Income Tax Expense (Benefit)
Effective Income Tax Rate (EITR)
Components of Deferred Tax Assets and Liabilities
Deferred Tax Assets and Liabilities, Classification
Adjustments to Financial Statements: Removal of Deferred Taxes
Adjusted Financial Ratios: Removal of Deferred Taxes (Summary)
Adjusted Net Profit Margin
Adjusted Total Asset Turnover
Adjusted Financial Leverage
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

GameStop Corp., income tax expense (benefit), continuing operations

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Federal	(13,200)	(154,900)	(25,300)	45,000)	110,100)	143,800)
State	7,600)	(1,500)	1,500)	12,800)	14,900)	13,500)
Foreign	7,800)	18,800)	(100)	38,500)	28,500)	29,200)
Current tax expense (benefit)	2,200)	(137,600)	(23,900)	96,300)	153,500)	186,500)
Federal	—)	45,500)	12,600)	(36,000)	(78,500)	(1,200)
State	—)	7,600)	3,200)	(4,000)	(13,400)	(200)
Foreign	(16,300)	29,200)	45,700)	(14,600)	(16,000)	(33,600)
Deferred tax expense (benefit)	(16,300)	82,300)	61,500)	(54,600)	(107,900)	(35,000)
Income tax expense (benefit)	(14,100)	(55,300)	37,600)	41,700)	45,600)	151,500)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Item	Description	The company
Current tax expense (benefit)	Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.	GameStop Corp. current tax expense (benefit) decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Deferred tax expense (benefit)	Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.	GameStop Corp. deferred tax expense (benefit) increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Income tax expense (benefit)	Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.	GameStop Corp. income tax expense (benefit) decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

GameStop Corp., effective income tax rate (EITR) reconciliation

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Federal statutory tax rate	21.00%	21.00%	21.00%	21.00%	33.70%	35.00%
State income taxes, net of federal effect	3.10%	5.00%	-1.00%	-0.90%	-0.80%	1.70%
Foreign income tax rate differential	0.40%	-3.90%	-0.50%	2.80%	-5.10%	-0.90%
Change in valuation allowance	-33.60%	-41.80%	-17.90%	0.00%	-5.10%	4.10%
Subpart F income	0.00%	0.00%	0.00%	0.00%	1.50%	1.30%
Change in unrecognized tax benefits	-1.40%	0.00%	3.40%	0.20%	-7.10%	2.30%
Interest income from hybrid securities	0.00%	0.00%	0.00%	0.00%	-4.00%	-0.60%
Transition tax	0.00%	0.00%	0.00%	3.00%	12.70%	0.00%
Tax reform	0.00%	0.00%	0.00%	0.00%	39.60%	0.00%
Realization of losses in foreign operations not previously benefited	0.00%	0.00%	0.00%	0.00%	0.00%	-8.30%
Loss on investment in foreign subsidiary	0.00%	0.00%	0.00%	0.00%	0.00%	-3.20%
Intercompany sale of intangible assets	0.00%	0.00%	0.00%	0.00%	-16.40%	0.00%
Foreign tax credit	0.00%	0.00%	0.20%	0.10%	-11.70%	-0.10%
Withholding tax expense	-0.30%	-0.30%	-0.20%	-0.30%	11.20%	0.20%
Stock-based compensation	6.40%	0.00%	0.00%	0.00%	3.10%	0.00%
Impairment of goodwill	0.00%	0.00%	-15.40%	-25.60%	8.50%	0.00%
Divestitures	0.00%	0.00%	0.00%	0.00%	-2.70%	0.00%
Domestic production activities deduction	0.00%	0.00%	0.00%	0.00%	-1.70%	-0.30%
Nondeductible interest	0.00%	0.00%	-0.10%	-4.20%	2.30%	0.50%
U.S. impact of foreign operations	0.00%	7.60%	0.00%	0.00%	0.00%	0.00%
Incremental benefit of net operating loss carryback	3.60%	23.50%	0.00%	0.00%	0.00%	0.00%
Loss on worthless debt and related investment	5.50%	10.70%	0.00%	0.00%	0.00%	0.00%
Simply Mac loss on sale	0.00%	0.00%	1.60%	0.00%	0.00%	0.00%
Unrealized (gains) losses on foreign currency exchange	0.00%	0.00%	0.00%	0.00%	-1.90%	-0.10%
Other, including permanent differences	-1.10%	-1.30%	0.10%	-1.60%	0.70%	-1.60%
Effective tax rate	3.60%	20.50%	-8.80%	-5.50%	56.80%	30.00%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Item	Description	The company
Effective tax rate	Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.	GameStop Corp. effective tax rate increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

GameStop Corp., components of deferred tax assets and liabilities

US$ in thousands

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Inventory	8,600)	1,500)	10,700)	14,700)	16,800)	26,700)
Deferred rents	900)	2,100)	1,000)	3,900)	6,900)	8,300)
Operating lease liabilities	180,000)	212,300)	201,300)	—)	—)	—)
Stock-based compensation	4,700)	1,500)	1,700)	1,800)	9,200)	12,000)
Net operating losses and other loss carryforwards	219,800)	111,800)	77,300)	78,500)	86,200)	89,600)
Customer liabilities	15,100)	18,100)	11,600)	18,600)	16,600)	19,500)
Property and equipment	—)	—)	3,500)	11,300)	13,600)	3,400)
Credits	25,100)	27,600)	27,900)	18,200)	9,500)	4,100)
Accrued compensation	9,300)	12,900)	9,600)	12,100)	12,900)	26,300)
Intangible assets	25,500)	29,800)	28,500)	21,800)	63,200)	—)
Goodwill	900)	1,200)	1,500)	—)	—)	—)
Other	48,100)	24,500)	22,400)	13,100)	12,900)	22,100)
Deferred tax assets	538,000)	443,300)	397,000)	194,000)	247,800)	212,000)
Valuation allowance	(338,300)	(225,700)	(112,700)	(32,900)	(36,900)	(39,400)
Deferred tax assets, net	199,700)	217,600)	284,300)	161,100)	210,900)	172,600)
Property and equipment	(5,400)	(7,900)	—)	—)	—)	—)
Goodwill	—)	—)	—)	(10,200)	(49,900)	(75,500)
Prepaid expenses	(900)	(2,000)	(3,300)	(3,600)	(4,500)	(5,300)
Operating lease right-of-use assets	(177,100)	(207,400)	(198,500)	—)	—)	—)
Intangible assets	—)	—)	—)	—)	—)	(47,900)
Other	—)	(300)	(200)	(100)	(3,300)	(7,900)
Deferred tax liabilities	(183,400)	(217,600)	(202,000)	(13,900)	(57,700)	(136,600)
Net deferred tax assets (liabilities)	16,300)	—)	82,300)	147,200)	153,200)	36,000)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Item	Description	The company
Deferred tax assets	Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.	GameStop Corp. deferred tax assets increased from 2020 to 2021 and from 2021 to 2022.
Deferred tax assets, net	Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.	GameStop Corp. deferred tax assets, net decreased from 2020 to 2021 and from 2021 to 2022.
Net deferred tax assets (liabilities)	Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.	GameStop Corp. net deferred tax assets (liabilities) decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

GameStop Corp., deferred tax assets and liabilities, classification

US$ in thousands

		Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
	Deferred income taxes, assets	16,300)	—)	83,000)	147,300)	158,200)	59,000)
	Deferred income taxes, liabilities	—)	—)	700)	100)	5,000)	23,000)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Item	Description	The company
Deferred income taxes, assets	Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting and classified as noncurrent.	GameStop Corp. deferred income taxes, assets decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Deferred income taxes, liabilities	Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.

GameStop Corp., adjustments to financial statements

US$ in thousands

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Adjustment to Total Assets
Total assets (as reported)	3,499,300)	2,472,600)	2,819,700)	4,044,300)	5,041,600)	4,975,900)
Less: Noncurrent deferred tax assets, net	16,300)	—)	83,000)	147,300)	158,200)	59,000)
Total assets (adjusted)	3,483,000)	2,472,600)	2,736,700)	3,897,000)	4,883,400)	4,916,900)
Adjustment to Total Liabilities
Total liabilities (as reported)	1,896,800)	2,035,900)	2,208,200)	2,708,100)	2,827,100)	2,721,800)
Less: Noncurrent deferred tax liabilities, net	—)	—)	700)	100)	5,000)	23,000)
Total liabilities (adjusted)	1,896,800)	2,035,900)	2,207,500)	2,708,000)	2,822,100)	2,698,800)
Adjustment to Stockholders’ Equity
Stockholders’ equity (as reported)	1,602,500)	436,700)	611,500)	1,336,200)	2,214,500)	2,254,100)
Less: Net deferred tax assets (liabilities)	16,300)	—)	82,300)	147,200)	153,200)	36,000)
Stockholders’ equity (adjusted)	1,586,200)	436,700)	529,200)	1,189,000)	2,061,300)	2,218,100)
Adjustment to Net Income (loss)
Net income (loss) (as reported)	(381,300)	(215,300)	(470,900)	(673,000)	34,700)	353,200)
Add: Deferred income tax expense (benefit)	(16,300)	82,300)	61,500)	(54,600)	(107,900)	(35,000)
Net income (loss) (adjusted)	(397,600)	(133,000)	(409,400)	(727,600)	(73,200)	318,200)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

GameStop Corp., Financial Data: Reported vs. Adjusted

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GameStop Corp., adjusted financial ratios

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net Profit Margin
Reported net profit margin	-6.34%	-4.23%	-7.28%	-8.12%	0.38%	4.10%
Adjusted net profit margin	-6.61%	-2.61%	-6.33%	-8.78%	-0.79%	3.70%
Total Asset Turnover
Reported total asset turnover	1.72	2.06	2.29	2.05	1.83	1.73
Adjusted total asset turnover	1.73	2.06	2.36	2.13	1.89	1.75
Financial Leverage
Reported financial leverage	2.18	5.66	4.61	3.03	2.28	2.21
Adjusted financial leverage	2.20	5.66	5.17	3.28	2.37	2.22
Return on Equity (ROE)
Reported ROE	-23.79%	-49.30%	-77.01%	-50.37%	1.57%	15.67%
Adjusted ROE	-25.07%	-30.46%	-77.36%	-61.19%	-3.55%	14.35%
Return on Assets (ROA)
Reported ROA	-10.90%	-8.71%	-16.70%	-16.64%	0.69%	7.10%
Adjusted ROA	-11.42%	-5.38%	-14.96%	-18.67%	-1.50%	6.47%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Financial ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	GameStop Corp. adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	GameStop Corp. adjusted total asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	GameStop Corp. adjusted financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity.	GameStop Corp. adjusted ROE improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	GameStop Corp. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

GameStop Corp., Financial Ratios: Reported vs. Adjusted

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	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	(381,300)	(215,300)	(470,900)	(673,000)	34,700)	353,200)
Net sales	6,010,700)	5,089,800)	6,466,000)	8,285,300)	9,224,600)	8,607,900)
Profitability Ratio
Net profit margin¹	-6.34%	-4.23%	-7.28%	-8.12%	0.38%	4.10%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	(397,600)	(133,000)	(409,400)	(727,600)	(73,200)	318,200)
Net sales	6,010,700)	5,089,800)	6,466,000)	8,285,300)	9,224,600)	8,607,900)
Profitability Ratio
Adjusted net profit margin²	-6.61%	-2.61%	-6.33%	-8.78%	-0.79%	3.70%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

¹ Net profit margin = 100 × Net income (loss) ÷ Net sales
= 100 × -381,300 ÷ 6,010,700 = -6.34%

² Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net sales
= 100 × -397,600 ÷ 6,010,700 = -6.61%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	GameStop Corp. adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net sales	6,010,700)	5,089,800)	6,466,000)	8,285,300)	9,224,600)	8,607,900)
Total assets	3,499,300)	2,472,600)	2,819,700)	4,044,300)	5,041,600)	4,975,900)
Activity Ratio
Total asset turnover¹	1.72	2.06	2.29	2.05	1.83	1.73
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Net sales	6,010,700)	5,089,800)	6,466,000)	8,285,300)	9,224,600)	8,607,900)
Adjusted total assets	3,483,000)	2,472,600)	2,736,700)	3,897,000)	4,883,400)	4,916,900)
Activity Ratio
Adjusted total asset turnover²	1.73	2.06	2.36	2.13	1.89	1.75

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

¹ Total asset turnover = Net sales ÷ Total assets
= 6,010,700 ÷ 3,499,300 = 1.72

² Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 6,010,700 ÷ 3,483,000 = 1.73

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	GameStop Corp. adjusted total asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
As Reported
Selected Financial Data (US$ in thousands)
Total assets	3,499,300)	2,472,600)	2,819,700)	4,044,300)	5,041,600)	4,975,900)
Stockholders’ equity	1,602,500)	436,700)	611,500)	1,336,200)	2,214,500)	2,254,100)
Solvency Ratio
Financial leverage¹	2.18	5.66	4.61	3.03	2.28	2.21
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted total assets	3,483,000)	2,472,600)	2,736,700)	3,897,000)	4,883,400)	4,916,900)
Adjusted stockholders’ equity	1,586,200)	436,700)	529,200)	1,189,000)	2,061,300)	2,218,100)
Solvency Ratio
Adjusted financial leverage²	2.20	5.66	5.17	3.28	2.37	2.22

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

¹ Financial leverage = Total assets ÷ Stockholders’ equity
= 3,499,300 ÷ 1,602,500 = 2.18

² Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 3,483,000 ÷ 1,586,200 = 2.20

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	GameStop Corp. adjusted financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	(381,300)	(215,300)	(470,900)	(673,000)	34,700)	353,200)
Stockholders’ equity	1,602,500)	436,700)	611,500)	1,336,200)	2,214,500)	2,254,100)
Profitability Ratio
ROE¹	-23.79%	-49.30%	-77.01%	-50.37%	1.57%	15.67%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	(397,600)	(133,000)	(409,400)	(727,600)	(73,200)	318,200)
Adjusted stockholders’ equity	1,586,200)	436,700)	529,200)	1,189,000)	2,061,300)	2,218,100)
Profitability Ratio
Adjusted ROE²	-25.07%	-30.46%	-77.36%	-61.19%	-3.55%	14.35%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

¹ ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × -381,300 ÷ 1,602,500 = -23.79%

² Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity
= 100 × -397,600 ÷ 1,586,200 = -25.07%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity.	GameStop Corp. adjusted ROE improved from 2020 to 2021 and from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	(381,300)	(215,300)	(470,900)	(673,000)	34,700)	353,200)
Total assets	3,499,300)	2,472,600)	2,819,700)	4,044,300)	5,041,600)	4,975,900)
Profitability Ratio
ROA¹	-10.90%	-8.71%	-16.70%	-16.64%	0.69%	7.10%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	(397,600)	(133,000)	(409,400)	(727,600)	(73,200)	318,200)
Adjusted total assets	3,483,000)	2,472,600)	2,736,700)	3,897,000)	4,883,400)	4,916,900)
Profitability Ratio
Adjusted ROA²	-11.42%	-5.38%	-14.96%	-18.67%	-1.50%	6.47%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

¹ ROA = 100 × Net income (loss) ÷ Total assets
= 100 × -381,300 ÷ 3,499,300 = -10.90%

² Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × -397,600 ÷ 3,483,000 = -11.42%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	GameStop Corp. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

GameStop Corp. (NYSE:GME)

Analysis of Income Taxes

Income Tax Expense (Benefit)

Effective Income Tax Rate (EITR)

Components of Deferred Tax Assets and Liabilities

Deferred Tax Assets and Liabilities, Classification

Adjustments to Financial Statements: Removal of Deferred Taxes

GameStop Corp., Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios: Removal of Deferred Taxes (Summary)

GameStop Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Adjusted Total Asset Turnover

Adjusted Financial Leverage

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)