Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

GameStop Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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	Feb 3, 2018	Oct 28, 2017	Jul 29, 2017	Apr 29, 2017	Jan 28, 2017	Oct 29, 2016	Jul 30, 2016	Apr 30, 2016
Net sales	1,378,400)	2,253,900)	1,296,600)	1,183,400)	1,276,800)	2,122,100)	1,004,700)	942,000)	1,021,000)	2,194,100)	1,438,500)	1,285,700)	1,547,700)	3,063,000)	1,935,400)	1,501,100)	1,785,800)	3,502,500)	1,988,600)	1,687,600)	2,045,900)	3,045,400)	1,959,200)	1,631,800)	1,971,500)
Cost of sales	(1,079,900)	(1,875,700)	(978,000)	(862,500)	(946,700)	(1,673,500)	(728,400)	(689,800)	(738,600)	(1,596,800)	(997,400)	(886,600)	(1,076,500)	(2,314,200)	(1,377,200)	(1,031,100)	(1,254,700)	(2,478,000)	(1,299,200)	(1,063,900)	(1,343,400)	(2,037,500)	(1,251,000)	(1,014,100)	(1,296,000)
Gross profit	298,500)	378,200)	318,600)	320,900)	330,100)	448,600)	276,300)	252,200)	282,400)	597,300)	441,100)	399,100)	471,200)	748,800)	558,200)	470,000)	531,100)	1,024,500)	689,400)	623,700)	702,500)	1,007,900)	708,200)	617,700)	675,500)
Selling, general and administrative expenses	(452,200)	(538,900)	(421,500)	(378,900)	(370,300)	(419,100)	(360,400)	(348,200)	(386,500)	(511,700)	(475,400)	(481,900)	(453,700)	(552,500)	(488,600)	(468,500)	(484,600)	(730,400)	(601,800)	(580,100)	(601,400)	(687,500)	(609,400)	(559,400)	(561,500)
Asset impairments	—)	(6,100)	—)	—)	(600)	(10,700)	—)	(900)	(3,900)	(10,400)	(11,300)	(363,900)	—)	(428,400)	(587,500)	—)	—)	(390,800)	—)	—)	—)	(33,800)	—)	—)	—)
Gain on sale of assets	—)	—)	—)	—)	—)	—)	21,100)	11,300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating earnings (loss)	(153,700)	(166,800)	(102,900)	(58,000)	(40,800)	18,800)	(63,000)	(85,600)	(108,000)	75,200)	(45,600)	(446,700)	17,500)	(232,100)	(517,900)	1,500)	46,500)	(96,700)	87,600)	43,600)	101,100)	286,600)	98,800)	58,300)	114,000)
Interest income	—)	—)	—)	—)	—)	300)	300)	400)	900)	1,400)	2,000)	2,600)	5,300)	3,600)	1,100)	500)	500)	1,100)	200)	—)	200)	300)	—)	300)	200)
Interest expense	(700)	(900)	(800)	(500)	(24,700)	(8,500)	(10,000)	(7,900)	(7,600)	(7,900)	(8,000)	(9,600)	(13,000)	(14,100)	(14,100)	(14,400)	(14,200)	(14,200)	(14,100)	(14,400)	(14,100)	(14,100)	(14,800)	(13,900)	(11,000)
Interest expense, net	(700)	(900)	(800)	(500)	(24,700)	(8,200)	(9,700)	(7,500)	(6,700)	(6,500)	(6,000)	(7,000)	(7,700)	(10,500)	(13,000)	(13,900)	(13,700)	(13,100)	(13,900)	(14,400)	(13,900)	(13,800)	(14,800)	(13,600)	(10,800)
Earnings (loss) from continuing operations before income taxes	(154,400)	(167,700)	(103,700)	(58,500)	(65,500)	10,600)	(72,700)	(93,100)	(114,700)	68,700)	(51,600)	(453,700)	9,800)	(242,600)	(530,900)	(12,400)	32,800)	(109,800)	73,700)	29,200)	87,200)	272,800)	84,000)	44,700)	103,200)
Income tax (expense) benefit	(3,500)	20,200)	(1,700)	(3,100)	(1,300)	69,700)	53,900)	(17,900)	(50,400)	(43,800)	(31,600)	40,100)	(2,300)	(25,900)	24,000)	(27,400)	(12,400)	3,900)	(14,300)	(7,000)	(28,200)	(64,100)	(33,200)	(16,800)	(37,400)
Net income (loss) from continuing operations	(157,900)	(147,500)	(105,400)	(61,600)	(66,800)	80,300)	(18,800)	(111,000)	(165,100)	24,900)	(83,200)	(413,600)	7,500)	(268,500)	(506,900)	(39,800)	20,400)	(105,900)	59,400)	22,200)	59,000)	208,700)	50,800)	27,900)	65,800)
Income (loss) from discontinued operations, net of tax	—)	—)	—)	—)	—)	200)	—)	(300)	(600)	(3,900)	(200)	(1,700)	(700)	80,800)	18,300)	14,900)	7,800)	—)	—)	—)	—)	—)	—)	—)	—)
Net income (loss)	(157,900)	(147,500)	(105,400)	(61,600)	(66,800)	80,500)	(18,800)	(111,300)	(165,700)	21,000)	(83,400)	(415,300)	6,800)	(187,700)	(488,600)	(24,900)	28,200)	(105,900)	59,400)	22,200)	59,000)	208,700)	50,800)	27,900)	65,800)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	GameStop Corp. net sales increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
Operating earnings (loss)	The net result for the period of deducting operating expenses from operating revenues.	GameStop Corp. operating earnings (loss) decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.
Earnings (loss) from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	GameStop Corp. earnings (loss) from continuing operations before income taxes decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	GameStop Corp. net income (loss) decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

GameStop Corp. (NYSE:GME)

Income StatementQuarterly Data

Income Statement
Quarterly Data