GameStop 2013 Annual Report Download - page 78

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F-5
GAMESTOP CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
52 Weeks Ended
February 1, 2014
53 Weeks Ended
February 2, 2013
52 Weeks Ended
January 28, 2012
(In millions, except per share data)
Net sales ............................................................................................ $ 9,039.5 $ 8,886.7 $ 9,550.5
Cost of sales ...................................................................................... 6,378.4 6,235.2 6,871.0
Gross profit ..................................................................................... 2,661.1 2,651.5 2,679.5
Selling, general and administrative expenses ................................... 1,892.4 1,835.9 1,842.1
Depreciation and amortization .......................................................... 166.5 176.5 186.3
Goodwill impairments....................................................................... 10.2 627.0 —
Asset impairments and restructuring charges ................................... 18.5 53.7 81.2
Operating earnings (loss)................................................................ 573.5 (41.6) 569.9
Interest income.................................................................................. (0.9)(0.9)(0.9)
Interest expense................................................................................. 5.6 4.2 20.7
Debt extinguishment expense ........................................................... — — 1.0
Earnings (loss) before income tax expense .................................... 568.8 (44.9) 549.1
Income tax expense........................................................................... 214.6 224.9 210.6
Net income (loss) .............................................................................. 354.2 (269.8) 338.5
Net loss attributable to noncontrolling interests ............................... — 0.1 1.4
Net income (loss) attributable to GameStop Corp.......................... $ 354.2 $ (269.7) $ 339.9
Basic net income (loss) per common share attributable to
GameStop Corp................................................................................. $ 3.02 $ (2.13) $ 2.43
Diluted net income (loss) per common share attributable to
GameStop Corp................................................................................. $ 2.99 $ (2.13) $ 2.41
Weighted average shares of common stock outstanding — basic .... 117.2 126.4 139.9
Weighted average shares of common stock outstanding — diluted . 118.4 126.4 141.0
See accompanying notes to consolidated financial statements.