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.