Ongoing Project Model:Gamestop (GME) ●The magnitude of the investments for GameStop is pretty small, and it hasn't changed much over time. They have capital expenditures, intangible assets, acquisition, divestitures, short-term and long-term investments and other. Most investments come from Acquisitions and Divestitures and other activities. ●GameStop holds debt investments as they provide negative cash flows. ●GameStop's 10-K discusses plans for expansion that would require cash. They plan on continuing investment in expanding their product offering to relevant categories for their customers, including becoming a leader in PC gaming, virtual reality, and other gaming products. GameStop also plans on investing in new growth opportunities such as blockchain, digital assets (NFTs), Web 3.0 technology, and new destination formats for their stores. As of 2022, they already entered partnerships with Immutable X Pty Limited and Digital Worlds NFTs Ltd. GameStop have various intercorporate equity investments. They have invested $64.8M during FY 2021 in technology and fulfillment centers. Plus, they invest in market expansion to North American. In 2021, GameStop announced their expansion of North American fulfillment network through the lease of facilities in Reno, Nevada and York, Pennsylvania. GameStop also invests in money market investment funds holding direct U.S. Treasury Obligations.
During 2008, GameStop has bought Micromania SAS in France for $580.4M with the intention to expand into Europe markets. However, there is no record of profit from their French subsidiary in their 10K FY 2022. There have been changes with new investments or disposals of assets during the year. There was a gain in assets. During 2020 the corporate headquarters, a refurbishment center, and ancillary office space were sold in Grapevine, Texas, for a total of 43.7 million. The sale of the Australian headquarters in Eagle Farm Queensland for 27 million and the Canadian headquarters in Brampton Ontario for 16.7 million. The net proceeds were used for general corporate purposes for the transactions that occurred in the year 2020 from the gain of assets recognized and included in the consolidated statement of operations. (2022 10k Gain Sale of Assets pg. 23) The 10k does not mention equity method investments. GameStop controls its French subsidiary Macromania (2022 10K). In 2021 10K Spring Mobile business was distinguished as a discontinued operation from the statement of operations presented. GameStop lists the following as their Subsidiaries: ELBO Inc., a Delaware corporation, is a wholly-owned subsidiary of GameStop Corp. EB International Holdings, Inc., a Delaware corporation, is a wholly-owned subsidiary of ELBO, Inc.
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Geeknet, Inc., a Delaware corporation, is a wholly-owned subsidiary of GameStop Corp. GameStop, Inc., a Minnesota corporation, is a wholly-owned subsidiary of GameStop Corp. Sunrise Publications, Inc., a Minnesota corporation, is a wholly-owned subsidiary of GameStop, Inc. GME Entertainment, LLC, a Delaware limited liability company, is a wholly-owned subsidiary of GameStop, Inc. GameStop Texas Ltd., a Delaware corporation, is a wholly-owned subsidiary of GameStop, Inc. SOCOM LLC, a Delaware limited liability company, is a wholly-owned subsidiary of GameStop Texas Ltd. GS Mobile, Inc., a Delaware corporation, is a wholly-owned subsidiary of GameStop Corp. Marketing Control Services, Inc., a Virginia corporation, is a wholly-owned subsidiary of GameStop Corp. Nordic Bear Holdings Limited, an Irish company, is a wholly-owned subsidiary of EB International Holdings, Inc. GameStop Limited, an Irish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Global Holdings S.à r.l., a Luxembourg company, is a wholly-owned subsidiary of EB International Holdings, Inc. Electronics Boutique Australia Pty. Limited, an Australian company, is a wholly-owned subsidiary of GameStop Global Holdings S.à r.l. Electronics Boutique Canada Inc., a Canadian corporation, is a wholly-owned subsidiary of GameStop Global Holdings S.à r.l. GameStop Europe Holdings S.à r.l., a Luxembourg company, is a wholly-owned subsidiary of GameStop Global Holdings S.à r.l. Micromania GameStop SAS, a French company, is a wholly-owned subsidiary of GameStop Global Holdings S.à r.l. Micromania Group SAS, a French company, is a wholly-owned subsidiary of Micromania GameStop SAS. Micromania SAS, a French company, is a wholly-owned subsidiary of Micromania Group SAS. GameStop Europe Services Limited, an Irish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Deutschland GmbH, a German company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Italy S.r.l., an Italian company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Denmark ApS, a Danish private company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Sweden AB, a Swedish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Schweiz GmbH, a Swiss company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Austria GmbH, an Austrian company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Oy, a Finnish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Norway AS, a Norwegian private company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. Polarford Limited, an Irish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l. GameStop Service Holdings, LLC, a Delaware limited liability company, is a wholly-owned subsidiary of GameStop, Inc. GameStop Service Company, LLC, a Delaware limited liability company, is a wholly-owned subsidiary of GameStop Service Holdings, LLC GameStop Iberia S.L., a Spanish company, is a wholly-owned subsidiary of GameStop Europe Holdings S.à r.l.
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