EX-99.1 3 a03-2615_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Best Buy Co., Inc.
Supplemental Historical Information*
Consolidated Condensed Balance Sheets
($ in millions)
(Unaudited)

 

 

Assets

 

Aug. 31, 2002

 

Nov. 30, 2002

 

Current Assets

 

 

 

 

 

Cash and cash equivalents

 

$

1,114

 

$

1,149

 

Receivables

 

235

 

575

 

Recoverable costs from developed properties

 

58

 

35

 

Merchandise inventories

 

2,133

 

3,423

 

Other current assets

 

125

 

131

 

Current assets of discontinued operations

 

459

 

605

 

Total current assets

 

4,124

 

5,918

 

Property and Equipment

 

 

 

 

 

Property and equipment

 

2,824

 

3,000

 

Less accumulated depreciation and amortization

 

907

 

975

 

Net property and equipment

 

1,917

 

2,025

 

Goodwill, Net

 

410

 

407

 

Intangible Assets

 

 

32

 

Other Assets

 

92

 

96

 

Noncurrent Assets of Discontinued Operations

 

261

 

260

 

Total Assets

 

$

6,804

 

$

8,738

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

Aug. 31, 2002

 

Nov. 30, 2002

 

Current Liabilities

 

 

 

 

 

Accounts payable

 

$

2,081

 

$

3,674

 

Accrued compensation and related expenses

 

155

 

175

 

Accrued liabilities

 

614

 

726

 

Accrued income taxes

 

96

 

122

 

Current portion of long-term debt

 

6

 

2

 

Current liabilities of discontinued operations

 

391

 

533

 

Total current liabilities

 

3,343

 

5,232

 

Long-Term Liabilities

 

296

 

276

 

Long-Term Debt

 

821

 

822

 

Noncurrent Liabilities of Discontinued Operations

 

18

 

19

 

Shareholders’ Equity

 

2,326

 

2,389

 

Total Liabilities and Shareholders’ Equity

 

$

6,804

 

$

8,738

 


*Note: This presentation reflects: (a) the classification of Musicland as discontinued operations; and (b) the adoption of the accounting principle established in EITF Issue No. 02-16, Accounting by a Reseller for Cash Consideration Received from a Vendor, in each case, as if such changes were in effect as of and for the dates indicated. Certain other amounts have been reclassified to conform to the current year’s presentation.