GameStop 2007 Annual Report Download - page 105

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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 ...... 536,130 63,213 — 599,343
Depreciation and amortization ................ 58,628 7,727 — 66,355
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-38
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)