Stock Analysis on Net

GameStop Corp. (NYSE:GME)

$22.49

This company has been moved to the archive! The financial data has not been updated since June 11, 2024.

Common-Size Balance Sheet: Assets
Quarterly Data

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GameStop Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
Cash and cash equivalents
Marketable securities
Receivables, net of allowance
Merchandise inventories, net
Prepaid expenses and other current assets
Assets held-for-sale
Current assets
Property and equipment, net of accumulated depreciation
Operating lease right-of-use assets
Deferred income taxes
Goodwill
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).


Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets show considerable fluctuations over the observed periods. Starting at 5.62% in May 2018, the ratio rises sharply to peak at 48.52% in July 2021. Subsequently, it declines but remains relatively elevated, ending at 38.65% in May 2024. This pattern suggests a significant increase in liquidity, particularly in mid-2021, followed by some normalization while maintaining a high liquidity level.
Marketable Securities
Marketable securities data appear only from January 2023 onward, showing a range between 3.21% and 10.70% of total assets. This indicates a recent incorporation or reporting of these securities as part of liquid assets, suggesting a diversification of short-term investment holdings.
Receivables, Net of Allowance
Receivables show variation with an initial increasing trend from 2.43% in May 2018 to a high of 5.03% in February 2020. Afterward, the percentages fluctuate in a generally lower band, ending at 2.28% in May 2024. This may imply initial growth in credit extended to customers followed by tighter management or reduced sales on credit.
Merchandise Inventories, Net
Inventory levels exhibit volatility, with spikes such as in November 2018 (40.4%) and November 2019 (40.9%). Other periods show lower levels around the 20-30% range, with a notable decrease to 16.82% in July 2021. The inventory percentage tends to oscillate, reflecting changing inventory management or sales cycles.
Prepaid Expenses and Other Current Assets
This category shows intermittent spikes, especially from October 2020 (10.28%) and peaking in January 2021 (13.54%), followed by a decline to lower single-digit percentages around 2.4% by May 2024. The pattern suggests episodic increases in prepaid or other current assets possibly linked to specific transactions or accounting treatments during these quarters.
Assets Held-for-Sale
These assets are present primarily in the earlier periods, from May 2018 to August 2019, decreasing from 15.39% to minimal levels or absence thereafter. This indicates a divestiture or reclassification of held-for-sale assets during the timeline.
Current Assets
The proportion of current assets in total assets ranges variably between about 52.85% and 77.71%. There is a peak in late 2021 and early 2022, which aligns with the increase in cash and equivalents. The overall pattern reflects a strong emphasis on liquidity and short-term assets in the later periods.
Property and Equipment, Net
Property and equipment as a percentage of total assets decline slowly from 7.74% in May 2018 to 3.19% by May 2024. This downward trend suggests asset disposals, depreciation outpacing acquisitions, or a strategic shift away from fixed-asset investments.
Operating Lease Right-of-Use Assets
These assets appear starting May 2019 at 22.21%, increasing to about 29% by August 2020, then gradually declining with some fluctuations, settling around 20.95% by May 2024. The data indicate significant adoption of operating leases starting mid-2019, with a slow reduction possibly due to lease expirations or changes in leasing strategy.
Deferred Income Taxes
Deferred income taxes generally decrease over time from 3.57% in May 2018 to below 1% in most recent periods, although remaining slightly volatile. This reduction might reflect decreasing deferred tax assets or liabilities related to timing differences in revenue and expense recognition.
Goodwill
Goodwill decreases sharply from over 31% in mid-2018 to 9% by early 2019 and is not reported in subsequent periods. This may reflect asset impairments, disposals, or reclassification of business units.
Other Noncurrent Assets
These assets remain relatively stable throughout the periods at around 2-3% of total assets, with a notable peak of 3.83% in January 2022. The overall stability suggests a consistent minor component of total assets.
Noncurrent Assets
Noncurrent assets decrease notably from 45.98% in May 2018 to about 22-27% range in recent periods after peaking again near 47% in May 2019. The decline correlates with reductions in goodwill and property and equipment as well as adjustments in lease accounting.
Total Assets
The total assets percentage remains constant at 100% as expected, serving as the base for all other proportional measurements.