GameStop 2006 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2006 GameStop annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

GAMESTOP CORP.
CONSOLIDATING BALANCE SHEET
Issuers and
Guarantor
Subsidiaries
January 28,
2006
Non-Guarantor
Subsidiaries
January 28,
2006 Eliminations
Consolidated
January 28,
2006
(Amounts in thousands, except per share amounts)
ASSETS:
Current assets:
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . $ 328,923 $ 72,670 $ — $ 401,593
Receivables, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87,039 12,228 (60,529) 38,738
Merchandise inventories, net . . . . . . . . . . . . . . . . . . . . . . . 470,013 133,165 — 603,178
Prepaid expenses and other current assets . . . . . . . . . . . . . . 11,016 5,323 — 16,339
Prepaid taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,534 (466) — 21,068
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,659 1,392 — 41,051
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 958,184 224,312 (60,529) 1,121,967
Property and equipment:
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 8,257 — 10,257
Buildings and leasehold improvements . . . . . . . . . . . . . . . . 194,069 68,839 — 262,908
Fixtures and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . 288,060 55,837 — 343,897
484,129 132,933 — 617,062
Less accumulated depreciation and amortization . . . . . . . . . . 177,241 7,696 — 184,937
Net property and equipment. . . . . . . . . . . . . . . . . . . . . . 306,888 125,237 — 432,125
Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 463,619 — (463,619) —
Goodwill, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,091,057 301,295 — 1,392,352
Assets held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,297 — — 19,297
Deferred financing fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,536 25 — 18,561
Other noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,341 17,178 — 31,519
Total other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,606,850 318,498 (463,619) 1,461,729
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,871,922 $668,047 $(524,148) $3,015,821
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT):
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 435,128 $108,160 $ — $ 543,288
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 286,505 105,883 (60,529) 331,859
Note payable, current portion . . . . . . . . . . . . . . . . . . . . . . 12,452 75 — 12,527
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 734,085 214,118 (60,529) 887,674
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,625 (10,985) — 13,640
Senior notes payable, long-term portion, net . . . . . . . . . . . . . . 641,788 — — 641,788
Senior floating rate notes payable, long-term portion . . . . . . . . 300,000 — — 300,000
Notes payable, long-term portion. . . . . . . . . . . . . . . . . . . . . . 21,189 486 — 21,675
Deferred rent and other long-term liabilities . . . . . . . . . . . . . . 35,522 809 — 36,331
Total long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . 1,023,124 (9,690) — 1,013,434
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,757,209 204,428 (60,529) 1,901,108
Stockholders’ equity (deficit):
Preferred stock — authorized 5,000 shares; no shares issued
or outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 47,313 (47,313) —
Class A common stock — $.001 par value; authorized
300,000 shares; 145,594 shares issued and outstanding . . . . 146 15,135 (15,135) 146
Additional paid-in-capital . . . . . . . . . . . . . . . . . . . . . . . . . 921,335 333,163 (333,163) 921,335
Accumulated other comprehensive income (loss) . . . . . . . . . 886 50 (50) 886
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192,346 67,958 (67,958) 192,346
Total stockholders’ equity (deficit) . . . . . . . . . . . . . . . . . 1,114,713 463,619 (463,619) 1,114,713
Total liabilities and stockholders’ equity (deficit) . . . . . . . $2,871,922 $668,047 $(524,148) $3,015,821
F-36
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)