GME FY 2010 Earnings Report — GameStop Corp. Revenue & Financial Results | Market Cap Arena

GameStop Corp.GME

FY 2010 Earnings

Reported March 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$9.5B	—	$9.1B	—	4.4%
Op. Income	$663M	—	$637M	—	4.0%
Gross Margin	26.8%	—	26.8%	—	-0.0pp
Net Margin	4.3%	—	4.2%	—	0.2pp
EPS (Diluted)	$0.66	—	$0.56	—	17.9%
Free Cash Flow	$394M	—	$480M	—	-18.1%

Revenue Flow

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$176M
Operating Expenses	$1.9B
Cost & Expenses	$8.8B
OPERATING INCOME	$663M
Interest Income	$2M
Interest Expense	$37M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$621M
Income Tax Expense	$215M
Net Income from Continuing Ops	$407M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$408M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$408M
D&A	$177M
EBIT	$658M
EBITDA	$835M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$176M
Operating Expenses	$1.9B
Cost & Expenses	$8.8B
OPERATING INCOME	$663M
Interest Income	$2M
Interest Expense	$37M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$621M
Income Tax Expense	$215M
Net Income from Continuing Ops	$407M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$408M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$408M
D&A	$177M
EBIT	$658M
EBITDA	$835M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$407M
Depreciation & Amortization	$177M
Stock-Based Compensation	$30M
Deferred Income Tax	$38M
Other Non-Cash Items	$14M
Change in Working Capital	-$82M
OPERATING CASH FLOW	$591M
Capital Expenditure	-$198M
Acquisitions (Net)	-$38M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$240M
Net Debt Issuance	-$200M
Common Stock Repurchased	-$381M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$556M
FREE CASH FLOW	$394M
Net Change in Cash	-$195M

Balance Sheet

Item	Amount
Cash & Equivalents	$711M
Short-Term Investments	$0
Net Receivables	$66M
Inventory	$1.3B
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$614M
Goodwill	$2.0B
Intangible Assets	$255M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$5.1B
Account Payables	$1.0B
Short-Term Debt	$0
Deferred Revenue	$75M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$249M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$75M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$420M
TOTAL LIABILITIES	$2.2B
Common Stock	$100.0K
Additional Paid-In Capital	$929M
Retained Earnings	$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	$163M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	-$1M
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$249M
Net Debt	-$462M