M)
Different
Receivables
– – – – –
Accounts
Receivable
Progress
– 18.18% -51.63% -2.14% -9.22%
Accounts
Receivable
Turnover
22.16 16.67 32.42 31.51 34.02
Inventories 5.73B 6.57B 5.38B 5.17B 5.05B
BEST BUY FINANCIAL STATEMENT 5
Fiscal 12 months is FebruaryJanuary. All values
USD tens of millions.
2012 2013 2014 2015 2016 5-year development
Money & Brief Time period
Investments
1.2B 2.19B three.21B Four.07B three.47B
Completed Items 5.73B 6.57B 5.38B 5.17B 5.05B
Work in Progress – – – – –
Uncooked Supplies – – – – –
Progress
Funds &
Different
– – – – –
Different Present Belongings 1.08B 583M 592M 1.2B 207M
Miscellaneous
Present Belongings
1.08B 583M 592M 1.2B 207M
Complete Present Belongings 10.3B 12.05B 10.49B 11.73B 9.89B
BEST BUY FINANCIAL STATEMENT 6
2012 2013 2014 2015 2016 5-year development
Internet Property, Plant &
Gear
three.47B three.27B 2.6B 2.3B 2.35B
Property, Plant &
Gear –
Gross
eight.25B eight.38B 7.58B 7.66B eight.11B
Buildings 775M 756M 758M 611M 613M
Land &
Enhancements
– – – – –
Pc
Software program and
Gear
– – – – –
Different
Property, Plant
& Gear
2.37B 7.51B 6.7B 6.93B 7.22B
Accrued
Depreciation
Four.78B 5.11B Four.98B 5.37B 5.76B
BEST BUY FINANCIAL STATEMENT 7
2012 2013 2014 2015 2016 5-year development
Complete Investments and
Advances
140M 86M 2M 97M 96M
Different Lengthy-Time period
Investments
140M 59M 2M 97M 96M
Lengthy-Time period Word
Receivable
– – – – –
Intangible Belongings 1.69B 862M 526M 482M 443M
Internet Goodwill 1.34B 528M 425M 425M 425M
Internet Different
Intangibles
359M 334M 101M 57M 18M
Different Belongings 403M 456M 358M 331M 238M
Tangible Different
Belongings
403M 368M 358M 331M 238M
BEST BUY FINANCIAL STATEMENT eight
2012 2013 2014 2015 2016 5-year development
Complete Belongings 16.01B 16.79B 14.01B 15.26B 13.52B
Belongings – Complete –
Progress
– Four.89% -16.52% eight.87% -11.39%
Liabilities & Shareholders’ Fairness
2012 2013 2014 2015 2016
5-year
development
ST Debt & Present Portion
LT Debt
523M 1.14B 107M 41M 395M
Brief Time period Debt 480M 596M 62M – –
Present Portion of
Lengthy Time period Debt
43M 547M 45M 41M 395M
Accounts Payable 5.36B 6.95B 5.06B 5.03B Four.45B
BEST BUY FINANCIAL STATEMENT 9
2012 2013 2014 2015 2016
5-year
development
Accounts Payable
Progress
– 29.59% -27.20% -Zero.59% -11.53%
Earnings Tax Payable 288M 129M 147M 230M 128M
Different Present Liabilities 2.68B 2.59B 2.12B 2.48B 1.95B
Dividends Payable – – – – –
Accrued Payroll – 520M 444M 372M 384M
Miscellaneous Present
Liabilities
2.68B 2.07B 1.68B 2.1B 1.57B
Complete Present Liabilities eight.86B 10.81B 7.44B 7.78B 6.93B
Lengthy-Time period Debt 1.69B 1.15B 1.61B 1.58B 1.34B
BEST BUY FINANCIAL STATEMENT 10
2012 2013 2014 2015 2016
5-year
development
Lengthy-Time period Debt excl.
Capitalized Leases
1.6B 975M 1.45B 1.5B 1.17B
Non-Convertible
Debt
1.6B 975M 1.45B 1.5B 1.17B
Convertible Debt – – – – –
Capitalized Lease
Obligations
81M 178M 158M 80M 171M
Provision for Dangers &
Expenses
– 58M 86M 96M 108M
Deferred Taxes – (56M) (23M) (322M) (510M)
Deferred Taxes –
Credit score
– 10M 21M – –
Deferred Taxes – Debit – 66M 44M 322M 510M
BEST BUY FINANCIAL STATEMENT 11
2012 2013 2014 2015 2016
5-year
development
Different Liabilities 1.1B 1.04B 869M 803M 769M
Different Liabilities (excl.
Deferred Earnings)
1.1B 690M 587M 608M 630M
Deferred Earnings – 351M 282M 195M 139M
Complete Liabilities 11.64B 13.07B 10.02B 10.26B 9.14B
Non-Fairness Reserves – – – – –
Complete Liabilities / Complete
Belongings
72.72% 77.87% 71.53% 67.23% 67.62%
Most well-liked Inventory (Carrying
Worth)
– – – – –
Redeemable Most well-liked
Inventory
– – – – –
BEST BUY FINANCIAL STATEMENT 12
2012 2013 2014 2015 2016
5-year
development
Non-Redeemable
Most well-liked Inventory
– – – – –
Widespread Fairness (Complete) three.75B three.06B three.99B 5B Four.38B
Widespread Inventory
Par/Carry Worth
34M 34M 35M 35M 32M
Retained Earnings three.62B 2.86B three.16B Four.14B Four.13B
ESOP Debt Assure – – – – –
Cumulative Translation
Adjustment/Unrealized
For. Exch. Acquire
93M 113M 485M 382M 271M
Unrealized Acquire/Loss
Marketable Securities
(3M) (1M) 7M – –
RAssessment Reserves – – – – –
BEST BUY FINANCIAL STATEMENT 13
2012 2013 2014 2015 2016
5-year
development
Treasury Inventory – – – – –
Widespread Fairness / Complete
Belongings
23.40% 18.23% 28.45% 32.74% 32.38%
Complete Shareholders’ Fairness three.75B three.06B three.99B 5B Four.38B
Complete Shareholders’
Fairness / Complete Belongings
23.40% 18.23% 28.45% 32.74% 32.38%
Accrued Minority
Curiosity
621M 654M 3M 5M –
Complete Fairness Four.37B three.72B three.99B 5B Four.38B
Liabilities & Shareholders’
Fairness
16.01B 16.79B 14.01B 15.26B 13.52B
Earnings Assertion/ Ratios
BEST BUY FINANCIAL STATEMENT 14
Fiscal 12 months is
February-January. All
values USD tens of millions.
2012 2013 2014 2015 2016 5-year development
Gross sales/Income 50.71B 45.09B 42.41B 40.34B 39.53B
Gross sales Progress – -11.08% -5.93% -Four.88% -2.01%
Price of Items Offered
(COGS) incl. D&A
38.11B 34.44B 32.98B 31.29B 30.42B
COGS excluding
D&A
37.17B 33.6B 32.27B 30.64B 29.77B
Depreciation &
Amortization
Expense
945M 832M 716M 656M 657M
Depreciation 897M 794M 701M 656M 657M
Amortization
of
Intangibles
48M 38M 15M – –
BEST BUY FINANCIAL STATEMENT 15
Fiscal 12 months is
February-January. All
values USD tens of millions.
2012 2013 2014 2015 2016 5-year development
COGS Progress – -9.65% -Four.21% -5.13% -2.78%
Gross Earnings 12.59B 10.65B 9.43B 9.05B 9.11B
Gross Earnings
Progress
– -15.42% -11.49% -Four.02% Zero.65%
Gross Revenue
Margin
– – – – 23.04% NA
2012 2013 2014 2015 2016 5-year development
SG&A Expense 10.24B 9.5B eight.36B 7.6B 7.61B
Analysis &
Improvement
– – – – –
Different SG&A 10.24B 9.5B eight.36B 7.6B 7.61B
BEST BUY FINANCIAL STATEMENT 16
2012 2013 2014 2015 2016 5-year development
SGA Progress – -7.22% -12.02% -9.05% Zero.07%
Different Working
Expense
– – – – –
Uncommon Expense 1.27B 1.27B (75M) (7M) 122M
EBIT after Uncommon
Expense
1.09B (125M) 1.14B 1.45B 1.38B
Non Working
Earnings/Expense
55M 18M 20M 13M 2M
Non-Working Curiosity
Earnings
37M 33M 27M 14M 13M
Fairness in Associates
(Pretax)
– – – – –
Curiosity Expense 134M 112M 100M 90M 80M
BEST BUY FINANCIAL STATEMENT 17
2012 2013 2014 2015 2016 5-year development
Curiosity Expense
Progress
– -16.42% -10.71% -10.00% -11.11%
Gross Curiosity
Expense
134M 112M 100M 90M 80M
Curiosity Capitalized – – – – –
Pretax Earnings 1.04B (186M) 1.09B 1.39B 1.31B
Pretax Earnings
Progress
– -117.83% 684.41% 27.60% -5.55%
Pretax Margin – – – – three.31% NA
Earnings Tax 709M 231M 398M 141M 503M
Earnings Tax –
Present Home
508M 171M 351M 405M 395M
BEST BUY FINANCIAL STATEMENT 18
2012 2013 2014 2015 2016 5-year development
Earnings Tax –
Present International
173M 79M 64M 33M 60M
Earnings Tax –
Deferred Home
95M 25M (20M) (301M) 75M
Earnings Tax –
Deferred International
(67M) (44M) 3M 4M (27M)
Earnings Tax Credit – – – – –
Fairness in Associates (4M) (4M) – – –
Different After Tax Earnings
(Expense)
– – – – –
Consolidated Internet
Earnings
330M (421M) 689M 1.25B 807M
Minority Curiosity
Expense
1.39B 22M 2M – –
BEST BUY FINANCIAL STATEMENT 19
2012 2013 2014 2015 2016 5-year development
Internet Earnings (1.06B) (443M) 687M 1.25B 807M
Internet Earnings
Progress
– 58.09% 255.08% 81.37% -35.23%
Internet Margin Progress – – – – 2.04% NA
Extraordinaries &
Discontinued
Operations
(174M) 2M (155M) (13M) 90M
Further Objects &
Acquire/Loss Sale
Of Belongings
– – – 1M 99M
Cumulative
Impact –
Accounting
Chg
– – – – –
Discontinued
Operations
(174M) 2M (155M) (14M) (9M)
BEST BUY FINANCIAL STATEMENT 20
2012 2013 2014 2015 2016 5-year development
Internet Earnings After
Extraordinaries
(1.23B) (441M) 532M 1.23B 897M
Most well-liked Dividends – – – – –
Internet Earnings Accessible to
Widespread
(1.23B) (441M) 532M 1.23B 798M
EPS (Fundamental) (three.36) (1.42) 1.56 three.53 2.30
EPS (Fundamental)
Progress
– 57.74% 209.86% 125.96% -34.67%
Fundamental Shares
Excellent
366.3M 338.6M 342.1M 349.5M 346.5M
EPS (Diluted) (three.36) (1.42) 1.53 three.48 2.28
EPS (Diluted)
Progress
– 57.74% 207.75% 127.73% -34.69%
BEST BUY FINANCIAL STATEMENT 21
2012 2013 2014 2015 2016 5-year development
Diluted Shares
Excellent
366.3M 338.6M 347.6M 353.6M 350.7M
EBITDA three.3B 1.98B 1.78B 2.1B 2.15B
EBITDA Progress – -39.94% -10.01% 17.86% 2.62%
EBITDA Margin – – – – 5.45% NA
As we are able to see from the desk posted above ( 5 12 months Financial Assertion ) Best Buy has
had a gentle lower of their gross sales/revenues in addition to their gross earnings. This could possibly be resulting from
the rivals that it faces comparable to Walmart and Amazon due to the pricing or availability
to folks. Despite the fact that we see a slight improve from 2015 to 2016 if I have been to suggest
something about Best Buy to an individual I might suggest they wait at the very least one other 12 months earlier than
investing to see if the corporate can come out of its melancholy it seems to have been going
by way of or if it’s going to proceed to return down.
BEST BUY FINANCIAL STATEMENT 22
References
Best Buy. (2016). Best Buy. Retrieved from Company Best Buy:
https://company.bestbuy.com/about-best-buy/
Hubert Joly. (2015, Mar 31). Fiscal 2015 Annual Report. Retrieved from Best Buy:
AssignmentTutorOnline
Click on to entry FY-2015-AnnualReport-on-Kind-10Ok.pdf
Final Title, F. M. (12 months). Article Title. Journal Title, Pages From – To.
Final Title, F. M. (12 months). E book Title. Metropolis Title: Writer Title.
Market Watch, Inc. (2016). BBY Annual Stability Sheet. Retrieved from Market Watch:
http://www.marketwatch.com/investing/inventory/BBY/financials/balance-sheet
Market Watch, Inc. (2016). BBY Annual Earnings Assertion. Retrieved from Market Watch:
http://www.marketwatch.com/investing/inventory/BBY/financials
BEST BUY FINANCIAL STATEMENT 23
