v3.20.1
Segment Information
12 Months Ended
Feb. 01, 2020
Segment Reporting [Abstract]  
Segment Information
16.    Segment Information
We operate our business in four geographic segments: United States, Canada, Australia and Europe. We identify segments based on a combination of geographic areas and management responsibility. Segment results for the United States include retail operations in 50 states and Guam; our e-commerce website www.gamestop.com; Game Informer magazine; Simply Mac, which we sold in September 2019; and Kongregate, a web and mobile gaming platform which we sold in July 2017. The United States segment also includes general and administrative expenses related to our corporate headquarters in Grapevine, Texas. Segment results for Canada include retail and e-commerce operations in Canada and segment results for Australia include retail and e-commerce operations in Australia and New Zealand. Segment results for Europe include retail and e-commerce operations in 10 European countries. We measure segment profit using operating earnings, which is defined as income from continuing operations before intercompany royalty fees, net interest expense and income taxes. Transactions between reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. There were no material intersegment sales during fiscal 2019, 2018 and 2017. Information on total assets by segment is not disclosed as such information is not used by our chief operating decision maker to evaluate segment performance or to allocate resources and capital. Segment information for fiscal 2019, 2018 and 2017 is as follows (in millions):
 
 
United
States
 
Canada
 
Australia
 
Europe
 
Total
As of and for the Fiscal Year Ended February 1, 2020
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
4,497.7

 
$
344.2

 
$
525.4

 
$
1,098.7

 
$
6,466.0

Operating (loss) earnings
 
(343.9
)
 
(14.9
)
 
9.4

 
(50.2
)
 
(399.6
)
Depreciation and amortization
 
57.8

 
3.8

 
8.9

 
24.7

 
95.2

Goodwill impairments
 
363.9

 

 

 

 
363.9

Asset impairments
 
12.8

 
0.4

 
0.2

 
8.3

 
21.7

Capital expenditures
 
56.8

 
4.2

 
4.5

 
13.0

 
78.5

Property and equipment, net
 
164.9

 
17.0

 
32.5

 
61.5

 
275.9

 
 
 
 
 
 
 
 
 
 
 
As of and for the Fiscal Year Ended February 2, 2019
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
5,800.2

 
$
434.5

 
$
645.4

 
$
1,405.2

 
$
8,285.3

Operating loss
 
(533.9
)
 
(19.3
)
 
(46.5
)
 
(102.3
)
 
(702.0
)
Depreciation and amortization
 
67.1

 
3.7

 
9.8

 
25.0

 
105.6

Goodwill impairments
 
795.6

 
28.8

 
66.4

 
79.9

 
970.7

Asset impairments
 
12.5

 

 
0.2

 
32.5

 
45.2

Capital expenditures
 
51.5

 
4.4

 
10.5

 
19.8

 
86.2

Property and equipment, net
 
188.7

 
17.1

 
40.6

 
74.9

 
321.3

 
 
 
 
 
 
 
 
 
 
 
As of and for the Fiscal Year Ended February 3, 2018
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
5,876.0

 
$
434.9

 
$
702.2

 
$
1,534.0

 
$
8,547.1

Operating earnings
 
332.8

 
18.5

 
34.9

 
53.0

 
439.2

Depreciation and amortization
 
81.6

 
3.9

 
10.4

 
26.4

 
122.3

Asset impairments
 
12.3

 

 
0.3

 
1.2

 
13.8

Capital expenditures
 
61.5

 
4.3

 
10.1

 
15.3

 
91.2

Property and equipment, net
 
207.6

 
17.4

 
44.2

 
81.8

 
351.0


A reconciliation of the total capital expenditures of our reportable segments to the total capital expenditures presented in our consolidated statement of cash flows is as follows (in millions):
 
 
Fiscal Year
 
 
2019
 
2018
 
2017
Total segment capital expenditures
 
$
78.5

 
$
86.2

 
$
91.2

Discontinued operations
 

 
7.5

 
22.2

Total capital expenditures
 
$
78.5

 
$
93.7

 
$
113.4