Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

GameStop Corp., balance sheet: property, plant and equipment

US$ in thousands

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Land	—)	600)	4,200)	4,600)	18,000)	18,700)
Buildings and leasehold improvements	384,100)	437,300)	457,800)	496,600)	611,800)	638,200)
Fixtures and equipment	332,100)	380,100)	431,200)	817,700)	836,200)	900,200)
Software and hardware	224,500)	306,300)	291,200)	—)	—)	—)
Construction-in-progress	5,400)	19,000)	9,000)	—)	—)	—)
Property and equipment, gross	946,100)	1,143,300)	1,193,400)	1,318,900)	1,466,000)	1,557,100)
Accumulated depreciation	(851,200)	(1,006,800)	(1,029,800)	(1,117,700)	(1,190,100)	(1,235,800)
Property and equipment, net	94,900)	136,500)	163,600)	201,200)	275,900)	321,300)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

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Item	Description	The company
Property and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	GameStop Corp. property and equipment, gross decreased from 2022 to 2023 and from 2023 to 2024.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	GameStop Corp. property and equipment, net decreased from 2022 to 2023 and from 2023 to 2024.

GameStop Corp., asset age ratios

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Average age ratio	89.97%	88.11%	86.60%	85.04%	82.19%	80.33%
Estimated total useful life (years)	17	19	16	17	16	16
Estimated age, time elapsed since purchase (years)	15	17	14	15	13	13
Estimated remaining life (years)	2	2	2	3	3	3

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	GameStop Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2022 to 2023 and from 2023 to 2024.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	GameStop Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	GameStop Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Estimated remaining life		GameStop Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Selected Financial Data (US$ in thousands)
Accumulated depreciation	851,200)	1,006,800)	1,029,800)	1,117,700)	1,190,100)	1,235,800)
Property and equipment, gross	946,100)	1,143,300)	1,193,400)	1,318,900)	1,466,000)	1,557,100)
Land	—)	600)	4,200)	4,600)	18,000)	18,700)
Asset Age Ratio
Average age¹	89.97%	88.11%	86.60%	85.04%	82.19%	80.33%

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

2024 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property and equipment, gross – Land)
= 100 × 851,200 ÷ (946,100 – 0) = 89.97%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	GameStop Corp. average age ratio of depreciable property, plant and equipment deteriorated 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
Selected Financial Data (US$ in thousands)
Property and equipment, gross	946,100)	1,143,300)	1,193,400)	1,318,900)	1,466,000)	1,557,100)
Land	—)	600)	4,200)	4,600)	18,000)	18,700)
Depreciation expense	55,300)	60,300)	73,600)	76,800)	90,800)	96,700)
Asset Age Ratio (Years)
Estimated total useful life¹	17	19	16	17	16	16

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

2024 Calculations

¹ Estimated total useful life = (Property and equipment, gross – Land) ÷ Depreciation expense
= (946,100 – 0) ÷ 55,300 = 17

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	GameStop Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Selected Financial Data (US$ in thousands)
Accumulated depreciation	851,200)	1,006,800)	1,029,800)	1,117,700)	1,190,100)	1,235,800)
Depreciation expense	55,300)	60,300)	73,600)	76,800)	90,800)	96,700)
Asset Age Ratio (Years)
Time elapsed since purchase¹	15	17	14	15	13	13

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

2024 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 851,200 ÷ 55,300 = 15

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	GameStop Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Selected Financial Data (US$ in thousands)
Property and equipment, net	94,900)	136,500)	163,600)	201,200)	275,900)	321,300)
Land	—)	600)	4,200)	4,600)	18,000)	18,700)
Depreciation expense	55,300)	60,300)	73,600)	76,800)	90,800)	96,700)
Asset Age Ratio (Years)
Estimated remaining life¹	2	2	2	3	3	3

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

2024 Calculations

¹ Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation expense
= (94,900 – 0) ÷ 55,300 = 2

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Asset age ratio	Description	The company
Estimated remaining life		GameStop Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

GameStop Corp. (NYSE:GME)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life