Electronic Arts 2001 Annual Report Download - page 14

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ELECTRONIC ARTS AND SUBSIDIARIES
SELECTED FIVE-YEAR FINANCIAL DATA
(In thousands, except per share data)
Years Ended March 31, 2001 2000 1999 1998 1997
INCOME STATEMENT DATA
Net revenues $ 1,322,273 $ 1,420,011 $ 1,221,863 $ 908,852 $ 673,028
Cost of goods sold 652,242 704,702 627,589 481,233 328,943
Gross profit 670,031 715,309 594,274 427,619 344,085
Operating expenses:
Marketing and sales 185,336 188,611 163,407 128,308 102,072
General and administrative 104,041 92,418 76,219 57,838 48,489
Research and development 388,928 261,966 199,375 145,732 130,755
Amortization of intangibles 19,323 11,989 5,880 – –
Charge for acquired
in-process technology 2,719 6,539 44,115 1,500 –
Merger costs –– – 10,792 –
Total operating expenses 700,347 561,523 488,996 344,170 281,316
Operating income (loss) (30,316) 153,786 105,278 83,449 62,769
Interest and other income, net 16,886 16,028 13,180 24,811 13,279
Income (loss) before provision
for (benefit from) income taxes
and minority interest (13,430) 169,814 118,458 108,260 76,048
Provision for (benefit from)
income taxes (4,163) 52,642 45,414 35,726 26,003
Income (loss) before
minority interest (9,267) 117,172 73,044 72,534 50,045
Minority interest in
consolidated joint venture (1,815) (421) (172) 28 1,282
Net income (loss) $ (11,082)(a) $ 116,751(b) $ 72,872(c) $ 72,562(d) $ 51,327
Net income per share amounts:
Basic N/A $ 0.93(b) $ 0.60(c) $ 0.62(d) $ 0.45
Diluted N/A $ 0.88(b) $ 0.58(c) $ 0.60(d) $ 0.43
Number of shares used
in computation:
Basic N/A 125,660 121,495 117,734 115,087
Diluted N/A 132,742 126,545 121,917 119,114
12
2001 AR