GameStop 2005 Annual Report Download - page 75

GAMESTOP CORP.
CONSOLIDATED BALANCE SHEETS
January 28,
2006
January 29,
2005
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents ......................................... $ 401,593 $170,992
Receivables, net . . ............................................... 38,738 9,812
Merchandise inventories, net........................................ 603,178 216,296
Prepaid expenses and other current assets .............................. 16,339 18,400
Prepaid taxes ................................................... 19,135 3,703
Deferred taxes . . . ............................................... 42,282 5,785
Total current assets ............................................. 1,121,265 424,988
Property and equipment:
Land ......................................................... 10,257 2,000
Buildings and leasehold improvements ................................ 262,908 106,428
Fixtures and equipment ........................................... 343,897 184,536
617,062 292,964
Less accumulated depreciation and amortization ......................... 184,937 124,565
Net property and equipment ...................................... 432,125 168,399
Goodwill, net..................................................... 1,392,352 320,888
Assets held for sale . ............................................... 19,297 —
Deferred financing fees ............................................. 18,561 566
Other noncurrent assets ............................................. 31,519 1,142
Total other assets .............................................. 1,461,729 322,596
Total assets................................................... $3,015,119 $915,983
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable . ............................................... $ 543,288 $206,739
Accrued liabilities ............................................... 331,859 94,983
Notes payable, current portion ...................................... 12,527 12,173
Total current liabilities .......................................... 887,674 313,895
Deferred taxes .................................................... 12,938 21,257
Senior notes payable, long-term portion, net .............................. 641,788 —
Senior floating rate notes payable, long-term portion........................ 300,000 —
Note payable, long-term portion ....................................... 21,675 24,347
Deferred rent and other long-term liabilities .............................. 36,331 13,473
Total long-term liabilities ........................................ 1,012,732 59,077
Total liabilities . ............................................... 1,900,406 372,972
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock — authorized 5,000 shares; no shares issued or outstanding ..... — —
Class A common stock — $.001 par value; authorized 300,000 shares; 42,895
and 24,189 shares issued, respectively ............................... 43 24
Class B common stock — $.001 par value; authorized 100,000 shares;
29,902 shares issued and outstanding................................ 30 30
Additional paid-in-capital .......................................... 921,349 500,769
Accumulated other comprehensive income ............................. 886 567
Retained earnings . ............................................... 192,405 91,621
Treasury stock, at cost, 0 and 3,263 shares, respectively ................... — (50,000)
Total stockholders’ equity ........................................ 1,114,713 543,011
Total liabilities and stockholders’ equity ............................. $3,015,119 $915,983
See accompanying notes to consolidated financial statements.
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