Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Best Buy Co. Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Best Buy Co. Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Best Buy Co. Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
- Current liabilities
- Current liabilities consistently represent a significant portion of total liabilities and equity, ranging roughly between 49% to 67% throughout the periods. The highest percentages are observed in late 2018 and early 2019, peaking above 66%. A general upward trend is evident, indicating an increasing reliance on current obligations relative to total financing.
- Accounts payable
- The proportion of accounts payable varied notably over time, with peaks in late 2016 (above 42%) and late 2018 (exceeding 53%) followed by a decline to lower levels around 28-38% in mid-2020. This suggests periodic fluctuations in payables, possibly linked to inventory or supplier management strategies.
- Unredeemed gift card liabilities
- This liability remained relatively stable but showed a gradual decrease from almost 3% in early 2016 to a low near 1.3% by late 2020, followed by a modest recovery. This pattern may reflect shifts in customer purchasing behavior or gift card redemption rates.
- Deferred revenue
- Deferred revenue displayed an upward trend overall, rising from about 2.7% in early 2016 to peaks above 7% in 2022, particularly notable in the last two years. This increase indicates growing advance payments or unearned income, possibly due to changes in product or service offerings.
- Accrued compensation and related expenses
- There were fluctuations in accrued compensation percentages, with a marked spike reaching over 4% in early 2018 and a recovery period afterward. The variability might correspond to changes in workforce expenses or bonus accrual cycles.
- Accrued liabilities
- Accrued liabilities remained relatively stable, generally fluctuating between 4.3% and 7.7%, but with a slight decreasing tendency over time, possibly indicating improved expense matching or reduced accrual requirements.
- Short-term debt
- Reported only intermittently, short-term debt presence is minimal and sporadic, with a peak around 8% in mid-2020, then diminishing. This suggests occasional reliance on short-term borrowings as part of the capital structure.
- Current portion of operating lease liabilities
- Available data starting in 2018 shows this liability between 3.2% and 4.4% of total liabilities and equity, indicating a consistent lease obligation component impacting the short-term liabilities.
- Current portion of long-term debt
- This liability showed volatility, with significant peaks during certain quarters, such as 3.7% to 4.5% in 2017 and 2020, but generally stayed below 1% in other periods. The spikes may correspond to scheduled debt repayments or refinancing activities.
- Long-term operating lease liabilities, excluding current portion
- Data beginning in 2018 indicates these leases constitute between 9.9% and 14.9%, with some fluctuation but generally maintaining a significant and stable portion of long-term liabilities, consistent with lease commitments over extended periods.
- Long-term debt, excluding current portion
- This component showed a declining trend from around 10% in early periods to below 7% in recent quarters, with some fluctuations. Such changes suggest debt reduction efforts or refinancing with possibly shorter maturities.
- Long-term liabilities
- Long-term liabilities excluding leases and long-term debt stayed generally low, ranging between 2.7% and 6.3%, tending to decrease in the later periods. This might indicate a focus on managing or reducing certain non-debt long-term obligations.
- Non-current liabilities
- Non-current liabilities had higher variability, with an initial level near 16%, a significant increase above 27% in 2019, and stabilization near 20-25% afterward. This volatility suggests shifts in the composition or reclassification of certain obligations beyond one year.
- Total liabilities
- Total liabilities represent the majority of financing, increasing over time from about 66% to over 82%, indicating a growing leverage or reliance on liabilities relative to equity in the capital structure.
- Equity
- Equity proportion declined from about 34% to a low near 17% in 2022, reflecting a diminishing share of total financing from equity sources. This reduction coincides with increasing liabilities and points to potential leverage growth or earnings retention patterns.
- Retained earnings
- Retained earnings as a component of equity decreased from above 31% to about 15% by 2022, with fluctuations indicating periods of earnings accumulation and distribution. The declining trend suggests possible dividends, share repurchases, or losses impacting internal capital.
- Additional paid-in capital and common stock
- Common stock percentage steadily declined from about 0.25% to around 0.13%, indicating no major issuances or buybacks significantly affecting this item. Additional paid-in capital showed sporadic small increases, implying occasional minor equity transactions.
- Accumulated other comprehensive income
- AOCI remained relatively stable near 2% with slight fluctuations, suggesting minor changes in other comprehensive income items such as foreign currency translations or hedging activities.