Best Buy (BBY) 8-K Best Buy Reports Fiscal Second Quarter 2013 Results

Exhibit 99.2

BEST BUY CO., INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Financials Recast for New Fiscal Year
($ in millions)
(Unaudited and subject to reclassification)
	Fiscal Year 2011			Fiscal Year 2012
	Twelve Months Ended			Three Months Ended			Six Months Ended			Nine Months Ended			Twelve Months Ended
	1/29/2011			4/30/2011			7/30/2011			10/29/2011			1/28/2012
OPERATING ACTIVITIES
Net earnings (loss) including noncontrolling interests	$	1,374		$	239		$	350		$	524		$	(69	)
Adjustments to reconcile net earnings to total cash provided by operating activities:
Depreciation and amortization of definite-lived intangible assets	982			237			478			708			932
Goodwill impairment	—			—			—			—			1,207
Realized gain on sale of investments	—			—			—			—			(55		)
Other operating activities, net	60			(114		)	(293		)	(199		)	434
Changes in certain operating assets and liabilities, net of acquired assets and liabilities:
Receivables	(327		)	616			476			322			(256		)
Merchandise inventories	(873		)	926			659			(393		)	524
Accounts payable	—			(561		)	(501		)	938			353
Total cash provided by operating activities	1,216			1,343			1,169			1,900			3,070
INVESTING ACTIVITIES
Additions to property and equipment	(706		)	(172		)	(377		)	(580		)	(747		)
Other, net	163			29			(65		)	25			82
Total cash used in investing activities	(543		)	(143		)	(442		)	(555		)	(665		)
FINANCING ACTIVITIES
Repurchase of common stock	(1,193		)	(260		)	(737		)	(1,056		)	(1,368		)
Borrowings (repayments) of debt, net	(99		)	461			809			581			513
Payment to noncontrolling interest	—			—			—			—			(1,303		)
Other, net	(62		)	36			(76		)	(136		)	(191		)
Total cash (used in) provided by financing activities	(1,354		)	237			(4		)	(611		)	(2,349		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	24			18			18			1			7
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(657		)	1,455			741			735			63
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,995			1,338			1,338			1,338			1,338
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1,338		$	2,793		$	2,079		$	2,073		$	1,401
Total cash provided by operating activities	$	1,216		$	1,343		$	1,169		$	1,900		$	3,070
Additions to property and equipment	(706		)	(172		)	(377		)	(580		)	(747		)
Free cash flow	$	510		$	1,171		$	792		$	1,320		$	2,323