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ELECTRONIC ARTS AND SUBSIDIARIES
SELECTED FIVE-YEAR FINANCIAL DATA
(In thousands, except per share data)
YEARS ENDED MARCH 31, 2002 2001 2000 1999 1998
Income Statement Data
Net revenues $1,724,675 $1,322,273 $1,420,011 $1,221,863 $ 908,852
Cost of goods sold 807,611 652,242 704,702 627,589 481,233
Gross profit 917,064 670,031 715,309 594,274 427,619
Operating expenses:
Marketing and sales 241,109 185,336 188,611 163,407 128,308
General and administrative 107,059 104,041 92,418 76,219 57,838
Research and development 387,736 388,928 261,966 199,375 145,732
Amortization of intangibles 25,418 19,323 11,989 5,880 —
Charge for acquired
in-process technology —2,719 6,539 44,115 1,500
Merger costs ————10,792
Restructuring and asset
impairment charges 20,303 ————
Total operating expenses 781,625 700,347 561,523 488,996 344,170
Operating income (loss) 135,439 (30,316) 153,786 105,278 83,449
Interest and other income, net 12,848 16,886 16,028 13,180 24,811
Income (loss) before provision
for (benefit from) income
taxes and minority interest 148,287 (13,430) 169,814 118,458 108,260
Provision for (benefit from)
income taxes 45,969 (4,163) 52,642 45,414 35,726
Income (loss) before
minority interest 102,318 (9,267) 117,172 73,044 72,534
Minority interest in
consolidated joint venture (809) (1,815) (421) (172) 28
Net income (loss) $101,509(a) $(11,082)(b) $116,751(c) $72,872(d) $72,562(e)
Net income per share:
Basic N/A N/A $ 0.93 $ 0.60 $ 0.62
Diluted N/A N/A $ 0.88 $ 0.58 $ 0.60
Number of shares used
in computation:
Basic N/A N/A 125,660 121,495 117,734
Diluted N/A N/A 132,742 126,545 121,917
EA 2002 AR
12