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Supplementary Financial Information (Tables)
12 Months Ended
Feb. 01, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of supplementary financial information
The following tables show selected operating results for each 3-month quarter and full year of fiscal 2014 and 2013 (11-month)(unaudited) ($ in millions):
 
Quarter
 
12-Month
 
1st
 
2nd
 
3rd
 
4th
 
2014
Revenue
$
9,347

 
$
9,266

 
$
9,327

 
$
14,470

 
$
42,410

Comparable store sales % change(1)
(1.4
)%
 
(0.6
)%
 
0.3
%
 
(1.2
)%
 
(0.8
)%
Gross profit
$
2,158

 
$
2,458

 
$
2,157

 
$
2,917

 
$
9,690

Operating income(2)
168

 
413

 
90

 
469

 
1,140

Net earnings from continuing operations
97

 
237

 
44

 
311

 
689

Gain (loss) from discontinued operations, net of tax
(170
)
 
11

 
10

 
(17
)
 
(166
)
Net earnings (loss) including noncontrolling interests
(73
)
 
248

 
54

 
294

 
523

Net earnings (loss) attributable to Best Buy Co., Inc. shareholders
(81
)
 
266

 
54

 
293

 
532

Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.29

 
$
0.69

 
$
0.12

 
$
0.88

 
$
1.98

Discontinued operations
(0.53
)
 
0.08

 
0.04

 
(0.05
)
 
(0.45
)
Diluted earnings (loss) per share
$
(0.24
)
 
$
0.77

 
$
0.16

 
$
0.83

 
$
1.53


 
Quarter
 
11-Month
 
1st
 
2nd
 
3rd
 
4th
 
2013(4)
Revenue
$
10,343

 
$
9,306

 
$
9,343

 
$
14,921

 
$
39,827

Comparable store sales % decline(1)
(5.2
)%
 
(3.3
)%
 
(5.1
)%
 
(1.4
)%
 
(3.4
)%
Gross profit
$
2,572

 
$
2,249

 
$
2,213

 
$
3,331

 
$
9,298

Operating income (loss)(5)
263

 
87

 

 
(181
)
 
(119
)
Net earnings (loss) from continuing operations
169

 
30

 
(9
)
 
(460
)
 
(467
)
Gain (loss) from discontinued operations, net of tax
(17
)
 
(37
)
 
10

 
81

 
47

Net earnings (loss) including noncontrolling interests
152

 
(7
)
 
1

 
(379
)
 
(420
)
Net earnings (loss) attributable to Best Buy Co., Inc. shareholders
158

 
12

 
(10
)
 
(409
)
 
(441
)
Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.49

 
$
0.09

 
$
(0.03
)
 
$
(1.36
)
 
$
(1.38
)
Discontinued operations
(0.03
)
 
(0.05
)
 

 
0.15

 
0.08

Diluted earnings (loss) per share
$
0.46

 
$
0.04

 
$
(0.03
)
 
$
(1.21
)
 
$
(1.30
)
Note: Certain fiscal year totals may not add due to rounding.
(1)
Comprised of revenue from stores operating for at least 14 full months, as well as revenue related to call centers, websites and our other comparable sales channels. Revenue we earn from sales of merchandise to wholesalers or dealers is generally not included within our comparable store sales calculation. Relocated, remodeled and expanded stores are excluded from our comparable store sales calculation until at least 14 full months after reopening. Acquired stores are included in our comparable store sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The portion of our calculation of the comparable store sales percentage change attributable to our International segment excludes the effect of fluctuations in foreign currency exchange rates. The method of calculating comparable store sales varies across the retail industry. As a result, our method of calculating comparable store sales may not be the same as other retailers' methods. The calculation of comparable store sales excludes the impact of the extra week of revenue in the fourth quarter of fiscal 2012, as well as revenue from discontinued operations for all periods presented.
(2)
Includes $6 million, $7 million, $31 million and $115 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $159 million for the 12 months ended February 1, 2014, related to measures we took to restructure our businesses.
(3)
The sum of our quarterly diluted earnings per share does not equal our annual diluted earnings per share due to the impact of the timing of the repurchases of common stock and stock option exercises on quarterly and annual weighted-average shares outstanding.
(4)
On November 2, 2011, our Board of Directors approved a change to our fiscal year-end from the Saturday nearest the end of February to the Saturday nearest the end of January. In the first quarter of fiscal 2013 (11-month), we began reporting our quarterly results on the basis of our new fiscal year-end. As such, the results for the month of February 2012, which are included in the audited results for fiscal 2012, were also included in the reported first quarter of fiscal 2013 (11-month). However, the results for the month of February 2012 are not included in the results for the full year of fiscal 2013 (11-month). Thus, the four quarters of fiscal year 2013 (11-month) are not additive.
(5)
Includes $127 million, $91 million, $34 million and $169 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $415 million for the 11 months ended February 2, 2013, related to measures we took to restructure our businesses. Also included in the fourth quarter and 11 months ended February 2, 2013, is a $822 million goodwill impairment charge related to our Canada, Five Star and U.S. reporting units.