Best Buy (BBY) 8-K Financial statements and exhibits

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.