Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 24

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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438$8,623$665$9,288Cost of sales6,6655797,2446,5965067,102Adjusted SG&A (2)1,6821431,8251,6631421,805Adjusted operating income$351$18369$364$17381Restructuring charges114(7)Intangible asset amortization45Operating income251383Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other1821Interest expense(12)(13)Earnings before income tax expense and equity in income of affiliates$253$391(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.

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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):