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Provide horizontal analysis of the companys income statement and balance sheet, showing the dollar amount and percent of change using the 2 most recent years.
Provide horizontal analysis of the companys income statement and balance sheet, showing the dollar amount and percent of change using the 2 most recent years.
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Best Buy INCOME STATEMENT $ in millions 2020 2019 Increase or Decrease Amount Amount Amount Percent $43,638.00 $42,879.00 $33,590.00 $32,918.00 $10,048.00 $9,961.00 $7,998.00 $8,015.00 $41.00 $46.00 $2,009.00 $1,900.00 Revenue Cost of Sales Gross Profit Selling, general and administrative expenses Restructuring Changes Operating Income (expense) Other Income Gain on sale of investments Investment income and other Interest expense Earnings from continuing operations before income tax expense Income tax expense Net earnings from continuing operations Gain from discontinued operations, net of 0% tax expense Net earnings $1.00 $47.00 -$64.00 $1,993.00 $452.00 $1,541.00 $0.00 $1,541.00 $12.00 $49.00 -$73.00 $1,888.00 $424.00 $1,464.00 $0.00 $1,464.00 Basic earnings per share Diluted earnings per share $5.82 $5.75 $5.30 $5.20 Weighted average comon shares outstanding Basic Diluted $264.90 $268.10 $276.40 $281.40 Best Buy Balance Sheet $ in millions 2020 2019 $ 2,229 $ 1,149 5,174 305 8,857 1,980 1,015 5,409 466 8,870 650 637 Assets Cash and cash equivalents Recievables, net Merchandise Inventories Other Current assets Total Current Assets Property and Equipment Land and Buildings Leasehold Improvements Fixtures and Equipment Property under capital and financing leases Property under finance leases Gross property and equipment Less: accumulated depreciation Net property and equipment Operating lease assets Goodwill Other assets Total Assets 2,203 6,286 2,119 5,865 579 89 9,228 6,900 2,328 2,709 984 9,200 6,690 2,510 915 713 606 15,591 12,901 $ 5,288 $ 281 5,257 290 501 446 410 482 906 982 660 14 56 7,513 Liabilities and Equity Accounts payable Unredeemed gift card liabilities Deferred revenue Accrued compensation and related expenses Accrued liabilities Current portion of operating lease liabilities Current portion of long-term debt Total current liabilities Long-term operating lease liabilities Long-term liabilities Long-term debt Equity Preferred Stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total equity Total liabilities and equity 8,060 2,138 657 1,257 750 1,332 26 27 2,985 294 3,158 295 3,479 15,591 12,901
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