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

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1.    Financial Statements

Condensed Consolidated Balance Sheets

$ in millions, except per share amounts (unaudited)

August 2, 2025February 1, 2025August 3, 2024AssetsCurrent assetsCash and cash equivalents$1,456$1,578$1,387Receivables, net9171,044871Merchandise inventories5,8165,0855,706Other current assets688517598Total current assets8,8778,2248,562Property and equipment, net2,0462,1222,183Operating lease assets2,8162,8332,860Goodwill9089081,383Other assets606695636Total assets$15,253$14,782$15,624Liabilities and equityCurrent liabilitiesAccounts payable$5,682$4,980$5,542Unredeemed gift card liabilities230253243Deferred revenue889951940Accrued compensation and related expenses448464347Accrued liabilities684741756Current portion of operating lease liabilities610617610Current portion of long-term debt101013Total current liabilities8,5538,0168,451Long-term operating lease liabilities2,2922,2822,316Long-term debt1,1641,1441,157Long-term liabilities528532593Contingencies (Note 10)EquityBest Buy Co., Inc. Shareholders' EquityPreferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none---Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 210.4 million, 211.4 million and 215.0 million shares, respectively222222Additional paid-in capital---Retained earnings2,3812,4862,775Accumulated other comprehensive income313300310Total equity2,7162,8083,107Total liabilities and equity$15,253$14,782$15,624

NOTE: The Consolidated Balance Sheet as of February 1, 2025, has been condensed from the audited consolidated financial statements.

See Notes to Condensed Consolidated Financial Statements.

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Table of Contents

Condensed Consolidated Statements of Earnings

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

Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2