GameStop (GME) Q2 2022 net cash outflows decreased 46% from Q1

The company reduced its net cash outflow by nearly half from Q1 to Q2 2022.


GameStop (GME) has reported its Q2 2022 earnings today and among the noteworthy information is how the company’s net cash outflows decreased a whopping 46 percent from Q1. Back in Q1 2022, outflow sat at $236.3 million while in Q2 2022 that number has since been reduced by nearly half with a total of $126.6 million.

Other cash flow numbers include outflow from operating activities at $407.3 million compared with an outflow of $30.3 million during Q1 of last year. According to the report, “cash used in operating activities was primarily due to a decrease in accounts payable and accrued liabilities related to overhead and inventory.”

GameStop report on Cash Flows showing things like cash used in operating activities and investing activities.
© GameStop

In addition to reducing its net cash outflows by nearly half, GameStop also ended Q2 with “no debt other than a low-interest, unsecured term loan associated with the French government’s response to COVID-19.” The end of Q2 2022 saw cash and cash equivalents at $908.9 million.

Senior Editor

Morgan is a writer from the frozen wastelands of Maine who enjoys metal music, kpop, horror, and indie games. They're also a Tetris fanatic who's fiercely competitive in games like Tetris 99... and all games in general. But mostly Tetris. You can follow Morgan on Twitter @Author_MShaver.

From The Chatty
Hello, Meet Lola