GameStop 2014 Annual Report Download - page 101

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12. Commitments and Contingencies
Commitments
We had bank guarantees relating primarily to international store leases totaling $16.6 million as of January 31, 2015 and $18.7
million as of February 1, 2014.
See Note 11,"Leases," for information regardingcommitments related to our noncancelable operating leases.
Contingencies
In the ordinary course of our business, we are, from time to time, subject to various legal proceedings, including matters
involving wage and hour employee class actions and consumer class actions. We mayenter into discussions regarding settlement
of these and other types of lawsuits, and may enter into settlement agreements, if we believe settlement is in the best interest of
our stockholders. We do notbelieve that any such existing legal proceedings or settlements, individually or in the aggregate, will
have amaterial adverse effect on our financial condition,results of operations or liquidity.
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
F-24
13. Income Taxes
The provision for income taxesconsisted of thefollowing:
52 Weeks Ended
January 31, 2015
52 Weeks Ended
February 1, 2014
53 Weeks Ended
February 2, 2013
(In millions)
Current tax expense:
Federal ....................................................................................... $158.4 $158.2 $229.6
State ........................................................................................... 18.0 24.5 24.1
Foreign....................................................................................... 29.6 34.6 29.4
206.0217.3 283.1
Deferred tax expense (benefit):
Federal ....................................................................................... 29.3 (1.9)(46.3)
State ........................................................................................... (3.3) (0.1) (3.5)
Foreign....................................................................................... (16.8) (0.7) (8.4)
9.2(2.7) (58.2)
Total income tax expense............................................................. $215.2 $214.6 $224.9
The components of earnings (loss) before income tax expenseconsisted of thefollowing:
52 Weeks Ended
January 31, 2015
52 Weeks Ended
February 1, 2014
53 Weeks Ended
February 2, 2013
(In millions)
United States ............................................................................... $558.8 $491.6 $547.2
International ................................................................................ 49.5 77.2 (592.1)
Total............................................................................................. $608.3 $568.8 $(44.9)