Income Statement
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.
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2006
- Return on Assets (ROA) since 2006
- Price to Book Value (P/BV) since 2006
- Analysis of Debt
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GameStop Corp., consolidated income statement
US$ in thousands
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).
- Net Sales
- There is a clear downward trend in net sales over the analyzed periods, decreasing from approximately 8.29 billion USD in early 2019 to about 5.27 billion USD in early 2024. The most significant drop occurred between 2019 and 2021, followed by relatively stable but lower sales figures through 2024.
- Cost of Sales
- Cost of sales followed a similar decreasing trend, falling from around 5.98 billion USD in early 2019 to approximately 3.98 billion USD in early 2024. This trend aligns with declining net sales but shows some fluctuation, particularly an increase in costs during 2022 compared to 2021.
- Gross Profit
- Gross profit decreased substantially from 2.31 billion USD in early 2019 to approximately 1.29 billion USD in early 2024. After a sharp decline through 2021, gross profit stabilized somewhat but did not recover to prior levels.
- Selling, General, and Administrative Expenses
- SG&A expenses generally decreased from about 1.99 billion USD in 2019 to approximately 1.32 billion USD in 2024. There was a noticeable reduction in expenses in the most recent period, which may indicate improved cost management or restructuring efforts.
- Asset Impairments
- Asset impairments showed a significant downward trend from over 1 billion USD in 2019 to a relatively minor amount near 4.8 million USD in 2024. The large impairments in earlier years have substantially diminished, indicating fewer non-cash write-downs recently.
- Gain on Sale of Assets
- A one-time gain of approximately 32.4 million USD was recorded in early 2021. No other gains on asset sales were reported in the examined periods.
- Operating Loss
- Operating losses decreased notably from 702 million USD in early 2019 to 34.5 million USD in early 2024, reflecting ongoing efforts to reduce operational deficits. Despite fluctuations, the overall trend shows an improvement in operating performance.
- Interest Income and Expense
- Interest income showed variability, with low levels in early years, a disappearance in 2022, then a marked increase to 49.5 million USD in early 2024. Interest expense decreased steadily until it is no longer reported in 2023 and 2024. This shift resulted in net interest income turning positive to 49.5 million USD in 2024 after consistent net expenses in previous years.
- Other Loss, Net
- A minor other loss amounting to 1.9 million USD was recorded in 2024; no other figures are reported in previous years.
- Income Before Income Taxes
- Income (loss) from continuing operations before income taxes improved from a loss of 753.1 million USD in 2019 to a positive 13.1 million USD in 2024, demonstrating a reversal in profitability.
- Income Tax Expense (Benefit)
- Income tax expenses fluctuated, with moderate negative values in early years turning into a benefit in 2021 and 2022, followed by a return to small expenses in recent years. The variations suggest changes in taxable income and tax planning outcomes.
- Net Income (Loss) from Continuing Operations
- Net income from continuing operations followed a similar pattern to pre-tax income, with losses declining from 794.8 million USD in 2019 to near break-even with a slight profit of 6.7 million USD in 2024.
- Income (Loss) from Discontinued Operations
- There was income from discontinued operations only in 2019 (122 million USD) and a small loss in 2020; no further data was reported, suggesting divestiture or completion of those activities.
- Net Income (Loss)
- Overall net income figures mirror the continuing operations results, moving from large net losses of approximately 673 million USD in 2019 towards a slight profit of 6.7 million USD in 2024, indicating improvement in overall profitability despite persistent challenges in earlier years.