Common-Size Balance Sheet: Assets
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2006
- Price to Earnings (P/E) since 2006
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GameStop Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
- Cash and cash equivalents
- The percentage of total assets held in cash and cash equivalents decreased from 40.17% in early 2019 to 17.71% in early 2020, followed by a moderate increase to around 36% by early 2022 and 2023. It slightly declined again to 34.02% in early 2024. This indicates an initial significant reduction in liquidity, followed by a rebound and stabilization at a lower level than the initial year.
- Marketable securities
- Marketable securities were not recorded until early 2023, when they appeared at 8.08% of total assets, increasing further to 10.25% in early 2024. This suggests a recent shift toward holding more liquid, marketable investments within the asset structure.
- Receivables, net of allowance
- Receivables as a percentage of total assets experienced moderate fluctuations, rising from 3.32% in 2019 to a peak of 5.03% in 2020, then declining and stabilizing between approximately 3.36% and 4.94% over the subsequent years. This reflects some variability but no strong clear trend in accounts receivable management as related to asset levels.
- Merchandise inventories, net
- Inventories consistently represented a significant portion of total assets, decreasing from 30.92% in 2019 to a low of 21.93% in 2023 before slightly increasing again to 23.35% in 2024. The decline over the period might indicate improved inventory turnover or changes in inventory management strategy.
- Prepaid expenses and other current assets
- This category displayed volatility, rising sharply from 2.93% in 2019 to 13.54% in 2021, then dropping to 1.9% in 2024. Such fluctuations suggest episodic changes or reclassifications in prepaid items or other current asset components.
- Assets held-for-sale
- The only recorded presence was a small amount (0.42%) in 2020. The absence in other periods may indicate the company did not consistently classify other assets as held-for-sale, or this was a one-time occurrence.
- Current assets
- Current assets as a percentage of total assets declined sharply from 77.34% in 2019 to 57.94% in 2020, then recovered to approximately 74% in 2022 and 2023, slightly decreasing to 72.88% in 2024. This pattern illustrates a significant restructuring or change in asset allocation between current and noncurrent assets, with a return toward a higher current asset mix after 2020.
- Property and equipment, net of accumulated depreciation
- The allocation to property and equipment decreased steadily from 7.94% in 2019 to 3.5% in 2024. This decline may reflect asset disposals, lower capital expenditures, or accelerated depreciation policies.
- Operating lease right-of-use assets
- This asset category was introduced in 2020 at 27.20%, representing a substantial portion of total assets, then declined to 16.76% in 2022 and gradually increased to 20.52% in 2024. This pattern reflects changes in lease accounting and possibly lease portfolio adjustments.
- Deferred income taxes
- Deferred income taxes decreased from 3.64% in 2019 to 0.47% in 2022, with a slight increase afterward to 0.64% in 2024. This downward trend suggests reduced recognition of deferred tax assets or liabilities during the period.
- Goodwill
- Goodwill was reported only in 2019 at 9%, with no values in subsequent years. This may indicate impairment, sale, or reclassification of goodwill assets after that date.
- Other noncurrent assets
- Other noncurrent assets remained relatively stable, fluctuating mildly between 2.08% and 3.83% over the years, showing no major shifts in this asset category's proportion.
- Noncurrent assets
- Noncurrent assets increased substantially from 22.66% in 2019 to 42.06% in 2020, then decreased steadily to around 25-27% from 2022 to 2024. This likely reflects the impact of new lease accounting standards around 2020, followed by normalization in subsequent years.
- Total assets
- Total assets are consistently presented as 100% across all periods, serving as the baseline for the relative analysis of asset components.