EX-12.1 2 d66430exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
 
GAMESTOP CORP.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Fiscal Year
 		    Fiscal Year
 		    Fiscal Year
 		    Fiscal Year
 		    Fiscal Year
 		 
    Ended
 		    Ended
 		    Ended
 		    Ended
 		    Ended
 		 
    January 31,
 		    February 2,
 		    February 3,
 		    January 28,
 		    January 29,
 		 
    2009     2008     2007     2006     2005  
    (Dollars in thousands)  
 
Earnings:
                                       
Earnings before income taxes
  $ 633,951     $ 441,056     $ 254,296     $ 159,922     $ 98,911  
Fixed charges
    135,500       133,026       148,215       65,864       23,565  
                                         
Adjusted earnings
  $ 769,451     $ 574,082     $ 402,511     $ 225,786     $ 122,476  
                                         
Ratio of earnings to fixed charges
    5.7       4.3       2.7       3.4       5.2  
Fixed Charges:
                                       
Interest expense
  $ 49,497     $ 60,610     $ 83,722     $ 30,111     $ 2,155  
Amortization of issue discount
    959       943       940       316       —  
Interest portion of net rental expense(1)
    85,044       71,473       63,553       35,437       21,410  
                                         
Total fixed charges
  $ 135,500     $ 133,026     $ 148,215     $ 65,864     $ 23,565  
                                         
 
 
(1) The interest portion of net rental expense is estimated to be equal to 28% of the minimum rental expense for the period.