Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Best Buy Co. Inc., consolidated balance sheet: assets

US$ in millions

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Cash and cash equivalents	2,936)	5,494)	2,229)	1,980)	1,101)	2,240)
Short-term investments	—)	—)	—)	—)	2,032)	1,681)
Receivables, net	1,042)	1,061)	1,149)	1,015)	1,049)	1,347)
Merchandise inventories	5,965)	5,612)	5,174)	5,409)	5,209)	4,864)
Other current assets	596)	373)	305)	466)	438)	384)
Current assets	10,539)	12,540)	8,857)	8,870)	9,829)	10,516)
Net property and equipment	2,250)	2,260)	2,328)	2,510)	2,421)	2,293)
Operating lease assets	2,654)	2,612)	2,709)	—)	—)	—)
Goodwill	1,384)	986)	984)	915)	425)	425)
Other assets	677)	669)	713)	606)	374)	622)
Non-current assets	6,965)	6,527)	6,734)	4,031)	3,220)	3,340)
Total assets	17,504)	19,067)	15,591)	12,901)	13,049)	13,856)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Best Buy Co. Inc. current assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net property and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Best Buy Co. Inc. net property and equipment decreased from 2020 to 2021 and from 2021 to 2022.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Best Buy Co. Inc. non-current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Best Buy Co. Inc. total assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Best Buy Co. Inc. cash and cash equivalents increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
Receivables, net	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Best Buy Co. Inc. receivables, net decreased from 2020 to 2021 and from 2021 to 2022.
Merchandise inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Best Buy Co. Inc. merchandise inventories increased from 2020 to 2021 and from 2021 to 2022.

Best Buy Co. Inc. (NYSE:BBY)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items