EX-12.1 2 d80233exv12w1.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 29,
 		    January 30,
 		    January 31,
 		    February 2,
 		    February 3,
 		 
    2011     2010     2009     2008     2007  
    (Dollars in millions)  
 
Earnings:
                                       
Earnings before income taxes
  $ 621.4     $ 588.5     $ 634.0     $ 441.1     $ 254.3  
Fixed charges
    140.9       144.6       135.5       133.0       148.2  
                                         
Adjusted earnings
  $ 762.3     $ 733.1     $ 769.5     $ 574.1     $ 402.5  
                                         
Ratio of earnings to fixed charges
    5.4       5.1       5.7       4.3       2.7  
Fixed Charges:
                                       
Interest expense
  $ 36.2     $ 44.5     $ 49.4     $ 60.6     $ 83.7  
Amortization of issue discount
    0.8       0.9       1.0       0.9       0.9  
Interest portion of net rental expense(1)
    103.9       99.2       85.1       71.5       63.6  
                                         
Total fixed charges
  $ 140.9     $ 144.6     $ 135.5     $ 133.0     $ 148.2  
                                         
 
 
(1) The interest portion of net rental expense is estimated to be equal to 28% of the minimum rental expense for the period.