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Please consider theexcerpts fromBest Buy Annual Report (PDF)for fiscal year 2020 (i.e., the fiscal year ended February 1, 2020) and answer the following questions using

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Please consider theexcerpts fromBest Buy Annual Report (PDF)for fiscal year 2020 (i.e., the fiscal year ended February 1, 2020) and answer the following questions using only this information.

  1. Best Buy has disposed of some property and equipment during fiscal year 2020. Assume that there has been no impairment over the year. What is the original acquisition cost of the property and equipment disposed of during the fiscal year 2020?
  2. What is the accumulated depreciation of the disposed property, plant and equipment in fiscal year 2020?
  3. What is the gain/loss from disposal of property, plant and equipment in fiscal year 2020 if the sale price of the disposed assets is $200 (millions)?
  4. If the Company recognized $100 (millions) more depreciation expense than currently recorded, how would the cash flows from operations change?
  5. What is the par value of each common share?
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Consolidated Balance Sheets 3 in millions, except per share and share amounts Assets Current assets Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Property and equipment Land and buildings Leasehold improvements Fixtures and equipment Property under capital and nancing leases Property under nance leases Gross property and equipment Less accumulated depreciation Net property and equipment Operating lease assets Goodwill Other assets Total assets Liabilities and equity Current liabilities Accounts payable Unredeemed gift card liabilities Deferred revenue Accrued compensation and related expenses Accrued liabilities Current portion of operating lease liabilities Cm'rent portion of long-term debt Total current liabilities Long-term operating lease liabilities Long-term liabilities Long-term debt Equity Best Buy 00., Inc. Shareholders' Equity Connnon stock, $0.10 par value: Authorized 1.0 billion shares; Issued and outstanding 256,494,000 and 265,703,000 shares, respectively Additional paid-in capital Retained earnings Accmnulated other comprehensive income Total equity Total liabilities and equity February 1, February 2, 2020 2019 $ 2,229 $ 1,980 1,149 1,015 5,174 5,409 305 466 8,8 5 7 8,870 650 637 2,203 2,119 6,2 86 5,865 - 5 79 89 - 9,228 9,200 6,900 6,690 2,328 2,510 2,709 - 984 9 15 713 606 $ 15,591 $ 12,901 $ 5,288 $ 5,257 281 290 501 446 410 482 906 9 82 660 - 14 56 8,060 7,513 2,138 - 65 7 750 1,257 1,3 32 26 27 3,1 5 8 2,985 295 294 3,479 3 306 $ 15,591 $ 12,901 Consolidated Balance Sheets 3 in minions, except per share and share amounts February 1, February 2, 2020 2019 Assets Current assets Cash and cash equivalents $ 2,229 $ 1,980 Receivables, net 1,149 1,015 Merchandise inventories 5,174 5,409 Other current assets 305 466 Total current assets 8,857 8,870 Property and equipment Land and buildings 650 637 Leasehold improvements 2,203 2,1 19 Fixtures and equipment 6,286 5,865 Property under capital and financing leases - 579 Property under nance leases 89 - Gross property and equipment 9,228 9,200 Less accumulated depreciation 6,900 6,690 Net property and equipment 2,328 2,510 Operating lease assets 2,709 - Goodwill 984 915 Other assets 713 606 Total assets 3 15,591 $ 12,901 Liabilities and equity Current liabilities Accounts payable 8; 5,288 $ 5,257 Unredeemed gift card liabilities 281 290 Deferred revenue 501 446 Accrued compensation and related expenses 410 482 Accrued liabilities 906 982 Current portion of operating lease liabilities 660 - Current portion of long-term debt 14 56 Total current liabilities 8,060 7,513 Long-term operating lease liabilities 2,138 - Long-term liabilities 657 750 Long-term debt 1,257 1,332 Equity Best Buy Co., Inc. Shareholders' Equity Common stock, $0.10 par value: Authorized 1.0 billion shares; Issued and outstanding 256,494,000 and 265,703,000 shares, respectively 26 27 Additional paid-in capital - - Retained earnings 3,158 2,985 Accumulated other comprehensive incorne 295 294 Total equity 3,479 3,306 Total liabilities and equity $ 15,591 $ 12,901 Consolidated Statements of Changes in Shareholders' Equity $ and shares in millions, except per share amounts Accumulated Additional Other Common Common Paid-In Retained Comprehensive Total Shares Stock Capital Earnings Income (Loss) Equity Balances at February 2, 2019 266 27 2,985 294 3,306 Adoption of ASU 2016-02 (22) (22) Net earnings 1,541 1,541 Foreign currency translation adjustments Stock-based compensation 143 143 Issuance of common stock 4 48 48 Common stock dividends, $2.00 per share 9 (536) (527) Repurchase of common stock (14) (1) (198) (810) (1,009) Other (2) (2) Balances at February 1, 2020 256 $ 26 $ $ 3,158 $ 295 $ 3,479Consolidated Statements of Cash Flows $ in millions . February 1, February 2, February 3, Fiscal Years Ended 2020 2019 2018 Operating activities Net earnings $ 1,541 $ 1,464 $ 1,000 Adjustments to reconcile net earnings to total cash provided by operating activities: Depreciation 7'40 747 683 Amortization 72 23 0 Restructuring charges 41 46 10 Stock-based compensation 143 123 129 Deferred income taxes 7'0 10 162 Other, net 21 (25) (13) Changes in operating assets and liabilities 163! 20 170 Total cash provided by operating activities 2,565 2,408 2,141 Investing activities Additions to property and equipment, net of $10, $53 and $123, respectively, of non-cash capital expenditures (743) (819) (688) Purchases of investments (330) - (4,325) Sales of investments 322 2,098 4,018 Acquisitions, net of cash acquired (145) (787) - Other, net 1 16 g 7) Total cash provided by (used in) investing activities (895) 508 (1,002) Financing activities Repurchase of common stock (1,003) (1,505) (2,004) Issuance of connnon stock 48 38 163 Dividends paid (52'?) {497) (409) Borrowings of debt - 498 - Repayments of debt (15) (546) (46) 0ther,net g1; g6) 51) Total cash used in nancing activities (1,498) (2,018) (2,297) Effect of exchange rate changes on cash (1) (14) 25 Increase (decrease) in cash, cash equivalents and restricted cash 1?] 884 (1,133) Cash, cash equivalents and restricted cash at beginning of period 2,184 1,300 2,433 Cash, cash equivalents and restricted cash at$ $ $ end of period 2,355 2,184 1,300 Suppl-ental cash ow information Income taxes paid it 514 $ 391 $ 366 Interest aid 62 7 1 8 1 Accounts receivables Receivables consist primarily of amounts due from vendors for various vendor funding programs, banks for customer credit card and debit card transactions and mobile phone network operators for device sales and commissions. We establish allowances for uncollectible receivables based primarily on historical collection trends. Our allowances for uncollectible receivables were $24 millionand $23 million at Fe . 1 2020 and Febru 2 2019 re - ctivel . Inventory Merchandise inventories are recorded at the lower of cost or net realizable value. The weighted average method is used to determine the cost of inventory which includes costs ofin-bound freight to move inventory into our distribution centers. Also included in the cost of inventory are certain vendor allowances. Costs associated with storing and transporting merchandise inventories to our retail stores are expensed as incurred and included in cost of sales. Our inventory valuation also reects markdown adjustments for the excess of the cost over the net recovery we expect to realize from the ultimate disposition of inventory and establishes a new cost basis. No adjustment is recorded for inventory that we are able to retum to our vendors for full credit. Subsequent changes in facts or circumstances do not result in the reversal of previously recorded markdown adjustments or an increase in the newly established cost basis. Our inventory valuation reects adjustments for physical inventory losses (resulting from, for example, theft). Physical inventory is maintained through a combination of ill location counts (typically once per year) and more regular cycle counts. The adjustments for inventory impairments and physical inventory losses were negligible at Febmary 1, 2020, and February 2, 2019, respectively Long term debt long-term debt consisted of the following ($ in millions): February 1, February 2, 2020 2019 2021 Notes $ 650 $ 650 2028 Notes 500 500 Interest rate swap valuation adjustments 89 25 Subtotal 1,239 1,175 Debt discounts and issuance costs (6) (7) Financing lease obligations (l) - 181 Capital lease obligations in - 39 Finance lease obligations (I) 38 - Total long-tenn debt 1,271 1,388 Less current portion 14 56_ Total long-term debt, less current portion $ 1,257 S 1,332 (1) See Note 10, Leases, for additional information regarding our lease obligations. 2021' Notes In March 201 1, we issued $650 million principal amount of notes due March 15, 2021 (the \"2021 Notes\"). The 2021 Notes bear interest at a xed rate of 5.50% per year, payable semi-annually on March 15 and September 15 of each year, beginning on September 15, 2011. 5 We may redeem some or all of the 2021 Notes at any time at a redemption price equal to the greater of (i) 100% of the principal amount, and (ii) the sum of the present values of each remaining scheduled payment of principal and interest discounted to the redemption date on a semiannual basis, plus accrued and unpaid interest on the principal amount to the redemption date as described in the indenture (including the supplemental indenture) relating to the 202] Notes. Furthermore, if a change of control triggering event occurs, we will be required to offer to purchase the remaining unredeemed 2021 Notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the purchase date. The 2021 Notes are unsecured and unsubordinated obligations and rank equally with all of our other unsecured and unsubordinated debt. The 2021 Notes contain covenants that, among other things, limit our ability to incur debt secured by liens or to enter into sale and lease-back transactions. 2028 Notes In September 2018, we issued $500 million principal amount of notes due October 1, 2028 (the \"2028 Notes\"). The 2028 Notes bear interest at a xed rate of 4.45% per year, payable semi- annually on April 1 and October 1 of each year, beginning on April 1, 2019. We may redeem some or all of the 2028 Notes at any time at a redemption price equal to the greater of (i) 100% of the principal amount, and (ii) the sum of the present values of each remaining scheduled payment of principal and interest discounted to the redemption date on a semiannual basis, plus accrued and unpaid interest on the principal amount to the redemption date as described in the indenture (including the supplemental indenture) relating to the 2028 Notes. Furthermore, if a change of control triggering event occurs, we will be required to offer to purchase the remaining unredeemed 2028 Notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the purchase date. The 2028 Notes are unsecured and unsubordinated obligations and rank equally with all of our other unsecured and unsubordinated debt. The 2028 Notes contain covenants that, among other things, limit our ability to incur debt secured by liens or to enter into sale and lease-back transactions

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