GameStop 2015 Annual Report Download - page 81

BNPVOU UIBU XJMM NPSF MJLFMZ UIBO OPU CF SFBMJ[FE *O BDDPSEBODF XJUI (""1 XF NBJOUBJO MJBCJMJUJFT GPS VODFSUBJO UBY QPTJUJPOT
VOUJM FYBNJOBUJPO PG UIF UBY ZFBS JT DPNQMFUFE CZ UIF BQQMJDBCMF UBYJOH BVUIPSJUZ BWBJMBCMF SFWJFX QFSJPET FYQJSF PS BEEJUJPOBM
GBDUT BOE DJSDVNTUBODFT DBVTF VT UP DIBOHF PVS BTTFTTNFOU PG UIF BQQSPQSJBUF BDDSVBM BNPVOU 4FF /PUF  *ODPNF 5BYFT GPS
BEEJUJPOBM JOGPSNBUJPO
8F QMBO PO QFSNBOFOUMZ SFJOWFTUJOH PVS VOEJTUSJCVUFE GPSFJHO FBSOJOHT PVUTJEF UIF 6OJUFE 4UBUFT 8IFSF GPSFJHO FBSOJOHT BSF
QFSNBOFOUMZ SFJOWFTUFE OP QSPWJTJPO GPS GFEFSBM JODPNF PS GPSFJHO XJUIIPMEJOH UBYFT JT NBEF 4IPVME XF IBWF VOEJTUSJCVUFE
GPSFJHO FBSOJOHT UIBU BSF OPU QFSNBOFOUMZ SFJOWFTUFE 6OJUFE 4UBUFT JODPNF UBY FYQFOTF BOE GPSFJHO XJUIIPMEJOH UBYFT XJMM CF
QSPWJEFE GPS BU UIF UJNF UIF FBSOJOHT BSF HFOFSBUFE
-FBTF "DDPVOUJOH
8F MFBTF SFUBJM TUPSFT XBSFIPVTF GBDJMJUJFT PGGJDF TQBDF BOE FRVJQNFOU 5IFTF BTTFUT BOE QSPQFSUJFT BSF HFOFSBMMZ MFBTFE
VOEFS OPODBODFMBCMF BHSFFNFOUT UIBU FYQJSF BU WBSJPVT EBUFT UISPVHI  XJUI WBSJPVT SFOFXBM PQUJPOT GPS BEEJUJPOBM QFSJPET
5IF BHSFFNFOUT XIJDI IBWF CFFO DMBTTJGJFE BT PQFSBUJOH MFBTFT HFOFSBMMZ QSPWJEF GPS NJOJNVN BOE JO TPNF DBTFT QFSDFOUBHF
SFOUBMT BOE SFRVJSF VT UP QBZ BMM JOTVSBODF UBYFT BOE PUIFS NBJOUFOBODF DPTUT -FBTFT XJUI TUFQ SFOU QSPWJTJPOT FTDBMBUJPO DMBVTFT
PS PUIFS MFBTF DPODFTTJPOT BSF BDDPVOUFE GPS PO B TUSBJHIUMJOF CBTJT PWFS UIF MFBTF UFSN XIJDI JODMVEFT SFOFXBM PQUJPO QFSJPET
XIFO XF BSF SFBTPOBCMZ BTTVSFE PG FYFSDJTJOH UIF SFOFXBM PQUJPOT BOE JODMVEFT bSFOU IPMJEBZTc QFSJPET JO XIJDI XF BSF OPU
PCMJHBUFE UP QBZ SFOU $BTI PS MFBTF JODFOUJWFT SFDFJWFE VQPO FOUFSJOH JOUP DFSUBJO TUPSF MFBTFT bUFOBOU JNQSPWFNFOU BMMPXBODFTc
BSF SFDPHOJ[FE PO B TUSBJHIUMJOF CBTJT BT B SFEVDUJPO UP SFOU FYQFOTF PWFS UIF MFBTF UFSN XIJDI JODMVEFT SFOFXBM PQUJPO QFSJPET
XIFO XF BSF SFBTPOBCMZ BTTVSFE PG FYFSDJTJOH UIF SFOFXBM PQUJPOT 8F SFDPSE UIF VOBNPSUJ[FE QPSUJPO PG UFOBOU JNQSPWFNFOU
BMMPXBODFT BT B QBSU PG EFGFSSFE SFOU 8F EP OPU IBWF MFBTFT XJUI DBQJUBM JNQSPWFNFOU GVOEJOH 1FSDFOUBHF SFOUBMT BSF CBTFE PO
TBMFT QFSGPSNBODF JO FYDFTT PG TQFDJGJFE NJOJNVNT BU WBSJPVT TUPSFT BOE BSF BDDPVOUFE GPS JO UIF QFSJPE JO XIJDI UIF BNPVOU PG
QFSDFOUBHF SFOUBMT DBO CF BDDVSBUFMZ FTUJNBUFE
'PSFJHO $VSSFODZ 5SBOTMBUJPO
(FOFSBMMZ XF IBWF EFUFSNJOFE UIBU UIF GVODUJPOBM DVSSFODJFT PG PVS GPSFJHO TVCTJEJBSJFT BSF UIF TVCTJEJBSJFTa MPDBM DVSSFODJFT
5IF BTTFUT BOE MJBCJMJUJFT PG UIF TVCTJEJBSJFT BSF USBOTMBUFE BU UIF BQQMJDBCMF FYDIBOHF SBUF BT PG UIF FOE PG UIF CBMBODF TIFFU EBUF
BOE SFWFOVF BOE FYQFOTFT BSF USBOTMBUFE BU BO BWFSBHF SBUF PWFS UIF QFSJPE $VSSFODZ USBOTMBUJPO BEKVTUNFOUT BSF SFDPSEFE BT B
DPNQPOFOU PG PUIFS DPNQSFIFOTJWF JODPNF 5SBOTBDUJPO BOE EFSJWBUJWF OFU HBJOT BSF JODMVEFE JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF
FYQFOTFT BOE XFSF  NJMMJPO  NJMMJPO BOE  NJMMJPO GPS UIF  XFFLT FOEFE +BOVBSZ   UIF  XFFLT FOEFE
+BOVBSZ   BOE UIF  XFFLT FOEFE 'FCSVBSZ   SFTQFDUJWFMZ 5IF GPSFJHO DVSSFODZ USBOTBDUJPO HBJOT BOE MPTTFT BSF
QSJNBSJMZ EVF UP UIF EFDSFBTF PS JODSFBTF JO UIF WBMVF PG UIF 64 EPMMBS DPNQBSFE UP UIF GVODUJPOBM DVSSFODJFT PG UIF DPVOUSJFT JO
XIJDI XF PQFSBUF JOUFSOBUJPOBMMZ
8F VTF GPSXBSE FYDIBOHF DPOUSBDUT GPSFJHO DVSSFODZ PQUJPOT BOE DSPTTDVSSFODZ TXBQT UPHFUIFS UIF bGPSFJHO DVSSFODZ
DPOUSBDUTc UP NBOBHF DVSSFODZ SJTL QSJNBSJMZ SFMBUFE UP GPSFJHODVSSFODZ EFOPNJOBUFE JOUFSDPNQBOZ BTTFUT BOE MJBCJMJUJFT BOE
DFSUBJO PUIFS GPSFJHO DVSSFODZ BTTFUT BOE MJBCJMJUJFT 5IFTF 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 4FF /PUF  'BJS 7BMVF .FBTVSFNFOUT BOE
'JOBODJBM *OTUSVNFOUT GPS BEEJUJPOBM JOGPSNBUJPO SFHBSEJOH PVS GPSFJHO DVSSFODZ DPOUSBDUT
/FX "DDPVOUJOH 1SPOPVODFNFOUT
*O .BSDI  UIF 'JOBODJBM "DDPVOUJOH 4UBOEBSET #PBSE '"4# JTTVFE "DDPVOUJOH 4UBOEBSET 6QEBUF "46 /P
 3FWFOVF GSPN $POUSBDUT XJUI $VTUPNFST 5IF TUBOEBSE BEESFTTFT UIF JNQMFNFOUBUJPO HVJEBODF PO QSJODJQBM WFSTVT BHFOU
DPOTJEFSBUJPOT JO UIF OFX SFWFOVF SFDPHOJUJPO TUBOEBSE 5IF "46 DMBSJGJFT IPX BO FOUJUZ TIPVME JEFOUJGZ UIF VOJU PG BDDPVOUJOH
JF UIF TQFDJGJFE HPPE PS TFSWJDF GPS UIF QSJODJQBM WFSTVT BHFOU FWBMVBUJPO BOE IPX JU TIPVME BQQMZ UIF DPOUSPM QSJODJQMF UP DFSUBJO
UZQFT PG BSSBOHFNFOUT 5IF"46 JT FGGFDUJWF GPS GJTDBM ZFBST BOE JOUFSJN QFSJPET XJUIJO UIPTF ZFBST CFHJOOJOH PO PS BGUFS %FDFNCFS
  XJUI FBSMZ BEPQUJPO QFSNJUUFE 8F BSF DVSSFOUMZ FWBMVBUJOH UIF JNQBDU UIBU UIJT TUBOEBSE XJMM IBWF PO PVS DPOTPMJEBUFE
GJOBODJBM TUBUFNFOUT
*O .BSDI  UIF '"4# JTTVFE "46  3FDPHOJUJPO PG #SFBLBHF GPS $FSUBJO 1SFQBJE 4UPSFE7BMVF 1SPEVDUT 5IF
TUBOEBSE TQFDJGJFT IPX QSFQBJE TUPSFEWBMVF QSPEVDU MJBCJMJUJFT TIPVME CF EFSFDPHOJ[FE UIFSFCZ FMJNJOBUJOH UIF DVSSFOU BOE QPUFOUJBM
GVUVSF EJWFSTJUZ JO QSBDUJDF 5IF "46 JT FGGFDUJWF GPS GJTDBM ZFBST BOE JOUFSJN QFSJPET XJUIJO UIPTF ZFBST CFHJOOJOH BGUFS %FDFNCFS
  XJUI FBSMZ BEPQUJPO QFSNJUUFE 8F BSF DVSSFOUMZ FWBMVBUJOH UIF JNQBDU UIBU UIJT TUBOEBSE XJMM IBWF PO PVS DPOTPMJEBUFE
GJOBODJBM TUBUFNFOUT
(".&4501 $031
/05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54
'