GameStop 2005 Annual Report Download - page 110

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the Fiscal Year Ended January 31, 2004
Issuers and
Guarantor
Subsidiaries
January 31,
2004
Non-Guarantor
Subsidiaries
January 31,
2004 Eliminations
Consolidated
January 31,
2004
(Amounts in thousands)
Sales ................................... $1,564,037 $14,801 $— $1,578,838
Cost of sales ............................. 1,133,996 11,897 — 1,145,893
Gross profit ............................ 430,041 2,904 — 432,945
Selling, general and administrative expenses ...... 296,146 3,047 — 299,193
Depreciation and amortization ................ 29,122 246 — 29,368
Operating earnings (loss) . . ................ 104,773 (389) — 104,384
Interest income ........................... (1,467) — — (1,467)
Interest expense ........................... 634 29 — 663
Earnings (loss) before income tax expense
(benefit) ............................. 105,606 (418) — 105,188
Income tax expense (benefit) . ................ 41,820 (99) — 41,721
Net earnings (loss) ....................... $ 63,786 $ (319) $— $ 63,467
101
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)