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

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1.    Financial Statements

Condensed Consolidated Balance Sheets

$ in millions, except per share amounts (unaudited)

November 1, 2025February 1, 2025November 2, 2024AssetsCurrent assetsCash and cash equivalents$923$1,578$643Receivables, net1,0171,044932Merchandise inventories7,9935,0857,806Other current assets640517574Total current assets10,5738,2249,955Property and equipment, net2,0372,1222,196Operating lease assets2,8382,8332,842Goodwill7909081,383Other assets548695642Total assets$16,786$14,782$17,018Liabilities and equityCurrent liabilitiesAccounts payable$7,319$4,980$7,145Unredeemed gift card liabilities231253246Deferred revenue853951878Accrued compensation and related expenses392464361Accrued liabilities689741690Current portion of operating lease liabilities619617616Current portion of long-term debt101012Total current liabilities10,1138,0169,948Long-term operating lease liabilities2,3092,2822,293Long-term debt1,1551,1441,144Long-term liabilities556532551Contingencies (Note 10)EquityBest Buy Co., Inc. Shareholders' EquityPreferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none---Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 210.0 million, 211.4 million and 213.8 million shares, respectively222222Additional paid-in capital16--Retained earnings2,3062,4862,751Accumulated other comprehensive income309300309Total equity2,6532,8083,082Total liabilities and equity$16,786$14,782$17,018

NOTE: The Consolidated Balance Sheet as of February 1, 2025, has been condensed from the audited consolidated financial statements.

See Notes to Condensed Consolidated Financial Statements.

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Table of Contents

Condensed Consolidated Statements of Earnings

$ and shares in millions, except per share amounts (unaudited)

Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1,