Electronic Arts 2001 Annual Report Download - page 35

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ELECTRONIC ARTS
33
The Board of Directors and Stockholders
Electronic Arts Inc. and Subsidiaries:
We have audited the accompanying consolidated balance sheets of Electronic Arts Inc. and subsidiaries as of
March 31, 2001 and 2000, and the related consolidated statements of operations, stockholders’ equity, and cash
flows for each of the years in the three-year period ended March 31, 2001. These consolidated financial statements
are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consoli-
dated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the financial position of Electronic Arts Inc. and subsidiaries as of March 31, 2001 and 2000, and the results of
their operations and their cash flows for each of the years in the three-year period ended March 31, 2001, in
conformity with accounting principles generally accepted in the United States of America.
KPMG LLP
Mountain View, California
May 4, 2001
ELECTRONIC ARTS AND SUBSIDIARIES
INDEPENDENT AUDITORS’ REPORT