GameStop 2009 Annual Report Download - page 105

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 52 Weeks Ended January 30, 2010
Issuers and
Guarantor
Subsidiaries
January 30,
2010
Non-Guarantor
Subsidiaries
January 30,
2010 Eliminations
Consolidated
January 30,
2010
(Amounts in thousands)
Sales ...................................... $6,274,899 $2,803,098 $ — $9,077,997
Cost of sales ................................ 4,554,298 2,089,047 — 6,643,345
Gross profit ............................... 1,720,601 714,051 — 2,434,652
Selling, general and administrative expenses ......... 1,103,867 531,257 — 1,635,124
Depreciation and amortization ................... 101,984 60,511 — 162,495
Operating earnings .......................... 514,750 122,283 — 637,033
Interest income .............................. (43,774) (10,915) 52,512 (2,177)
Interest expense .............................. 44,240 53,626 (52,512) 45,354
Debt extinguishment expense .................... 5,323 — — 5,323
Earnings before income tax expense............... 508,961 79,572 — 588,533
Income tax expense ........................... 170,223 42,581 — 212,804
Consolidated net income ..................... 338,738 36,991 — 375,729
Net loss attributable to noncontrolling interests ....... — 1,536 — 1,536
ConsolidatednetincomeattributabletoGameStop.... $ 338,738 $ 38,527 $ — $ 377,265
GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 52 Weeks Ended January 31, 2009
Issuers and
Guarantor
Subsidiaries
January 31,
2009
Non-Guarantor
Subsidiaries
January 31,
2009 Eliminations
Consolidated
January 31,
2009
(Amounts in thousands)
Sales ...................................... $6,466,663 $2,339,234 $ — $8,805,897
Cost of sales ................................ 4,767,229 1,768,533 — 6,535,762
Gross profit ............................... 1,699,434 570,701 — 2,270,135
Selling, general and administrative expenses ......... 1,034,733 410,686 — 1,445,419
Depreciation and amortization ................... 103,593 41,411 — 145,004
Merger-related expenses ....................... 4,593 — — 4,593
Operating earnings .......................... 556,515 118,604 — 675,119
Interest income .............................. (17,446) (36,995) 42,822 (11,619)
Interest expense .............................. 38,844 54,434 (42,822) 50,456
Debt extinguishment expense .................... 2,331 — — 2,331
Earnings before income tax expense ............. 532,786 101,165 — 633,951
Income tax expense ........................... 197,045 38,624 — 235,669
Consolidated net income ..................... 335,741 62,541 — 398,282
Net loss attributable to noncontrolling interests ....... — — — —
Consolidated net income attributable to GameStop . . $ 335,741 $ 62,541 $ — $ 398,282
F-37
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)