GameStop Corp., adjustment to net income (loss)

US$ in thousands

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Net income (loss) (as reported)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Add: Net change in unrealized gain (loss) on available-for-sale securities	(100)	(900)	—)	—)	—)	—)
Less: Reclassification of realized (gain) loss on available-for-sale securities included in net income	1,000)	—)	—)	—)	—)	—)
Net income (loss) (adjusted)	7,600)	(314,000)	(381,300)	(215,300)	(470,900)	(673,000)

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GameStop Corp., adjusted profitability ratios

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Net Profit Margin
Reported net profit margin	0.13%	-5.28%	-6.34%	-4.23%	-7.28%	-8.12%
Adjusted net profit margin	0.14%	-5.30%	-6.34%	-4.23%	-7.28%	-8.12%
Return on Equity (ROE)
Reported ROE	0.50%	-23.68%	-23.79%	-49.30%	-77.01%	-50.37%
Adjusted ROE	0.57%	-23.75%	-23.79%	-49.30%	-77.01%	-50.37%
Return on Assets (ROA)
Reported ROA	0.25%	-10.06%	-10.90%	-8.71%	-16.70%	-16.64%
Adjusted ROA	0.28%	-10.09%	-10.90%	-8.71%	-16.70%	-16.64%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	GameStop Corp. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	GameStop Corp. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	GameStop Corp. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

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	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Net sales	5,272,800)	5,927,200)	6,010,700)	5,089,800)	6,466,000)	8,285,300)
Profitability Ratio
Net profit margin¹	0.13%	-5.28%	-6.34%	-4.23%	-7.28%	-8.12%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	7,600)	(314,000)	(381,300)	(215,300)	(470,900)	(673,000)
Net sales	5,272,800)	5,927,200)	6,010,700)	5,089,800)	6,466,000)	8,285,300)
Profitability Ratio
Adjusted net profit margin²	0.14%	-5.30%	-6.34%	-4.23%	-7.28%	-8.12%

2024 Calculations

¹ Net profit margin = 100 × Net income (loss) ÷ Net sales
= 100 × 6,700 ÷ 5,272,800 = 0.13%

² Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net sales
= 100 × 7,600 ÷ 5,272,800 = 0.14%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	GameStop Corp. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Stockholders’ equity	1,338,600)	1,322,300)	1,602,500)	436,700)	611,500)	1,336,200)
Profitability Ratio
ROE¹	0.50%	-23.68%	-23.79%	-49.30%	-77.01%	-50.37%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	7,600)	(314,000)	(381,300)	(215,300)	(470,900)	(673,000)
Stockholders’ equity	1,338,600)	1,322,300)	1,602,500)	436,700)	611,500)	1,336,200)
Profitability Ratio
Adjusted ROE²	0.57%	-23.75%	-23.79%	-49.30%	-77.01%	-50.37%

2024 Calculations

¹ ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 6,700 ÷ 1,338,600 = 0.50%

² Adjusted ROE = 100 × Adjusted net income (loss) ÷ Stockholders’ equity
= 100 × 7,600 ÷ 1,338,600 = 0.57%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	GameStop Corp. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Total assets	2,709,000)	3,113,400)	3,499,300)	2,472,600)	2,819,700)	4,044,300)
Profitability Ratio
ROA¹	0.25%	-10.06%	-10.90%	-8.71%	-16.70%	-16.64%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)	7,600)	(314,000)	(381,300)	(215,300)	(470,900)	(673,000)
Total assets	2,709,000)	3,113,400)	3,499,300)	2,472,600)	2,819,700)	4,044,300)
Profitability Ratio
Adjusted ROA²	0.28%	-10.09%	-10.90%	-8.71%	-16.70%	-16.64%

2024 Calculations

¹ ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 6,700 ÷ 2,709,000 = 0.25%

² Adjusted ROA = 100 × Adjusted net income (loss) ÷ Total assets
= 100 × 7,600 ÷ 2,709,000 = 0.28%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	GameStop Corp. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

GameStop Corp. (NYSE:GME)

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