GameStop 2013 Annual Report Download - page 47

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30
The selected financial data set forth below should be read in conjunction with “Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and notes thereto included
in this Form 10-K.
52 Weeks
Ended
February 1,
2014
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
52 Weeks
Ended
January 30,
2010
(In millions, except per share data and statistical data)
Statement of Operations Data:
Net sales..................................................... $ 9,039.5 $ 8,886.7 $ 9,550.5 $ 9,473.7 $ 9,078.0
Cost of sales............................................... 6,378.4 6,235.2 6,871.0 6,936.1 6,643.3
Gross profit................................................ 2,661.1 2,651.5 2,679.5 2,537.6 2,434.7
Selling, general and administrative
expenses..................................................... 1,892.4 1,835.9 1,842.1 1,698.8 1,633.3
Depreciation and amortization .................. 166.5 176.5 186.3 174.7 162.6
Goodwill impairments(1) .......................... 10.2 627.0 — — —
Asset impairments and restructuring
charges(2) .................................................. 18.5 53.7 81.2 1.5 1.8
Operating earnings (loss)........................... 573.5 (41.6) 569.9 662.6 637.0
Interest expense (income), net................... 4.7 3.3 19.8 35.2 43.2
Debt extinguishment expense.................... — — 1.0 6.0 5.3
Earnings (loss) before income tax
expense ...................................................... 568.8 (44.9) 549.1 621.4 588.5
Income tax expense ................................... 214.6 224.9 210.6 214.6 212.8
Net income (loss)....................................... 354.2 (269.8) 338.5 406.8 375.7
Net loss attributable to noncontrolling
interests...................................................... — 0.1 1.4 1.2 1.6
Net income (loss) attributable to
GameStop Corp. ........................................ $ 354.2 $ (269.7) $ 339.9 $ 408.0 $ 377.3
Basic net income (loss) per common
share........................................................... $ 3.02 $ (2.13) $ 2.43 $ 2.69 $ 2.29
Diluted net income (loss) per common
share........................................................... $ 2.99 $ (2.13) $ 2.41 $ 2.65 $ 2.25
Dividends per common share .................... $ 1.10 $ 0.80 $ — $ — $ —
Weighted average common shares
outstanding —basic ................................... 117.2 126.4 139.9 151.6 164.5
Weighted average common shares
outstanding —diluted ................................ 118.4 126.4 141.0 154.0 167.9
Store Operating Data:
Number of stores by segment
United States ........................................... 4,249 4,425 4,503 4,536 4,429
Canada..................................................... 335 336 346 345 337
Australia .................................................. 418 416 411 405 388
Europe ..................................................... 1,455 1,425 1,423 1,384 1,296
Technology Brands.................................. 218 — — — —
Total......................................................... 6,675 6,602 6,683 6,670 6,450
Comparable store sales increase
(decrease)(3) .............................................. 3.8% (8.0)% (2.1)% 1.1% (7.9)%
Inventory turnover ..................................... 5.3 5.0 5.1 5.1 5.2
Balance Sheet Data:
Working capital.......................................... $ 223.6 $ 295.6 $ 363.4 $ 407.0 $ 471.6
Total assets(4)............................................ 4,091.4 3,872.2 4,608.2 4,807.5 4,758.4
Total debt, net............................................ 4.0 — — 249.0 447.3
Total liabilities(4) ...................................... 1,840.0 1,585.9 1,568.0 1,911.6 2,035.4
Total equity................................................ 2,251.4 2,286.3 3,040.2 2,895.9 2,723.0