Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 55

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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ables, net(1)$605$504$471Short-term contract liabilities included in:Unredeemed gift card liabilities231253246Deferred revenue853951878Accrued liabilities675058Long-term contract liabilities included in:Long-term liabilities209229237(1)Receivables are recorded net of allowances for expected credit losses of $15 million, $20 million and $16 million as of November 1, 2025, February 1, 2025, and November 2, 2024, respectively. During the first nine months of fiscal 2026 and fiscal 2025, $1,003 million and $1,054 million of revenue was recognized, respectively, that was included in the contract liabilities at the beginning of the respective periods. Estimated revenue from our contract liability balances expected to be recognized in future periods if the performance of the contract is expected to have an initial duration of more than one year is as follows ($ in millions):Fiscal YearAmountRemainder of fiscal 2026$9Fiscal 202735Fiscal 202831Fiscal 202927Fiscal 203027Fiscal 203127Thereafter89See Note 11, Segments, for information on our revenue by reportable segment and product category.

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8.     Earnings per Share

We compute our basic earnings per share based on the weighted-average number of common shares outstanding and our diluted earnings per share based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued as calculated using the treasury stock method.Reconciliations of the numerators and denominators of basic and diluted earnings per share were as follows ($ and shares in millions, except per share amounts):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024NumeratorNet earnings$140$273$528$810DenominatorWeighted-average common shares outstanding210.7214.8211.4215.7Dilutive effect of stock compensation plan awards1.41.91.31.5Weighted-average common shares outstanding, assuming dilution212.1216.7212.7217.2Potential shares which were anti-dilutive and excluded from weighted-average share computations--0.1-Basic earnings per share$0.67$1.27$2.50$3.76Diluted earnings