← BEST BUY CO INC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $1.2b $1.0b $1.5b $1.5b $1.8b $2.5b $1.4b $1.2b $927.0m $1.1b
Net Income (Loss) Attributable to Parent $1.2b $1.0b — $1.5b — $2.5b $1.4b $1.2b $927.0m $1.1b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — $999.0m — $1.5b — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.2b — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $21.0m $1.0m — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $21.0m — — — — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.2b — — — — — — — — —
Amortization of Intangible Assets — — — $72.0m — $82.0m $86.0m $61.0m $21.0m $14.0m
Depreciation $654.0m $683.0m $770.0m $740.0m $839.0m $787.0m $832.0m $862.0m $866.0m $831.0m
Depreciation and amortization $654.0m $683.0m $770.0m $812.0m $839.0m $869.0m $918.0m $923.0m $866.0m $831.0m
Depreciation, Depletion and Amortization $654.0m $683.0m $770.0m $812.0m $839.0m $869.0m $918.0m $923.0m $866.0m $831.0m
Deferred Income Tax Expense (Benefit) $201.0m $162.0m — $70.0m — $14.0m $51.0m ($214.0m) ($59.0m) $60.0m
Deferred income taxes $201.0m $162.0m $10.0m $70.0m ($36.0m) $14.0m $51.0m ($214.0m) ($59.0m) $60.0m
Goodwill and Intangible Asset Impairment — — — — — — $0 $0 $475.0m $171.0m
Goodwill and intangible asset impairments — — — — — — — $0 $475.0m $171.0m
Goodwill, Impairment Loss — — — — — — — — $475.0m —
Long-lived asset impairments — — — — — — — $2.0m $2.0m $21.0m
Share-based Payment Arrangement, Expense — — — — — $141.0m $138.0m $145.0m $139.0m $139.0m
Share-based Payment Arrangement, Noncash Expense $108.0m $129.0m — $143.0m — $141.0m $138.0m $145.0m $139.0m $139.0m
Gain (Loss) on Disposition of Business $0 $0 — — — — — $21.0m — ($6.0m)
Income (Loss) from Equity Method Investments — — — — — $4.0m $1.0m $1.0m $4.0m $2.0m
Income Tax Expense (Benefit) $609.0m $818.0m — $452.0m — $574.0m $370.0m $381.0m $372.0m $337.0m
Interest Expense Nonoperating — — — — — — — — — $47.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $518.0m ($196.0m) $432.0m $47.0m $1.7b ($201.0m) ($1.1b) ($1.0b) $358.0m ($238.0m)
Accrued capital expenditures $582.0m $688.0m — $743.0m — $737.0m $930.0m $795.0m $706.0m $704.0m
Additions to property and equipment ($582.0m) ($688.0m) ($819.0m) ($743.0m) ($713.0m) ($737.0m) ($930.0m) ($795.0m) ($706.0m) ($704.0m)
Disposal of subsidiary — — — — — — — $14.0m $0 ($27.0m)
Gain on sale of subsidiary, net $0 $0 — — — — — ($21.0m) $0 $6.0m
Goodwill $425.0m $425.0m — $984.0m — $1.4b $1.4b $1.4b $908.0m $790.0m
Income taxes ($213.0m) $290.0m $22.0m ($132.0m) $173.0m ($156.0m) $36.0m $52.0m ($212.0m) ($7.0m)
Increase (Decrease) in Accounts Payable $518.0m ($196.0m) — $47.0m — ($201.0m) ($1.1b) ($1.0b) $358.0m ($238.0m)
Increase (Decrease) in Inventories — — — ($237.0m) — $328.0m ($809.0m) ($178.0m) $155.0m $126.0m
Increase (Decrease) in Other Operating Assets ($10.0m) $21.0m — ($16.0m) — $14.0m $21.0m $18.0m ($11.0m) ($34.0m)
Increase (Decrease) in Other Operating Liabilities $23.0m $117.0m — — — — — — — —
Merchandise inventories $193.0m ($335.0m) ($194.0m) $237.0m ($435.0m) ($328.0m) $809.0m $178.0m ($155.0m) ($126.0m)
Other assets $10.0m ($21.0m) ($34.0m) $16.0m ($51.0m) ($14.0m) ($21.0m) ($18.0m) $11.0m $34.0m
Other liabilities $23.0m $117.0m ($234.0m) ($100.0m) $498.0m $479.0m ($483.0m) ($174.0m) ($150.0m) ($199.0m)
Other, net $22.0m ($1.0m) ($6.0m) ($1.0m) ($1.0m) ($3.0m) $7.0m ($3.0m) ($2.0m) ($1.0m)
Proceeds from Stock Options Exercised — $156.0m — — — — — — — —
Receivables ($185.0m) $315.0m $28.0m ($131.0m) $73.0m $17.0m ($103.0m) $204.0m ($111.0m) ($3.0m)
Restructuring Costs — — — $41.0m — ($34.0m) $147.0m $153.0m ($3.0m) $190.0m
Restructuring charges $39.0m $10.0m $46.0m $41.0m $254.0m ($34.0m) $147.0m $153.0m ($3.0m) $190.0m
Revenue from Contract with Customer, Including Assessed Tax — — — $43.6b — $51.8b $46.3b $43.5b $41.5b $41.7b
Stock-based compensation $108.0m $129.0m $123.0m $143.0m $135.0m $141.0m $138.0m $145.0m $139.0m $139.0m
Derivative, Gain (Loss) on Derivative, Net $0 — — — — — — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $16.0m — — — — — — — — —
Total cash provided by operating activities $2.5b $2.1b $2.4b $2.6b $4.9b $3.3b $1.8b $1.5b $2.1b $2.0b
Total cash used in financing activities ($1.4b) ($2.3b) ($2.0b) ($1.5b) ($876.0m) ($4.3b) ($1.8b) ($1.1b) ($1.3b) ($1.1b)
Total cash used in investing activities ($887.0m) ($1.0b) $508.0m ($895.0m) ($788.0m) ($1.4b) ($962.0m) ($781.0m) ($704.0m) ($730.0m)
Net Cash Provided by (Used in) Operating Activities $2.5b $2.1b $2.4b $2.6b $4.9b $3.3b $1.8b $1.5b $2.1b $2.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $582.0m $688.0m ($819.0m) $743.0m ($713.0m) $737.0m $930.0m $795.0m $706.0m $704.0m
Payments to Acquire Businesses, Net of Cash Acquired — — — $145.0m — $468.0m — — — —
Payments to Acquire Investments $3.0b $4.3b — $330.0m — $233.0m $46.0m $9.0m $26.0m $1.0m
Purchases of investments ($3.0b) ($4.3b) $0 ($330.0m) ($620.0m) ($233.0m) ($46.0m) ($9.0m) ($26.0m) ($1.0m)
Sales of investments $2.7b $4.0b $2.1b $322.0m $546.0m $66.0m $7.0m $7.0m $20.0m $0
Payments for (Proceeds from) Other Investing Activities ($3.0m) $9.0m — ($1.0m) — — ($7.0m) ($2.0m) ($8.0m) ($2.0m)
Net Cash Provided by (Used in) Investing Activities ($887.0m) ($1.0b) — ($895.0m) — ($1.4b) ($962.0m) ($781.0m) ($704.0m) ($730.0m)
Cash flows from financing activities:
Repayments of debt ($394.0m) ($46.0m) ($546.0m) ($15.0m) ($1.9b) ($133.0m) ($19.0m) ($19.0m) ($17.0m) ($13.0m)
Issuance of common stock $171.0m $163.0m $38.0m $48.0m $28.0m $29.0m $16.0m $19.0m $17.0m $5.0m
Proceeds from Issuance of Common Stock — — — $48.0m — $29.0m $16.0m $19.0m $17.0m $5.0m
Payments for Repurchase of Common Stock $698.0m $2.0b — $1.0b — $3.5b $1.0b $340.0m $500.0m $273.0m
Repurchase of common stock ($698.0m) ($2.0b) ($1.5b) ($1.0b) ($312.0m) ($3.5b) ($1.0b) ($340.0m) ($500.0m) ($273.0m)
Dividends paid ($505.0m) ($409.0m) ($497.0m) ($527.0m) ($568.0m) ($688.0m) ($789.0m) ($801.0m) ($807.0m) ($801.0m)
Payments of Dividends $505 $409 — $527 — $688 $789 $801 $807 $801
Proceeds from (Payments for) Other Financing Activities $22.0m ($1.0m) — ($1.0m) — ($3.0m) — ($3.0m) ($2.0m) ($1.0m)
Net Cash Provided by (Used in) Financing Activities ($1.4b) ($2.3b) — ($1.5b) — ($4.3b) ($1.8b) ($1.1b) ($1.3b) ($1.1b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($1.0m) — ($3.0m) ($8.0m) ($5.0m) ($10.0m) —
Effect of exchange rate changes on cash $10.0m $25.0m ($14.0m) ($1.0m) $7.0m ($3.0m) ($8.0m) ($5.0m) ($10.0m) $6.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $171.0m — ($2.4b) ($952.0m) ($460.0m) $75.0m $155.0m
Increase (decrease) in cash, cash equivalents and restricted cash $272.0m ($1.1b) $884.0m $171.0m $3.3b ($2.4b) ($952.0m) ($460.0m) $75.0m $155.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $1.3b — $2.4b — $3.2b $2.3b $1.8b $1.9b $2.0b
Cash, cash equivalents and restricted cash at beginning of period $2.4b $1.3b $2.2b $2.4b $5.6b $3.2b $2.3b $1.8b $1.9b $2.0b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $76.0m $81.0m $71.0m $62.0m $50.0m $22.0m $31.0m $51.0m $46.0m $44.0m
Interest paid $76.0m $81.0m $71.0m $62.0m $50.0m $22.0m $31.0m $51.0m $46.0m $44.0m
Income Taxes Paid, Net $628.0m $366.0m $391.0m $514.0m $442.0m $716.0m $283.0m $543.0m $643.0m $284.0m
Income taxes paid (includes payments for purchased tax credits of $150 million, $267 million and $103 million, respectively) $628.0m $366.0m $391.0m $514.0m $442.0m $716.0m $283.0m $543.0m $643.0m $284.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.