Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 25

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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arnings before income tax expense and equity in income (loss) of affiliates$205$356(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions and non-cash impairments of certain long-lived assets.

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Nine Months EndedNovember 1, 2025November 2, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$25,703$2,174$27,877$25,523$2,057$27,580Cost of sales19,6951,69121,38619,5301,58321,113Adjusted SG&A (2)4,9684335,4014,9664365,402Adjusted operating income$1,040$501,090$1,027$381,065Restructuring charges2184Goodwill and intangible asset impairments171-Intangible asset amortization1216Long-lived asset impairment21-Operating income6681,045Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other5265Interest expense(36)(38)Earnings before income tax expense and equity in income (loss) of affiliates$680$1,072(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions and non-cash impairments of certain long-lived assets.Other expense and cash flow information by segment was as follows ($ in millions):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Capital expendituresDomestic$158$174$469$472International30196056Total capital expenditures$188$193$529$528Depreciation and amortizationDomestic$196$202$598$619International10113031Total depreciation and amortization$206$213$628$650Asset information by segment was as follows ($ in millions):November 1, 2025February 1, 2025November 2, 2024Domestic$15,219 $13,567 $15,551 International1,567 1,215 1,467 Total assets$16,