Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

GameStop Corp., consolidated balance sheet: assets

US$ in thousands

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Cash and cash equivalents	1,271,400)	508,500)	499,400)	1,624,400)	864,400)	669,400)
Restricted cash	33,100)	110,000)	300)	—)	—)	—)
Receivables, net of allowances	141,100)	105,300)	141,900)	134,200)	182,700)	220,900)
Merchandise inventories	915,000)	602,500)	859,700)	1,250,500)	1,366,700)	1,121,500)
Prepaid expenses and other current assets	238,200)	224,900)	120,600)	118,600)	124,900)	128,900)
Assets held-for-sale	—)	—)	11,800)	—)	—)	—)
Current assets	2,598,800)	1,551,200)	1,633,700)	3,127,700)	2,538,700)	2,140,700)
Property and equipment, net	163,600)	201,200)	275,900)	321,300)	433,200)	471,000)
Operating lease right-of-use assets	586,600)	662,100)	767,000)	—)	—)	—)
Deferred income taxes	16,300)	—)	83,000)	147,300)	158,200)	59,000)
Long-term restricted cash	15,400)	16,500)	13,800)	—)	—)	—)
Goodwill	—)	—)	—)	363,900)	1,667,300)	1,725,200)
Other noncurrent assets	118,600)	41,600)	46,300)	84,100)	244,200)	580,000)
Noncurrent assets	900,500)	921,400)	1,186,000)	916,600)	2,502,900)	2,835,200)
Total assets	3,499,300)	2,472,600)	2,819,700)	4,044,300)	5,041,600)	4,975,900)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	GameStop Corp. current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	GameStop Corp. property and equipment, net decreased from 2020 to 2021 and from 2021 to 2022.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	GameStop Corp. noncurrent assets decreased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	GameStop Corp. total assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	GameStop Corp. cash and cash equivalents increased from 2020 to 2021 and from 2021 to 2022.
Receivables, net of allowances	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	GameStop Corp. receivables, net of allowances decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Merchandise inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	GameStop Corp. merchandise inventories decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

GameStop Corp. (NYSE:GME)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items