GameStop 2005 Annual Report Download - page 76

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GAMESTOP CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
52 Weeks
Ended
January 28,
2006
52 Weeks
Ended
January 29,
2005
52 Weeks
Ended
January 31,
2004
(In thousands, except per share data)
Sales ............................................... $3,091,783 $1,842,806 $1,578,838
Cost of sales ......................................... 2,219,753 1,333,506 1,145,893
Gross profit ........................................ 872,030 509,300 432,945
Selling, general and administrative expenses .................. 599,343 373,364 299,193
Depreciation and amortization ............................. 66,355 36,789 29,368
Merger-related expenses ................................. 13,600 — —
Operating earnings ................................... 192,732 99,147 104,384
Interest income ........................................ (5,135) (1,919) (1,467)
Interest expense ....................................... 30,427 2,155 663
Merger-related interest expense ............................ 7,518 — —
Earnings before income tax expense ...................... 159,922 98,911 105,188
Income tax expense .................................... 59,138 37,985 41,721
Net earnings ........................................ $ 100,784 $ 60,926 $ 63,467
Net earnings per Class A and Class B common share — basic . .... $ 1.74 $ 1.11 $ 1.13
Weighted average shares of common stock — basic ............. 57,920 54,662 56,330
Net earnings per Class A and Class B common share — diluted .... $ 1.61 $ 1.05 $ 1.06
Weighted average shares of common stock — diluted ........... 62,486 57,796 59,764
See accompanying notes to consolidated financial statements.
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