EX-12.1 2 d55358exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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  
    February 2,     February 3,     January 28,     January 29,     January 31,  
    2008     2007     2006     2005     2004  
    (Dollars in thousands)  
Earnings:
                                        
Earnings before income taxes
   $ 441,056     $ 254,296     $ 159,922     $ 98,911     $ 105,188  
Fixed charges
     133,026       148,215       65,864       23,565       16,932  
 
                              
Adjusted earnings
   $ 574,082     $ 402,511     $ 225,786     $ 122,476     $ 122,120  
 
                              
 
                                        
Ratio of earnings to fixed charges
     4.3       2.7       3.4       5.2       7.2  
 
                                        
Fixed Charges:
                                        
Interest expense
   $ 60,610     $ 83,722     $ 30,111     $ 2,155     $ 663  
Amortization of issue discount
     943       940       316       —       —  
Interest portion of net rental expense (1)
     71,473       63,553       35,437       21,410       16,269  
 
                              
Total fixed charges
   $ 133,026     $ 148,215     $ 65,864     $ 23,565     $ 16,932  
 
                              
 
(1)   The interest portion of net rental expense is estimated to be equal to 28% of the minimum rental expense for the period.