GameStop 2014 Annual Report Download - page 82

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GAMESTOP CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
52 Weeks Ended
January 31, 2015
52 Weeks Ended
February 1, 2014
53 Weeks Ended
February 2, 2013
(In millions, except per sharedata)
Net sales ............................................................................................ $9,296.0 $9,039.5 $8,886.7
Cost of sales ...................................................................................... 6,520.16,378.4 6,235.2
Gross profit ..................................................................................... 2,775.92,661.1 2,651.5
Selling, general and administrativeexpenses ................................... 2,001.01,892.4 1,835.9
Depreciation and amortization .......................................................... 154.4166.5 176.5
Goodwill impairments....................................................................... —10.2627.0
Asset impairments............................................................................. 2.218.553.7
Operating earnings (loss)................................................................ 618.3573.5 (41.6)
Interest income.................................................................................. (0.7) (0.9) (0.9)
Interest expense................................................................................. 10.7 5.64.2
Earnings (loss) before income tax expense .................................... 608.3568.8 (44.9)
Income tax expense........................................................................... 215.2214.6 224.9
Net income (loss) .............................................................................. 393.1354.2 (269.8)
Net loss attributable to noncontrolling interests ............................... ——0.1
Net income (loss) attributable to GameStop Corp.......................... $393.1 $354.2 $(269.7)
Basic net income (loss)per common share attributable to
GameStop Corp................................................................................. $3.50 $3.02 $(2.13)
Diluted net income (loss) per common share attributable to
GameStop Corp................................................................................. $3.47 $2.99 $(2.13)
Weighted average shares of common stock outstanding —basic .... 112.2117.2 126.4
Weighted average shares of common stock outstanding —diluted .113.2118.4 126.4
See accompanying notes to consolidated financial statements.
F-5