GameStop 2012 Annual Report Download - page 113

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
As of and for the Fiscal Year Ended January 29, 2011
United
States Canada Australia Europe Other Consolidated
Net 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
18. Supplemental Cash Flow Information
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
(In millions)
Cash paid during the period for:
Interest ..................................................... $ 2.7 $ 24.7 $ 36.9
Income taxes ................................................. $246.1 $210.7 $171.1
Subsidiaries acquired:
Goodwill .................................................. 1.5 26.9 28.5
Noncontrolling interests ...................................... — 0.1 —
Net assets acquired (or liabilities assumed) ....................... — 3.1 9.6
Cash paid for subsidiaries .................................... $ 1.5 $ 30.1 $ 38.1
Other non-cash financing activities:
Treasury stock repurchases settled after the fiscal year ends .......... $ — $ 0.1 $ 22.0
19. Stockholders’ Equity
The holders of Class A Common Stock are entitled to one vote per share on all matters to be voted on by
stockholders. Holders of Class A Common Stock will share in any dividend declared by the Board of Directors,
subject to any preferential rights of any outstanding preferred stock. In the event of the Company’s liquidation,
dissolution or winding up, all holders of common stock are entitled to share ratably in any assets available for
distribution to holders of shares of common stock after payment in full of any amounts required to be paid to
holders of preferred stock.
In 2005, the Company adopted a rights agreement under which one right (a “Right”) is attached to each
outstanding share of the Company’s common stock. Each Right entitles the holder to purchase from the
Company one one-thousandth of a share of a series of preferred stock, designated as Series A Junior Participating
Preferred Stock (the “Series A Preferred Stock”), at a price of $100.00 per one one-thousandth of a share. The
Rights will be exercisable only if a person or group acquires 15% or more of the voting power of the Company’s
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