Best Historical Income Statement

BBY Stock  USD 88.17  0.31  0.35%   
Historical analysis of Best Buy income statement accounts such as Interest Expense of 60.3 M, Selling General Administrative of 5.1 B or Total Revenue of 27.9 B can show how well Best Buy Co performed in making a profits. Evaluating Best Buy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Best Buy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Best Buy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Best Buy is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

About Best Income Statement Analysis

Best Buy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Best Buy shareholders. The income statement also shows Best investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Best Buy Income Statement Chart

At this time, Best Buy's Interest Expense is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 49.4 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 472.6 M in 2024.

Total Revenue

Total revenue comprises all receipts Best Buy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Best Buy Co minus its cost of goods sold. It is profit before Best Buy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Best Buy. It is also known as Best Buy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Best Buy income statement and is an important metric when analyzing Best Buy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Best Buy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Best Buy's Interest Expense is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 49.4 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 472.6 M in 2024.
 2021 2022 2024 (projected)
Interest Expense25M35M60.3M
Depreciation And Amortization869M918M472.6M

Best Buy income statement Correlations

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Best Buy Account Relationship Matchups

Best Buy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization853M839M869M918M923M472.6M
Interest Expense73M64M52M25M35M60.3M
Selling General Administrative7.2B7.1B7.7B7.1B7.0B5.1B
Total Revenue43.6B47.3B51.8B46.3B43.5B27.9B
Gross Profit10.0B10.6B11.6B9.9B9.6B6.5B
Other Operating Expenses41.6B44.6B48.8B44.4B41.9B26.7B
Operating Income2.0B2.4B3.0B1.8B1.6B1.2B
Ebit2.0B2.7B3.0B1.9B1.7B1.2B
Ebitda2.9B3.5B3.9B2.9B2.6B1.7B
Cost Of Revenue33.6B36.7B40.1B36.4B33.8B21.5B
Total Operating Expenses8.0B7.9B8.6B8.0B8.0B5.2B
Income Before Tax2.0B2.4B3.0B1.8B1.6B1.1B
Total Other Income Expense Net(16M)(14M)(15M)(7M)47M49.4M
Net Income1.5B1.8B2.5B1.4B1.2B689.3M
Income Tax Expense452M579M574M370M381M370.7M
Selling And Marketing Expenses840M819M915M864M794M405.4M
Tax Provision452M579M574M370M381M392.4M
Interest Income16M14M15M7M6.3M6.0M
Net Income Applicable To Common Shares1.5B1.8B2.5B1.4B1.6B1.7B
Net Income From Continuing Ops1.5B1.8B2.5B1.4B1.2B1.3B
Reconciled Depreciation812M839M869M918M923M940.7M

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Additional Tools for Best Stock Analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.