Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Best Buy Co. Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net earnings	2,454)	1,798)	1,541)	1,464)	1,000)	1,228)
Depreciation and amortization	869)	839)	812)	770)	683)	654)
Restructuring charges	(34)	254)	41)	46)	10)	39)
Stock-based compensation	141)	135)	143)	123)	129)	108)
Deferred income taxes	14)	(36)	70)	10)	162)	201)
Other, net	11)	3)	21)	(25)	(13)	(31)
Receivables	17)	73)	(131)	28)	315)	(185)
Merchandise inventories	(328)	(435)	237)	(194)	(335)	193)
Other assets	(14)	(51)	16)	(34)	(21)	10)
Accounts payable	(201)	1,676)	47)	432)	(196)	518)
Income taxes	(156)	173)	(132)	22)	290)	(213)
Other liabilities	479)	498)	(100)	(234)	117)	23)
Changes in operating assets and liabilities, net of acquired assets and liabilities	(203)	1,934)	(63)	20)	170)	346)
Adjustments to reconcile net earnings to cash provided by operating activities	798)	3,129)	1,024)	944)	1,141)	1,317)
Cash provided by operating activities	3,252)	4,927)	2,565)	2,408)	2,141)	2,545)
Additions to property and equipment, net of non-cash capital expenditures	(737)	(713)	(743)	(819)	(688)	(582)
Purchases of investments	(233)	(620)	(330)	—)	(4,325)	(3,045)
Sales of investments	66)	546)	322)	2,098)	4,018)	2,689)
Acquisitions, net of cash acquired	(468)	—)	(145)	(787)	—)	—)
Change in restricted assets	—)	—)	—)	—)	—)	(8)
Other, net	—)	(1)	1)	16)	(7)	59)
Cash (used in) provided by investing activities	(1,372)	(788)	(895)	508)	(1,002)	(887)
Repurchase of common stock	(3,502)	(312)	(1,003)	(1,505)	(2,004)	(698)
Issuance of common stock	29)	28)	48)	38)	163)	171)
Dividends paid	(688)	(568)	(527)	(497)	(409)	(505)
Borrowings of debt	—)	1,892)	—)	498)	—)	—)
Repayments of debt	(133)	(1,916)	(15)	(546)	(46)	(394)
Other, net	(3)	—)	(1)	(6)	(1)	22)
Cash used in financing activities	(4,297)	(876)	(1,498)	(2,018)	(2,297)	(1,404)
Effect of exchange rate changes on cash	(3)	7)	(1)	(14)	25)	10)
Increase (decrease) in cash, cash equivalents and restricted cash	(2,420)	3,270)	171)	884)	(1,133)	264)
Cash, cash equivalents and restricted cash at beginning of period	5,625)	2,355)	2,184)	1,300)	2,433)	1,976)
Cash, cash equivalents and restricted cash at end of period	3,205)	5,625)	2,355)	2,184)	1,300)	2,240)

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).

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Cash flow statement item	Description	The company
Cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Best Buy Co. Inc. cash provided by operating activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Best Buy Co. Inc. cash (used in) provided by investing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Best Buy Co. Inc. cash used in financing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Best Buy Co. Inc. (NYSE:BBY)

Cash Flow Statement