GameStop 2010 Annual Report Download - page 107

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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 31, January 31, January 31,
For the 52 Weeks Ended January 31, 2009 2009 2009 Eliminations 2009
(Amounts in millions)
Sales $ 6,466.7 $ 2,339.2 $ — $ 8,805.9
Cost of sales 4,767.3 1,768.5 — 6,535.8
Gross profit 1,699.4 570.7 — 2,270.1
Selling, general and administrative expenses 1,034.7 410.7 — 1,445.4
Depreciation and amortization 103.6 41.4 — 145.0
Merger-related expenses 4.6 — — 4.6
Operating earnings 556.5 118.6 — 675.1
Interest income (17.4) (37.0) 42.8 (11.6)
Interest expense 38.8 54.4 (42.8) 50.4
Debt extinguishment expense 2.3 — — 2.3
Earnings before income tax expense 532.8 101.2 — 634.0
Income tax expense 197.1 38.6 — 235.7
Consolidated net income 335.7 62.6 — 398.3
Net loss attributable to noncontrolling interests — — — —
Consolidated net income attributable to GameStop $ 335.7 $ 62.6 $ — $ 398.3
F-37