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000000046::1
Subsidiary Companies Consolidated Balance Sheets (In millions, except share and per share data) December 31, 2022 December 31, 2021 ASSETS Property, plant and equipment $ 29,736 $ 27,413 Accumulated depreciation (6,513) (6,329) Property, plant and equipment, net 23,223 21,084 Current assets: Cash and cash equivalents ...
000000046
1
38
382
000000046::2
32 20 Accounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively 334 271 Income tax receivable 114 4 Unbilled revenues 275 248 Materials and supplies 98 57 Assets held for sale — 683 Other 312 155 Total current assets 1,250 1,554___FINANCEBENCH_DELIMITER___American Water Works Company...
000000046
2
382
708
000000046::3
Subsidiary Companies Consolidated Balance Sheets (In millions, except share and per share data) December 31, 2022 December 31, 2021 CAPITALIZATION AND LIABILITIES Capitalization: Common stock ($0.01 par value; 500,000,000 shares authorized; 187,200,539 and 186,880,413 shares issued, respectively) $ 2 $ 2 Paid-in-capit...
000000046
3
712
1,041
000000046::4
6,781 Retained earnings 1,267 925 Accumulated other comprehensive loss (23) (45) Treasury stock, at cost (5,342,477 and 5,269,324 shares, respectively) (377) (365) Total common shareholders' equity 7,693 7,298 Long-term debt 10,926 10,341 Redeemable preferred stock at redemption value 3 3 Total
000000046
4
1,041
1,336
000000046::5
long-term debt 10,929 10,344 Total capitalization 18,622 17,642 Current liabilities: Short-term debt 1,175 584 Current portion of long-term debt 281 57 Accounts payable 254 235 Accrued liabilities 706 701 Accrued taxes 49 176 Accrued interest 91 88 Liabilities related to assets held for sale — 83
000000046
5
1,336
1,635
000000046::6
Other 255 217 Total current liabilities 2,811 2,141
000000046
6
1,635
1,686
000000047::0
Table of Contents Consolidated Statements of Earnings $ and shares in millions, except per share amounts Fiscal Years Ended   January 28, 2017   January 30, 2016   January 31, 2015 Revenue   $ 39,403   $ 39,528   $ 40,339 Cost of goods sold   29,963   30,334   31,
000000047
0
0
264
000000047::1
292 Restructuring charges — cost of goods sold   —   3   — Gross profit   9,440   9,191   9,047 Selling, general and administrative expenses   7,547   7,618   7,592 Restructuring charges   39   198   5 Operating income   1,8
000000047
1
264
488
000000047::2
54   1,375   1,450 Other income (expense)             Gain on sale of investments   3   2   13 Investment income and other   31   13   14 Interest expense   (72)   (80)   (90) Earnings from continuing operations before income tax expense   1
000000047
2
488
729
000000047::3
,816   1,310   1,387 Income tax expense   609   503   141 Net earnings from continuing operations   1,207   807   1,246 Gain (loss) from discontinued operations (Note 2), net of tax expense of $7, $1 and $0   21   90
000000047
3
729
946
000000047::4
  (11) Net earnings including noncontrolling interests   1,228   897   1,235 Net earnings from discontinued operations attributable to noncontrolling interests   —   —   (2) Net earnings attributable to Best Buy Co., Inc.
000000047
4
946
1,167
000000047::5
shareholders   $ 1,228   $ 897   $ 1,233               Basic earnings (loss) per share attributable to Best Buy Co., Inc.
000000047
5
1,168
1,289
000000047::6
shareholders             Continuing operations   $ 3.79   $ 2.33   $ 3.57 Discontinued operations   0.07   0.26   (0.04) Basic earnings per share   $ 3.86   $ 2.59   $ 3.53               Diluted earnings (loss) per share attrib
000000047
6
1,290
1,517
000000047::7
utable to Best Buy Co., Inc.
000000047
7
1,517
1,545
000000047::8
shareholders             Continuing operations   $ 3.74   $ 2.30   $ 3.53 Discontinued operations   0.07   0.26   (0.04) Diluted earnings per share   $ 3.81   $ 2.56   $ 3.49               Weighted-average common shares outstanding    
000000047
8
1,546
1,781
000000047::9
        Basic   318.5   346.5   349.5 Diluted   322.6   350.7   353.6 See Notes to Consolidated Financial Statements.
000000047
9
1,781
1,899
000000047::10
54
000000047
10
1,900
1,902
000000048::0
Table of Contents Consolidated Balance Sheets $ in millions, except per share and share amounts     February 2, 2019   February 3, 2018 Assets         Current assets         Cash and cash equivalents   $ 1,980   $ 1,101 Short-term investments   —   2,032 Receivables, net   1,015   1,0
000000048
0
0
285
000000048::1
49 Merchandise inventories   5,409   5,209 Other current assets   466   438 Total current assets   8,870   9,829 Property and equipment         Land and buildings   637   623 Leasehold improvements   2,119   2,327 Fixtures and equipment   5,865
000000048
1
285
529
000000048::2
  5,410 Property under capital and financing leases   579   340 Gross property and equipment   9,200   8,700 Less accumulated depreciation   6,690   6,279 Net property and equipment   2,510   2,421 Goodwill   915   425 Other assets   606   3
000000048
2
529
771
000000048::3
74 Total assets   $ 12,901   $ 13,049           Liabilities and equity         Current liabilities         Accounts payable   $ 5,257   $ 4,873 Unredeemed gift card liabilities   290   385 Deferred revenue   446   453 Accrued compensation and related expenses  
000000048
3
771
1,033
000000048::4
482   561 Accrued liabilities   982   1,001 Current portion of long-term debt   56   544 Total current liabilities   7,513   7,817 Long-term liabilities   750   809 Long-term debt   1,332   811 Contingencies and commitments (Note 13)     Equity      
000000048
4
1,033
1,283
000000048::5
  Best Buy Co., Inc.
000000048
5
1,283
1,304
000000048::6
Shareholders' Equity         Preferred stock, $1.00 par value: Authorized — 400,000 shares; Issued and outstanding — none   —   — Common stock, $0.10 par value: Authorized — 1.0 billion shares; Issued and outstanding — 265,703,000 and 282,988,000
000000048
6
1,305
1,551
000000048::7
 shares, respectively   27   28 Additional paid-in capital   —   — Retained earnings   2,985   3,270 Accumulated other comprehensive income   294   314 Total equity   3,306   3,612 Total liabilities and equity   $ 12,901   $ 13,049 See Notes to Consolidated Financial
000000048
7
1,551
1,818
000000048::8
 Statements.
000000048
8
1,818
1,830
000000048::9
50
000000048
9
1,831
1,833
000000049::0
Consolidated Statements of Earnings $ and shares in millions, except per share amounts Fiscal Years Ended January 28, 2023 January 29, 2022 January 30, 2021 Revenue $ 46,298 $ 51,761 $ 47,262 Cost of sales 36,386 40,121 36,689 Gross profit 9,912 11,640 10,573
000000049
0
0
259
000000049::1
Selling, general and administrative expenses 7,970 8,635 7,928 Restructuring charges 147 (34) 254 Operating income 1,795 3,039 2,391 Other income (expense): Investment income and other 28 10 38 Interest expense (35) (25) (52) Earnings before income tax expense and equity in income of affiliates 1,788 3,024 2,
000000049
1
259
570
000000049::2
377 Income tax expense 370 574 579 Equity in income of affiliates 1 4 - Net earnings $ 1,419 $ 2,454 $ 1,798
000000049
2
570
678
000000050::0
Acquisitions Current Health Ltd. In fiscal 2022, we acquired all of the outstanding shares of Current Health Ltd. (“Current Health”), a care-at-home technology platform, on November 2, 2021, for net cash consideration of $389 million. The acquired assets included $351 million of goodwill that was assigned to our Best B...
000000050
0
0
388
000000050::1
The acquisition is aligned with our focus in virtual care to enable people in their homes to connect seamlessly with their health care providers and is included in our Domestic reportable segment and Services revenue category. The acquisition was accounted for using the acquisition method of accounting for business com...
000000050
1
389
769
000000050::2
Two Peaks, LLC d/b/a Yardbird Furniture In fiscal 2022, we acquired all of the outstanding shares of Two Peaks, LLC d/b/a Yardbird Furniture (“Yardbird”), a direct-to-consumer outdoor furniture company, on November 4, 2021, for net cash consideration of $79 million. The acquired assets included $47 million of goodwill ...
000000050
2
770
1,191
000000050::3
The acquisition expands our assortment in categories like outdoor living, as more and more consumers look to make over or upgrade their outdoor living spaces. The acquisition was accounted for using the acquisition method of accounting for business combinations and was not material to the results of our operations.
000000050
3
1,192
1,508
000000051::0
Consolidated Statements of Cash Flows $ in millions Fiscal Years Ended January 28, 2023 January 29, 2022 January 30, 2021 Operating activities Net earnings $ 1,419 $ 2,454 $ 1,798 Adjustments to reconcile net earnings to total cash provided by operating activities: Depreciation and amortization 918 869 839 Restructurin...
000000051
0
0
354
000000051::1
compensation 138 141 135 Deferred income taxes 51 14 (36) Other, net 12 11 3 Changes in operating assets and liabilities, net of acquired assets and liabilities: Receivables (103) 17 73 Merchandise inventories 809 (328) (435) Other assets (21) (14) (51) Accounts payable (1,099) (201) 1,676 Income
000000051
1
354
652
000000051::2
taxes 36 (156) 173 Other liabilities (483) 479 498 Total cash provided by operating activities 1,824 3,252 4,927 Investing activities Additions to property and equipment, net of $35, $46 and $32, respectively, of non-cash capital expenditures (930) (737) (713) Purchases of investments (46) (233) (620) Sales of investm...
000000051
2
652
977
000000051::3
7 66 546 Acquisitions, net of cash acquired - (468) - Other, net 7 - (1) Total cash used in investing activities (962) (1,372) (788) Financing activities Repurchase of common stock (1,014) (3,502) (312) Issuance of common stock 16 29 28 Dividends paid (789) (688) (568) Borrowings of debt
000000051
3
977
1,265
000000051::4
- - 1,892 Repayments of debt (19) (133) (1,916) Other, net - (3) - Total cash used in financing activities (1,806) (4,297) (876) Effect of exchange rate changes on cash (8) (3) 7 Increase (decrease) in cash, cash equivalents and restricted cash (952) (2,420) 3,270 Cash, cash equivalents and restricted cash at beginnin...
000000051
4
1,265
1,600
000000051::5
05 5,625 2,355 Cash, cash equivalents and restricted cash at end of period $ 2,253 $ 3,205 $ 5,625
000000051
5
1,600
1,698
000000052::0
July 29, 2023 January 28, 2023 July 30, 2022 Cash and cash equivalents $ 1,093 $ 1,874 $ 840
000000052
0
0
92
000000053::0
Fiscal 2024 Fiscal 2023 Total Stores at Beginning of Second Quarter Stores Opened Stores Closed Total Stores at End of Second Quarter Total Stores at Beginning of Second Quarter Stores Opened Stores Closed Total Stores at End of Second Quarter Best Buy 908 - (1) 907 931 1 (2) 930 Outlet Centers 20 1 (1) 20 16 2 - 18 Pa...
000000053
0
0
338
000000053::1
20 21 - - 21 Yardbird 18 4 - 22 9 4 - 13 Total 966 5 (2) 969 977 7 (2) 982
000000053
1
338
413
000000054::0
Computing and Mobile Phones: The 6.4% comparable sales decline was driven primarily by computing, mobile phones and tablets.  Consumer Electronics: The 5.7% comparable sales decline was driven primarily by home theater, partially offset by comparable sales growth in headphones and portable speakers.  Appliances: The ...
000000054
0
0
551
000000054::1
 Services: The 7.6% comparable sales growth was driven primarily by the cumulative growth in our paid membership base
000000054
1
552
670
000000055::0
SQUARE,�INC.
000000055
0
0
12
000000055::1
CONSOLIDATED�BALANCE�SHEETS (In thousands, except share and per share data)   December�31,   2016   2015 Assets       Current assets:       Cash and cash equivalents $ 452,030   $ 461,329 Short-term investments 59,901   — Restricted cash 22,131   13,537 Settlement
000000055
1
13
277
000000055::2
s receivable 321,102   142,727 Customer funds held 43,574   9,446 Loans held for sale 42,144   604 Merchant cash advance receivable, net 4,212   36,473 Other current assets 56,331   41,447 Total current assets 1,001,425  
000000055
2
277
499
000000055::3
705,563 Property and equipment, net 88,328   87,222 Goodwill 57,173   56,699 Acquired intangible assets, net 19,292   26,776 Long-term investments 27,366   — Restricted cash 14,584   14,686 Other assets 3,194   3,826
000000055
3
499
716
000000055::4
Total assets $ 1,211,362   $ 894,772 Liabilities�and�Stockholders’�Equity       Current liabilities:       Accounts payable $ 12,602   $ 18,869 Customers payable 388,058   215,365 Customer funds obligation 43,574   9,446 Accrued transaction loss
000000055
4
716
961
000000055::5
es 20,064   17,176 Accrued expenses 39,543   44,401 Other current liabilities 73,623   28,945 Total current liabilities 577,464   334,202 Debt (Note 11) —   — Other liabilities 57,745   52,522 Total liabilities 635,2
000000055
5
961
1,177
000000055::6
09   386,724 Commitments and contingencies (Note 16)   Stockholders’ equity:     Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at December 31, 2016 and December 31, 2015.
000000055
6
1,177
1,370
000000055::7
None issued and outstanding at December 31, 2016 and December 31, 2015.
000000055
7
1,371
1,442
000000055::8
—   — Class A common stock, $0.0000001 par value: 1,000,000,000 shares authorized at December 31, 2016 and December 31, 2015; 198,746,620 and 31,717,133 issued and outstanding at December 31, 2016 and December 31, 
000000055
8
1,443
1,657
000000055::9
2015, respectively.
000000055
9
1,657
1,676
000000055::10
—   — Class B common stock, $0.0000001 par value: 500,000,000 shares authorized at December 31, 2016 and December 31, 2015; 165,800,756 and 303,232,312 issued and outstanding at December 31, 2016 and December 31, 2
000000055
10
1,677
1,891
000000055::11
015, respectively.
000000055
11
1,891
1,909
000000055::12
—   — Additional paid-in capital 1,357,381   1,116,882 Accumulated other comprehensive loss (1,989)   (1,185) Accumulated deficit (779,239)   (607,649) Total stockholders’ equity 576,153   508,048 Total liabilities and stockholders’ equity
000000055
12
1,910
2,149
000000055::13
$ 1,211,362   $ 894,772 See accompanying notes to consolidated financial statements.
000000055
13
2,149
2,234
000000055::14
68
000000055
14
2,235
2,237
000000056::0
SQUARE, INC.
000000056
0
0
12
000000056::1
CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Year Ended December 31, 2020 2019 2018 Revenue: Transaction-based revenue $ 3,294,978  $ 3,081,074  $ 2,471,451  Subscription and services-based revenue 1,539,403  1,031,456  591,706
000000056
1
13
271
000000056::2
  Hardware revenue 91,654  84,505  68,503  Bitcoin revenue 4,571,543  516,465  166,517  Total net revenue 9,497,578  4,713,500  3,298,177  Cost of revenue: Transaction-based costs 1,911,848
000000056
2
271
460
000000056::3
  1,937,971  1,558,562  Subscription and services-based costs 222,712  234,270  169,884  Hardware costs 143,901  136,385  94,114  Bitcoin costs 4,474,534  508,239  164,827  Amort
000000056
3
460
638
000000056::4
ization of acquired technology 11,174  6,950  7,090  Total cost of revenue 6,764,169  2,823,815  1,994,477  Gross profit 2,733,409  1,889,685  1,303,700  Operating expenses: Product development 881,826 
000000056
4
638
840
000000056::5
670,606  497,479  Sales and marketing 1,109,670  624,832  411,151  General and administrative 579,203  436,250  339,245  Transaction and loan losses 177,670  126,959  88,077  Amortization of
000000056
5
840
1,031
000000056::6
 acquired customer assets 3,855  4,481  4,362  Total operating expenses 2,752,224  1,863,128  1,340,314  Operating income (loss) (18,815) 26,557  (36,614) Gain on sale of asset group —  (373,445) —
000000056
6
1,031
1,228
000000056::7
  Interest expense, net 56,943  21,516  17,982  Other expense (income), net (291,725) 273  (18,469) Income (loss) before income tax 215,967  378,213  (36,127) Provision for income taxes 2,862  2,767 
000000056
7
1,228
1,427
000000056::8
2,326  Net income (loss) $ 213,105  $ 375,446  $ (38,453) Net income (loss) per share: Basic $ 0.48  $ 0.88  $ (0.09) Diluted $ 0.44  $ 0.81  $ (0.09) Weighted-average shares used to compute 
000000056
8
1,427
1,619
000000056::9
net income (loss) per share: Basic 443,126  424,999  405,731  Diluted 482,167  466,076  405,731  See accompanying notes to consolidated financial statements.
000000056
9
1,619
1,776
000000056::10
85
000000056
10
1,777
1,779
000000057::0
SQUARE, INC.
000000057
0
0
12
000000057::1
CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2020 2019 2018 Cash flows from operating activities: Net income (loss) $ 213,105  $ 375,446  $ (38,453) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 84,
000000057
1
13
307
000000057::2
212  75,598  60,961  Non-cash interest and other 76,129  33,478  28,512  Loss on extinguishment of long-term debt 6,651  —  5,047  Non-cash lease expense 70,253  29,696  —  Share-based compensation 397,800
000000057
2
307
512
000000057::3
  297,863  216,881  Replacement stock awards issued in connection with acquisition —  —  899  Gain on sale of asset group —  (373,445) —  Loss (gain) on revaluation of equity investment (295,297) 12,326  (20,342) Transaction and loan loss
000000057
3
512
750
000000057::4
es 177,670  126,959  88,077  Change in deferred income taxes (8,016) (1,376) (646) Changes in operating assets and liabilities: Settlements receivable (473,871) (248,271) 245,795  Customer funds (1,151,536
000000057
4
750
955
000000057::5
) (204,208) (131,004) Purchase of loans held for sale (1,837,137) (2,266,738) (1,609,611) Sales and principal payments of loans held for sale 1,505,406  2,168,682  1,579,834  Customers payable
000000057
5
955
1,148
000000057::6
1,733,138  523,795  15,597  Settlements payable 143,528  41,697  (60,651) Charge-offs to accrued transaction losses (73,613) (78,325) (58,192) Other assets and liabilities (186,819) (47,478
000000057
6
1,148
1,337
000000057::7
) (27,624) Net cash provided by operating activities 381,603  465,699  295,080  Cash flows from investing activities: Purchase of marketable debt securities (1,322,362) (992,583) (1,000,346) Proceeds from maturities of marketable debt securities 607
000000057
7
1,337
1,586
000000057::8
,134  430,888  197,454  Proceeds from sale of marketable debt securities 585,427  548,619  171,992  Purchase of marketable debt securities from customer funds (642,252) (311,499) (148,096) Proceeds from maturities 
000000057
8
1,586
1,800
000000057::9
of marketable debt securities from customer funds 382,887  158,055  —  Proceeds from sale of marketable debt securities from customer funds 51,430  17,493  48,334  Purchase of property and equipment (138,402) (62,498) (61,203) Purchase 
000000057
9
1,800
2,036
000000057::10
of other investments (51,277) (15,250) —  Proceeds from sale of equity investment —  33,016  —  Purchase of intangible assets —  —  (1,584) Proceeds from sale of asset group —  309,324  —  Business combinations, net of cash acquired (79,22
000000057
10
2,036
2,275
000000057::11
1) (20,372) (112,399) Net cash provided by (used in) investing activities: (606,636) 95,193  (905,848) Cash flows from financing activities: Proceeds from issuance of convertible senior notes, net 2,116,544  —  855,663  Purchase of convertible
000000057
11
2,275
2,518
000000057::12
 senior note hedges (338,145) —  (172,586) Proceeds from issuance of warrants 232,095  —  112,125  Principal payment on conversion of senior notes —  —  (219,384) Proceeds from PPP Liquidity Facility advances 464,094  —  —
000000057
12
2,518
2,740
000000057::13
  Proceeds from the exercise of stock options and purchases under the employee stock purchase plan, net 161,985  118,514  133,850  Payments for tax withholding related to vesting of restricted stock units (314,019) (212,264) (189,124) Other financing activities (7,
000000057
13
2,740
3,005
000000057::14
359) (5,124) (4,789) Net cash provided by (used in) financing activities 2,315,195  (98,874) 515,755  Effect of foreign exchange rate on cash and cash equivalents 12,995  3,841  (7,221) Net increase (decrease) in cash, cash
000000057
14
3,005
3,228
000000057::15
 equivalents and restricted cash 2,103,157  465,859  (102,234) Cash, cash equivalents and restricted cash, beginning of the year 1,098,706  632,847  735,081  Cash, cash equivalents and restricted cash, end of the year $ 3,201,8
000000057
15
3,228
3,455
000000057::16
63  $ 1,098,706  $ 632,847  See accompanying notes to consolidated financial statements.
000000057
16
3,455
3,543
000000057::17
89
000000057
17
3,544
3,546
000000058::0
Table of Contents The Boeing Company and Subsidiaries Consolidated Statements of Financial Position   (Dollars�in�millions,�except�per�share�data)       December 31, 2018   2017 Assets       Cash and cash equivalents $7,637   $8,813 Short-term and other investments 927   1,179 Accounts receivable, net 3,879   2,894
000000058
0
0
316
000000058::1
Unbilled receivables, net 10,025   8,194 Current portion of customer financing, net 460   309 Inventories 62,567   61,388 Other current assets 2,335   2,417 Total current assets 87,830   85,194 Customer financing, net 2,418   2,756 Property, plant and equipment, net
000000058
1
316
584
000000058::2
12,645   12,672 Goodwill 7,840   5,559 Acquired intangible assets, net 3,429   2,573 Deferred income taxes 284   321 Investments 1,087   1,260 Other assets, net of accumulated amortization of $503 and $482 1,826   2,027 Total assets $117,3
000000058
2
584
823
000000058::3
59   $112,362 Liabilities and equity       Accounts payable $12,916   $12,202 Accrued liabilities 14,808   13,069 Advances and progress billings 50,676   48,042 Short-term debt and current portion of long-term debt 3,190   1,335 Total current liabilities 81,590   7
000000058
3
823
1,088
000000058::4
4,648 Deferred income taxes 1,736   2,188 Accrued retiree health care 4,584   5,545 Accrued pension plan liability, net 15,323   16,471 Other long-term liabilities 3,059   2,015 Long-term debt 10,657   9,782 Shareholders’ equity:       Common stock, par value $5.
000000058
4
1,088
1,351
000000058::5
00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061   5,061 Additional paid-in capital 6,768   6,804 Treasury stock, at cost (52,348)   (43,454) Retained earnings 55,941   49,618 Accumulated other comprehensive loss (15,0
000000058
5
1,351
1,592
000000058::6
83)   (16,373) Total shareholders’ equity 339   1,656 Noncontrolling interests 71   57 Total equity 410   1,713 Total liabilities and equity $117,359   $112,362 See Notes to the Consolidated Financial Statements on pages 54 – 113 .
000000058
6
1,592
1,823
000000058::7
50
000000058
7
1,824
1,826
000000059::0
The Boeing Company and Subsidiaries Notes to the Consolidated Financial Statements Summary of Business Segment Data (Dollars in millions) Years ended December 31, 2022 2021 2020 Revenues: Commercial Airplanes $25,867 $19,493 $16,162 Defense, Space & Security 23,162 26,540 26,257 Global Services 17,611 16,328 15,
000000059
0
0
313
000000059::1
543 Boeing Capital 199 272 261 Unallocated items, eliminations and other (231) (347) (65) Total revenues $66,608 $62,286 $58,158
000000059
1
313
441
000000060::0
Multiple legal actions have been filed against us as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302.
000000060
0
0
183