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Stock Analysis on Net

GameStop Corp. (NYSE:GME)

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

GameStop Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable 10.93 11.96 25.83 13.48 18.29 17.06 26.74 7.77 12.38 13.46 18.91 11.55 15.16 13.82 16.92 10.79 8.59 13.50 22.57 12.33 12.62 26.01 31.20 12.51 12.71
Accrued liabilities and other current liabilities 14.58 15.21 13.53 17.39 17.80 19.35 15.18 18.29 17.06 19.12 16.17 15.88 21.92 25.35 25.14 24.45 20.49 21.90 19.87 19.87 16.21 19.29 15.05 16.68 15.00
Current portion of operating lease liabilities 6.87 6.93 6.00 6.95 6.54 6.25 5.60 6.93 6.41 6.02 5.63 6.25 8.56 9.20 8.18 9.21 10.10 8.49 7.58 8.04 6.88 0.00 0.00 0.00 0.00
Current portion of long-term debt 0.42 0.40 0.33 0.39 0.36 0.35 0.30 0.32 0.21 0.12 0.04 0.00 1.88 4.92 9.40 9.32 16.90 0.00 0.00 0.00 0.00 8.63 7.49 0.00 0.00
Borrowings under revolving line of credit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.01 0.96 1.47 5.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.49 0.00 0.00 1.17 0.95 0.83
Current liabilities 32.79% 34.50% 45.69% 38.21% 42.98% 43.01% 47.82% 33.31% 36.06% 38.71% 40.76% 33.68% 47.52% 54.30% 60.61% 55.25% 61.55% 43.89% 50.02% 40.72% 35.71% 53.93% 54.90% 30.14% 28.54%
Long-term debt, excluding current portion 0.58 0.65 0.64 0.84 0.86 0.92 0.87 1.15 1.14 1.16 1.19 1.34 0.00 8.74 8.30 9.09 0.00 14.89 13.33 14.03 12.91 11.66 10.12 19.13 19.00
Operating lease liabilities, excluding current portion 14.89 14.27 12.55 14.47 13.44 12.28 10.52 13.12 11.98 11.25 10.89 12.18 17.36 18.47 17.56 20.02 20.00 18.77 16.42 17.53 15.21 0.00 0.00 0.00 0.00
Other long-term liabilities 1.21 1.17 1.00 1.28 1.31 1.31 3.32 4.43 4.41 3.08 0.51 0.56 0.79 0.83 0.76 0.81 0.83 0.76 0.61 0.62 0.63 1.37 1.37 1.59 1.78
Long-term liabilities 16.68% 16.09% 14.18% 16.59% 15.60% 14.52% 14.71% 18.70% 17.53% 15.49% 12.59% 14.09% 18.16% 28.04% 26.62% 29.92% 20.83% 34.42% 30.36% 32.18% 28.74% 13.03% 11.49% 20.72% 20.78%
Total liabilities 49.47% 50.59% 59.87% 54.80% 58.58% 57.53% 62.53% 52.01% 53.59% 54.21% 53.35% 47.77% 65.68% 82.34% 87.23% 85.17% 82.38% 78.31% 80.38% 72.90% 64.45% 66.96% 66.39% 50.86% 49.32%
Class A common stock, $.001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 63.21 60.35 51.72 57.82 52.81 51.83 48.35 56.92 50.79 45.08 41.68 44.04 20.23 0.44 0.20 0.12 0.05 0.00 0.00 0.00 0.80 0.68 0.64 0.64 0.59
Accumulated other comprehensive loss -3.21 -3.09 -2.83 -2.90 -2.60 -2.31 -2.82 -2.75 -2.32 -1.96 -1.44 -1.59 -1.84 -1.99 -2.59 -2.69 -3.68 -2.79 -2.27 -2.51 -1.88 -1.34 -1.16 -0.94 -0.53
Retained earnings (loss) -9.47 -7.86 -8.77 -9.73 -8.79 -7.05 -8.06 -6.18 -2.06 2.67 6.41 9.77 15.92 19.21 15.16 17.40 21.24 24.48 21.89 29.61 36.63 33.69 34.13 49.43 50.62
Stockholders’ equity 50.53% 49.41% 40.13% 45.20% 41.42% 42.47% 37.47% 47.99% 46.41% 45.79% 46.65% 52.23% 34.32% 17.66% 12.77% 14.83% 17.62% 21.69% 19.62% 27.10% 35.55% 33.04% 33.61% 49.14% 50.68%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The capital structure exhibits a profound transformation from a debt-reliant model to one dominated by equity financing. Total liabilities peaked at 87.23% of the total balance sheet in October 2020 before trending downward to 49.47% by May 2024. Conversely, stockholders' equity, which reached a low of 12.77% in October 2020, recovered and stabilized at approximately 50.53% by the end of the observed period.

Equity Financing and Capital Contributions
A significant shift in the equity composition is evident starting in May 2021. Additional paid-in capital surged from 0.44% in January 2021 to 63.21% by May 2024. This indicates that the increase in total stockholders' equity was driven by aggressive capital raises rather than retained earnings.
Debt Reduction and Deleveraging
Long-term debt, excluding the current portion, has been systematically eliminated. From a high of 19.13% in August 2018, this figure declined to 0.58% by May 2024. The current portion of long-term debt followed a similar trajectory, dropping from a peak of 16.90% in May 2020 to 0.42% in May 2024, signaling a near-total removal of traditional long-term borrowing from the balance sheet.
Retained Earnings and Operational Performance
A consistent downward trend is observed in retained earnings. This item transitioned from a positive 50.62% in May 2018 to a deficit, first crossing into negative territory in April 2022 (-2.06%) and reaching -9.47% by May 2024. This progression reflects accumulated operational losses over the analyzed timeframe.
Current Liability Volatility
Current liabilities experienced extreme volatility, peaking at 61.55% in May 2020. While they have since declined to 32.79% by May 2024, accounts payable and accrued liabilities continue to fluctuate. Accounts payable, in particular, showed significant spikes, such as 31.20% in November 2018 and 26.74% in October 2022, suggesting periodic shifts in supplier payment cycles.
Lease Obligations
Operating lease liabilities became a permanent fixture of the balance sheet following May 2019. The combined current and non-current portions of these liabilities have remained relatively stable, generally representing between 20% and 28% of the total liabilities and stockholders' equity, establishing leases as a primary remaining long-term obligation.

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