Best Buy Co (BBY) Financials

Best Buy Co Inc (BBY) is a leading retailer of consumer electronics and appliances. The company operates through two segments: Domestic and International. Best Buy offers a wide range of products, including televisions, computers, smartphones, and home appliances. The company's revenue is primarily derived from the sale of these products.

In terms of financial performance, Best Buy has been consistently generating strong total revenue. In the most recent fiscal year, the company reported total revenue of $43.64 billion, a 2.9% increase compared to the previous year. This growth was primarily driven by an increase in comparable sales, which rose by 3.6%.

From an income statement perspective, Best Buy reported a gross profit of $11.96 billion, representing a gross margin of 27.4%. The company's operating income, or EBIT, was $2.28 billion, while its net income from stockholders was $1.46 billion. These figures indicate that Best Buy has been able to effectively manage its operating expenses and generate solid profitability.

On the balance sheet side, Best Buy's total assets stood at $16.73 billion, with total liabilities of $15.36 billion. The company's stockholders' equity amounted to $1.37 billion, indicating a healthy financial position. Best Buy also has cash equivalents of $1.26 billion, which provides the company with liquidity to meet its short-term obligations.

In terms of debt, Best Buy has a net debt of $170 million. This is calculated by subtracting the cash and cash equivalents from the total debt. The company has been successful in reducing its debt burden over the years.

From a cash flow perspective, Best Buy has been generating strong operating cash flow, which was $2.24 billion in the most recent fiscal year. The company has also been successful in generating positive free cash flow, which stood at $1.69 billion. This indicates that Best Buy has been able to convert its profits into cash effectively.

Overall, Best Buy has a solid financial position, with strong revenue growth, profitability, and cash flow generation. The company's focus on providing a wide range of high-quality products and excellent customer service has contributed to its success in the consumer electronics retail industry.