GameStop 2007 Annual Report Download - page 100

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Fiscal Year Ended February 3, 2007
United
States Canada Australia Europe Other Consolidated
Sales............................. $4,269.5 $319.7 $288.1 $441.6 $ — $5,318.9
Depreciation and amortization .......... 85.3 6.6 6.3 11.7 — 109.9
Operating earnings .................. 285.4 20.0 27.3 1.0 — 333.7
Interest income ..................... (16.8) (0.8) (1.5) (8.5) 16.3 (11.3)
Interest expense..................... 84.3 — 0.1 16.6 (16.3) 84.7
Earnings (loss) before income tax
expense ......................... 211.8 20.9 28.7 (7.1) — 254.3
Income tax expense .................. 78.6 7.4 8.8 1.2 — 96.0
Goodwill.......................... 1,098.1 116.8 147.2 41.8 — 1,403.9
Other long-lived assets ............... 343.2 32.5 25.4 104.2 — 505.3
Total assets ........................ 2,618.9 210.4 210.7 309.6 — 3,349.6
Fiscal Year Ended January 28, 2006
United
States Canada Australia Europe Other Consolidated
Sales ............................. $2,709.8 $111.4 $ 94.4 $176.2 $ — $3,091.8
Depreciation and amortization ........... 58.6 2.6 1.9 3.3 — 66.4
Operating earnings ................... 173.7 7.9 11.0 0.1 — 192.7
Interest income ...................... (9.1) (0.2) (0.3) (1.3) 5.8 (5.1)
Interest expense ..................... 32.9 0.2 — 3.1 (5.8) 30.4
Earnings (loss) before income tax expense
(benefit) ......................... 142.4 7.9 11.2 (1.6) — 159.9
Income tax expense ................... 50.9 2.8 3.2 2.2 — 59.1
Goodwill .......................... 1,091.1 116.8 146.4 38.1 — 1,392.4
Other long-lived assets ................ 359.1 37.6 21.0 83.8 — 501.5
Total assets ......................... 2,347.8 210.4 214.7 242.9 — 3,015.8
18. Supplemental Cash Flow Information
52 Weeks
Ended
February 2,
2008
53 Weeks
Ended
February 3,
2007
52 Weeks
Ended
January 28,
2006
(In thousands)
Cash paid during the period for:
Interest ............................................. $59,357 $81,732 $ 9,258
Income taxes ......................................... 47,792 59,620 40,434
Subsidiaries acquired:
Goodwill ............................................ (1,061) 8,083 1,071,464
Cash received in acquisition .............................. — 41 120,696
Net assets acquired (or liabilities assumed) ................... 3,220 251,796
Issuance of common shares to EB Stockholders ............... — — (437,144)
Cash paid ............................................. $(1,061) $11,344 $1,006,812
19. Shareholders’ Equity
On February 7, 2007, following approval by a majority of the Class B common stockholders in a special
meeting of the Company’s Class B common stockholders, all outstanding Class B common shares were converted
into Class A common shares on a one-for-one basis. In addition, on February 9, 2007, the Board of Directors of the
Company authorized a two-for-one stock split, effected by a one-for-one stock dividend to stockholders of record at
the close of business on February 20, 2007, paid on March 16, 2007.
F-33
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)