Electronic Arts 1999 Annual Report Download - page 8
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ELECTRONIC ARTS AND SUBSIDIARIES
Selected Five-Year Financial Data
(In thousands, except per share data)
Years ended March 31, 1999 1998 1997 1996 1995
I N CO M E STAT E M E NT DATA
Net revenues $1,221,863 $ 908,852 $ 673,028 $ 587,299 $ 531,493
Cost of goods sold 625,547 480,766 328,943 291,491 277,543
Gross profit 596,316 428,086 344,085 295,808 253,950
Operating expenses:
Marketing and sales 163,407 128,308 102,072 85,771 70,764
General and administrative 75,556 57,838 48,489 37,711 33,492
Research and development 202,080 146,199 130,755 108,043 79,910
Charge for acquired
in-process technology 44,115 1,500 – 2,232 –
Merger costs – 10,792–––
Amortization of intangibles 5,880––––
Total operating expenses 491,038 344,637 281,316 233,757 184,166
Operating income 105,278 83,449 62,769 62,051 69,784
Interest and other income, net 13,180 24,811 13,279 7,514 13,476
Income before provision
for income taxes and
minority interest 118,458 108,260 76,048 69,565 83,260
Provision for income taxes 45,414 35,726 26,003 22,584 26,859
Income before minority interest 73,044 72,534 50,045 46,981 56,401
Minority interest in
consolidated joint venture (172) 28 1,282 (304) 2,620
Income from continuing
operations 72,872 72,562 51,327 46,677 59,021
Discontinued operations:
Gain on disposal of
discontinued operations
(net of income tax expense
of $173 in fiscal 1995) ––––303
Net income $ 72,872 $ 72,562 $ 51,327 $ 46,677 $ 59,324