Electronic Arts 2001 Annual Report Download - page 66

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64
2001 AR
EA Core Adjustments and
Year Ended March 31, 1999 (excl. EA.com) EA.com Eliminations Electronic Arts
Net revenues from unaffiliated customers $ 1,204,689 $ 17,174 $ – $ 1,221,863
Group sales 985 – (985)(a) –
Total net revenues 1,205,674 17,174 (985) 1,221,863
Cost of goods sold from unaffiliated customers 624,252 3,337 – 627,589
Group cost of goods sold – 985 (985)(a) –
Total cost of goods sold 624,252 4,322 (985) 627,589
Gross profit 581,422 12,852 – 594,274
Operating expenses:
Marketing and sales 161,029 2,378 – 163,407
General and administrative 74,995 1,224 – 76,219
Research and development 181,245 8,050 10,080(b) 199,375
Network development and support – 8,488 (8,488)(b) –
Customer relationship management – 1,592 (1,592)(b) –
Charge for acquired in-process technology 44,115 – – 44,115
Amortization of intangibles 5,880 – – 5,880
Total operating expenses 467,264 21,732 – 488,996
Operating income (loss) 114,158 (8,880) – 105,278
Interest and other income, net 13,180 – – 13,180
Income (loss) before provision for income
taxes and minority interest 127,338 (8,880) – 118,458
Provision for income taxes 45,414 – – 45,414
Income (loss) before minority interest 81,924 (8,880) – 73,044
Minority interest in consolidated joint venture (172) – – (172)
Net income (loss) $ 81,752 $ (8,880) $ – $ 72,872
Interest income $ 12,625 $ – $ – $ 12,625
Depreciation and amortization 40,271 190 – 40,461
Identifiable assets 898,905 2,968 – 901,873
Capital expenditures 113,939 1,881 – 115,820
(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 and Customer Relationship Management to Research and Development.
(c) Represents reclassification of amortization of the Carriage fee to Marketing and Sales.