GameStop 2015 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2015 GameStop annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 109

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109

*UFN " 2VBOUJUBUJWF BOE 2VBMJUBUJWF %JTDMPTVSFT "CPVU .BSLFU 3JTL
8F BSF FYQPTFE UP NBSLFU SJTL EVF UP GPSFJHO DVSSFODZ BOE JOUFSFTU SBUF GMVDUVBUJPOT FBDI BT EFTDSJCFE NPSF GVMMZ CFMPX
'PSFJHO $VSSFODZ 3JTL
8F VTF GPSXBSE FYDIBOHF DPOUSBDUT GPSFJHO DVSSFODZ PQUJPOT BOE DSPTTDVSSFODZ TXBQT UPHFUIFS UIF bGPSFJHO DVSSFODZ
DPOUSBDUTc UP NBOBHF DVSSFODZ SJTL QSJNBSJMZ SFMBUFE UP JOUFSDPNQBOZ MPBOT EFOPNJOBUFE JO OPOGVODUJPOBM DVSSFODJFT BOE DFSUBJO
GPSFJHO DVSSFODZ BTTFUT BOE MJBCJMJUJFT 5IF GPSFJHO DVSSFODZ DPOUSBDUT BSF OPU EFTJHOBUFE BT IFEHFT BOE UIFSFGPSF DIBOHFT JO UIF
GBJS WBMVFT PG UIFTF EFSJWBUJWFT BSF SFDPHOJ[FE JO FBSOJOHT UIFSFCZ PGGTFUUJOH UIF DVSSFOU FBSOJOHT FGGFDU PG UIF SFNFBTVSFNFOU PG
SFMBUFE JOUFSDPNQBOZ MPBOT BOE GPSFJHO DVSSFODZ BTTFUT BOE MJBCJMJUJFT 'PS UIF GJTDBM ZFBS FOEFE +BOVBSZ   XF SFDPHOJ[FE
B  NJMMJPO MPTT JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT SFMBUFE UP EFSJWBUJWF JOTUSVNFOUT 5IF BHHSFHBUF GBJS WBMVF PG
UIF GPSFJHO DVSSFODZ DPOUSBDUT BT PG +BOVBSZ   XBT B OFU BTTFU PG  NJMMJPO BT NFBTVSFE CZ PCTFSWBCMF JOQVUT PCUBJOFE
GSPN NBSLFU OFXT SFQPSUJOH TFSWJDFT TVDI BT #MPPNCFSH BOE 5IF 8BMM 4USFFU +PVSOBM BOE JOEVTUSZTUBOEBSE NPEFMT UIBU DPOTJEFS
WBSJPVT BTTVNQUJPOT JODMVEJOH RVPUFE GPSXBSE QSJDFT UJNF WBMVF WPMBUJMJUZ GBDUPST BOE DPOUSBDUVBM QSJDFT GPS UIF VOEFSMZJOH
JOTUSVNFOUT BT XFMM BT PUIFS SFMFWBOU FDPOPNJD NFBTVSFT " IZQPUIFUJDBM TUSFOHUIFOJOH PS XFBLFOJOH PG  JO UIF GPSFJHO
FYDIBOHF SBUFT VOEFSMZJOH UIF GPSFJHO DVSSFODZ DPOUSBDUT GSPN UIF NBSLFU SBUF BT PG +BOVBSZ   XPVME SFTVMU JO B HBJO PS
MPTT JO WBMVF PG UIF GPSXBSET PQUJPOT BOE TXBQT PG  NJMMJPO
8F EP OPU VTF EFSJWBUJWF GJOBODJBM JOTUSVNFOUT GPS USBEJOH PS TQFDVMBUJWF QVSQPTFT 8F BSF FYQPTFE UP DPVOUFSQBSUZ DSFEJU SJTL
PO BMM PG PVS EFSJWBUJWF GJOBODJBM JOTUSVNFOUT BOE DBTI FRVJWBMFOU JOWFTUNFOUT 8F NBOBHF DPVOUFSQBSUZ SJTL BDDPSEJOH UP UIF
HVJEFMJOFT BOE DPOUSPMT FTUBCMJTIFE VOEFS DPNQSFIFOTJWF SJTL NBOBHFNFOU BOE JOWFTUNFOU QPMJDJFT 8F DPOUJOVPVTMZ NPOJUPS PVS
DPVOUFSQBSUZ DSFEJU SJTL BOE VUJMJ[F B OVNCFS PG EJGGFSFOU DPVOUFSQBSUJFT UP NJOJNJ[F PVS FYQPTVSF UP QPUFOUJBM EFGBVMUT 8F EP OPU
SFRVJSF DPMMBUFSBM VOEFS EFSJWBUJWF PS JOWFTUNFOU BHSFFNFOUT
*OUFSFTU 3BUF 3JTL
0VS 3FWPMWFSaT QFS BOOVN JOUFSFTU SBUF JT WBSJBCMF BOE JT CBTFE PO POF PG J UIF 64 QSJNF SBUF JJ UIF -*#0 SBUF PS JJJ UIF
64 GFEFSBM GVOET SBUF 0VS 4FOJPS /PUFT QFS BOOVN JOUFSFTU SBUF JT GJYFE 8F EP OPU VTF EFSJWBUJWF GJOBODJBM JOTUSVNFOUT UP IFEHF
JOUFSFTU SBUF FYQPTVSF 8F MJNJU PVS JOUFSFTU SBUF SJTLT CZ JOWFTUJOH PVS FYDFTT DBTI CBMBODFT JO TIPSUUFSN IJHIMZMJRVJE JOTUSVNFOUT
XJUI B NBUVSJUZ PG POF ZFBS PS MFTT 8F EP OPU FYQFDU BOZ NBUFSJBM MPTTFT GSPN PVS JOWFTUFE DBTI CBMBODFT"EEJUJPOBMMZ B IZQPUIFUJDBM
 BEWFSTF NPWFNFOU JO JOUFSFTU SBUFT XPVME OPU IBWF B NBUFSJBM JNQBDU PO PVS GJOBODJBM DPOEJUJPO SFTVMUT PG PQFSBUJPOT PS DBTI
GMPXT BOE XF UIFSFGPSF CFMJFWF UIBU XF EP OPU IBWF TJHOJGJDBOU JOUFSFTU SBUF FYQPTVSF

*UFN  'JOBODJBM 4UBUFNFOUT BOE 4VQQMFNFOUBSZ %BUB
4FF *UFN B BOE  PG UIJT 'PSN ,
*UFN  $IBOHFT JO BOE %JTBHSFFNFOUT XJUI "DDPVOUBOUT PO "DDPVOUJOH BOE 'JOBODJBM %JTDMPTVSF
/POF
*UFN " $POUSPMT BOE 1SPDFEVSFT
&WBMVBUJPO PG %JTDMPTVSF $POUSPMT BOE 1SPDFEVSFT
"T PG UIF FOE PG UIF QFSJPE DPWFSFE CZ UIJT SFQPSU PVS NBOBHFNFOU DPOEVDUFE BO FWBMVBUJPO VOEFS UIF TVQFSWJTJPO BOE XJUI
UIF QBSUJDJQBUJPO PG PVS QSJODJQBM FYFDVUJWF PGGJDFS BOE QSJODJQBM GJOBODJBM PGGJDFS PG PVS EJTDMPTVSF DPOUSPMT BOE QSPDFEVSFT BT
EFGJOFE JO 3VMFT BF BOE EF VOEFS UIF &YDIBOHF "DU BU UIF SFBTPOBCMF BTTVSBODF MFWFM #BTFE PO UIJT FWBMVBUJPO
PVS QSJODJQBM FYFDVUJWF PGGJDFS BOE QSJODJQBM GJOBODJBM PGGJDFS DPODMVEFE UIBU BT PG UIF FOE PG UIF QFSJPE DPWFSFE CZ UIJT SFQPSU
PVS EJTDMPTVSF DPOUSPMT BOE QSPDFEVSFT BSF EFTJHOFE UP QSPWJEF SFBTPOBCMF BTTVSBODF PG BDIJFWJOH UIFJS PCKFDUJWFT BOE UIBU PVS
EJTDMPTVSF DPOUSPMT BOE QSPDFEVSFT BSF FGGFDUJWF BU UIF SFBTPOBCMF BTTVSBODF MFWFM /PUXJUITUBOEJOH UIF GPSFHPJOH B DPOUSPM TZTUFN
OP NBUUFS IPX XFMM EFTJHOFE BOE PQFSBUFE DBO QSPWJEF POMZ SFBTPOBCMF OPU BCTPMVUF BTTVSBODF UIBU JU XJMM EFUFDU PS VODPWFS
GBJMVSFT UP EJTDMPTF NBUFSJBM JOGPSNBUJPO PUIFSXJTF SFRVJSFE UP CF TFU GPSUI JO PVS QFSJPEJD SFQPSUT
.BOBHFNFOU`T "OOVBM 3FQPSU PO *OUFSOBM $POUSPM 0WFS 'JOBODJBM 3FQPSUJOH
0VS NBOBHFNFOU JT SFTQPOTJCMF GPS FTUBCMJTIJOH BOE NBJOUBJOJOH BEFRVBUF JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH BT TVDI
UFSN JT EFGJOFE JO &YDIBOHF"DU 3VMFT BG BOE EG 6OEFS UIF TVQFSWJTJPO BOE XJUI UIF QBSUJDJQBUJPO PG PVS NBOBHFNFOU
JODMVEJOH PVS QSJODJQBM FYFDVUJWF PGGJDFS BOE QSJODJQBM GJOBODJBM PGGJDFS XF DPOEVDUFE BO FWBMVBUJPO PG UIF FGGFDUJWFOFTT PG PVS
JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH CBTFE PO UIF *OUFSOBM $POUSPM  *OUFHSBUFE 'SBNFXPSL  JTTVFE CZ UIF $PNNJUUFF