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

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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chandise inventories(2,903)(2,869)Other assets3(16)Accounts payable2,3152,483Income taxes(133)(219)Other liabilities(340)(397)Total cash provided by operating activities684561Investing activitiesAdditions to property and equipment(529)(528)Disposal of subsidiary(27)-Other, net16Total cash used in investing activities(555)(522)Financing activitiesRepurchase of common stock(200)(285)Dividends paid(602)(607)Repayments of debt(10)(13)Other, net413Total cash used in financing activities(808)(892)Effect of exchange rate changes on cash and cash equivalents5(2)Decrease in cash, cash equivalents and restricted cash(674)(855)Cash, cash equivalents and restricted cash at beginning of period1,8681,793Cash, cash equivalents and restricted cash at end of period$1,194$938

See Notes to Condensed Consolidated Financial Statements.

6

Condensed Consolidated Statements of Changes in Shareholders' Equity

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

Common SharesCommon StockAdditional Paid-In CapitalRetained EarningsAccumulated Other ComprehensiveIncome (Loss)TotalBalances at August 2, 2025210.4$22$-$2,381$313$2,716Net earnings, three months ended November 1, 2025---140-140Other comprehensive loss:Foreign currency translation adjustments, net of tax----(4)(4)Stock-based compensation--31--31Issuance of common stock0.1-3--3Common stock dividends, $0.95 per share--4(203)-(199)Repurchase of common stock(0.5)-(22)(12)-(34)Balances at November 1, 2025210.0$22$16$2,306$309$2,653Balances at February 1, 2025211.4$22$-$2,486$300$2,808Net earnings, nine months ended November 1, 2025---528-528Other comprehensive income:Foreign currency translation adjustments, net of tax----99Stock-based compensation--106--106Issuance of common stock1.6-5--5Common stock dividends, $2.85 per share--14(616)-(602)Repurchase of common stock(3.0)-(109)(92)-(201)Balances at November