GameStop 2003 Annual Report Download - page 45

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Table of Contents
GAMESTOP CORP.
CONSOLIDATED BALANCE SHEETS
January 31, February 1,
2004 2003
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $204,905 $232,030
Receivables, net 9,545 6,893
Merchandise inventories 223,526 161,369
Prepaid expenses and other current assets 14,340 10,127
Prepaid taxes 12,775
—
Deferred taxes 7,661 6,034
Total current assets 472,752 416,453
Property and equipment:
Leasehold improvements 57,259 39,927
Fixtures and equipment 131,556 84,726
188,815 124,653
Less accumulated depreciation and amortization 84,784 56,259
Net property and equipment 104,031 68,394
Goodwill, net 320,826 317,957
Other noncurrent assets 1,315 1,105
Total other assets 322,141 319,062
Total assets $898,924 $803,909
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 204,011 $ 160,378
Accrued liabilities 79,839 65,779
Accrued income taxes payable
—
15,814
Total current liabilities 283,850 241,971
Deferred taxes 17,731 10,391
Other long-term liabilities 3,310 2,872
21,041 13,263
Total liabilities 304,891 255,234
Stockholders’ equity :
Preferred stock — authorized 5,000 shares; no shares issued or outstanding
—
—
Class A common stock — $.001 par value; authorized 300,000 shares;
22,993 and 21,050 shares issued, respectively 23 21
Class B common stock — $.001 par value; authorized 100,000 shares;
36,009 shares issued and outstanding 36 36
Additional paid-in-capital 510,597 493,998
Accumulated other comprehensive income 296
—
Retained earnings 118,087 54,620
Treasury stock, at cost, 2,304 and 0 shares, respectively (35,006)
—
Total stockholders’ equity 594,033 548,675
Total liabilities and stockholders’ equity $898,924 $803,909
See accompanying notes to consolidated financial statements.
F-3