GameStop 2009 Annual Report Download - page 106

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 52 Weeks Ended February 2, 2008
Issuers and
Guarantor
Subsidiaries
February 2,
2008
Non-Guarantor
Subsidiaries
February 2,
2008 Eliminations
Consolidated
February 2,
2008
(Amounts in thousands)
Sales ...................................... $5,438,757 $1,655,205 $ — $7,093,962
Cost of sales ................................ 4,022,955 1,257,300 — 5,280,255
Gross profit ............................... 1,415,802 397,905 — 1,813,707
Selling, general and administrative expenses ......... 899,292 282,724 — 1,182,016
Depreciation and amortization ................... 99,966 30,304 — 130,270
Operating earnings .......................... 416,544 84,877 — 501,421
Interest income .............................. (21,893) (17,754) 25,868 (13,779)
Interest expense .............................. 60,917 26,504 (25,868) 61,553
Debt extinguishment expense .................... 12,591 — — 12,591
Earnings before income tax expense ............. 364,929 76,127 — 441,056
Income tax expense ........................... 129,655 23,110 — 152,765
Consolidated net income ..................... 235,274 53,017 288,291
Net loss attributable to noncontrolling interests ....... — — — —
Consolidated net income attributable to GameStop . . $ 235,274 $ 53,017 $ — $ 288,291
F-38
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)