2018 ANNUAL REP
O
R
T
Letter To Our Shareholders
st year proved to be a pivotal one for GameStop.
This past
be a pivotal one for Game
at underscored our commitment to creating
A year that
ur commitment to creatin
alue, began with a comprehensive review of
shareholder valu
comprehensive review of
ncial alternatives leadi
strategic and financi
ading to the sale of our
on, and ended with t
Spring Mobile division,
h the appointment
of George Sherman, a retail veteran, as CEO
of George Sherman, a ret
CEO. Under his
leadership, we will refine our strategic directio
dership, we will refine our
tion for the
future and position the company to drive sustainable g
nd position the company to
e growth
and profitability for our shareholders.
bility for our shareholders.
With the significant value realized through the sale of
ficant value realized thro
f
Spring Mobile, we enhanced our balance sheet, reduced
enhanced our balance sh
our leverage through the early retirement of $350 million
our
the early retirement of $3
utstanding notes and increased flexibility with respect
of outs
increased flexibility with re
e capital allocation opportunities. Additionally, we
to future
pportunities. Additionally,
t we are now better positioned to renew our focus
believe that w
sitioned to renew our focus
obal video game and c
on our core glob
d collectibles business
der value.
and drive sharehold
, we will continue to
As we move forward, w
o demonstrate
ail brands
that our family of retail
— GameStop
op, EB Games,
Geek and Zing Pop Cu
Micromania, ThinkGe
Culture — are the
tinations for all of ou
preferred destin
our customers’ video
lectibles and entertainm
gaming, collec
nment needs.
e committed to ensuring that GameStop continues
We are c
ring that GameStop contin
be an integral part of the video game industry. Just as
to be
the video game industry.
we have done in the past, we will continue to provide our
we
past, we will continue to p
passionate and loyal customers access to the best products
yal customers access to the
and customer service, today and into the future, especially
service, today and into the
y
as the video game industry continues to evolve. We a
eo game industry continue
are
expanding our presence in the eSports arena th
ng our presence in the
through
several strategic partnerships with major eSpor
eral strategic partnerships
orts teams
and other organizations in the space, including
and other organizations in t
ng the recently
p Performance Center
announced GameStop P
er in Frisco, Texas.
meStop Performance
We expect the Game
ce Center to serve as
nd for gaming clinics and become one of the
a training ground
s and become one of the
blic headquarters where gamers can unite and
premier publi
where gamers can unite an
heir passions for eSports and celebrate their love
share thei
Sports and celebrate their
video games. We will collaborate with the best in the
for vid
will collaborate with the be
ndustry to create and distribute original content to help
ind
and distribute original con
amateur gamers gain access to exclusive materials and
s gain access to exclusive
ntial activities as we support gamers of all skill
experientia
nwide.
levels nationw
itiatives within the eSports space are
Our exciting initi
some of the many exciting initiatives
epresentative of som
rep
opment and designed to improve
are under developm
that a
e in the future. In 2018, we
ancial performance
our finan
free cash flow and ended
$233 million in fre
generated $
h on the balance sheet
$1.6 billion in cash
the year with $1
nds to shareholders.
7 million in dividends
after paying $157 m
ts, we fell short
hese achievements,
However, despite the
year and are
of our operational goals coming into the ye
of our operational goals c
ng forward
committed to improving our performance going
mmitted to improving our p
nforcing
to deliver solid returns for shareholders. Reinfo
ver solid returns for sha
ced
our commitment to this objective, in 2019 we announce
tment to this objective, in
an operating profit improvement initiative to identify
profit improvement initia
eciencies and other opportunities in our operations to
e
other opportunities in our
hance our financial performance in the future.
enha
performance in the future.
ntinue our global efforts to give back to the
We cont
l efforts to give back to
unities we serve by investing in unique corporate
commun
by investing in unique cor
cial responsibility programs that focus on using the
socia
programs that focus on
power of gaming for good. This past year, our associates
p
for good. This past year, o
around the world raised more than $4.2 million in financial
rld raised more than $4.2 m
Stop
contributions and in-kind donations through our GameSto
ns and in-kind donations th
tivities,
Gives program and other charity fundraising activ
program and other charity
Starlight
supporting such philanthropic partners as
porting such philanthrop
A-Wish in the
Children’s Foundation in Australia, Make-A-W
Children’s Foundation in A
orthern European
hroughout our North
U.S., Canada, and thro
work, Autism Speaks
dren’s Miracle Netwo
locations, the Childr
wment.
s Call of Duty Endowm
and Activision’s C
want to thank you, on behalf
ur stakeholders, I wa
To all of our
ciates around the world, for your
he GameStop associa
of all the
during a significant time in our history
ience and support dur
patien
sform the company for the future.
as we begin to transfo
as
S
incerely
,
D
aniel A. DeMatteo
E
x
ecut
iv
e
C
h
a
irm
a
n
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[
THI
S
PA
G
E INTENTI
O
NALLY LEFT BLANK]
GameStop, EB Games, Electronics Boutique, Game Informer magazine, Micromania, GameTrust, Simply Mac, ThinkGeek, Zing Pop
Culture, PowerUp Rewards and “Power to the Players“ are trademarks of GameStop, or one of its wholly
owned subsidiaries.
Corporate Information
Daniel A. DeMatteo
Executive Chairman
GameStop
George E. Sherman
Chief Executive Ocer
GameStop
Jerome L. Davis
Executive Vice President and
Chief Revenue Ocer
Metropolitan Washington
Airports Authority
Lizabeth Dunn
Chief Executive Ocer
Pro4ma, Inc
Raul J. Fernandez
Vice Chairman
Monumental Sports &
Entertainment
Thomas N. Kelly Jr.
Former Chief Operating
Ocer
Nextel Corporation
Shane S. Kim
Former Corporate Vice
President
Microsoft Corporation
Steven R. Koonin
Chief Executive Ocer
The Atlanta Hawks
BO
ECTORS
George E. Sherman
Chief Executive Ocer
Robert A. Lloyd
Executive Vice President,
Chief Operating Ocer and
Chief Financial Ocer
Daniel J. Kaufman
Executive Vice President,
Chief Transformation Ocer
EXE
CU
TIVE
O
FFI
C
ER
S
Corporate Oce
625 Westport Parkway
Grapevine, TX 76051
817.424.2000
www.GameStop.com
Auditors
Deloitte & Touche, LLP
Dallas, TX
Annual Meeting
The Annual Meeting of
Shareholders will be held
on Tuesday, June 25, 2019,
at 1:00 p.m CT at the Hilton
Hotel, 1400 Plaza Place,
Southlake, Texas 76092.
Transfer Agent and Registrar
Computershare
P.O. Box 30170
College Station, TX 77842-2170
800.522.6645
www.computershare.com
Legal Counsel
Pepper Hamilton, LLP
Philadelphia, PA
Listed on the New York Stock
Exchange
Symbol: GME
Ocer Certifications
The Company’s Chief Executive
Ocer has submitted to the New
York Stock Exchange the annual
certification required by Section
303A.12(a) of the NYSE Company
Manual. Our Annual Report on
Form 10-K filed with the SEC is
included herein, excluding all
exhibits other than our Sarbanes-
Oxley Act Section 302 and 906
certifications by the CEO and
CFO. Copies of exhibits to our
Annual Report on Form 10-K and
other corporate governance
documents are available without
charge upon request.
NFORMATION
SHAREHOLDER INF
Gerald R. Szczepanski
Former Chairman
Gadzooks
Carrie W. Tener
Interim Executive Chair
ascena retail group, inc.
Kathy P. Vrabeck
Senior Client Partner
Consumer Markets
Korn Ferry
Lawrence S. Zilavy
LR Enterprises
Management, LLC
Corporate Oce / 625 Westport Parkway / Grapevine, TX 76051 / 817.424.2000 / www.GameStop.com
