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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 30, 2016
Jan. 31, 2015
Feb. 01, 2014
Revenue $ 39,528 $ 40,339 $ 40,611
Cost of goods sold 30,334 31,292 31,212
Restructuring charges — cost of goods sold 3 0 0
Gross profit 9,191 9,047 9,399
Selling, general and administrative expenses 7,618 7,592 8,106
Restructuring charges 198 5 149
Operating income 1,375 [1] 1,450 [2] 1,144
Other income (expense)      
Gain on sale of investments 2 13 20
Investment income and other 13 14 19
Interest expense (80) (90) (100)
Earnings from continuing operations before income tax expense 1,310 1,387 1,083
Income tax expense 503 141 388
Net earnings from continuing operations 807 1,246 695
Gain (loss) from discontinued operations (Note 2), net of tax benefit (expense) of $(1), $0 and $31 90 (11) (172)
Net earnings including noncontrolling interests 897 1,235 523
Net (earnings) loss from discontinued operations attributable to noncontrolling interests 0 (2) 9
Net earnings attributable to Best Buy Co., Inc. shareholders $ 897 $ 1,233 $ 532
Basic earnings (loss) per share attributable to Best Buy Co., Inc. shareholders      
Continuing operations $ 2.33 $ 3.57 $ 2.03
Discontinued operations 0.26 (0.04) (0.47)
Basic earnings per share 2.59 3.53 1.56
Diluted earnings (loss) per share attributable to Best Buy Co., Inc. shareholders      
Continuing operations 2.30 3.53 2.00
Discontinued operations 0.26 [3] (0.04) [3] (0.47)
Diluted earnings per share $ 2.56 $ 3.49 $ 1.53
Weighted-average common shares outstanding (in millions)      
Basic 346.5 349.5 342.1
Diluted 350.7 353.6 347.6
[1] Includes $186 million, $(4) million, $7 million and $12 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $201 million for the 12 months ended January 30, 2016 related to measures we took to restructure our businesses.
[2] Includes $2 million, $5 million, $5 million and $(7) million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $5 million for the 12 months ended January 31, 2015 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 differences in quarterly and annual weighted-average shares outstanding.