EX-12.1 2 d70778exv12w1.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 30,     January 31,     February 2,     February 3,     January 28,  
    2010     2009     2008     2007     2006  
            (Dollars in thousands)                  
Earnings:
                                        
 
                                        
Earnings before income taxes
   $ 588,533     $ 633,951     $ 441,056     $ 254,296     $ 159,922  
Fixed charges
     144,561       135,500       133,026       148,215       65,864  
 
                              
Adjusted earnings
   $ 733,094     $ 769,451     $ 574,082     $ 402,511     $ 225,786  
 
                              
 
                                        
Ratio of earnings to fixed charges
     5.1       5.7       4.3       2.7       3.4  
 
                                        
Fixed Charges:
                                        
Interest expense
   $ 44,429     $ 49,497     $ 60,610     $ 83,722     $ 30,111  
Amortization of issue discount
     925       959       943       940       316  
Interest portion of net rental expense (1)
     99,207       85,044       71,473       63,553       35,437  
 
                              
Total fixed charges
   $ 144,561     $ 135,500     $ 133,026     $ 148,215     $ 65,864  
 
                              
 
(1)   The interest portion of net rental expense is estimated to be equal to 28% of the minimum rental expense for the period.