GameStop 2015 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 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

GPMMPXJOH DPOEJUJPOT FYJTU J BO FWFOU PG EFGBVMU IBT PDDVSSFE JJ XF DPVME OPU JODVS BEEJUJPOBM EFCU VOEFS UIF HFOFSBM EFCU
DPWFOBOU PG UIF JOEFOUVSF PS JJJ UIF TVN PG UIF QSPQPTFE EJWJEFOE BOE BMM PUIFS EJWJEFOET BOE PUIFS SFTUSJDUFE QBZNFOUT NBEF
VOEFS UIF JOEFOUVSF GSPN UIF EBUF PG UIF JOEFOUVSF HPWFSOJOH UIF  4FOJPS /PUFT FYDFFET UIF TVN PG  PG DPOTPMJEBUFE OFU
JODPNF QMVT  PG OFU QSPDFFET GSPN DBQJUBM TUPDL TBMFT BOE PUIFS BNPVOUT TFU GPSUI JO BOE EFUFSNJOFE BT QSPWJEFE JO UIF
JOEFOUVSF 5IFTF SFTUSJDUJPOT BSF TVCKFDU UP FYDFQUJPOT BOE RVBMJGJDBUJPOT JODMVEJOH UIBU XF DBO QBZ VQ UP  NJMMJPO JO EJWJEFOET
UP TUPDLIPMEFST JO FBDI GJTDBM ZFBS BOE XF DBO QBZ EJWJEFOET BOE NBLF PUIFS SFTUSJDUFE QBZNFOUT JO BO VOMJNJUFE BNPVOU JG PVS
MFWFSBHF SBUJP PO B QSP GPSNB CBTJT BGUFS HJWJOH FGGFDU UP UIF EJWJEFOE QBZNFOU BOE PUIFS SFTUSJDUFE QBZNFOUT XPVME CF MFTT UIBO
PS FRVBM UP 
5IF JOEFOUVSF DPOUBJOT DVTUPNBSZ FWFOUT PG EFGBVMU JODMVEJOH QBZNFOU EFGBVMUT CSFBDIFT PG DPWFOBOUT GBJMVSF UP QBZ DFSUBJO
KVEHNFOUT BOE DFSUBJO FWFOUT PG CBOLSVQUDZ JOTPMWFODZ BOE SFPSHBOJ[BUJPO *G BO FWFOU PG EFGBVMU PDDVST BOE JT DPOUJOVJOH UIF
QSJODJQBM BNPVOU PG UIF  4FOJPS /PUFT QMVT BDDSVFE BOE VOQBJE JOUFSFTU JG BOZ NBZ CF EFDMBSFE JNNFEJBUFMZ EVF BOE QBZBCMF
5IFTF BNPVOUT BVUPNBUJDBMMZ CFDPNF EVF BOE QBZBCMF JG BO FWFOU PG EFGBVMU SFMBUJOH UP DFSUBJO FWFOUT PG CBOLSVQUDZ JOTPMWFODZ
PS SFPSHBOJ[BUJPO PDDVST
3FWPMWJOH $SFEJU 'BDJMJUZ
0O +BOVBSZ   XF FOUFSFE JOUP B  NJMMJPO DSFEJU BHSFFNFOU XIJDI XF BNFOEFE BOE SFTUBUFE PO .BSDI   BOE
GVSUIFS BNFOEFE PO 4FQUFNCFS   UIF b3FWPMWFSc 5IF 3FWPMWFS JT B GJWFZFBS BTTFUCBTFE GBDJMJUZ UIBU JT TFDVSFE CZ
TVCTUBOUJBMMZ BMM PG PVS BTTFUT BOE UIF BTTFUT PG PVS EPNFTUJD TVCTJEJBSJFT "WBJMBCJMJUZ VOEFS UIF 3FWPMWFS JT TVCKFDU UP B NPOUIMZ
CPSSPXJOH CBTF DBMDVMBUJPO 5IF 3FWPMWFS JODMVEFT B  NJMMJPO MFUUFS PG DSFEJU TVCMJNJU 5IF BNFOENFOUT FYUFOEFE UIF NBUVSJUZ
EBUF UP .BSDI   JODSFBTFE UIF FYQBOTJPO GFBUVSF VOEFS UIF 3FWPMWFS GSPN  NJMMJPO UP  NJMMJPO TVCKFDU UP DFSUBJO
DPOEJUJPOT BOE SFWJTFE DFSUBJO PUIFS UFSNT JODMVEJOH B SFEVDUJPO PG UIF GFF XF BSF SFRVJSFE UP QBZ PO UIF VOVTFE QPSUJPO PG UIF
UPUBM DPNNJUNFOU BNPVOU 8F CFMJFWF UIF FYUFOTJPO PG UIF NBUVSJUZ EBUF PG UIF 3FWPMWFS UP .BSDI  IFMQT UP MJNJU PVS FYQPTVSF
UP QPUFOUJBM UJHIUFOJOH PS PUIFS BEWFSTF DIBOHFT JO UIF DSFEJU NBSLFUT 5IF 4FQUFNCFS   BNFOENFOU BNFOEFE DFSUBJO
DPWFOBOUT UP QFSNJU UIF JTTVBODF PG UIF  4FOJPS /PUFT
#PSSPXJOH BWBJMBCJMJUZ VOEFS UIF 3FWPMWFS JT MJNJUFE UP B CPSSPXJOH CBTF XIJDI BMMPXT VT UP CPSSPX VQ UP  PG UIF BQQSBJTBM
WBMVF PG UIF JOWFOUPSZ JO FBDI DBTF QMVT  PG FMJHJCMF DSFEJU DBSE SFDFJWBCMFT OFU PG DFSUBJO SFTFSWFT 5IF CPSSPXJOH CBTF QSPWJEFT
GPS CPSSPXJOH VQ UP  PG UIF BQQSBJTBM WBMVF EVSJOH UIF GJTDBM NPOUIT PG "VHVTU UISPVHI 0DUPCFS -FUUFST PG DSFEJU SFEVDF UIF
BNPVOU BWBJMBCMF UP CPSSPX VOEFS UIF 3FWPMWFS CZ BO BNPVOU FRVBM UP UIF GBDF WBMVF PG UIF MFUUFST PG DSFEJU 0VS BCJMJUZ UP QBZ
DBTI EJWJEFOET SFEFFN PQUJPOT BOE SFQVSDIBTF TIBSFT JT HFOFSBMMZ QFSNJUUFE FYDFQU VOEFS DFSUBJO DJSDVNTUBODFT JODMVEJOH JG
FJUIFS  FYDFTT BWBJMBCJMJUZ VOEFS UIF 3FWPMWFS JT MFTT UIBO  PS JT QSPKFDUFE UP CF XJUIJO  NPOUIT BGUFS TVDI QBZNFOU PS 
FYDFTT BWBJMBCJMJUZ VOEFS UIF 3FWPMWFS JT MFTT UIBO  PS JT QSPKFDUFE UP CF XJUIJO  NPOUIT BGUFS TVDI QBZNFOU BOE UIF GJYFE
DIBSHF DPWFSBHF SBUJP BT DBMDVMBUFE PO B QSPGPSNB CBTJT GPS UIF QSJPS  NPOUIT JT  PS MFTT *O UIF FWFOU UIBU FYDFTT BWBJMBCJMJUZ
VOEFS UIF 3FWPMWFS JT BU BOZ UJNF MFTT UIBO UIF HSFBUFS PG   NJMMJPO PS   PG UIF MFTTFS PG UIF UPUBM DPNNJUNFOU PS UIF
CPSSPXJOH CBTF XF XJMM CF TVCKFDU UP B GJYFE DIBSHF DPWFSBHF SBUJP DPWFOBOU PG 
5IF 3FWPMWFS QMBDFT DFSUBJO SFTUSJDUJPOT PO VT BOE PVS TVCTJEJBSJFT JODMVEJOH MJNJUBUJPOT PO BTTFU TBMFT BEEJUJPOBM MJFOT
JOWFTUNFOUT MPBOT HVBSBOUFFT BDRVJTJUJPOT BOE UIF JODVSSFODF PG BEEJUJPOBM JOEFCUFEOFTT "CTFOU DPOTFOU GSPN PVS MFOEFST XF
NBZ OPU JODVS NPSF UIBO  CJMMJPO PG TFOJPS TFDVSFE EFCU BOE  NJMMJPO PG BEEJUJPOBM VOTFDVSFE JOEFCUFEOFTT UP CF MJNJUFE UP
 NJMMJPO JO HFOFSBM VOTFDVSFE PCMJHBUJPOT BOE  NJMMJPO JO VOTFDVSFE PCMJHBUJPOT UP GJOBODF BDRVJTJUJPOT WBMVFE BU 
NJMMJPO PS NPSF
5IF QFS BOOVN JOUFSFTU SBUF VOEFS UIF 3FWPMWFS JT WBSJBCMF BOE JT DBMDVMBUFE CZ BQQMZJOH B NBSHJO  GPS QSJNF SBUF MPBOT PG
 UP  BCPWF UIF IJHIFTU PG B UIF QSJNF SBUF PG UIF BENJOJTUSBUJWF BHFOU C UIF GFEFSBM GVOET FGGFDUJWF SBUF QMVT 
PS D UIF -POEPO *OUFSCBOL 0GGFSFE b-*#0c SBUF GPS B EBZ JOUFSFTU QFSJPE BT EFUFSNJOFE PO TVDI EBZ QMVT  BOE  GPS
-*#0 SBUF MPBOT PG  UP  BCPWF UIF -*#0 SBUF 5IF BQQMJDBCMF NBSHJO JT EFUFSNJOFE RVBSUFSMZ BT B GVODUJPO PG PVS
BWFSBHF EBJMZ FYDFTT BWBJMBCJMJUZ VOEFS UIF GBDJMJUZ *O BEEJUJPO XF BSF SFRVJSFE UP QBZ B DPNNJUNFOU GFF PG  GPS BOZ VOVTFE
QPSUJPO PG UIF UPUBM DPNNJUNFOU VOEFS UIF 3FWPMWFS "T PG +BOVBSZ   UIF BQQMJDBCMF NBSHJO XBT  GPS QSJNF SBUF MPBOT
BOE  GPS -*#0 SBUF MPBOT
5IF 3FWPMWFS QSPWJEFT GPS DVTUPNBSZ FWFOUT PG EFGBVMU XJUI DPSSFTQPOEJOH HSBDF QFSJPET JODMVEJOH GBJMVSF UP QBZ BOZ QSJODJQBM
PS JOUFSFTU XIFO EVF GBJMVSF UP DPNQMZ XJUI DPWFOBOUT BOZ NBUFSJBM SFQSFTFOUBUJPO PS XBSSBOUZ NBEF CZ VT PS UIF CPSSPXFST
QSPWJOH UP CF GBMTF JO BOZ NBUFSJBM SFTQFDU DFSUBJO CBOLSVQUDZ JOTPMWFODZ PS SFDFJWFSTIJQ FWFOUT BGGFDUJOH VT PS PVS TVCTJEJBSJFT
EFGBVMUT SFMBUJOH UP DFSUBJO PUIFS JOEFCUFEOFTT JNQPTJUJPO PG DFSUBJO KVEHNFOUT BOE NFSHFST PS UIF MJRVJEBUJPO PG UIF $PNQBOZ PS
DFSUBJO PG JUT TVCTJEJBSJFT %VSJOH GJTDBM  XF DVNVMBUJWFMZ CPSSPXFE BOE TVCTFRVFOUMZ SFQBJE  NJMMJPO VOEFS UIF 3FWPMWFS
0VS NBYJNVN CPSSPXJOHT PVUTUBOEJOH EVSJOH GJTDBM  XFSF  NJMMJPO "WFSBHF CPSSPXJOHT VOEFS UIF 3FWPMWFS GPS GJTDBM
 XFSF  NJMMJPO 0VS BWFSBHF JOUFSFTU SBUF PO UIPTF PVUTUBOEJOH CPSSPXJOHT GPS GJTDBM  XBT  "T PG +BOVBSZ 
(".&4501 $031
/05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54
'