2021.12.09 01:45 xMiNiGAWD When comms are nonexistent Violet asks her Grandpa for some advice
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2021.12.09 01:45 afghanews بیبرنامه گی حکومت بریتانیا در روند تخلیه افغانهای آسیب پذیر از افغانستان
آریانانیوز: وزارت امور خارجه بریتانیا به دلیل عدم مدیریت درست در روند تخلیه صدها شهروند بریتانیایی و افغانهای آسیب پذیری که قرار بود از افغانستان خارج شوند، زیر انتقادات شدید قرار دارد…
روزنامه گاردین بریتانیا گزارش داده که صدها شهروند بریتانیایی و افغانهای آسیب پذیری که قرار بود از افغانستان خارج شوند، هنوز گیر مانده اند.
افراد گیر مانده در افغانستان گفته اند که از باقی مانده در افغانستان، ناراحت و نا امید شده اند؛ زیرا آنان فکر میکنند به دام طالبان افتاده اند.
یک مشاور امنیتی پیشین سفارت بریتانیا که تحت قرارداد یک شرکت جهانی استخدام شده بود، گفته است که او هنگام روند تخلیه، نتوانست از میان جمعیت عبور کند و تاهنوز در کابل گیر مانده است.
در گزارش آمده، یک دریور تکسی 47 ساله که برای اولین بار 21 سال پیش به حیث یک مهاجر به بریتانیا نقل مکان کرده بود گفته است: زمانی بسیار به شهروندی بریتانیاییاش افتخار میکرد، اما این غرور در چند ماه گذشته به طور قابل توجهی کمرنگ شده، چرا که او در افغانستان به دام افتاده است.
این درحالی است که وزارت امور خارجه بریتانیا به دلیل عدم مدیریت درست در روند تخلیه زیر انتقادات شدید قرار دارد.
رافایل مارشال یک دپلومات پیشین وزارت امور خارجه بریتانیا، این وزارت را در مورد انتقال باشنده گان افغان پس از تسلط طالبان، به بیبرنامه گی و کوتاهی متهم کرد.
این مقام پیشین وزارت امور خارجه بریتانیا در گواهی کتبی ارایه شده به کمیته روابط خارجی پارلمان این کشور گفته که احتمالا تا 150000 شهروند افغان که به دلیل ارتباط با بریتانیا در معرض خطر قرار داشتند درخواست کردند از افغانستان تخلیه شوند اما به کمتر از 5 فیصد آنان کمک شد.
به گفته او، واضح است که برخی از کسانی که برجا گذاشته شدند تا کنون به دست طالبان به قتل رسیدهاند.
مارشال تاکید کرده که پروگرام تخلیه افغانها با هرج و مرج همراه بود.
پیش از این نیز روند تخلیه دولت بریتانیا مورد انتقاد شدید در داخل این کشور قرار داشت و وزیر امور خارجه پیشین به همین خاطر برکنار شد.
دولت بریتانیا در روند تخلیه از میدان هوایی کابل 15000 نفر شامل 5 هزار بریتانیایی 8 هزار افغان و 2هزار طفل افغان را منتقل کرد.
این کشور پس از عملیات تخلیه نیز 3 هزار نفر به شمول افغان را از افغانستان خارج کرده است.
from بیبرنامه گی حکومت بریتانیا در روند تخلیه افغانهای آسیب پذیر از افغانستان
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2021.12.09 01:45 Karleney What is it with ISTP and whiskey?
2021.12.09 01:45 Ready_Ad6145 hope you guys let me know what you think
2021.12.09 01:45 Europhic_cupcake What is the most embarrassing thing that you have ever sent to a group chat accidentally ?
2021.12.09 01:45 afghanews حمله طیارات جنگی ایتلاف سعودی به ولایت صعده یمن
آریانانیوز: در پی حمله طیارات جنگی ایتلاف متجاوز سعودی بالای ساحه بقعة علاف در ولایت صعده در شمال یمن، دست کم سه شهروند یمنی به قتل رسیدند…
طیارات جنگی سعودی، طی چند روز گذشته، حملات هوایی خود را علیه افراد ملکی یمنی در نقاط مختلفی از خاک این کشور خاصتاً صنعاء تشدید کردند.
در همین پیوند، منابع یمنی اخیرا گزارش دادند که در پی حملات تجاوزکارانه ایتلاف سعودی به ولایت تعز ۱۳ فرد ملکی کشته یا زخم برداشتند.
اردوی ملی یمن همواره تأکید کرده است که تا زمان تداوم تجاوزهای ایتلاف سعودی علیه این کشور، عملیاتهای تهاجمی خود را عمق خاک عربستان سعودی و علیه مواضع حساس نظامی این کشور ادامه خواهد داد.
عربستان سعودی در رأس یک ایتلاف عربی و تحت حمایت خارجی ها، از ششم حمل ۱۳۹۴ با ادعای تلاش برای بازگرداندن رییس جمهور مستعفی یمن به قدرت اقدام به تجاوز نظامی به یمن و محاصره زمینی، هوایی و بحری این کشور کرد.
این تجاوز نظامی هیچ کدام از اهداف ایتلاف سعودی را محقق نکرد و فقط با کشته و زخمی شدن دهها هزار یمنی، آواره شدن ملیونها نفر، به بار آمدن خرابی برای زیرساختهای این کشور و گسترش قحطی و گرسنگی و مریضیهای ساری همراه شده است.
from حمله طیارات جنگی ایتلاف سعودی به ولایت صعده یمن
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2021.12.09 01:45 taandum FFVI : Chaotic Memories : Visual Relic List.
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2021.12.09 01:45 catsinbananahats What should I do about this guy?
I'm seeing this guy for the first time in months tomorrow and I honestly don't want to see him or talk to him. He leads this young adult church group and he is 26, I'm 21.
Our last interaction was him patting my bare thigh and asking me if I wanted to meet with him alone later in the week. This would've been something I'd just brushed off if weeks prior to this he didn't tell me that men are natural boundary crossers and women need to make sure they don't go too far.
A part of me is angry and wants everyone to know but another part of me wants to keep the peace so I don't lose the other friendships I have (my friends are his friends and they may turn against me if I tell them).
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2021.12.09 01:45 DecoFuni01 8 Cách trang trí Noel quầy lễ tân khách sạn
8 Cách trang trí Noel quầy lễ tân khách sạn
2021.12.09 01:45 androbuntu Pengertian, sejarah serta kelebihan Linux
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2021.12.09 01:45 jsom25gaming Every single damn time
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2021.12.09 01:45 UmYeahImThatGuy Did two raids, expected nothing of it, may I present ~Druddigorgeous
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2021.12.09 01:45 rougehealy stalking and copying me on social media
I had a relationship with a guy but things didn’t work out and they are bitte spiteful towards me even though we said we would end things on “good terms”. We haven’t had contact in a week now which is surprising because In the past when I’ve tried cutting things off he usually texts a couple days later but this time it’s different. I’ve also been noticing that he copies everything I do on social media. For example, on Twitter if I like a post about a specific topic or hobby he will suddenly have an interest in that as well and like the same posts. And if I tweet something he will tweet something similar minutes later. It’s like I can’t have anything to myself anymore he just has to copy it. He also posts stuff about being happier than ever and being at peace with his life to sort of brag about it. I just feel very weird about it. Why is he stalking me so much if he supposedly has “moved on” and has “emotionally detached” from me.
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2021.12.09 01:45 adilau_ yo art contest
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2021.12.09 01:45 Fenaleigh My repurposed cage plant collection (<50 plants!)
After we got a puppy I had to move my plants out of his reach, which meant away from our 2 windows we have in our apartment. So I took our cage we had for our rat babies and made it cute! The grow lights keep everybody happy and the doors on the cage keeps my puppy out. :)
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2021.12.09 01:45 TypuodyMccriouft SevereRiseGames Is On The Move. Vision To Bring Many Games Under One Token. 1st P2E Launched. Doxed Team, Audit Completed. Token Burn Each Month
Hello Everyone! 👉1 Billion Supply ✅Low Cap Project 💯Doxed Team 🔥Many Burns ✅Early entry 🚀Many Games One Token 🤝 listed at pancake swap & Azbit Exchange 🎮 P2E launched 🛡️Audit Completed https://github.com/Tech-Audit/Smart-Contract-Audits/blob/main/TECHAUDIT_SEVERERISEGAMES.pdf As what we have promised during our last AMA with Sir DexterPlaysPH that we are going to BURN 1M SRGT every month starting the day of NFTale Release Date. We are happy to announce that we have burn 1M SRGT today! Next schedule will be on January 8, 2022. Please be guided! Thanks and Cheers! Good Day. How was your Play to Earn experience with NFTale? We want to hear your feedbacks within your first journey in the world of NFTale. Also, we would like to thank everyone for being a part of the successful launch of our Play to Earn. Your feedbacks and suggestions are much appreciated. https://forms.gle/LMCoeRDikbYDMsNq5 What are you waiting for? Hop in now and try the NFTale. Grab your $SRGT tokens now🥰😊 You can now register your accounts, download the game and play! Note: 📢GOOD NEWS📢 Severe Rise Game logo and token information is updated now in Bsc Scan! You can check SRG in Bsc Scan. Solid SRG! Cheers🥂 🥞 PancakeSwap (V2) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe07f97D3d477e4a067E84c9dD651Ed501D494EAB 👍🏽 Ownership Renounced : https://bscscan.com/token/0xe07f97D3d477e4a067E84c9dD651Ed501D494EAB 🔒 Liquidity locked : https://deeplock.io/lock/0x32CB894080D75419Fa2EE67Bf3C60414C7dd2f82
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2021.12.09 01:45 Safrel Guide to Reading the 10-Q
There are quite a few of you out there who are not accountants and also not financially involved so need an ELI5 explanation of today’s Form 10Q and are wondering why EPS were low this quarter.
I will now attempt an analysis to help you understand.
My qualifications to make this analysis are that I am a licensed CPA in the US. I would prefer not to out myself publicly in this anonymous forum so take this with a grain of fair amount of professional skepticism.
Obviously, we will not be able to compress years of accounting into a ten minute post, so I will gloss over some items. I have access to audit materiality practice aids and have calculated Gamestop’s Materiality to be $14 Million and will try to ignore entries below this threshold. I have also included a brief what-if analysis for a few scenarios to consider if Gamestop is unprofitable because of one-time events, or if its because the business at large is not currently profitable.
Basics: - Skip if familiar with the basic financial statements
The 10-Q is a quarterly filing that GME must make to the SEC. It is unaudited and has not been independently verified as being materially accurate, however for the sake of timely reporting we use it to make decisions on a quarterly basis.
The 10-Q is publicly available on gamestop’s website.
Read the 10-Q along with this post line by line.
The Basic Financial statements are:
The consolidated balance sheets, consisting of all assets and liabilities of all gamestop controlled entities. This lists all assets and liabilities as of October 30, 2021, October 31, 2020, and January 30, 2021.
The consolidated statement of operations, which offers an explanation of the change in assets and liabilities between January 30, 2021 and October 30, 2021. It also offers a comparative view for last year’s Q1 – Q3 results ending October 30, 2020 so that you can determine if they have made any improvements on a cyclical basis. Lastly, it offers a quarterly snapshot for the change in assets and liabilities between August 1, 2021 and October 30, 2021 so you can assess current operations. There is also a comparison of August 1, 2020 and October 30, 2020, so you have a reference point on a cyclical basis.
The consolidated statement of cash flows is used to explain where they are using their cash on hand. It is used to explain purchases and sale of stock certificates, inventory, assets, financing activities, and all manner of cash operations.
Definitions of accounting terms
The balance sheet is all of our resources available to use (assets) and all of our obligations to deliver something, whether that is cash, services, goods, etc. (liabilities) and equity. Equity is everything that is left over if we were to terminate operations as of the balance sheet date that would go back to shareholders.
TYPES OF ASSETS
There are two types of assets, current and non-current. Current assets are anything that can be used within the next sixty or so days to meet our obligations that are due within the next sixty or so days. Non-current assets are things that all of our long-term things that could be sold or otherwise used to meet obligations, but are illiquid and require time to divest from to be of any current use.
Cash and Cash Equivalents - This is cash on hand, essentially. Anything available in a bank account that they have ownership of.
Restricted cash – This is cash that is on hold or otherwise committed. A good example is if your bank offers you a loan, but in exchange you need to keep $100 in your account at all times.
Receivables, net – This is the dollar value of cash that is owed to us. For example, we could sell some inventory to someone with credit, knowing that they are good for it when it comes time to settle their debts.
Merchandise inventories – This refers to the assets available to sell, whether digital licenses, physical toys and games, clothing, etc. If its in a store, its inventory. Prepaid expenses and other current assets – This is fairly straight forward, but is basically anything that we have paid in advance. For example, paying a year of rent on the first day of the lease would create a prepaid expense.
Property plant and equipment, net of accumulated depreciation. This is what we have estimated the value of all property to be after having been used up (“depreciated.) Depreciation is a non-cash expense that reduces EPS. More on this later, but the basic concept is that it is an estimate of the value lost for buying an iPhone at $1,000 last year and declining in value through today.
Operating lease right-of-use-assets- This is for accountants to bean count over, but is basically the idea that if you have a signed lease that allows you to be in a space for several years, you need to estimate how much that is worth. I am going to ignore this in analyzing the profitability of a company because it does not provide any indication as to the quality of business.
Deferred income taxes – there is nothing this quarter, but this is supposed to be an estimate of the future tax benefit from this year’s tax losses. Taxation is a whole other topic and I will exclude this from the analysis as it does not help us determine if Gamestop has a good financial basis.
Long-term restricted cash – Same as the above explanation, but for a much longer period than sixty days.
Other non-current assets – This could be many things, or one large thing, or both. At least a few million of this are options contracts designed to hedge the risk of USD to Foreign currencies, and some is company-owned life insurance (Source: Note 4. Of the 10Q financial statements)
Accounts payable – This is how much we owe all someone’s as of the balance sheet date. It includes vendors, software companies, staff, lessors, basically anything.
Accrued liabilities and other current liabilities – Anything else that’s not similar to something you can pay on a credit card. For example, it’s the obligation that GameStop has to provide goods and services for those prepaid giftcards, or the obligation to send a new tie to someone who has already paid for it.
Current portion of operating lease liabilities – This is how much rent they expect to be paying in the next sixty days or so.
Long-term debt – This is a French equivalent of a PPP loan.
Operating lease liabilities – This is the value of all leases that we have multiple years remaining on the lease. I will ignore it because of my description in right to use assets. Other long-term liabilities – This is anything else that is an obligation over a long period of time. It could include foreign currency hedges, for example.
Common stock – That’s you! But only how much each share would be worth if business were to stop, and after settling all debts.
Additional paid in capital – Each stock is, at its base unit, equivalent to $0.001. This is the extra price that was given to Gamestop for the honor of owning a share, such as the share offering at $220 in July.
Accumulated other comprehensive loss and retained earnings – This is the cumulative profits and losses that have been made since Gamestop was established. Its positive, so Gamestop has been profitable at some point in the past and has made more money than losses, in the big picture.
STATEMENTS OF OPERATIONS
This is what we use to judge how they are doing right now.
Net sales – This is how much revenue that has been recognized this period. (Note, this is not CASH coming in, but instead the total of how much income we have earned for providing goods and services.) It is also after all discounts.
Cost of sales – This is all direct costs that are attributable to providing services and goods. For example, store leases, store employee wages, the cost of inventory that we have sold this period, electricity, water, 401k contributions for store employees, the cost of the warehouse, shipping and transportation costs, anything really.
Gross Profit – This is how much we make from selling inventory and offering services, before paying the back office that is not directly related to the selling of goods and services. Selling, general and administrative expenses- Everything not connected with selling products directly. For example, marketing is included here, HR, corporate headquarters office lease, advertising, promotion, donations to local kiddos, hosting conventions, paying the CEO and accountants, audit fees and lawyers.
Gain on sale of assets – This refers to the selling of assets that are not our core business, such as the company jet or real estate.
STATEMENT OF CASH FLOWS
This statement is used to help us determine where they are spending money and should be used to evaluate if the business is growing, returning money to its shareholders, or earning/losing money from operations. The method used to report on this 10-Q is the indirect method, wherein we start from the change in balance sheet and adjust for the non-cash activities.
There are three cash-flow statement classifications of activities:
Operating activities, Investing activities, and financing activities.
Operating activities are our everyday operations, such as money coming in from sales, money going out for the purchase of inventories, and payment of salaries.
Investing activities are payments we make to buy the tools and “stuff” needed to do our operations. For example, buying a building so that we can work in it is investing and is an outflow. Selling our building indicates a shift in priorities and could indicate that we are stopping a business operation and is an inflow.
Financing activities are, broadly, where does the cash come go when equity transactions happen. Dividends paid out, for example, are not revenues or expenses but reduce cash. The outflow of dividends shows up here. The inflows from the at the money offering are also listed here.
CASH FLOWS THAT AFFECT INCOME STATEMENT EARNINGS PER SHARE (EPS)
Net Loss – This is the GAAP income that we start with as our base change in total assets. Depreciation and amortization – This is the “using up” of something that we have paid for. For example, I buy a building for $1M and expect to use it for 100 years. Every year I expense $10,000 and “depreciate” it by reducing the value by $10,000. Amortization is applying the same concept to intangible assets. If this is confusing, replace a building with a software license and apply the concept. This type of expense reduces earnings per share, but we can add it back to the net loss to think about how the business would continue to operate if we did not consider property to be used up.
Loss (gain) on retirement of debt – This is the extra amount of money that we needed to pay to retire the senior loans ahead of schedule. It is unrelated to continuing operations, so should be added back.
Asset Impairments- this is small, but is basically a non-cash estimate that property has declined in value, such as a building worth $1M suddenly becoming worth only $100K. It should be added back, because we may still be profitable if we did not revise our estimate. Stock-based compensation expense – This is the cost to the company to provide stock incentives to employees. Fundamentally this does not diminish the company from performing its operations, so is added back.
Deferred income taxes – Basically this is the change in our obligation to pay taxes. Normally relevant, however Gamestop has not been profitable so we shall disregard for now. Loss (gain) on disposal of property and equipment, net – This is how much we earned from the sale of our non-operating assets, such as the company jet. A loss or gain would need to be added back since its unrelated to our core business.
ITEMS THAT AFFECT OUR CASH BUT DO NOT AFFECT EARNINGS
CHANGES IN OPERATING ASSETS AND LIABILITIES – Not every asset on the balance sheet is related to income or expense. Assets can change form and not lose any value. For example, buying inventory “uses” $100 in cash, but in exchange you receive $100 in “stuff” that you can hopefully sell for more than $100, but until you sell it is estimated to be valued at what you paid for it.
Receivables, net – Positive numbers here are added back to net income because we are showing that we are more efficient in collecting funds that are owed to us. Negative numbers mean that we are extending credit to more people.
Merchandise inventories – Negative means we are purchasing inventory to be sold in the future, positive means that we have reduced our inventory. Note that I do not say “sold” because there are other ways to lose inventory, such as from theft of damage.
Prepaid expenses – Negative means that we are prepaying more expenses ahead of time, positive means that we are “using up” the store of money that we have previously paid for.
Prepaid income taxes and income taxes payable – This is the change in how much we owe (or are owed) from the tax man. Its not really relevant for analyzing if the business is profitable or not, but generally if you are paying taxes then you are making money, if you are getting a tax benefit you are losing money.
Operating lease right of use assets and lease liabilities – This is the change in the estimated value of the right to lease a space for an extended period of time, and the change in the estimated obligation to fulfill a multi-year lease. You can somewhat ignore this part, but take it for what it means. Negative means we used cash to get the leases going and its generally a sign that they are using their money on actually doing business.
CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures – this is how much money went out to make facilities available to use, or for the purchase of equipment such as servers and cash registers.
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock – This is how much money Gamestop received from the sale of those stock certificates in August. It is NOT income because we have a stake in the company, in return for our purchase of shares.
Repayments of revolver borrowings – This is where we repay debt as it comes due. It does NOT affect earnings because the cost of borrowings has already been reflected in the statement of operations as an interest expense and this is the repayment of principle. Payment of senior notes – This is the cash outlay needed to repay the senior notes. It does NOT affect earnings.
Settlement of stock-based awards – Whatever miscellaneous costs that were incurred to satisfy the stock contracts that were previously provided to employees, CEO’s, etc. It does NOT affect earnings because the related expense has already been reflected in earnings in prior periods. Exchange rate in cash – Some of our cash are held in Euros or other currencies. If we convert it to cash, it could be worth less than what it used to be. The cumulative changes in cash because of this factor are listed here. The exchange rate is built into Net income already, so we reduce our net loss because this is a cost that must be considered.
Change in cash – All of these activities should have hopefully explained the change in cash from $508.5M on January 30, 2021 to $1,413 as of October 30, 2021.
BRIEF ANALYSIS: Some people have expressed concern over the EPS loss this quarter. I have briefly analyzed this in a previous comment thread but will now expand. Pardon my repost for those who have already read it in a comment thread. I will analyze Q3 2021 to Q3 2020.
Page 4, the consolidated statement of operations.
Net Sales went up 300 from 1,004 to 1,297 (30%)
Cost of Sales went up from 728 to 978 (34%)
Gross profit went up from 276 to 318 15%
Selling, General, and Admin expenses went up from 360 to 421 (50M) relative to last year, or 17%.
So, we can see that they now have higher revenue, higher sales, and more direct costs for selling, the cost of sales. Sales and Cost of sales went up at approximately the same rate as revenue, but incremental costs seem to have decreased the efficiency of how much money they get back for every dollar spent on things like inventory, wages of employees, and the cost of leasing retail space and warehousing space. Decrease in efficiency doesn't mean all bad though, since now we have 15% more gross profit than before, which is good.
Selling general and admin expenses went up 17% - Why? What is going on in the back office that requires 17% more expenses? Is it overhead labor costs such as accountants in the back office, marketing gurus, advertising campaigns, or perhaps their leased corporate office space? CEO/CFO compensation? This is much harder to determine from the 10Q and would require direct vision of the accounting records to determine for certain. Theoretically, GME's fixed costs should have been priced into their business model so we should only be adding on incremental expenses in this area if there have been no changes to the administrative array, but increased marketing and advertising expenses would make sense given that we are now extending into the holiday quarters.
However, as you know, they have been exploring blockchain opportunities, attracting talent, and similar non-capitalized growth opportunities, and such expenses would not be visible directly on the balance sheet as these do not produce assets that are visible to us until they reach a certain “feasibility” threshold.
Regardless, the quickest explanation is that $50M more in selling expenses / 76M Shares = $0.65 losses per share.
Actual Loss performance of EPS, $1.40 - 0.65 = $0.75 losses / share, which is 50% worse than the consensus estimates of losses at 0.50 / share.
On page 6 of the 10Q, the statement of cash flows, will show us where they are spending their cash and back out the non-cash expenses that could explain why EPS is lower.
This year had depreciation of 53 compared to 61, which is an improvement and doesn't explain the decrease in EPS. Loss on retirement of Debt - $18M (or $0.23 cents / share) is a one-time expense for this quarter and does not reflect operational ability of GameStop, which tells us that this quarters EPS loss is inflated by 23 cents/share.
Stock based compensation - 20M this year compared to 6M last year. 14 M/Share is another 18 cents/share in loss, which is probably from attracting new talent. If you consider this irrelevant to operations, it would not be unheard of to add It back as the business could just have a stock compensation problem rather than an operational problem.
We can see that they incurred more overheard expenses (marketing, officer compensation, or similar), retired some debt at a cost of 23 cents/share, and paid out some stock compensation that had an associated cost. ~50 cents/share is due to potentially one-time event costs, where the other costs could have been due to exploratory operations into crypto is anyones guess.
CONSOLIDATED RESULTS OF OPERATIONS, page 16
This is where Gamestop present’s their % analysis, which we should use to evaluate efficiency. We are looking for increasing efficiency in operations and higher margins, which are indicated by a decrease in expenses as a percentage of net sales.
As we can see, cost of sales increased by 3% to 75.4%, which means that the inventory we sold this Quarter was more expensive than in the past.
Gross profit, as a percentage of sales, has decreased by 3% to 24.60%. This means we are not as efficient with our profit as before, but this is sometimes okay – if we generate more gross profit in absolute terms (that is, are we making $10 more, or $1 more for the cost of $1), then we are in a better position.
Selling, general, and admin expenses have decreased 3% or so, to 32.5%. This is also a good sign, because it means that we are using our overhead and support teams more effectively to generate more revenue than last year.
NET SALES BY SIGNIFICANT PRODUCT CATEGORY, page 16 – Analysis of the 9 months ended This is an important section to look at as it highlights the risks Gamestop’s significant categories may face. Hardware and accessories increased by approximately $600M to $1,983 from last year, which could be explained equally by increased consumer interest in Gamestop as a shopping destination and/or the current console cycle. Long-term growth of the company is dependent on which this is.
Software decreased slightly dollar wise but remained approximately the same overall. This implies that, despite console success, consumers have not taken to Gamestop as the location to purchase software yet. I consider this to be a key area that I am looking for Gamestop to capitalize on. Anecdotally, some friends of mine hate receiving keys elsewhere and placing them into steam, so I believe there is a large PC gaming market that has not been captured. From knowledge external to this analysis, software is a high margin item so this should be a significant growth area for Gamestop in the future.
Collectibles increased by approximately $200M from last year, which could be indicative of increased consumer interest in purchasing nerd-related items from Gamestop. I believe this is mostly caused by direct ape interest, but as to if a business model can be made around that specifically I do not know.
CONCLUSION FOR THE ANALYSES
Efficiency is up, activities are up. To achieve profitability, we need to either become more efficient in our admin expenses by reducing overhead and unprofitable areas or expand business and e-commerce activities. It appears that Gamestop is positioned to continue to scale up their activities and has the infrastructure needed to expand at a profitable rate but achieving scale will be the most significant factor.
This quarter’s unprofitability was inflated due to non-recurring costs by about $0.75EPS, however Gamestop has almost achieved break-even and should achieve it at approximately 30% more gross sales. I believe this was the key factor that was touched on at the meeting, as net sales growth is on track to make that within a year or so.
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2021.12.09 01:45 LostOwl4072Alt Is my offer Under/Fair/Over for Bat Dragon?
2021.12.09 01:45 xrpykqhs Bora Pharmaceuticals partnered with Taishin Holdings to launch CDMO Investment and M&A Plan
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2021.12.09 01:45 -Vinushka- People hate NFTs because they remind them of how pathetic their salary is
2021.12.09 01:45 BigB133 Can anybody identify this illness?
So it's regarding my mom. I'm honestly not sure if this is just a personality trait or if it's a mental illness, but I feel it's the latter. So the best way I've always described it is she "lives in a perfect, scripted reality where if anything outside of her planned script for the day or week goes different, she goes fucking nuts". It's weird because she'll be nice one minute, then let's say I turn the TV on in the living room for background noise if I'm at her place (she keeps it dead silent in the house), she'll turn it off. Another example would be holidays.
I'm 20, and live by myself, and with Thanksgiving recently it's a good example. Now I know we all have our family traditions, I love them, but she is obsessively compulsive about them. It's so hard to describe, because trying to describe it to somebody outside the situation really just sounds like it's normal shit but it's not. So by overly compulsive let's say I need to run out to my car or something, and we haven't even started eating yet. She will get irritated with that, and pause everything until I'm back as if I'm holding it up. The tv gets turned off so no background noise, conversations are hard with most of the time family just trying to break her script(like counteract points she makes to what is really the truth about something) Again, outside the script.
Animals - She's not great with animals, but she's not too bad either. She just got another dog after the last 2 passed away (unreleated to this/natural causes), and when I stopped by at lunch the TV was off again so the dog was just sitting in silence in her room in the kennel. I know this doesn't sound to big of a deal, but even with a dog of my own it doesn't take too much google searching to find out what psychologically fucks with a dog's head. My mom just sees them as objects? I guess. Like it's an animal, that is happy, sad, etc. (Basic emotions.), but that's it. Feed it, walk it, good to go. And like the past dogs, if it's not in her script to have time for a dog at the current moment (I don't even mean being in a rush or working on stuff. Just, "Nows not the time") she completely just gets irritated with it. These aren't as bad as the others, so I'll get back to those.
Extra examples: Lies about basic shit that nobody would really care about( example she says she's going to the store, but instead went somewhere else completely normal), lies to strangers about her life, is compulsive about where people park at her place, is very fake around people when eating out, and overall double faced. She claims that her boyfriend has family weddings she must go to at least once every 2 months, but after about 10 wedding receptions and her boyfriend only having 2 siblings, I'm just curious who the fuck are these people are who are getting married all at, unless she's just lying about those too. Another example is she despises my dad, and if I mention any of his siblings are coming up to visit another switch flips and she freaks out, and doesn't let my little brother see those other family members. Tells them he's at a friend's house or something then just keeps him home (he lives with her)
I don't know.. because at the end of the day, she is my Mom, and I feel bad because part of me wants to be on board with some of the stuff she does like holidays and whatnot, but just the whole "scripted" tone of everything I hate. And its not like I can call her out on certain things, because in her mind it's her way of putting in effort and trying to make a nice family environment. What do you think?
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2021.12.09 01:45 agnclay Narrow concept of 'merit' allows upper caste individuals to mask their obvious caste privilege : Justice Chandrachud
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2021.12.09 01:45 Heidibima It’s time to let them go!
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2021.12.09 01:45 Crypto-Nitee Live your life.
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2021.12.09 01:45 Prize-Ad134 If everyone owned stocked it would essentially be a Marxist country
So Marx says workers should own the means of production.
Owning stock represents ownership of the company. The company produces.
So if everyone in the US owned some stock then every person in the US owns the means of production and then the US becomes Marxist.
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