GME FY 2008 Earnings Report — GameStop Corp. Revenue & Financial Results | Market Cap Arena

GameStop Corp.GME

FY 2008 Earnings

Reported April 1, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$8.8B	—	$7.1B	—	24.1%
Op. Income	$675M	—	$501M	—	34.6%
Gross Margin	25.8%	—	25.6%	—	0.2pp
Net Margin	4.5%	—	4.1%	—	0.5pp
EPS (Diluted)	$0.60	—	$0.44	—	36.4%
Free Cash Flow	$366M	—	$327M	—	11.9%

Revenue Flow

Item	Amount
REVENUE	$8.8B
Cost of Revenue	$6.5B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$150M
Operating Expenses	$1.6B
Cost & Expenses	$8.1B
OPERATING INCOME	$675M
Interest Income	$12M
Interest Expense	$50M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$634M
Income Tax Expense	$236M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$146M
EBIT	$684M
EBITDA	$831M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.8B
Cost of Revenue	$6.5B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$150M
Operating Expenses	$1.6B
Cost & Expenses	$8.1B
OPERATING INCOME	$675M
Interest Income	$12M
Interest Expense	$50M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$634M
Income Tax Expense	$236M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$146M
EBIT	$684M
EBITDA	$831M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$398M
Depreciation & Amortization	$146M
Stock-Based Compensation	$35M
Deferred Income Tax	-$25M
Other Non-Cash Items	$8M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$549M
Capital Expenditure	-$183M
Acquisitions (Net)	-$631M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$821M
Net Debt Issuance	-$30M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$31M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$366M
Net Change in Cash	-$279M

Balance Sheet

Item	Amount
Cash & Equivalents	$578M
Short-Term Investments	$0
Net Receivables	$66M
Inventory	$1.1B
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$549M
Goodwill	$1.8B
Intangible Assets	$248M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.5B
Account Payables	$1.0B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$546M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$650M
TOTAL LIABILITIES	$2.2B
Common Stock	$164.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$546M
Net Debt	-$32M