GameStop 2015 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 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

3&1035 0' */%&1&/%&/5 3&(*45&3&% 16#-*$ "$$06/5*/( '*3.
5P UIF #PBSE PG %JSFDUPST BOE 4UPDLIPMEFST PG
(BNF4UPQ $PSQ
(SBQFWJOF 5FYBT
8F IBWF BVEJUFE UIF JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH PG (BNF4UPQ $PSQ BOE TVCTJEJBSJFT UIF $PNQBOZ BT PG +BOVBSZ
  CBTFE PO DSJUFSJB FTUBCMJTIFE JO *OUFSOBM $POUSPM  *OUFHSBUFE 'SBNFXPSL  JTTVFE CZ UIF $PNNJUUFF PG 4QPOTPSJOH
0SHBOJ[BUJPOT PG UIF 5SFBEXBZ $PNNJTTJPO 5IF $PNQBOZT NBOBHFNFOU JT SFTQPOTJCMF GPS NBJOUBJOJOH FGGFDUJWF JOUFSOBM DPOUSPM
PWFS GJOBODJBM SFQPSUJOH BOE GPS JUT BTTFTTNFOU PG UIF FGGFDUJWFOFTT PG JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH JODMVEFE JO UIF
BDDPNQBOZJOH .BOBHFNFOUaT "OOVBM 3FQPSU PO *OUFSOBM $POUSPM 0WFS 'JOBODJBM 3FQPSUJOH 0VS SFTQPOTJCJMJUZ JT UP FYQSFTT BO
PQJOJPO PO UIF $PNQBOZT JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH CBTFE PO PVS BVEJU
8F DPOEVDUFE PVS BVEJU JO BDDPSEBODF XJUI UIF TUBOEBSET PG UIF 1VCMJD $PNQBOZ "DDPVOUJOH 0WFSTJHIU #PBSE 6OJUFE 4UBUFT
5IPTF TUBOEBSET SFRVJSF UIBU XF QMBO BOE QFSGPSN UIF BVEJU UP PCUBJO SFBTPOBCMF BTTVSBODF BCPVU XIFUIFS FGGFDUJWF JOUFSOBM DPOUSPM
PWFS GJOBODJBM SFQPSUJOH XBT NBJOUBJOFE JO BMM NBUFSJBM SFTQFDUT 0VS BVEJU JODMVEFE PCUBJOJOH BO VOEFSTUBOEJOH PG JOUFSOBM DPOUSPM
PWFS GJOBODJBM SFQPSUJOH BTTFTTJOH UIF SJTL UIBU B NBUFSJBM XFBLOFTT FYJTUT UFTUJOH BOE FWBMVBUJOH UIF EFTJHO BOE PQFSBUJOH
FGGFDUJWFOFTT PG JOUFSOBM DPOUSPM CBTFE PO UIF BTTFTTFE SJTL BOE QFSGPSNJOH TVDI PUIFS QSPDFEVSFT BT XF DPOTJEFSFE OFDFTTBSZ JO
UIF DJSDVNTUBODFT 8F CFMJFWF UIBU PVS BVEJU QSPWJEFT B SFBTPOBCMF CBTJT GPS PVS PQJOJPO
" DPNQBOZT JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH JT B QSPDFTT EFTJHOFE CZ PS VOEFS UIF TVQFSWJTJPO PG UIF DPNQBOZT QSJODJQBM
FYFDVUJWF BOE QSJODJQBM GJOBODJBM PGGJDFST PS QFSTPOT QFSGPSNJOH TJNJMBS GVODUJPOT BOE FGGFDUFE CZ UIF DPNQBOZT CPBSE PG EJSFDUPST
NBOBHFNFOU BOE PUIFS QFSTPOOFM UP QSPWJEF SFBTPOBCMF BTTVSBODF SFHBSEJOH UIF SFMJBCJMJUZ PG GJOBODJBM SFQPSUJOH BOE UIF QSFQBSBUJPO
PG GJOBODJBM TUBUFNFOUT GPS FYUFSOBM QVSQPTFT JO BDDPSEBODF XJUI HFOFSBMMZ BDDFQUFE BDDPVOUJOH QSJODJQMFT " DPNQBOZT JOUFSOBM
DPOUSPM PWFS GJOBODJBM SFQPSUJOH JODMVEFT UIPTF QPMJDJFT BOE QSPDFEVSFT UIBU  QFSUBJO UP UIF NBJOUFOBODF PG SFDPSET UIBU JO
SFBTPOBCMF EFUBJM BDDVSBUFMZ BOE GBJSMZ SFGMFDU UIF USBOTBDUJPOT BOE EJTQPTJUJPOT PG UIF BTTFUT PG UIF DPNQBOZ  QSPWJEF SFBTPOBCMF
BTTVSBODF UIBU USBOTBDUJPOT BSF SFDPSEFE BT OFDFTTBSZ UP QFSNJU QSFQBSBUJPO PG GJOBODJBM TUBUFNFOUT JO BDDPSEBODF XJUI HFOFSBMMZ
BDDFQUFE BDDPVOUJOH QSJODJQMFT BOE UIBU SFDFJQUT BOE FYQFOEJUVSFT PG UIF DPNQBOZ BSF CFJOH NBEF POMZ JO BDDPSEBODF XJUI
BVUIPSJ[BUJPOT PG NBOBHFNFOU BOE EJSFDUPST PG UIF DPNQBOZ BOE  QSPWJEF SFBTPOBCMF BTTVSBODF SFHBSEJOH QSFWFOUJPO PS UJNFMZ
EFUFDUJPO PG VOBVUIPSJ[FE BDRVJTJUJPO VTF PS EJTQPTJUJPO PG UIF DPNQBOZT BTTFUT UIBU DPVME IBWF B NBUFSJBM FGGFDU PO UIF GJOBODJBM
TUBUFNFOUT
#FDBVTF PG UIF JOIFSFOU MJNJUBUJPOT PG JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH JODMVEJOH UIF QPTTJCJMJUZ PG DPMMVTJPO PS JNQSPQFS
NBOBHFNFOU PWFSSJEF PG DPOUSPMT NBUFSJBM NJTTUBUFNFOUT EVF UP FSSPS PS GSBVE NBZ OPU CF QSFWFOUFE PS EFUFDUFE PO B UJNFMZ CBTJT
"MTP QSPKFDUJPOT PG BOZ FWBMVBUJPO PG UIF FGGFDUJWFOFTT PG UIF JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH UP GVUVSF QFSJPET BSF TVCKFDU
UP UIF SJTL UIBU UIF DPOUSPMT NBZ CFDPNF JOBEFRVBUF CFDBVTF PG DIBOHFT JO DPOEJUJPOT PS UIBU UIF EFHSFF PG DPNQMJBODF XJUI UIF
QPMJDJFT PS QSPDFEVSFT NBZ EFUFSJPSBUF
*O PVS PQJOJPO UIF $PNQBOZ NBJOUBJOFE JO BMM NBUFSJBM SFTQFDUT FGGFDUJWF JOUFSOBM DPOUSPM PWFS GJOBODJBM SFQPSUJOH BT PG +BOVBSZ
  CBTFE PO UIF DSJUFSJB FTUBCMJTIFE JO *OUFSOBM $POUSPM  *OUFHSBUFE 'SBNFXPSL  JTTVFE CZ UIF $PNNJUUFF PG 4QPOTPSJOH
0SHBOJ[BUJPOT PG UIF 5SFBEXBZ $PNNJTTJPO
8F IBWF BMTP BVEJUFE JO BDDPSEBODF XJUI UIF TUBOEBSET PG UIF 1VCMJD $PNQBOZ "DDPVOUJOH 0WFSTJHIU #PBSE 6OJUFE 4UBUFT UIF
DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT BOE GJOBODJBM TUBUFNFOU TDIFEVMF BT PG BOE GPS UIF  XFFL QFSJPE FOEFE +BOVBSZ   PG
UIF $PNQBOZ BOE PVS SFQPSU EBUFE .BSDI   FYQSFTTFE BO VORVBMJGJFE PQJOJPO PO UIPTF DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT
BOE GJOBODJBM TUBUFNFOU TDIFEVMF BOE JODMVEFT BO FYQMBOBUPSZ QBSBHSBQI SFMBUJOH UP B DIBOHF JO UIF NFUIPE PG BDDPVOUJOH GPS UIF
DMBTTJGJDBUJPO PG EFGFSSFE UBY BTTFUT BOE MJBCJMJUJFT BT PG +BOVBSZ   EVF UP UIF BEPQUJPO PG "DDPVOUJOH 4UBOEBSET 6QEBUF
"46  #BMBODF 4IFFU $MBTTJGJDBUJPO PG %FGFSSFE 5BYFT
T %&-0*55& 506$)& --1
%&-0*55&  506$)& --1
%BMMBT 5FYBT
.BSDI  
