Electronic Arts 2001 Annual Report Download - page 37

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ELECTRONIC ARTS
35
(In thousands, except per share data)
Years Ended March 31, 2001 2000 1999
Net revenues $ 1,322,273 $ 1,420,011 $ 1,221,863
Cost of goods sold 652,242 704,702 627,589
Gross profit 670,031 715,309 594,274
Operating expenses:
Marketing and sales 185,336 188,611 163,407
General and administrative 104,041 92,418 76,219
Research and development 388,928 261,966 199,375
Amortization of intangibles 19,323 11,989 5,880
Charge for acquired in-process technology 2,719 6,539 44,115
Total operating expenses 700,347 561,523 488,996
Operating income (loss) (30,316) 153,786 105,278
Interest and other income, net 16,886 16,028 13,180
Income (loss) before provision for (benefit from)
income taxes and minority interest (13,430) 169,814 118,458
Provision for (benefit from) income taxes (4,163) 52,642 45,414
Income (loss) before minority interest (9,267) 117,172 73,044
Minority interest in consolidated joint venture (1,815) (421) (172)
Net income (loss) $ (11,082) $ 116,751 $ 72,872
Net income per share:
Basic N/A $ 0.93 $ 0.60
Diluted N/A $ 0.88 $ 0.58
Number of shares used in computation:
Basic N/A 125,660 121,495
Diluted N/A 132,742 126,545
Class A common stock:
Net income (loss):
Basic $ 11,944 N/A N/A
Diluted $ (11,082) N/A N/A
Net income (loss) per share:
Basic $ 0.09 N/A N/A
Diluted $ (0.08) N/A N/A
Number of shares used in computation:
Basic 131,404 N/A N/A
Diluted 132,056 N/A N/A
Class B common stock:
Net loss, net of retained interest in EA.com $ (23,026) N/A N/A
Net loss per share:
Basic $ (3.83) N/A N/A
Diluted $ (3.83) N/A N/A
Number of shares used in computation:
Basic 6,015 N/A N/A
Diluted 6,015 N/A N/A
See accompanying notes to consolidated financial statements, including segment information in note 19.
ELECTRONIC ARTS AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS