Best Buy Historical Income Statement Analysis

Historical analysis of Best Buy income statement accounts such as Cost of Revenue of 32.4 B, Earning Before Interest and Taxes EBIT of 1.5 B or Gross Profit of 9.4 B can show how well Best Buy Co Inc 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 future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Best Buy Co latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Best Buy Co is a good buy for the upcoming year. Check also Trending Equities.
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Best Buy Co Inc Income Statement Chart

Consolidated Income    Earning Before Interest and Taxes EBIT    Net Income    Operating Expenses    Revenues    

Consolidated Income

The portion of profit or loss for the period, net of income taxes, which is attributable to the consolidated entity, before the deduction of Net Income to Non Controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Best Buy Co financial statement analysis. It represents the amount of money remaining after all of Best Buy Co Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income, and before the deduction of Preferred Dividends.

Operating Expenses

Operating expenses represents the total expenditure on Selling General and Administrative Expense, [RND] and other operating expense items, it excludes Cost of Revenue.

Revenues

Revenues refers to the total amount of money received by Best Buy for goods sold or services provided during a certain time period. It also includes all of Best Buy Co sales as well as any other increase in Best Buy Co Inc equity.Revenues are reported on Best Buy Co income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.