Electronic Arts 2000 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2000 Electronic Arts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

EA Core Adjustments and
Year Ended March 31, 1998 (excl. EA.com) EA.com Eliminations Electronic Arts
Net revenues from unaffiliated customers $ 897,877 $ 10,975 $ – $ 908,852
Group sales 538 – (538)(a) –
Total net revenues 898,415 10,975 (538) 908,852
Cost of goods sold from unaffiliated customers 478,967 2,266 – 481,233
Group cost of goods sold – 538 (538) –
Total cost of goods sold 478,967 2,804 (538) 481,233
Gross profit 419,448 8,171 – 427,619
Operating expenses:
Marketing and sales 125,711 2,597 – 128,308
General and administrative 57,650 188 – 57,838
Research and development 137,360 5,352 3,020(b) 145,732
Network development and support – 3,020 (3,020) –
Charge for acquired in-process technology 1,500 – – 1,500
Merger costs 10,792 – – 10,792
Total operating expenses 333,013 11,157 – 344,170
Operating income (loss) 86,435 (2,986) – 83,449
Interest and other income, net 24,811 – – 24,811
Income (loss) before provision for income
taxes and minority interest 111,246 (2,986) – 108,260
Provision for income taxes 35,726 – – 35,726
Income (loss) before minority interest 75,520 (2,986) – 72,534
Minority interest in consolidated joint venture 28 – – 28
Net income (loss) $ 75,548 $ (2,986) $ – $ 72,562
(a) REPRESENTS ELIMINATION OF INTERCOMPANY SALES OF ELECTRONIC ARTS PACKAGED GOODS PRODUCTS TO EA.COM; AND REPRESENTS ELIMINATION OF ROYALTIES PAID TO ELECTRONIC ARTS BY EA.COM FOR
INTELLECTUAL PROPERTY RIGHTS.
(b) REPRESENTS RECLASSIFICATION OF NETWORK DEVELOPMENT AND SUPPORT TO RESEARCH AND DEVELOPMENT.
EA 2000 AR
25
MD&A