Common-Size Income Statement
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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 income statement
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).
- Cost of Sales
- The cost of sales as a percentage of net sales exhibited notable fluctuation over the analyzed periods. Starting at -72.14% in early 2019, it decreased slightly to -70.48% in 2020, followed by a marked increase to -75.25% in 2021. Subsequently, it peaked at -77.58% in 2022 before slightly declining to -76.85% and -75.46% in 2023 and early 2024 respectively. This pattern indicates rising costs relative to sales, particularly from 2020 to 2022, with a mild improvement thereafter.
- Gross Profit
- Gross profit margins declined significantly over the observed intervals. The highest margin was 29.52% in 2020, but it fell to 24.75% in 2021 and reached a low of 22.42% in 2022. There was a modest recovery to 23.15% in 2023 and further improvement to 24.54% in 2024. The data suggests a contraction in gross profit following 2020, partially reversing in the most recent years.
- Selling, General, and Administrative Expenses (SG&A)
- SG&A expenses as a percentage of net sales increased sharply from -24.07% in 2019 to nearly -29.75% in 2020 and 2021, indicating rising operating costs relative to sales during this period. From 2022 onward, these expenses stabilized around -28.4%, before decreasing significantly to -25.11% by early 2024, suggesting more controlled cost management or operational efficiencies in the latest period.
- Asset Impairments
- Asset impairments declined steadily from -12.26% of net sales in 2019 to a negligible -0.05% in 2023, with a minimal increase to -0.09% in 2024. This trend reflects a reduction in write-downs or losses on assets, potentially improving the company's asset quality over time.
- Operating Loss
- The operating loss as a percentage of net sales demonstrated overall improvement. Starting at -8.47% in 2019, it narrowed to -6.18% in 2020 and further to -4.67% in 2021. However, the loss widened slightly in 2022 to -6.13% before decreasing to -5.26% in 2023. The most recent figure in 2024 shows a significant reduction to -0.65%, indicating improved operational performance nearing break-even status.
- Interest Income and Expense
- Interest income exhibited variability, rising from 0.07% in 2019 to 0.17% in 2020, then declining again before increasing sharply to 0.94% in 2024. Interest expense showed a decreasing trend from -0.69% in 2019 to no reported expense in the latest years, improving net interest income status. The net interest income (expense) shifted from a negative position around -0.62% to a positive 0.94% in 2024, signifying better financial income conditions.
- Other Loss, Net
- Other net losses were minimal and only slightly present in 2024 at -0.04%, indicating limited impact from miscellaneous financial activities.
- Income (Loss) Before Income Taxes
- This measure showed progressive improvement, moving from a loss of -9.09% in 2019 to a positive 0.25% in 2024. Losses decreased steadily through the years with minor setbacks, notably in 2022, before transitioning into a slight pre-tax profit by early 2024.
- Income Tax Expense (Benefit), Net
- Tax expense fluctuated between slight negative and positive values, suggesting variability in tax liabilities or benefits year over year. Notably, a tax benefit of 1.09% occurred in 2021, while other years showed minor tax expenses or benefits close to zero, reflecting an inconsistent tax position.
- Net Income (Loss) from Continuing Operations
- Net income from continuing operations improved consistently from -9.59% in 2019 to a near break-even result of 0.13% in 2024. Losses narrowed steadily, with some fluctuations, particularly a deeper loss in 2022, signaling recovery in operational profitability.
- Net Income (Loss)
- The total net income mirrored the pattern of continuing operations, starting with a loss of -8.12% in 2019, worsening slightly in the subsequent years, and improving markedly to a small positive figure by 2024. This indicates that discontinued operations had limited impact, as the overall income trend reflects operational results closely.