Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Best Buy Co. Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Accounts payable	6,803)	6,979)	5,288)	5,257)	4,873)	4,984)
Unredeemed gift card liabilities	316)	317)	281)	290)	385)	427)
Deferred revenue	1,103)	711)	501)	446)	453)	418)
Accrued compensation and related expenses	845)	725)	410)	482)	561)	358)
Accrued liabilities	946)	972)	906)	982)	1,001)	891)
Short-term debt	—)	110)	—)	—)	—)	—)
Current portion of operating lease liabilities	648)	693)	660)	—)	—)	—)
Current portion of long-term debt	13)	14)	14)	56)	544)	44)
Current liabilities	10,674)	10,521)	8,060)	7,513)	7,817)	7,122)
Long-term operating lease liabilities, excluding current portion	2,061)	2,012)	2,138)	—)	—)	—)
Long-term liabilities	533)	694)	657)	750)	809)	704)
Long-term debt, excluding current portion	1,216)	1,253)	1,257)	1,332)	811)	1,321)
Non-current liabilities	3,810)	3,959)	4,052)	2,082)	1,620)	2,025)
Total liabilities	14,484)	14,480)	12,112)	9,595)	9,437)	9,147)
Preferred stock, $1.00 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.10 par value	23)	26)	26)	27)	28)	31)
Additional paid-in capital	—)	—)	—)	—)	—)	—)
Retained earnings	2,668)	4,233)	3,158)	2,985)	3,270)	4,399)
Accumulated other comprehensive income	329)	328)	295)	294)	314)	279)
Total Best Buy Co., Inc. shareholders’ equity	3,020)	4,587)	3,479)	3,306)	3,612)	4,709)
Total liabilities and equity	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).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Best Buy Co. Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Best Buy Co. Inc. non-current liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Best Buy Co. Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total Best Buy Co., Inc. shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Best Buy Co. Inc. total Best Buy Co., Inc. shareholders’ equity increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Best Buy Co. Inc. (NYSE:BBY)

Balance Sheet: Liabilities and Stockholders’ Equity