GameStop 2012 Annual Report Download - page 98

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
7. Receivables, Net
Receivables consist primarily of bankcard receivables and other receivables. Other receivables include
receivables from Game Informer magazine advertising customers, receivables from landlords for tenant
allowances and receivables from vendors for merchandise returns, vendor marketing allowances and various
other programs. An allowance for doubtful accounts has been recorded to reduce receivables to an amount
expected to be collectible. Receivables consisted of the following (in millions):
February 2,
2013
January 28,
2012
Bankcard receivables ........................................... $35.9 $31.1
Other receivables .............................................. 40.0 36.0
Allowance for doubtful accounts .................................. (2.3) (2.7)
Total receivables, net ........................................... $73.6 $64.4
8. Accrued Liabilities
Accrued liabilities consisted of the following (in millions):
February 2,
2013
January 28,
2012
Customer liabilities ............................................. $362.8 $323.2
Deferred revenue ............................................... 93.5 84.6
Employee benefits, compensation and related taxes ................... 129.8 135.4
Other taxes ................................................... 60.5 60.4
Other accrued liabilities ......................................... 94.4 146.2
Total accrued liabilities .......................................... $741.0 $749.8
9. Goodwill, Intangible Assets and Deferred Financing Fees
Goodwill
The changes in the carrying amount of goodwill for the Company’s reportable segments for the 52 weeks
ended January 28, 2012 and the 53 weeks ended February 2, 2013 were as follows:
United States Canada Australia Europe Total
(In millions)
Balance at January 29, 2011 ....................... $1,128.6 $ 137.4 $ 195.9 $ 534.4 $1,996.3
Goodwill acquired, net ........................... 26.9 — — — 26.9
Charge from exit of non-core business ............... (3.3) — — — (3.3)
Foreign currency translation adjustment .............. (0.2) — 14.1 (14.8) (0.9)
Balance at January 28, 2012 ....................... 1,152.0 137.4 210.0 519.6 2,019.0
Goodwill acquired, net ........................... 1.5 — — — 1.5
Impairment loss ................................. — (100.3) (107.1) (419.6) (627.0)
Foreign currency translation adjustment .............. — 0.6 (6.3) (4.7) (10.4)
Balance at February 2, 2013 ....................... $1,153.5 $ 37.7 $ 96.6 $ 95.3 $1,383.1
F-23