GameStop Corp.
For the period ended Feb 1, 2025. Filed Mar 25, 2025.
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FY2025 · Filed Mar 25, 2025
GME$25.43-0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in millions)
| Fiscal Year Ended | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $131.3 | $6.7 | $(313.1) |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||
| Depreciation and amortization | 38.9 | 56.2 | 61.7 |
| Stock-based compensation expense, net | 16.4 | 22.2 | 40.1 |
| Gain on sale of digital assets | — | — | (7.2) |
| Digital asset impairments | — | — | 34.0 |
| Asset impairments | 9.7 | 4.8 | 2.7 |
| Deferred income taxes | (1.8) | (0.1) | (2.6) |
| (Gain) loss on disposal of property and equipment, net | (7.1) | 1.5 | 2.5 |
| Other, net | 1.2 | 0.8 | 1.2 |
| Changes in operating assets and liabilities: | |||
| Receivables, net | 28.9 | 65.0 | (16.8) |
| Merchandise inventories, net | 94.5 | 39.9 | 229.6 |
| Prepaid expenses and other assets | 4.9 | 10.4 | (25.2) |
| Prepaid income taxes and income taxes payable | 3.7 | (2.4) | 172.4 |
| Accounts payable and accrued liabilities | (179.5) | (397.7) | (66.2) |
| Operating lease right-of-use assets and lease liabilities | 1.6 | (8.1) | (4.9) |
| Changes in other long-term liabilities | 3.0 | (2.9) | — |
| Net cash flows provided by (used in) operating activities | 145.7 | (203.7) | 108.2 |
| Cash flows from investing activities: | |||
| Capital expenditures | (16.1) | (34.9) | (55.9) |
| Purchases of marketable securities | (61.4) | (326.8) | (276.8) |
| Proceeds from maturities and sales of marketable securities | 316.8 | 312.6 | 27.5 |
| Proceeds from sale of property and equipment | 15.3 | 13.1 | — |
| Proceeds from sale of a business unit | 7.0 | — | — |
| Proceeds from sale of digital assets | — | 2.8 | 81.9 |
| Other | 3.5 | — | 0.6 |
| Net cash flows provided by (used in) investing activities | 265.1 | (33.2) | (222.7) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of shares in at-the-market (ATM) offerings, net of costs | 3,453.8 | — | — |
| Repayments of French term loans | (10.8) | (10.7) | (3.9) |
| Settlement of stock-based awards | — | (0.9) | (4.0) |
| Net cash flows provided by (used in) financing activities | 3,443.0 | (11.6) | (7.9) |
| Exchange rate effect on cash, cash equivalents and restricted cash | (2.9) | (8.6) | (1.5) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 3,850.9 | (257.1) | (123.9) |
| Cash, cash equivalents and restricted cash at beginning of period | 938.9 | 1,196.0 | 1,319.9 |
| Cash, cash equivalents and restricted cash at end of period | $4,789.8 | $938.9 | $1,196.0 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
|---|---|---|---|
| Cash received for interest income | $162.9 | $47.9 | $8.2 |
| Cash paid for interest | (1.2) | (3.2) | (2.6) |
| Cash received for interest, net | $161.7 | $44.7 | $5.6 |
| Cash paid for income taxes | $(6.2) | $(11.2) | $(13.5) |
| Cash tax refunds received | 4.4 | 3.0 | 176.0 |
| Cash (paid) refunded for income taxes, net | $(1.8) | $(8.2) | $162.5 |
| Cash paid for operating leases | $(254.0) | $(270.6) | $(257.7) |
| Leased assets obtained in exchange for new operating lease liabilities | 65.8 | 263.7 | 242.8 |
| Non-cash investing and financing activities: | |||
| Accruals related to purchases of property and equipment | $0.2 | $0.3 | $1.1 |
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