Electronic Arts 1999 Annual Report Download - page 2

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(In thousands, except per share data)
Fiscal years ended March 31, 1999 1998 % change
Net Revenues $1,221,863 $ 908,852 34 %
Operating Income 105,278 83,449 26
Net Income 72,872 72,562 —
Earnings Per Share — Diluted 1.15 1.19 (3)
Operating Income (excluding one-time items) 149,393 95,741 56
Net Income (excluding one-time items) 110,378 72,339 53
Earnings Per Share — Diluted
(excluding one-time items) 1.74 1.19 46
Working Capital 333,256 408,098 (18)
Total Assets 901,873 745,681 21
Total Stockholders’ Equity $ 662,931 $563,968 18 %
FINANCIAL HIGHLIGHTS
OPERATING HIGHLIGHTS
»34% increase in net revenues
»53% increase in net income
(excluding one-time items
from both years)
»Released 59 titles —
21 PlayStation, 9 N64,
28 PC-CD, 1 Online
»Established two joint ventures
with Square Company Ltd.
of Japan
»Expanded direct distribution
presence to over 75 countries
»Signed long-term license
agreements with World
Championship Wrestling,
Formula One Racing, and FIFA
»Made three acquisitions:
Westwood Studios,
Tiburon Entertainment,
ABC Software AG and GmbH
1999