XML 72 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Supplementary Financial Information
 12 Months Ended
Jan. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Financial Information (Unaudited)
Supplementary Financial Information (Unaudited)

The following tables show selected operating results for each 3-month quarter and full year of fiscal 2015 and 2014 (unaudited) ($ in millions):
 
Quarter
 
12-Month
 
1st
 
2nd
 
3rd
 
4th
 
2015
Revenue
$
8,639

 
$
8,459

 
$
9,032

 
$
14,209

 
$
40,339

Comparable sales % change(1)
(1.8
)%
 
(2.2
)%
 
2.9
%
 
2.0
%
 
0.5
%
Gross profit
$
1,967

 
$
1,978

 
$
2,076

 
$
3,026

 
$
9,047

Operating income(2)
210

 
225

 
205

 
810

 
1,450

Net earnings from continuing operations
469

 
137

 
116

 
524

 
1,246

Gain (loss) from discontinued operations, net of tax
(8
)
 
10

 
(9
)
 
(4
)
 
(11
)
Net earnings including noncontrolling interests
461

 
147

 
107

 
520

 
1,235

Net earnings attributable to Best Buy Co., Inc. shareholders
461

 
146

 
107

 
519

 
1,233

Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.33

 
$
0.39

 
$
0.33

 
$
1.47

 
$
3.53

Discontinued operations
(0.02
)
 
0.03

 
(0.03
)
 
(0.01
)
 
(0.04
)
Diluted earnings per share
$
1.31

 
$
0.42

 
$
0.30

 
$
1.46

 
$
3.49


 
Quarter
 
12-Month
 
1st
 
2nd
 
3rd
 
4th
 
2014
Revenue
$
8,928

 
$
8,734

 
$
8,924

 
$
14,025

 
$
40,611

Comparable sales % decline(1)
(1.8
)%
 
(0.6
)%
 
0.5
%
 
(1.3
)%
 
(1.0
)%
Gross profit
$
2,105

 
$
2,373

 
$
2,093

 
$
2,828

 
$
9,399

Operating income(4)
187

 
405

 
100

 
452

 
1,144

Net earnings from continuing operations
112

 
233

 
50

 
300

 
695

Gain (loss) from discontinued operations, net of tax
(185
)
 
15

 
4

 
(6
)
 
(172
)
Net earnings (loss) including noncontrolling interests
(73
)
 
248

 
54

 
294

 
523

Net earnings (loss) attributable to Best Buy Co., Inc. shareholders
(81
)
 
266

 
54

 
293

 
532

Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.33

 
$
0.67

 
$
0.15

 
$
0.85

 
$
2.00

Discontinued operations
(0.57
)
 
0.10

 
0.01

 
(0.02
)
 
(0.47
)
Diluted earnings (loss) per share
$
(0.24
)
 
$
0.77

 
$
0.16

 
$
0.83

 
$
1.53

(1)
Our comparable sales calculation compares revenue from stores, websites and call centers operating for at least 14 full months, as well as revenue related to certain other comparable sales channels for a particular period to a corresponding period in the prior year. Relocated, as well as remodeled, expanded and downsized stores closed more than 14 days, are excluded from our comparable store sales calculation until at least 14 full months after reopening. Acquisitions are included in the comparable sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The portion of the calculation of comparable sales attributable to our International segment excludes the effect of fluctuations in foreign currency exchange rates. The calculation of comparable sales excludes the impact of revenue from discontinued operations. Comparable online sales are included in our comparable sales calculation. The method of calculating comparable sales varies across the retail industry. As a result, our method of calculating comparable sales may not be the same as other retailers' methods.
(2)
Includes $2 million, $5 million, $5 million and $(7) million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $5 million for the 12 months ended January 31, 2015 related to measures we took to restructure our businesses.
(3)
The sum of our quarterly diluted earnings per share does not equal our annual diluted earnings per share due to differences in quarterly and annual weighted-average shares outstanding.
(4)
Includes $5 million, $4 million, $27 million and $113 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $149 million for the 12 months ended February 1, 2014 related to measures we took to restructure our businesses.