GameStop (GME) 10-K 2010 FY Annual report

Exhibit 12.1

GAMESTOP CORP.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year
	Ended		Ended		Ended		Ended		Ended
	January 30,		January 31,		February 2,		February 3,		January 28,
	2010		2009		2008		2007		2006
			(Dollars in thousands)
Earnings:
Earnings before income taxes	$	588,533	$	633,951	$	441,056	$	254,296	$	159,922
Fixed charges		144,561		135,500		133,026		148,215		65,864
Adjusted earnings	$	733,094	$	769,451	$	574,082	$	402,511	$	225,786
Ratio of earnings to fixed charges		5.1		5.7		4.3		2.7		3.4
Fixed Charges:
Interest expense	$	44,429	$	49,497	$	60,610	$	83,722	$	30,111
Amortization of issue discount		925		959		943		940		316
Interest portion of net rental expense (1)		99,207		85,044		71,473		63,553		35,437
Total fixed charges	$	144,561	$	135,500	$	133,026	$	148,215	$	65,864

(1) The interest portion of net rental expense is estimated to be equal to 28% of the minimum rental expense for the period.