GameStop 2005 Annual Report Download - page 109

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the Fiscal Year Ended January 28, 2006
Issuers and
Guarantor
Subsidiaries
January 28,
2006
Non-Guarantor
Subsidiaries
January 28,
2006 Eliminations
Consolidated
January 28,
2006
(Amounts in thousands)
Sales ................................... $2,709,786 $381,997 $ — $3,091,783
Cost of sales ............................. 1,927,765 291,988 — 2,219,753
Gross profit ............................ 782,021 90,009 — 872,030
Selling, general and administrative expenses ...... 536,130 63,213 — 599,343
Depreciation and amortization ................ 58,628 7,727 — 66,355
Merger-related expenses ..................... 13,600 — — 13,600
Operating earnings ....................... 173,663 19,069 — 192,732
Interest income ........................... (9,123) (1,791) 5,779 (5,135)
Interest expense ........................... 32,906 3,300 (5,779) 30,427
Merger-related interest expense ............... 7,518 7,518
Earnings (loss) before income tax expense
(benefit) ............................. 142,362 17,560 — 159,922
Income tax expense (benefit) . ................ 50,872 8,266 — 59,138
Net earnings (loss) ....................... $ 91,490 $ 9,294 $ — $ 100,784
GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the Fiscal Year Ended January 29, 2005
Issuers and
Guarantor
Subsidiaries
January 29,
2005
Non-Guarantor
Subsidiaries
January 29,
2005 Eliminations
Consolidated
January 29,
2005
(Amounts in thousands)
Sales ................................... $1,818,158 $24,648 $— $1,842,806
Cost of sales ............................. 1,314,937 18,569 — 1,333,506
Gross profit ............................ 503,221 6,079 — 509,300
Selling, general and administrative expenses ...... 364,903 8,461 — 373,364
Depreciation and amortization ................ 36,187 602 — 36,789
Operating earnings (loss) . . ................ 102,131 (2,984) — 99,147
Interest income ........................... (1,854) (65) — (1,919)
Interest expense ........................... 2,024 131 — 2,155
Earnings (loss) before income tax expense
(benefit) ............................. 101,961 (3,050) — 98,911
Income tax expense (benefit) . ................ 38,619 (634) — 37,985
Net earnings (loss) ....................... $ 63,342 $ (2,416) $— $ 60,926
100
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)