Electronic Arts 2002 Annual Report Download - page 47

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(In thousands, except per share data)
YEARS ENDED MARCH 31, 2002 2001 2000
Net revenues $1,724,675 $1,322,273 $ 1,420,011
Cost of goods sold 807,611 652,242 704,702
Gross profit 917,064 670,031 715,309
Operating expenses:
Marketing and sales 241,109 185,336 188,611
General and administrative 107,059 104,041 92,418
Research and development 387,736 388,928 261,966
Amortization of intangibles 25,418 19,323 11,989
Charge for acquired in-process technology —2,719 6,539
Restructuring and asset impairment charges 20,303 ——
Total operating expenses 781,625 700,347 561,523
Operating income (loss) 135,439 (30,316) 153,786
Interest and other income, net 12,848 16,886 16,028
Income (loss) before provision for (benefit from)
income taxes and minority interest 148,287 (13,430) 169,814
Provision for (benefit from) income taxes 45,969 (4,163) 52,642
Income (loss) before minority interest 102,318 (9,267) 117,172
Minority interest in consolidated joint venture (809) (1,815) (421)
Net income (loss) $101,509 $(11,082) $ 116,751
Net income per share:
Basic N/A N/A $ 0.93
Diluted N/A N/A $ 0.88
Number of shares used in computation:
Basic N/A N/A 125,660
Diluted N/A N/A 132,742
Class A common stock:
Net income (loss):
Basic $124,256 $11,944 N/A
Diluted $101,509 $(11,082) N/A
Net income (loss) per share:
Basic $0.91 $0.09 N/A
Diluted $0.71 $(0.08) N/A
Number of shares used in computation:
Basic 136,832 131,404 N/A
Diluted 143,142 132,056 N/A
Class B common stock:
Net loss, net of retained interest in EA.com $(22,747) $(23,026) N/A
Net loss per share:
Basic $(3.77) $(3.83) N/A
Diluted $(3.77) $(3.83) N/A
Number of shares used in computation:
Basic 6,026 6,015 N/A
Diluted 6,026 6,015 N/A
See accompanying Notes to Consolidated Financial Statements, including segment information in Note 18.
EA 2002 AR 43
ELECTRONIC ARTS AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS