GameStop 2009 Annual Report Download - page 100

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Fiscal Year Ended January 31, 2009
United
States Canada Australia Europe Other Consolidated
Sales ........................... $6,466.7 $548.2 $520.0 $1,271.0 $ — $8,805.9
Depreciation and amortization ......... 103.6 8.1 9.7 23.6 — 145.0
Operating earnings ................. 530.1 32.6 46.8 65.6 — 675.1
Interest income .................... (30.0) (0.9) (3.1) (20.0) 42.4 (11.6)
Interest expense ................... 49.8 — 0.2 42.9 (42.4) 50.5
Earnings before income tax expense .... 534.4 22.4 39.9 37.3 — 634.0
Income tax expense ................ 197.1 7.5 12.3 18.8 — 235.7
Goodwill ........................ 1,096.6 112.0 125.6 498.8 — 1,833.0
Other long-lived assets .............. 377.8 28.4 24.6 401.6 — 832.4
Total assets....................... 2,592.5 288.8 290.7 1,311.5 — 4,483.5
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
18. Supplemental Cash Flow Information
52 Weeks
Ended
January 30,
2010
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
(In thousands)
Cash paid during the period for:
Interest .............................................. $ 44,136 $ 45,252 $59,357
Income taxes .......................................... 153,083 204,776 47,792
Subsidiaries acquired:
Goodwill............................................. 4,194 459,287 (1,061)
Cash received in acquisition............................... 51 45,650 —
Noncontrolling interests .................................. 4,667 — —
Net assets acquired (or liabilities assumed) .................... (504) 171,419 —
Cash paid for subsidiaries ................................ $ 8,408 $676,356 $ (1,061)
Other non-cash financing activities:
Treasury stock repurchases settled in Feb. 2010 ................ $ 64,615 $ — $ —
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 shares of Class B common stock were
converted into shares of Class A common stock on a one-for-one basis. In addition, on February 9, 2007, the Board
F-32
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)