GameStop 2006 Annual Report Download - page 71

GAMESTOP CORP.
CONSOLIDATED BALANCE SHEETS
February 3,
2007
January 28,
2006
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents . ........................................... $ 652,403 $ 401,593
Receivables, net . . . ................................................ 34,268 38,738
Merchandise inventories, net .......................................... 675,385 603,178
Prepaid expenses and other current assets . ................................ 37,882 16,339
Prepaid taxes ..................................................... 5,545 21,068
Deferred taxes .................................................... 34,858 41,051
Total current assets ............................................... 1,440,341 1,121,967
Property and equipment:
Land ........................................................... 10,712 10,257
Buildings and leasehold improvements . . . ................................ 305,806 262,908
Fixtures and equipment . . . ........................................... 425,841 343,897
742,359 617,062
Less accumulated depreciation and amortization . ........................... 285,896 184,937
Net property and equipment . . . ...................................... 456,463 432,125
Goodwill, net . ...................................................... 1,403,907 1,392,352
Assets held for sale . . ................................................ — 19,297
Deferred financing fees................................................ 14,375 18,561
Deferred taxes ...................................................... 5,804 —
Other noncurrent assets................................................ 28,694 31,519
Total other assets ................................................ 1,452,780 1,461,729
Total assets ..................................................... $3,349,584 $3,015,821
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable . . ................................................ $ 717,868 $ 543,288
Accrued liabilities. . ................................................ 357,013 331,859
Notes payable, current portion . . . ...................................... 12,176 12,527
Total current liabilities. . ........................................... 1,087,057 887,674
Deferred taxes ...................................................... — 13,640
Senior notes payable, long-term portion, net . ................................ 593,311 641,788
Senior floating rate notes payable, long-term portion .......................... 250,000 300,000
Note payable, long-term portion . . . ...................................... 412 21,675
Deferred rent and other long-term liabilities . ................................ 42,926 36,331
Total long-term liabilities ........................................... 886,649 1,013,434
Total liabilities . . ................................................ 1,973,706 1,901,108
Commitments and contingencies (Notes 10 and 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; 152,305 and
145,594 shares issued and outstanding, respectively ........................ 152 146
Additional paid-in-capital . ........................................... 1,021,903 921,335
Accumulated other comprehensive income ................................ 3,227 886
Retained earnings . . ................................................ 350,596 192,346
Total stockholders’ equity . ......................................... 1,375,878 1,114,713
Total liabilities and stockholders’ equity . . .............................. $3,349,584 $3,015,821
See accompanying notes to consolidated financial statements.
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