GameStop 2015 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 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

XJSFMFTT TFSWJDFT DPOUSBDUT UIBU HJWF SJTF UP UIJT DPNNJTTJPO SFWFOVF UIFSFGPSF DPNNJTTJPO SFWFOVF JT SFDPHOJ[FE BU UIF QPJOU BU
XIJDI UIF DPNNJTTJPOHFOFSBUJOH BDUJWJUZ IBT CFFO QFSGPSNFE XIJDI JT HFOFSBMMZ ESJWFO CZ DVTUPNFS BDUJWBUJPO $PNNJTTJPOT
BSF SFDPHOJ[FE OFU PG BO BMMPXBODF GPS DIBSHFCBDLT GSPN"55 GPS FTUJNBUFE DVTUPNFS DBODFMMBUJPOT XIJDI JT QFSJPEJDBMMZ BTTFTTFE
BOE BEKVTUFE UP SFGMFDU IJTUPSJDBM DBODFMMBUJPO FYQFSJFODF
3FWFOVFT EP OPU JODMVEF TBMFT UBYFT PS PUIFS UBYFT DPMMFDUFE GSPN DVTUPNFST
$PTU PG 4BMFT BOE 4FMMJOH (FOFSBM BOE "ENJOJTUSBUJWF &YQFOTFT $MBTTJGJDBUJPO
5IF DMBTTJGJDBUJPO PG DPTU PG TBMFT BOE TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT WBSJFT BDSPTT UIF SFUBJM JOEVTUSZ 8F JODMVEF
QVSDIBTJOH SFDFJWJOH BOE EJTUSJCVUJPO DPTUT JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT JO UIF DPOTPMJEBUFE TUBUFNFOUT PG
PQFSBUJPOT 'PS UIF  XFFLT FOEFE +BOVBSZ   UIF  XFFLT FOEFE +BOVBSZ   BOE UIF  XFFLT FOEFE 'FCSVBSZ 
 UIFTF QVSDIBTJOH SFDFJWJOH BOE EJTUSJCVUJPO DPTUT BNPVOUFE UP  NJMMJPO  NJMMJPO BOE  NJMMJPO SFTQFDUJWFMZ
8F JODMVEF QSPDFTTJOH GFFT BTTPDJBUFE XJUI QVSDIBTFT NBEF CZ DIFDL BOE DSFEJU DBSET JO DPTU PG TBMFT JO UIF DPOTPMJEBUFE
TUBUFNFOUT PG PQFSBUJPOT 'PS UIF  XFFLT FOEFE +BOVBSZ   UIF  XFFLT FOEFE +BOVBSZ   BOE UIF  XFFLT FOEFE
'FCSVBSZ   UIFTF QSPDFTTJOH GFFT BNPVOUFE UP  NJMMJPO  NJMMJPO BOE  NJMMJPO SFTQFDUJWFMZ
$VTUPNFS -JBCJMJUJFT
8F FTUBCMJTI B MJBCJMJUZ VQPO UIF JTTVBODF PG NFSDIBOEJTF DSFEJUT BOE UIF TBMF PG HJGU DBSET 3FWFOVF JT TVCTFRVFOUMZ SFDPHOJ[FE
XIFO UIF DSFEJUT BOE HJGU DBSET BSF SFEFFNFE *O BEEJUJPO CSFBLBHF JT SFDPHOJ[FE RVBSUFSMZ PO VOVTFE DVTUPNFS MJBCJMJUJFT PMEFS
UIBO UXP ZFBST UP UIF FYUFOU UIBU PVS NBOBHFNFOU CFMJFWFT UIF MJLFMJIPPE PG SFEFNQUJPO CZ UIF DVTUPNFS JT SFNPUF CBTFE PO
IJTUPSJDBM SFEFNQUJPO QBUUFSOT 5P UIF FYUFOU UIBU GVUVSF SFEFNQUJPO QBUUFSOT EJGGFS GSPN UIPTF IJTUPSJDBMMZ FYQFSJFODFE UIFSF XJMM
CF WBSJBUJPOT JO UIF SFDPSEFE CSFBLBHF #SFBLBHF JT SFDPSEFE JO DPTU PG TBMFT JO PVS DPOTPMJEBUFE TUBUFNFOUT PG PQFSBUJPOT
"EWFSUJTJOH &YQFOTFT
8F FYQFOTF BEWFSUJTJOH DPTUT GPS UFMFWJTJPO OFXTQBQFST BOE PUIFS NFEJB XIFO UIF BEWFSUJTJOH UBLFT QMBDF"EWFSUJTJOH FYQFOTFT
GPS UIF  XFFLT FOEFE +BOVBSZ   UIF  XFFLT FOEFE +BOVBSZ   BOE UIF  XFFLT FOEFE 'FCSVBSZ   XFSF
 NJMMJPO  NJMMJPO BOE  NJMMJPO SFTQFDUJWFMZ
-PZBMUZ &YQFOTFT
0VS 1PXFS6Q 3FXBSET MPZBMUZ QSPHSBN BMMPXT FOSPMMFE NFNCFST UP FBSO QPJOUT PO QVSDIBTFT UIBU DBO CF SFEFFNFE GPS SFXBSET
UIBU JODMVEF EJTDPVOUT PS NFSDIBOEJTF 8F FTUJNBUF UIF OFU DPTU PG UIF SFXBSET UIBU XJMM CF JTTVFE BOE SFEFFNFE BOE SFDPSE UIJT
DPTU BOE UIF BTTPDJBUFE CBMBODF TIFFU MJBCJMJUZ BT QPJOUT BSF BDDVNVMBUFE CZ MPZBMUZ QSPHSBN NFNCFST 5IF UXP QSJNBSZ FTUJNBUFT
VUJMJ[FE UP SFDPSE UIF CBMBODF TIFFU MJBCJMJUZ GPS MPZBMUZ QPJOUT FBSOFE CZ NFNCFST BSF UIF FTUJNBUFE SFEFNQUJPO SBUF BOE UIF FTUJNBUFE
XFJHIUFEBWFSBHF DPTU QFS QPJOU SFEFFNFE 0VS NBOBHFNFOU VTFT IJTUPSJDBM SFEFNQUJPO SBUFT FYQFSJFODFE VOEFS UIF MPZBMUZ QSPHSBN
BT B CBTJT UP FTUJNBUF UIF VMUJNBUF SFEFNQUJPO SBUF PG QPJOUT FBSOFE " XFJHIUFEBWFSBHF DPTU QFS QPJOU SFEFFNFE JT VTFE UP FTUJNBUF
GVUVSF SFEFNQUJPO DPTUT 5IF XFJHIUFEBWFSBHF DPTU QFS QPJOU SFEFFNFE JT CBTFE PO PVS NPTU SFDFOU BDUVBM DPTUT JODVSSFE UP GVMGJMM
QPJOUT UIBU IBWF CFFO SFEFFNFE CZ PVS MPZBMUZ QSPHSBN NFNCFST BOE JT BEKVTUFE BT BQQSPQSJBUF GPS SFDFOU DIBOHFT JO SFEFNQUJPO
DPTUT JODMVEJOH UIF NJY PG SFXBSET SFEFFNFE 8F DPOUJOVBMMZ FWBMVBUF PVS NFUIPEPMPHZ BOE BTTVNQUJPOT CBTFE PO EFWFMPQNFOUT
JO SFEFNQUJPO QBUUFSOT DPTU QFS QPJOU SFEFFNFE BOE PUIFS GBDUPST $IBOHFT JO UIF VMUJNBUF SFEFNQUJPO SBUF BOE XFJHIUFEBWFSBHF
DPTU QFS QPJOU SFEFFNFE IBWF UIF FGGFDU PG FJUIFS JODSFBTJOH PS EFDSFBTJOH UIF MJBCJMJUZ UISPVHI UIF DVSSFOU QFSJPE QSPWJTJPO CZ BO
BNPVOU FTUJNBUFE UP DPWFS UIF DPTU PG BMM QPJOUT QSFWJPVTMZ FBSOFE CVU OPU ZFU SFEFFNFE CZ MPZBMUZ QSPHSBN NFNCFST BT PG UIF FOE
PG UIF SFQPSUJOH QFSJPE
5IF DPTU PG GSFF PS EJTDPVOUFE QSPEVDU JT SFDPHOJ[FE JO DPTU PG TBMFT BOE UIF BTTPDJBUFE MJBCJMJUZ JT JODMVEFE JO BDDSVFE MJBCJMJUJFT
5IF SFTFSWF JT SFMFBTFE XIFO MPZBMUZ QSPHSBN NFNCFST SFEFFN UIFJS SFTQFDUJWF QPJOUT BOE UIF DPSSFTQPOEJOH SFXBSET BSF SFDPSEFE
UP DPTU PG HPPET TPME JO UIF QFSJPE PG SFEFNQUJPO 5IF DPTU PG BENJOJTUFSJOH UIF MPZBMUZ QSPHSBN JODMVEJOH QSPHSBN BENJOJTUSBUJPO
GFFT QSPHSBN DPNNVOJDBUJPOT BOE DPTU PG MPZBMUZ DBSET JT SFDPHOJ[FE JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT
*ODPNF 5BYFT
*ODPNF UBY FYQFOTF JODMVEFT GFEFSBM TUBUF MPDBM BOE JOUFSOBUJPOBM JODPNF UBYFT *ODPNF UBYFT BSF BDDPVOUFE GPS VUJMJ[JOH BO
BTTFU BOE MJBCJMJUZ BQQSPBDI BOE EFGFSSFE UBY BTTFUT BOE MJBCJMJUJFT BSF SFDPHOJ[FE GPS UIF UBY DPOTFRVFODFT PG UFNQPSBSZ EJGGFSFODFT
CFUXFFO UIF GJOBODJBM SFQPSUJOH CBTJT BOE UIF UBY CBTJT PG FYJTUJOH BTTFUT BOE MJBCJMJUJFT VTJOH FOBDUFE UBY SBUFT %FGFSSFE UBY BTTFUT
BOE MJBCJMJUJFT BSF NFBTVSFE VTJOH UIF FOBDUFE UBY SBUFT FYQFDUFE UP BQQMZ UP UBYBCMF JODPNF JO UIF ZFBST JO XIJDI UIPTF UFNQPSBSZ
EJGGFSFODFT BSF FYQFDUFE UP CF SFDPWFSFE PS TFUUMFE 5IF FGGFDU PO EFGFSSFE UBY BTTFUT BOE MJBCJMJUJFT PG B DIBOHF JO UBY SBUFT JT
SFDPHOJ[FE JO UIF QFSJPE UIBU JODMVEFT UIF FOBDUNFOU EBUF 7BMVBUJPO BMMPXBODFT BSF SFDPSEFE UP SFEVDF EFGFSSFE UBY BTTFUT UP UIF
(".&4501 $031
/05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54
'