EX-99.4 6 a03-2615_1ex99d4.htm EX-99.4

Exhibit 99.4

 

Best Buy Co., Inc.
Supplemental Historical Information*
Consolidated Statements of Cash Flows
($ in millions)
(Unaudited)

 

 

 

Six Months Ended

 

Nine Months Ended

 

 

 

Aug. 31, 2002

 

Nov. 30, 2002

 

Operating Activities

 

 

 

 

 

Net loss

 

$

(271

)

$

(212

)

Loss from discontinued operations, net of tax

 

347

 

374

 

Cumulative effect of change in accounting principles, net of tax

 

82

 

82

 

Earnings from continuing operations

 

158

 

244

 

Adjustments to reconcile earnings from continuing operations to net cash used in operating activities:

 

 

 

 

 

Depreciation

 

146

 

225

 

Deferred income taxes

 

(9

)

(14

)

Other

 

10

 

15

 

Changes in operating assets and liabilities, net of acquired assets and liabilities:

 

 

 

 

 

Receivables

 

(14

)

(354

)

Merchandise inventories

 

(322

)

(1,612

)

Other assets

 

(21

)

(32

)

Accounts payable

 

(125

)

1,465

 

Other liabilities

 

(4

)

95

 

Income taxes

 

(114

)

(71

)

Total cash used in operating activities from continuing operations

 

(295

)

(39

)

Investing Activities

 

 

 

 

 

Additions to property and equipment

 

(403

)

(598

)

Acquisition of business, net of cash acquired

 

 

(3

)

Decrease in recoverable costs from developed properties

 

21

 

44

 

Total cash used in investing activities from continuing operations

 

(382

)

(557

)

Financing Activities

 

 

 

 

 

Net proceeds from issuance of long-term debt

 

10

 

15

 

Long-term debt payments

 

(4

)

(12

)

Issuance of common stock

 

36

 

39

 

Total cash provided by financing activities from continuing operations

 

42

 

42

 

Net Cash Used in Discontinued Operations

 

(112

)

(158

)

Decrease in Cash and Cash Equivalents

 

(747

)

(712

)

Cash and Cash Equivalents at Beginning of Year

 

1,861

 

1,861

 

Cash and Cash Equivalents at End of Period

 

$

1,114

 

$

1,149

 


*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.