Best Buy (BBY) FY2022 results: revenue $51.8 billion, up 9.5% on the year
Best Buy Co., Inc. (BBY) reported revenue of $51.8 billion for fiscal 2022, the year ended 29 January 2022, up 9.5% on the year before. Net income was $2.5 billion, up 36.5%, and diluted earnings per share $9.84. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2022.
Revenue
$51.8 billion
+9.5% on the year
FY2015FY2022
Operating margin
5.9%
5.1% a year earlier
FY2015FY2022
Net income
$2.5 billion
+36.5% on the year
FY2015FY2022
Diluted EPS
$9.84
+43.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,252
4,927
2,565
-34.0%
Capital expenditure
737
713
743
+3.4%
Free cash flow
2,515
4,214
1,822
-40.3%
Free cash flow margin
4.9%
8.9%
4.2%
Cash from investing
-1,372
-788
-895
Cash from financing
-4,297
-876
-1,498
Depreciation and amortisation
869
839
812
+3.6%
Share-based compensation
141
135
143
+4.4%
Buybacks
3,502
312
1,003
+1,022.4%
Dividends paid
688
568
527
+21.1%
Dividend per share
$2.80
$2.20
$2.00
+27.3%
Diluted shares, weighted
249m
263m
268m
-5.2%
Shares outstanding at period end
227m
257m
256m
-11.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,020
4,587
3,479
-34.2%
Debt
1,229
1,377
1,271
-10.7%
Operating lease liabilities
2,061
2,012
2,138
+2.4%
Finance lease liabilities
27.0
24.0
24.0
+12.5%
Other liabilities
11,167
11,067
8,679
+0.9%
Total liabilities and equity
17,504
19,067
15,591
-8.2%
Fixed assets
2,250
2,260
2,328
-0.4%
Goodwill
1,384
986
984
+40.4%
Cash and equivalents
2,936
5,494
2,229
-46.6%
Receivables
1,042
1,061
1,149
-1.8%
Inventory
5,965
5,612
5,174
+6.3%
Other assets
3,927
3,654
3,727
+7.5%
Total assets
17,504
19,067
15,591
-8.2%
10-K for the year ended 29 January 2022, filed 18 March 2022: the filing.