GameStop 2013 Annual Report Download - page 81

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F-8
GAMESTOP CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
52 Weeks Ended
February 1, 2014
53 Weeks Ended
February 2, 2013
52 Weeks Ended
January 28, 2012
(In millions)
Cash flows from operating activities:
Net income (loss) ........................................................................... $ 354.2 $ (269.8) $ 338.5
Adjustments to reconcile net income (loss) to net cash flows
provided by operating activities:
Depreciation and amortization (including amounts in cost of
sales).......................................................................................... 169.2 178.9 188.6
Provision for inventory reserves ............................................... 40.6 43.1 31.3
Goodwill impairments, asset impairments and restructuring
charges....................................................................................... 28.7 680.7 81.2
Stock-based compensation expense .......................................... 19.4 19.6 18.8
Deferred income taxes .............................................................. (2.7)(58.2)(25.2)
Excess tax benefits related to stock-based awards.................... (12.4)(1.3)(1.4)
Loss on disposal of property and equipment ............................ 7.1 13.0 10.9
Other.......................................................................................... (0.6) 1.2 3.1
Changes in operating assets and liabilities:
Receivables, net.................................................................... (1.4)(8.1) 1.0
Merchandise inventories ...................................................... (86.9)(63.8) 64.3
Prepaid expenses and other current assets............................ (9.7) 27.8 (3.3)
Prepaid income taxes and income taxes payable ................. (19.8) 25.9 17.6
Accounts payable and accrued liabilities ............................. 302.4 25.9 (87.4)
Changes in Other long-term liabilities...................................... (25.4)(4.7) 3.8
Net cash flows provided by operating activities ........................... 762.7 610.2 641.8
Cash flows from investing activities:
Purchase of property and equipment.............................................. (125.6)(139.6)(165.1)
Acquisitions, net of cash acquired ................................................. (77.4)(1.5)(30.1)
Other .............................................................................................. (4.5)(11.6)(6.4)
Net cash flows used in investing activities .................................... (207.5)(152.7)(201.6)
Cash flows from financing activities:
Repayment of acquisition-related debt .......................................... (31.8)— —
Repurchase of notes payable.......................................................... — — (250.0)
Repurchase of common shares....................................................... (258.3)(409.4)(262.1)
Dividends paid ............................................................................... (130.9)(102.0)—
Borrowings from the revolver........................................................ 130.0 81.0 35.0
Repayments of revolver borrowings.............................................. (130.0)(81.0)(35.0)
Exercise of stock options, net of share repurchases for
withholdings taxes ......................................................................... 58.0 11.6 18.1
Excess tax benefits related to stock-based awards......................... 12.4 1.3 1.4
Net cash flows used in financing activities.................................... (350.6)(498.5)(492.6)
Exchange rate effect on cash and cash equivalents........................ (42.8)(0.4) 13.7
Increase (decrease) in cash and cash equivalents .......................... 161.8 (41.4)(38.7)
Cash and cash equivalents at beginning of period ........................... 374.4 415.8 454.5
Cash and cash equivalents at end of period...................................... $ 536.2 $ 374.4 $ 415.8
See accompanying notes to consolidated financial statements.