GameStop 2014 Annual Report Download - page 85

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GAMESTOP CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
52 Weeks Ended
January 31,
2015
52 Weeks Ended
February 1,
2014
53 Weeks Ended
February 2,
2013
(In millions)
Cash flows from operating activities:
Net income (loss)........................................................................................... $393.1 $354.2 $(269.8)
Adjustments to reconcile net income (loss) to net cash flows provided by
operating activities:
Depreciation and amortization (including amounts in cost of sales)........ 156.5169.2 178.9
Impairments of goodwill and other long-lived assets............................... 2.228.7680.7
Stock-based compensation expense.......................................................... 21.5 19.4 19.6
Deferred income taxes .............................................................................. 9.2(2.7) (58.2)
Excess tax benefits related to stock-based awards ................................... (5.7) (12.4) (1.3)
Loss on disposalofproperty andequipment ............................................ 4.77.1 13.0
Other ......................................................................................................... (16.1) 40.0 44.3
Changes in operating assets andliabilities:
Receivables, net ................................................................................... (44.3) (1.4) (8.1)
Merchandise inventories ...................................................................... (24.8) (86.9) (63.8)
Prepaid expenses and other current assets ........................................... (1.7) (9.7) 27.8
Prepaid income taxes and income taxespayable ................................. (82.3) (19.8) 25.9
Accounts payable and accrued liabilities............................................. 59.4 302.4 25.9
Changes in otherlong-term liabilities ...................................................... 8.8(25.4)(4.7)
Net cash flows provided by operating activities ........................................... 480.5762.7 610.2
Cash flows from investing activities:
Purchase of property and equipment ............................................................. (159.6) (125.6) (139.6)
Acquisitions, net of cash acquired of $3.6, $1.8 and $—,respectively ....... (89.7) (77.4) (1.5)
Proceeds from divestiture .............................................................................. 12.4 ——
Other .............................................................................................................. 1.0(4.5) (11.6)
Net cash flows usedininvesting activities.................................................... (235.9) (207.5) (152.7)
Cash flows from financing activities:
Repayment of acquisition-related debt.......................................................... —(31.8) —
Repurchase of common shares ...................................................................... (331.1) (258.3) (409.4)
Dividends paid............................................................................................... (148.8) (130.9) (102.0)
Proceeds from senior notes............................................................................ 350.0——
Borrowings from therevolver ....................................................................... 626.0130.0 81.0
Repayments of revolver borrowings ............................................................. (626.0) (130.0) (81.0)
Payments of financing costs .......................................................................... (7.7) ——
Issuance of common stock, net of share repurchases for withholdings
taxes............................................................................................................... 0.758.011.6
Excess tax benefitsrelated to stock-based awards ........................................ 5.712.41.3
Net cash flows usedinfinancing activities ................................................... (131.2) (350.6) (498.5)
Exchange rate effect on cash and cash equivalents ....................................... (39.5) (42.8) (0.4)
Increase (decrease)incash and cash equivalents .......................................... 73.9 161.8 (41.4)
Cash and cash equivalents at beginning of period ........................................... 536.2374.4 415.8
Cash and cash equivalents at end of period ..................................................... $610.1 $536.2 $374.4
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid...................................................................................................... $2.7 $2.7 $2.7
Income taxes paid ............................................................................................ $265.9 $238.0 $246.1
See accompanying notes to consolidated financial statements.
F-8