GameStop 2011 Annual Report Download - page 78

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GAMESTOP CORP.
CONSOLIDATED BALANCE SHEETS
January 28,
2012
January 29,
2011
(In millions)
ASSETS
Current assets:
Cash and cash equivalents ............................................... $ 655.0 $ 710.8
Receivables, net ....................................................... 64.4 65.5
Merchandise inventories, net ............................................. 1,137.5 1,257.5
Deferred income taxes — current .......................................... 44.7 28.8
Prepaid expenses ....................................................... 79.9 75.7
Other current assets ..................................................... 15.8 16.5
Total current assets ................................................... 1,997.3 2,154.8
Property and equipment:
Land ................................................................ 22.8 24.0
Buildings and leasehold improvements ..................................... 602.2 577.2
Fixtures and equipment .................................................. 876.3 817.8
Total property and equipment ........................................... 1,501.3 1,419.0
Less accumulated depreciation and amortization .............................. 928.0 805.2
Net property and equipment ............................................ 573.3 613.8
Goodwill, net ............................................................ 2,019.0 1,996.3
Other intangible assets .................................................... 209.1 254.6
Other noncurrent assets .................................................... 48.7 44.3
Total noncurrent assets ................................................ 2,850.1 2,909.0
Total assets ......................................................... $4,847.4 $5,063.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...................................................... $ 804.3 $1,028.1
Accrued liabilities ...................................................... 749.8 657.0
Taxes payable ......................................................... 79.8 62.7
Total current liabilities ................................................ 1,633.9 1,747.8
Senior notes payable, long-term portion, net ................................... — 249.0
Deferred taxes ........................................................... 67.1 74.9
Other long-term liabilities .................................................. 106.2 96.2
Total long-term liabilities .............................................. 173.3 420.1
Total liabilities ...................................................... 1,807.2 2,167.9
Commitments and contingencies (Notes 11 and 12)
Stockholders’ equity:
Preferred stock — authorized 5.0 shares; no shares issued or outstanding .......... — —
Class A common stock — $.001 par value; authorized 300.0 shares; 136.8 and
146.0 shares outstanding, respectively .................................... 0.1 0.1
Additional paid-in-capital ................................................ 726.6 928.9
Accumulated other comprehensive income .................................. 169.7 162.5
Retained earnings ...................................................... 2,145.7 1,805.8
Equity attributable to GameStop Corp. stockholders ......................... 3,042.1 2,897.3
Equity (deficit) attributable to noncontrolling interest .......................... (1.9) (1.4)
Total equity ......................................................... 3,040.2 2,895.9
Total liabilities and stockholders’ equity .................................. $4,847.4 $5,063.8
See accompanying notes to consolidated financial statements.
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