GameStop Corp
For the period ended Feb 3, 2024. Filed Mar 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2024
GME$25.43-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in millions)
| Fiscal | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $6.7 | $(313.1) | $(381.3) |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||
| Depreciation and amortization | 56.2 | 61.7 | 77.2 |
| Stock-based compensation expense, net | 22.2 | 40.1 | 30.5 |
| Gain on sale of digital assets | — | (7.2) | — |
| Digital asset impairments | — | 34.0 | — |
| Asset impairments | 4.8 | 2.7 | 6.7 |
| Loss on retirement of debt | — | — | 18.2 |
| Deferred income taxes | (0.1) | (2.6) | (16.3) |
| Loss on disposal of property and equipment, net | 1.5 | 2.5 | 5.4 |
| Other, net | 0.8 | 1.2 | (3.5) |
| Changes in operating assets and liabilities: | |||
| Receivables, net | 65.0 | (16.8) | (38.4) |
| Merchandise inventories, net | 39.9 | 229.6 | (329.6) |
| Prepaid expenses and other assets | 10.4 | (25.2) | (6.5) |
| Prepaid income taxes and income taxes payable | (2.4) | 172.4 | (21.7) |
| Accounts payable and accrued liabilities | (397.7) | (66.2) | 224.4 |
| Operating lease right-of-use assets and lease liabilities | (8.1) | (4.9) | (0.9) |
| Changes in other long-term liabilities | (2.9) | — | 1.5 |
| Net cash flows (used in) provided by operating activities | (203.7) | 108.2 | (434.3) |
| Cash flows from investing activities: | |||
| Capital expenditures | (34.9) | (55.9) | (62.0) |
| Purchases of marketable securities | (326.8) | (276.8) | — |
| Proceeds from maturities and sales of marketable securities | 312.6 | 27.5 | — |
| Proceeds from sale of property and equipment | 13.1 | — | — |
| Proceeds from sale of digital assets | 2.8 | 81.9 | — |
| Other | — | 0.6 | (2.8) |
| Net cash flows used in investing activities | (33.2) | (222.7) | (64.8) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock, net of costs | — | — | 1,672.8 |
| Net repayments of senior notes | — | — | (307.4) |
| Repayments of French term loans | (10.7) | (3.9) | — |
| Repayments of revolver borrowings | — | — | (25.0) |
| Settlement of stock-based awards | (0.9) | (4.0) | (136.8) |
| Payments of financing costs | — | — | (3.0) |
| Net cash flows (used in) provided by financing activities | (11.6) | (7.9) | 1,200.6 |
| Exchange rate effect on cash, cash equivalents and restricted cash | (8.6) | (1.5) | (16.6) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (257.1) | (123.9) | 684.9 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,196.0 | 1,319.9 | 635.0 |
| Cash, cash equivalents and restricted cash at end of period | $938.9 | $1,196.0 | $1,319.9 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
|---|---|---|---|
| Cash received for interest income | $47.9 | $8.2 | $— |
| Cash paid for interest | (3.2) | (2.6) | (18.3) |
| Cash received (paid) for interest, net | $44.7 | $5.6 | $(18.3) |
| Cash paid for income taxes | $(11.2) | $(13.5) | $(21.4) |
| Cash tax refunds received | 3.0 | 176.0 | 4.5 |
| Cash (paid) refunded for income taxes, net | $(8.2) | $162.5 | $(16.9) |
| Cash paid for operating leases | $(270.6) | $(257.7) | $(262.3) |
| Leased assets obtained in exchange for new operating lease liabilities | 263.7 | 242.8 | 205.4 |
| Non-cash investing and financing activities: | |||
| Accruals related to purchases of property and equipment | $0.3 | $1.1 | $9.6 |
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