2020 Q1 Form 10-K Financial Statement

#000132638020000022 Filed on March 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2020 2019 Q1
Revenue $2.194B $6.466B $3.063B
YoY Change -28.37% -21.96% 8.42%
Cost Of Revenue $1.597B $4.557B $2.314B
YoY Change -31.0% -23.76% -1.76%
Gross Profit $597.3M $1.909B $748.8M
YoY Change -20.23% -17.3% 59.56%
Gross Profit Margin 27.22% 29.52% 24.45%
Selling, General & Admin $555.1M $1.923B $522.1M
YoY Change 6.32% -3.59% 124.95%
% of Gross Profit 92.93% 100.73% 69.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.10M $90.80M $29.50M
YoY Change -11.53% -6.1% -23.77%
% of Gross Profit 4.37% 4.76% 3.94%
Operating Expenses $485.8M $1.923B $975.6M
YoY Change -50.21% -3.59% 279.91%
Operating Profit $75.20M -$399.6M -$232.1M
YoY Change -132.4% -43.08% -209.22%
Interest Expense -$8.000M $27.20M -$15.80M
YoY Change -49.37% -52.11% -15.51%
% of Operating Profit -10.64%
Other Income/Expense, Net
YoY Change
Pretax Income $68.70M -$426.8M -$242.6M
YoY Change -128.32% -21.46% -225.18%
Income Tax $43.80M $37.60M $48.60M
% Of Pretax Income 63.76%
Net Earnings $21.00M -$470.9M -$187.7M
YoY Change -111.19% -30.03% 77.24%
Net Earnings / Revenue 0.96% -7.28% -6.13%
Basic Earnings Per Share $0.32 -$5.38 -$1.84
Diluted Earnings Per Share $0.32 -$5.38 -$1.84
COMMON SHARES
Basic Shares Outstanding 64.46M shares 87.50M shares 102.3M shares
Diluted Shares Outstanding 87.50M shares

Balance Sheet

Concept 2020 Q1 2020 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $499.4M $499.4M $1.624B
YoY Change -69.26% -69.26% 90.17%
Cash & Equivalents $499.4M $499.4M $1.624B
Short-Term Investments
Other Short-Term Assets $132.7M $132.7M $118.6M
YoY Change 11.89% 11.89% -84.7%
Inventory $859.7M $859.7M $1.251B
Prepaid Expenses $120.6M $118.6M
Receivables $141.9M $21.50M $134.2M
Other Receivables $0.00 $120.4M $0.00
Total Short-Term Assets $1.634B $1.634B $3.128B
YoY Change -47.77% -47.77% 3.62%
LONG-TERM ASSETS
Property, Plant & Equipment $275.9M $1.043B $321.3M
YoY Change -14.13% 224.59% -8.46%
Goodwill $0.00 $363.9M
YoY Change -100.0% -73.05%
Intangibles $33.50M
YoY Change -63.78%
Long-Term Investments
YoY Change
Other Assets $46.30M $143.1M $84.10M
YoY Change -44.95% -27.69% 18.45%
Total Long-Term Assets $1.186B $1.186B $916.6M
YoY Change 29.39% 29.39% -54.7%
TOTAL ASSETS
Total Short-Term Assets $1.634B $1.634B $3.128B
Total Long-Term Assets $1.186B $1.186B $916.6M
Total Assets $2.820B $2.820B $4.044B
YoY Change -30.28% -30.28% -19.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.8M $380.8M $1.052B
YoY Change -63.8% -63.8% 17.89%
Accrued Expenses $617.5M $470.9M $780.0M
YoY Change -20.83% 50.88% -17.9%
Deferred Revenue $339.2M $376.9M
YoY Change -10.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $349.2M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $1.238B $1.238B $2.181B
YoY Change -43.25% -43.25% 12.96%
LONG-TERM LIABILITIES
Long-Term Debt $419.8M $419.8M $471.6M
YoY Change -10.98% -10.98% -42.34%
Other Long-Term Liabilities $21.40M $550.7M $55.40M
YoY Change -61.37% 895.84% -24.52%
Total Long-Term Liabilities $441.2M $970.5M $527.0M
YoY Change -16.28% 84.19% -41.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.238B $1.238B $2.181B
Total Long-Term Liabilities $441.2M $970.5M $527.0M
Total Liabilities $2.208B $2.208B $2.708B
YoY Change -18.46% -18.46% -4.21%
SHAREHOLDERS EQUITY
Retained Earnings $690.2M $1.363B
YoY Change -49.35% -37.49%
Common Stock $100.0K $27.80M
YoY Change -99.64% 25.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $611.5M $611.5M $1.336B
YoY Change
Total Liabilities & Shareholders Equity $2.820B $2.820B $4.044B
YoY Change -30.28% -30.28% -19.78%

Cashflow Statement

Concept 2020 Q1 2020 2019 Q1
OPERATING ACTIVITIES
Net Income $21.00M -$470.9M -$187.7M
YoY Change -111.19% -30.03% 77.24%
Depreciation, Depletion And Amortization $26.10M $90.80M $29.50M
YoY Change -11.53% -6.1% -23.77%
Cash From Operating Activities $240.3M -$414.5M $500.0M
YoY Change -51.94% -227.5% 10.62%
INVESTING ACTIVITIES
Capital Expenditures -$17.10M $78.50M -$27.80M
YoY Change -38.49% -16.22% 0.0%
Acquisitions $0.00
YoY Change
Other Investing Activities $13.10M -$400.0K $729.5M
YoY Change -98.2% -69.23% 13928.85%
Cash From Investing Activities -$4.000M -$60.90M $701.7M
YoY Change -100.57% -109.58% -3204.87%
FINANCING ACTIVITIES
Cash Dividend Paid $40.50M
YoY Change -74.27%
Common Stock Issuance & Retirement, Net $198.7M
YoY Change
Debt Paid & Issued, Net $404.5M
YoY Change
Cash From Financing Activities -22.00M -$644.7M -38.70M
YoY Change -43.15% 269.03% 0.26%
NET CHANGE
Cash From Operating Activities 240.3M -$414.5M 500.0M
Cash From Investing Activities -4.000M -$60.90M 701.7M
Cash From Financing Activities -22.00M -$644.7M -38.70M
Net Change In Cash 214.3M -$1.127B 1.163B
YoY Change -81.57% -246.1% 197.59%
FREE CASH FLOW
Cash From Operating Activities $240.3M -$414.5M $500.0M
Capital Expenditures -$17.10M $78.50M -$27.80M
Free Cash Flow $257.4M -$493.0M $527.8M
YoY Change -51.23% -313.05% 10.0%

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2254100000 USD
CY2018 us-gaap Profit Loss
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34700000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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59500000 USD
CY2018 us-gaap Dividends
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155900000 USD
CY2019 us-gaap Profit Loss
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-673000000.0 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019 us-gaap Dividends
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155900000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10700000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25600000 USD
CY2019 us-gaap Share Based Compensation
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10700000 USD
CY2018 us-gaap Share Based Compensation
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25600000 USD
CY2020 gme Deferred Income Tax Expense For Cash Flow
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61400000 USD
CY2019 gme Deferred Income Tax Expense For Cash Flow
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CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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3500000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
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-495400000 USD
CY2018 gme Deferred Income Tax Expense For Cash Flow
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-107900000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-1900000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-2000000.0 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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-739500000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-8500000 USD
CY2020 us-gaap Gain Loss On Sale Of Business
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-9100000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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5100000 USD
CY2019 us-gaap Gain Loss On Sale Of Business
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100800000 USD
CY2018 us-gaap Gain Loss On Sale Of Business
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6400000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
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4100000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2214500000 USD
CY2019 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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11500000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
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6900000 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
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-10500000 USD
CY2018 us-gaap Other Depreciation And Amortization
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151900000 USD
CY2020 us-gaap Asset Impairment Charges
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385600000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1015900000 USD
CY2018 us-gaap Asset Impairment Charges
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395100000 USD
CY2020 us-gaap Share Based Compensation
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8900000 USD
CY2020 us-gaap Increase Decrease In Receivables
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10900000 USD
CY2019 us-gaap Increase Decrease In Receivables
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34400000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1336200000 USD
CY2020 us-gaap Profit Loss
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-470900000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-24500000 USD
CY2020 us-gaap Dividends
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38500000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8900000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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198700000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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1000000.0 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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611500000 USD
CY2020 us-gaap Profit Loss
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-470900000 USD
CY2019 us-gaap Profit Loss
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-673000000.0 USD
CY2018 us-gaap Profit Loss
ProfitLoss
34700000 USD
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
96200000 USD
CY2019 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
126900000 USD
CY2018 us-gaap Increase Decrease In Receivables
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-35700000 USD
CY2020 us-gaap Increase Decrease In Inventories
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-361100000 USD
CY2019 us-gaap Increase Decrease In Inventories
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-12600000 USD
CY2018 us-gaap Increase Decrease In Inventories
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197200000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-3600000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2200000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1200000 USD
CY2020 gme Prepaid Income Taxes And Accrued Income Taxes Payable
PrepaidIncomeTaxesAndAccruedIncomeTaxesPayable
75900000 USD
CY2019 gme Prepaid Income Taxes And Accrued Income Taxes Payable
PrepaidIncomeTaxesAndAccruedIncomeTaxesPayable
18700000 USD
CY2018 gme Prepaid Income Taxes And Accrued Income Taxes Payable
PrepaidIncomeTaxesAndAccruedIncomeTaxesPayable
24700000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-792800000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26000000.0 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
146100000 USD
CY2020 gme Changein Rou Asset Liab
ChangeinROUAssetLiab
-4100000 USD
CY2019 gme Changein Rou Asset Liab
ChangeinROUAssetLiab
0 USD
CY2018 gme Changein Rou Asset Liab
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0 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
4900000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-14800000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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-414500000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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325100000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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434900000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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78500000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
93700000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
113400000 USD
CY2020 us-gaap Proceeds From Divestiture Of Businesses
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5200000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
727900000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
58500000 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
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12000000.0 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
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0 USD
CY2018 us-gaap Proceeds From Life Insurance Policies
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0 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
8500000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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-400000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1300000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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-2800000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-60900000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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635500000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-60600000 USD
CY2020 us-gaap Repayments Of Long Term Debt
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404500000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
198700000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22000000.0 USD
CY2020 us-gaap Payments Of Dividends
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40500000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
157400000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
155200000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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674700000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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513500000 USD
CY2020 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1127000000.0 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
771400000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
194400000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1640500000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
869100000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
154000000.0 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
373000000.0 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
154000000.0 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
373000000.0 USD
CY2020 gme Repaymentof Acquisition Related Debt
RepaymentofAcquisitionRelatedDebt
0 USD
CY2019 gme Repaymentof Acquisition Related Debt
RepaymentofAcquisitionRelatedDebt
12200000 USD
CY2018 gme Repaymentof Acquisition Related Debt
RepaymentofAcquisitionRelatedDebt
21800000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000000.0 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5100000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3500000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-644700000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174700000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-202500000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6900000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-24700000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
28000000.0 USD
CY2020 gme Change Cash Heldfor Sale
ChangeCashHeldforSale
0 USD
CY2019 gme Change Cash Heldfor Sale
ChangeCashHeldforSale
10200000 USD
CY2018 gme Change Cash Heldfor Sale
ChangeCashHeldforSale
-5400000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1640500000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
869100000 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
<div style="line-height:120%;padding-top:16px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">The Company</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">GameStop Corp. (“GameStop,” “we,” “us,” “our,” or the “Company”) is a global, multichannel video game, consumer electronics and collectibles retailer. We operate approximately </span><span style="font-family:Arial;font-size:9pt;"><span>5,500</span></span><span style="font-family:Arial;font-size:9pt;"> stores across </span><span style="font-family:Arial;font-size:9pt;"><span>14</span></span><span style="font-family:Arial;font-size:9pt;"> countries. Our consumer product network also includes www.gamestop.com and </span><span style="font-family:Arial;font-size:9pt;font-style:italic;">Game Informer</span><span style="font-family:Arial;font-size:9pt;">® magazine, the world's leading print and digital video game publication.</span></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">We operate our business in </span><span style="font-family:Arial;font-size:9pt;"><span>four</span></span><span style="font-family:Arial;font-size:9pt;"> geographic segments: United States, Canada, Australia and Europe. See Note </span><span style="font-family:Arial;font-size:9pt;">16</span><span style="font-family:Arial;font-size:9pt;">, "Segment Information," for further information.</span></div>
CY2020Q1 us-gaap Number Of Stores
NumberOfStores
5500
CY2020Q1 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
14
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2020 us-gaap Reclassifications
Reclassifications
<div style="line-height:120%;padding-top:16px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">We have made certain reclassifications in our consolidated statements of cash flows in order to conform to the current year presentation. The provision for inventory reserves of </span><span style="font-family:Arial;font-size:9pt;"><span>$57.3 million</span></span><span style="font-family:Arial;font-size:9pt;"> and </span><span style="font-family:Arial;font-size:9pt;"><span>$59.1 million</span></span><span style="font-family:Arial;font-size:9pt;"> for fiscal years 2018 and 2017, respectively, have been reclassified to changes in merchandise inventories. Certain changes in customer liabilities, primarily associated with loyalty point redemptions and gift card breakage, of </span><span style="font-family:Arial;font-size:9pt;"><span>$43.1 million</span></span><span style="font-family:Arial;font-size:9pt;"> and </span><span style="font-family:Arial;font-size:9pt;"><span>$23.7 million</span></span><span style="font-family:Arial;font-size:9pt;"> for fiscal years 2018 and 2017, respectively, have been reclassified from other to changes in accounts payable and accrued liabilities. </span></div>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:16px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing these financial statements, we have made our best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. Changes in the estimates and assumptions used by us could have a significant impact on our financial results. Actual results could differ from those estimates.</span></div>
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14100000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16100000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
499400000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1624400000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
854200000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
300000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2700000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2020Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13800000 USD
CY2019Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13400000 USD
CY2018Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
14900000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
513500000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1640500000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
869100000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
58000000.0 USD
CY2019Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
69400000 USD
CY2020Q1 us-gaap Land
Land
18000000.0 USD
CY2019Q1 us-gaap Land
Land
18700000 USD
CY2020Q1 gme Buildings And Leasehold Improvements
BuildingsAndLeaseholdImprovements
611800000 USD
CY2019Q1 gme Buildings And Leasehold Improvements
BuildingsAndLeaseholdImprovements
638200000 USD
CY2020Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
836200000 USD
CY2019Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
900200000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1466000000.0 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1557100000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1190100000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1235800000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
275900000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
321300000 USD
CY2020 us-gaap Depreciation
Depreciation
90800000 USD
CY2019 us-gaap Depreciation
Depreciation
96700000 USD
CY2018 us-gaap Depreciation
Depreciation
110100000 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2100000 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2800000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
363900000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
970700000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
2300000 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
43100000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
11000000.0 USD
CY2020 us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Loyalty Program </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Our loyalty program accounting policy discussed below is subsequent to the adoption of ASU 2014-09. See “—Recently Adopted Accounting Pronouncements” for information regarding our loyalty program accounting policy prior to the adoption of ASU 2014-09. </span></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Our PowerUp Rewards loyalty program allows members to earn points on purchases that can be redeemed for rewards that include discounts or merchandise. When loyalty program members purchase our product, we allocate the transaction price between the product and loyalty points earned based on the relative stand-alone selling prices and expected point redemption. The portion allocated to the loyalty points is initially recorded as deferred revenue and subsequently recognized as revenue upon redemption or expiration.</span></div>The two primary estimates utilized to record the deferred revenue for loyalty points earned by members are the estimated retail price per point and estimated breakage. The estimated retail price per point is based on the actual historical retail prices of product purchased through the redemption of loyalty points. We estimate breakage of loyalty points based on historical redemption rates. We continually evaluate our methodology and assumptions based on developments in retail price per point redeemed, redemption patterns and other factors. Changes in the retail price per point and redemption rates have the effect of either increasing or decreasing the deferred revenue liability through current period revenue by an amount estimated to represent the retail value of all points previously earned but not yet redeemed by loyalty program members as of the end of the reporting period. The cost of administering the loyalty program, including program administration fees, program communications and cost of loyalty cards, is recognized in selling, general and administrative expenses
CY2020 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Customer Liabilities </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Our customer liabilities accounting policy discussed below is subsequent to the adoption of ASU 2014-09. See “—Recently Adopted Accounting Pronouncements” for information regarding our customer liabilities accounting policy prior to the adoption of ASU 2014-09. </span></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">We establish a liability upon the issuance of merchandise credits and the sale of gift cards. Revenue is subsequently recognized when the credits and gift cards are redeemed. In addition, we recognize breakage in revenue upon redemption and in proportion to historical redemption patterns, regardless of the age of the unused gift cards and merchandise credit liabilities. To the extent that future redemption patterns differ from those historically experienced, there will be variations in the recorded breakage. </span></div>
CY2020 gme Cost Of Sales Vendor Allowances
CostOfSalesVendorAllowances
108500000 USD
CY2019 gme Cost Of Sales Vendor Allowances
CostOfSalesVendorAllowances
143400000 USD
CY2018 gme Cost Of Sales Vendor Allowances
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162500000 USD
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<div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">In December 2019, the FASB issued ASU 2019-12,</span><span style="font-family:Arial;font-size:9pt;font-style:italic;"> Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes</span><span style="font-family:Arial;font-size:9pt;">. This standard is intended to simplify the accounting and disclosure requirements for income taxes by eliminating various exceptions in accounting for income taxes as well as clarifying and amending existing guidance to improve consistency in application of ASC 740. The provisions of ASU 2019-12 are effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The company is currently evaluating the impact that ASU 2019-12 will have on our consolidated financial statements.</span></div>
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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EarningsPerShareBasic
0.32
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.78
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.84
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.07
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.14
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.01
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.20
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.39
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.96
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.63
CY2019Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.01
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.02
CY2019Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2020Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.06
CY2018Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.08
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.78
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.84
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
363900000 USD
CY2019Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
11300000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10400000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
587500000 USD
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
428400000 USD

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