GameStop Reports Third Quarter 2014 Results
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GameStop Corp.
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Condensed Consolidated Balance Sheets
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(in millions)
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(unaudited)
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Nov 1,
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Nov 2,
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2014
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2013
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ASSETS:
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Current assets:
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Cash and cash equivalents
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$
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374.0
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$
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471.9
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Receivables, net
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116.9
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88.6
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Merchandise inventories, net
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1,714.4
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1,717.0
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Prepaid expenses and other current assets
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179.3
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125.0
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Deferred income taxes
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59.1
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55.0
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Total current assets
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2,443.7
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2,457.5
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Property and equipment:
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Land
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20.1
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21.3
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Buildings & leasehold improvements
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625.1
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604.0
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Fixtures and equipment
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890.8
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952.9
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Total property and equipment
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1,536.0
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1,578.2
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Less accumulated depreciation and amortization
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1,071.0
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1,105.3
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Net property and equipment
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465.0
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472.9
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Goodwill
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1,408.5
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1,371.4
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Other noncurrent assets
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324.4
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263.2
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Total assets
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$
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4,641.6
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$
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4,565.0
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LIABILITIES AND STOCKHOLDERS' EQUITY:
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Current liabilities:
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Accounts payable
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$
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1,316.1
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$
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1,356.6
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Accrued liabilities
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814.6
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959.0
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Income taxes payable
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16.9
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-
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Current portion of debt
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3.8
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-
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Total current liabilities
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2,151.4
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2,315.6
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Other long-term liabilities
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131.4
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102.1
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Long-term debt
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350.2
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-
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Total liabilities
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2,633.0
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2,417.7
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Stockholders' equity
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2,008.6
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2,147.3
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Total liabilities and stockholders' equity
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$
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4,641.6
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$
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4,565.0
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