Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 12

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 activities783817Investing activitiesAdditions to property and equipment(341)(335)Disposal of subsidiary(27)-Other, net(1)(17)Total cash used in investing activities(369)(352)Financing activitiesRepurchase of common stock(165)(148)Dividends paid(403)(405)Other, net(6)(4)Total cash used in financing activities(574)(557)Effect of exchange rate changes on cash and cash equivalents5(3)Decrease in cash, cash equivalents and restricted cash(155)(95)Cash, cash equivalents and restricted cash at beginning of period1,8681,793Cash, cash equivalents and restricted cash at end of period$1,713$1,698

See Notes to Condensed Consolidated Financial Statements.

6

Table of Contents

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 May 3, 2025211.3$22$-$2,428$313$2,763Net earnings, three months ended August 2, 2025---186-186Stock-based compensation--35--35Common stock dividends, $0.95 per share--4(205)-(201)Repurchase of common stock(0.9)-(39)(28)-(67)Balances at August 2, 2025210.4$22$-$2,381$313$2,716Balances at February 1, 2025211.4$22$-$2,486$300$2,808Net earnings, six months ended August 2, 2025---388-388Other comprehensive income:Foreign currency translation adjustments, net of tax----1313Stock-based compensation--75--75Issuance of common stock1.5-2--2Common stock dividends, $1.90 per share--10(413)-(403)Repurchase of common stock(2.5)-(87)(80)-(167)Balances at August 2, 2025210.4$22$-$2,381$313$2,716Balances at May 4, 2024216.1$22$26$2,722$312$3,082Net earnings, three months ended August 3, 2024---291-291Other comprehensive loss:Foreign currency