EX-99.3 5 a03-2615_1ex99d3.htm EX-99.3

Exhibit 99.3

 

Best Buy Co., Inc.

Supplemental Historical Information*
Consolidated Statements of Earnings
($ in millions, except per share amounts)
(Unaudited)

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

Nov. 30, 2002

 

Nov. 30, 2002

 

Revenue

 

$

5,131

 

$

13,957

 

Cost of goods sold

 

3,881

 

10,474

 

Gross profit

 

1,250

 

3,483

 

Selling, general and administrative expenses

 

1,110

 

3,085

 

Operating income

 

140

 

398

 

Net interest expense

 

 

1

 

Earnings from continuing operations before income tax expense

 

140

 

397

 

Income tax expense

 

54

 

153

 

Earnings from continuing operations

 

86

 

244

 

Loss from discontinued operations, net of tax

 

(27

)

(374

)

Cumulative effect of change in accounting principle for goodwill, net of $24 tax

 

 

(40

)

Cumulative effect of change in accounting principle for vendor allowances, net of $26 tax

 

 

(42

)

Net earnings (loss)

 

$

59

 

$

(212

)

Basic earnings (loss) per share:

 

 

 

 

 

Continuing operations

 

$

0.27

 

$

0.76

 

Discontinued operations

 

(0.08

)

(1.17

)

Cumulative effect of accounting changes

 

 

(0.25

)

Basic earnings (loss) per share

 

$

0.18

 

$

(0.66

)

Diluted earnings (loss) per share:

 

 

 

 

 

Continuing operations

 

$

0.27

 

$

0.75

 

Discontinued operations

 

(0.08

)

(1.15

)

Cumulative effect of accounting changes

 

 

(0.25

)

Diluted earnings (loss) per share

 

$

0.18

 

$

(0.65

)

Basic weighted average common shares outstanding (in millions)

 

321.5

 

320.9

 

Diluted weighted average common shares outstanding (in millions)

 

324.1

 

324.9

 


*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.