GameStop 2011 Annual Report Download - page 106

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Fiscal Year Ended January 29, 2011
United
States Canada Australia Europe Other Consolidated
Sales .................................. $6,681.2 $502.3 $565.2 $1,725.0 $ — $9,473.7
Depreciation and amortization .............. 115.6 7.4 10.9 40.8 — 174.7
Asset impairment and restructuring charges .... — — — 1.5 — 1.5
Operating earnings ....................... 530.8 22.6 41.0 68.2 — 662.6
Interest income .......................... (45.7) (0.2) (4.4) (0.7) 49.2 (1.8)
Interest expense .......................... 35.7 — 0.2 50.3 (49.2) 37.0
Earnings before income tax expense .......... 534.9 22.8 45.1 18.6 — 621.4
Income tax expense ....................... 180.4 7.4 13.7 13.1 — 214.6
Goodwill ............................... 1,128.6 137.4 195.9 534.4 — 1,996.3
Other long-lived assets .................... 421.9 27.2 50.5 413.1 — 912.7
Total assets ............................. 2,896.7 357.6 469.4 1,340.1 — 5,063.8
Fiscal Year Ended January 30, 2010
United
States Canada Australia Europe Other Consolidated
Sales .................................. $6,275.0 $491.4 $530.2 $1,781.4 $ — $9,078.0
Depreciation and amortization .............. 102.1 7.4 9.4 43.7 — 162.6
Asset impairment and restructuring charges .... — 0.2 — 1.6 — 1.8
Operating earnings ....................... 488.8 35.0 46.0 67.2 — 637.0
Interest income .......................... (51.5) — (1.7) (1.4) 52.4 (2.2)
Interest expense .......................... 44.2 — 0.1 53.5 (52.4) 45.4
Earnings before income tax expense .......... 490.8 35.0 47.5 15.2 — 588.5
Income tax expense ....................... 162.5 11.3 14.2 24.8 — 212.8
Goodwill ............................... 1,100.2 128.5 174.1 543.7 — 1,946.5
Other long-lived assets .................... 384.1 29.4 33.6 434.4 — 881.5
Total assets ............................. 2,864.9 337.8 399.9 1,352.7 — 4,955.3
18. Supplemental Cash Flow Information
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
52 Weeks
Ended
January 30,
2010
(In millions)
Cash paid during the period for:
Interest .................................................... $ 24.7 $ 36.9 $ 44.1
Income taxes ................................................ 210.7 171.1 153.1
Subsidiaries acquired:
Goodwill ................................................... 26.9 28.5 4.2
Noncontrolling interests ....................................... 0.1 — 4.7
Net assets acquired (or liabilities assumed) ........................ 3.1 9.6 (0.5)
Cash paid for subsidiaries ...................................... $ 30.1 $ 38.1 $ 8.4
Other non-cash financing activities:
Treasury stock repurchases settled after the fiscal year ends ........... $ 0.1 $ 22.0 $ 64.6
F-32