GameStop 2014 Annual Report Download - page 21

DisclosureRegarding Forward-looking Statements
This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). In some cases, forward-looking statements can be identified by the use of terms such as
“anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “pro
forma,” “seeks,” “should,” “will” or similar expressions. These statements are only predictions based on current expectations and
assumptions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual
results, levels of activity,performance or achievements to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by such forward-looking statements. All forward-looking statements included
in this Form 10-K are based upon information available to us as of the filing date of this Form 10-K, and we undertake no obligation
to update or revise any of these forward-looking statements for any reason, whether as aresult of new information, future events
or otherwise after the date of this Form 10-K, except as required by law.You shouldnot placeundue reliance on these forward-
looking statements. The forward-looking statements involve anumberofrisks and uncertainties. Although we believe that the
expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. Anumberoffactors could cause our actual results, performance, achievements or industry results
to be materially different from any future results, performance or achievements expressed or implied by these forward-looking
statements.Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form
10-K under the heading “Risk Factors,” which are incorporated herein by reference. Youshouldcarefully consider the risks and
uncertainties described in this Form 10-K.
PART I
2
Item 1. Business
General
GameStop Corp. (“GameStop,” “we,” “us,” “our,” or the “Company”) is aglobal family of specialty retail brands that makes
the most popular technologies affordable and simple. As the world’s largest multichannel video game retailer,wesellnew and
pre-owned video game hardware, physical and digital video game software, video game accessories, as well as new and pre-owned
mobileand consumer electronics products and other merchandise. As of January 31, 2015, GameStop's retail network and family
of brands include 6,690 company-operated stores in the United States, Australia, Canada and Europe, primarily under the names
GameStopTM (“GameStop”), EB GamesTM (“EB Games”), and Micromania. We also operate electronic commerce websites under
the names www.gamestop.com,www.ebgames.com.au,www.ebgames.co.nz,www.gamestop.ca,www.gamestop.it,
www.gamestop.ie,www.gamestop.de,www.gamestop.co.uk andwww.micromania.fr.The networkalso includes:
www.kongregate.com,aleading browser-based game site; Game InformerTM (“Game Informer”) magazine, the world's leading
print and digital video game publication; and iOS and Android mobile applications. We also operateSimply Mac©,aU.S. based,
certifiedApple©(“Apple”)productsreseller and Spring Mobile©,anauthorizedAT&T®(“AT&T”) reseller operatingAT&Tbranded
wireless retail stores and pre-paid wireless stores under the name Cricket WirelessTM (“Cricket Wireless,” an AT &T brand) in the
United States.
We are aDelaware corporation which, through apredecessor,began operations in November 1996. Our corporate office is
located in Grapevine, Texas.
Developments Since February 1, 2014
Strategic Activities
The following key strategic activities had an impact on our operations during the 52 weeks ended January 31, 2015 (“fiscal
2014”):
Issuance of 5.50% Senior Notes due 2019. In September 2014, we issued $350.0 million aggregate principal amount of
unsecured 5.50% senior notes due October 1, 2019 (the "Senior Notes"). The Senior Notes bear interest at the rate of 5.50% per
annum with interest payable semi-annually in arrears on April 1and October 1ofeach year beginning on April 1, 2015. The Senior
Notes were sold in aprivate placementand will not be registered under the U.S. Securities Act of 1933. The net proceeds from
the offering were used to pay down the remaining outstanding balance of our revolving credit facility and will be used for general
corporate purposes, which may include acquisitions, dividends and stock buybacks.