GameStop 2010 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2010 GameStop annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 143

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143

Table of Contents
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
Issuers and
Guarantor Non-Guarantor
Subsidiaries Subsidiaries Consolidated
January 29, January 29, January 29,
For the 52 Weeks Ended January 29, 2011 2011 2011 Eliminations 2011
(Amounts in millions)
Sales $ 6,680.8 $ 2,792.9 $ — $ 9,473.7
Cost of sales 4,876.1 2,060.0 — 6,936.1
Gross profit 1,804.7 732.9 — 2,537.6
Selling, general and administrative expenses 1,129.3 571.0 — 1,700.3
Depreciation and amortization 115.0 59.7 — 174.7
Operating earnings 560.4 102.2 — 662.6
Interest income (45.7) (5.4) 49.3 (1.8)
Interest expense 46.3 40.0 (49.3) 37.0
Debt extinguishment expense 6.0 — — 6.0
Earnings before income tax expense 553.8 67.6 — 621.4
Income tax expense 188.4 26.2 — 214.6
Consolidated net income 365.4 41.4 — 406.8
Net loss attributable to noncontrolling interests — 1.2 — 1.2
Consolidated net income attributable to GameStop $ 365.4 $ 42.6 $ — $ 408.0
GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
Issuers and
Guarantor Non-Guarantor
Subsidiaries Subsidiaries Consolidated
January 30, January 30, January 30,
For the 52 Weeks Ended January 30, 2010 2010 2010 Eliminations 2010
(Amounts in millions)
Sales $ 6,274.9 $ 2,803.1 $ — $ 9,078.0
Cost of sales 4,554.3 2,089.0 — 6,643.3
Gross profit 1,720.6 714.1 — 2,434.7
Selling, general and administrative expenses 1,103.9 531.2 — 1,635.1
Depreciation and amortization 101.9 60.7 — 162.6
Operating earnings 514.8 122.2 — 637.0
Interest income (43.8) (10.9) 52.5 (2.2)
Interest expense 44.3 53.6 (52.5) 45.4
Debt extinguishment expense 5.3 — — 5.3
Earnings before income tax expense 509.0 79.5 — 588.5
Income tax expense 170.3 42.5 — 212.8
Consolidated net income 338.7 37.0 — 375.7
Net loss attributable to noncontrolling interests — 1.6 — 1.6
Consolidated net income attributable to GameStop $ 338.7 $ 38.6 $ — $ 377.3
F-36