Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 89

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part II, Item 2
Chunk 89
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Table of Contents

Six Months EndedAugust 2, 2025August 3, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$16,825$1,380$18,205$16,826$1,309$18,135Cost of sales12,8841,07813,96212,8821,00313,885Adjusted SG&A (2)3,2612803,5413,2552813,536Adjusted operating income$680$22702$689$25714Restructuring charges2238Intangible asset amortization911Operating income470695Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other3346Interest expense(24)(25)Earnings before income tax expense and equity in income of affiliates$475$716(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.Other expense and cash flow information by segment was as follows ($ in millions):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Capital expendituresDomestic$161$160$311$298International14233037Total capital expenditures$175$183$341$335Depreciation and amortizationDomestic$201$208$402$417International10102020Total depreciation and amortization$211$218$422$437Asset information by segment was as follows ($ in millions):August 2, 2025February 1, 2025August 3, 2024Domestic$13,926 $13,567 $14,471 International1,327 1,215 1,153 Total assets$15,253 $14,782 $15,624 

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Table of Contents

Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations

Unless the context otherwise requires, the use of the terms “Best Buy,” “we,” “us” and “our” refers to Best Buy Co., Inc. and its consolidated subsidiaries. Any references to our website addresses do not constitute incorporation by reference of the information contained on the websites.

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to provide