Electronic Arts 2000 Annual Report Download - page 64

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Information about Electronic Arts business segments is presented below for the fiscal years ended March 31, 2000, 1999,
1998 (in thousands):
EA Core Adjustments and
Year Ended March 31, 2000 (excl. EA.com) EA.com Eliminations Electronic Arts
Net revenues from unaffiliated customers $ 1,399,093 $ 20,918 $ – $ 1,420,011
Group sales 2,014 – (2,014)(a) –
Total net revenues 1,401,107 20,918 (2,014) 1,420,011
Cost of goods sold from unaffiliated customers 700,024 5,784 – 705,808
Group cost of goods sold – 2,014 (2,014) –
Total cost of goods sold 700,024 7,798 (2,014) 705,808
Gross profit 701,083 13,120 – 714,203
Operating expenses:
Marketing and sales 185,714 2,914 – 188,628
General and administrative 87,513 4,989 – 92,502
Research and development 205,933 34,775 20,051(b) 260,759
Network development and support – 20,051 (20,051) –
Charge for acquired in-process technology 2,670 3,869 – 6,539
Amortization of intangibles 10,866 1,123 – 11,989
Total operating expenses 492,696 67,721 – 560,417
Operating income (loss) 208,387 (54,601) – 153,786
Interest and other income, net 16,017 11 – 16,028
Income (loss) before provision for income
taxes and minority interest 224,404 (54,590) – 169,814
Provision for income taxes 52,642 – – 52,642
Income (loss) before minority interest 171,762 (54,590) – 117,172
Minority interest in consolidated joint venture (421) – – (421)
Net income (loss) 171,341 (54,590) – 116,751
Interest income 13,733 11 – 13,744
Depreciation and amortization 39,818 6,907 – 46,725
Identifiable assets 1,085,411 106,901 – 1,192,312
Capital expenditures 97,279 37,605 – 134,884
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
62