GameStop 2009 Annual Report Download - page 104

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GAMESTOP CORP.
CONSOLIDATING BALANCE SHEET
Issuers and
Guarantor
Subsidiaries
January 31,
2009
Non-Guarantor
Subsidiaries
January 31,
2009 Eliminations
Consolidated
January 31,
2009
(Amounts in thousands, except per share amounts)
ASSETS:
Current assets:
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 373,178 $ 204,963 $ — $ 578,141
Receivables, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195,677 678,203 (807,899) 65,981
Merchandise inventories, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 637,257 438,535 — 1,075,792
Deferred income taxes — current . . . . . . . . . . . . . . . . . . . . . . . . . . 21,088 2,527 — 23,615
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,957 18,144 — 59,101
Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,262 9,149 — 15,411
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,274,419 1,351,521 (807,899) 1,818,041
Property and equipment:
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,670 7,727 — 10,397
Buildings and leasehold improvements . . . . . . . . . . . . . . . . . . . . . . 281,481 173,170 — 454,651
Fixtures and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 509,585 110,260 — 619,845
Total property and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . 793,736 291,157 — 1,084,893
Less accumulated depreciation and amortization . . . . . . . . . . . . . . . . 436,068 99,571 — 535,639
Net property and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 357,668 191,586 — 549,254
Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,840,987 — (1,840,987) —
Goodwill, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,096,622 736,389 — 1,833,011
Other intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,525 240,265 — 247,790
Other noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,546 22,852 — 35,398
Total noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,315,348 1,191,092 (1,840,987) 2,665,453
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,589,767 $2,542,613 $(2,648,886) $4,483,494
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 736,805 $ 311,158 $ — $1,047,963
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 985,240 320,912 (807,899) 498,253
Taxes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,971 13,524 — 16,495
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,725,016 645,594 (807,899) 1,562,711
Senior notes payable, long-term portion, net . . . . . . . . . . . . . . . . . . . . 545,712 — — 545,712
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,523 — — 7,523
Other long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,931 56,032 — 96,963
Total long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 594,166 56,032 — 650,198
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,319,182 701,626 (807,899) 2,212,909
Stockholders’ equity:
Preferred stock — authorized 5,000 shares; no shares issued or
outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — —
Class A common stock — $.001 par value; authorized 300,000 shares;
163,843 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . 164 — — 164
Additional paid-in-capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,307,453 1,699,630 (1,699,630) 1,307,453
Accumulated other comprehensive income (loss) . . . . . . . . . . . . . . . (57,522) (62,896) 62,896 (57,522)
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,020,490 204,253 (204,253) 1,020,490
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,270,585 1,840,987 (1,840,987) 2,270,585
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . . $4,589,767 $2,542,613 $(2,648,886) $4,483,494
F-36
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)