GME FY 2015 Earnings Report — GameStop Corp. Revenue & Financial Results | Market Cap Arena

GameStop Corp.GME

FY 2015 Earnings

Reported March 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$9.4B	—	$9.3B	—	0.7%
Op. Income	$648M	—	$618M	—	4.8%
Gross Margin	31.2%	—	29.9%	—	1.3pp
Net Margin	4.3%	—	4.2%	—	0.1pp
EPS (Diluted)	$0.94	—	$0.87	—	8.0%
Free Cash Flow	$484M	—	$321M	—	50.7%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$161M
Operating Expenses	$2.3B
Cost & Expenses	$8.7B
OPERATING INCOME	$648M
Interest Income	$400.0K
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$625M
Income Tax Expense	$222M
Net Income from Continuing Ops	$403M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$403M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$403M
D&A	$158M
EBIT	$649M
EBITDA	$807M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$161M
Operating Expenses	$2.3B
Cost & Expenses	$8.7B
OPERATING INCOME	$648M
Interest Income	$400.0K
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$625M
Income Tax Expense	$222M
Net Income from Continuing Ops	$403M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$403M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$403M
D&A	$158M
EBIT	$649M
EBITDA	$807M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$403M
Depreciation & Amortization	$158M
Stock-Based Compensation	$30M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$800.0K
Change in Working Capital	$68M
OPERATING CASH FLOW	$657M
Capital Expenditure	-$173M
Acquisitions (Net)	-$268M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$445M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$194M
Common Dividends Paid	-$154M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$346M
FREE CASH FLOW	$484M
Net Change in Cash	-$160M

Balance Sheet

Item	Amount
Cash & Equivalents	$450M
Short-Term Investments	$0
Net Receivables	$177M
Inventory	$1.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$485M
Goodwill	$1.5B
Intangible Assets	$330M
Long-Term Investments	$0
Tax Assets	$39M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.3B
Account Payables	$632M
Short-Term Debt	$400.0K
Deferred Revenue	$454M
Other Current Liabilities	$156M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$345M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$455M
TOTAL LIABILITIES	$2.2B
Common Stock	$100.0K
Additional Paid-In Capital	$0
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$89M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$346M
Net Debt	-$105M