GameStop 2008 Annual Report Download - page 100

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Fiscal Year Ended February 2, 2008
United
States Canada Australia Europe Other Consolidated
Sales............................. $5,438.8 $473.0 $420.8 $761.4 $ — $7,094.0
Depreciation and amortization .......... 100.0 7.9 8.3 14.1 — 130.3
Operating earnings .................. 391.2 35.8 41.8 32.6 — 501.4
Interest income ..................... (21.9) (2.0) (3.2) (12.6) 25.9 (13.8)
Interest expense..................... 61.0 — 0.3 26.2 (25.9) 61.6
Earnings before income tax expense...... 364.9 26.9 35.0 14.3 — 441.1
Income tax expense .................. 129.7 9.6 10.4 3.1 — 152.8
Goodwill.......................... 1,096.6 116.8 147.2 41.8 — 1,402.4
Other long-lived assets ............... 377.5 35.8 34.6 130.8 — 578.7
Total assets ........................ 2,742.0 274.7 251.1 508.1 — 3,775.9
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
18. Supplemental Cash Flow Information
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
53 Weeks
Ended
February 3,
2007
(In thousands)
Cash paid during the period for:
Interest .............................................. $ 45,252 $59,357 $81,732
Income taxes .......................................... 204,776 47,792 59,620
Subsidiaries acquired:
Goodwill............................................. 459,287 (1,061) 8,083
Cash received in acquisition............................... 45,650 — 41
Net assets acquired (or liabilities assumed) .................... 171,419 — 3,220
Cash paid .............................................. $676,356 $ (1,061) $11,344
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)