GameStop 2006 Annual Report Download - page 105

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 53 Weeks Ended February 3, 2007
Issuers and
Guarantor
Subsidiaries
February 3,
2007
Non-Guarantor
Subsidiaries
February 3,
2007 Eliminations
Consolidated
February 3,
2007
(Amounts in thousands)
Sales ................................... $4,269,484 $1,049,416 $ — $5,318,900
Cost of sales ............................. 3,063,450 784,008 — 3,847,458
Gross profit ............................ 1,206,034 265,408 — 1,471,442
Selling, general and administrative expenses ...... 807,600 192,535 — 1,000,135
Depreciation and amortization ................ 85,251 24,611 — 109,862
Stock-based compensation . . . ................ 20,978 — — 20,978
Merger-related expenses ..................... 6,788 — — 6,788
Operating earnings ....................... 285,417 48,262 — 333,679
Interest income ........................... (16,796) (10,875) 16,333 (11,338)
Interest expense ........................... 84,340 16,655 (16,333) 84,662
Debt extinguishment expense . ................ 6,059 — — 6,059
Earnings before income tax expense .......... 211,814 42,482 — 254,296
Income tax expense ........................ 78,654 17,392 — 96,046
Net earnings............................ $ 133,160 $ 25,090 $ — $ 158,250
GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 52 Weeks 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 ...... 535,783 63,213 — 598,996
Depreciation and amortization ................ 58,628 7,727 — 66,355
Stock-based compensation . . . ................ 347 — — 347
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 before income tax expense .......... 142,362 17,560 — 159,922
Income tax expense ........................ 50,872 8,266 — 59,138
Net earnings............................ $ 91,490 $ 9,294 $ — $ 100,784
F-37
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)