Electronic Arts 2002 Annual Report Download - page 55

CLASS A CLASS A CLASS B
(In thousands, except for per share amounts): COMMON STOCK- COMMON STOCK- COMMON
YEAR ENDED MARCH 31, 2002 BASIC DILUTED STOCK
Net income (loss) before retained interest in EA.com $ 253,156 $ 101,509 $ (151,647)
Net loss related to retained interest in EA.com (128,900) — 128,900
Net income (loss) $ 124,256 $ 101,509 $ (22,747)
Shares used to compute net income (loss) per share:
Weighted-average common shares 136,832 136,832 6,026
Dilutive stock equivalents — 6,310 —
Dilutive potential common shares 136,832 143,142 6,026
Net income (loss) per share:
Basic $ 0.91 N/A $ (3.77)
Diluted N/A $ 0.71 $ (3.77)
CLASS A CLASS A CLASS B
(In thousands, except for per share amounts): COMMON STOCK- COMMON STOCK- COMMON
YEAR ENDED MARCH 31, 2001 BASIC DILUTED STOCK
Net income (loss) before retained interest in EA.com $ 142,422 $ (11,082) $ (153,504)
Net loss related to retained interest in EA.com (130,478) — 130,478
Net income (loss) $ 11,944 $ (11,082) $ (23,026)
Shares used to compute net income (loss) per share:
Weighted-average common shares 131,404 131,404 6,015
Dilutive stock equivalents — 652 —
Dilutive potential common shares 131,404 132,056 6,015
Net income (loss) per share:
Basic $ 0.09 N/A $ (3.83)
Diluted N/A $ (0.08) $ (3.83)
(In thousands, except for per share amounts):
YEAR ENDED MARCH 31, 2000
Net income $ 116,751
Shares used to compute net income per share:
Weighted-average common shares 125,660
Dilutive stock equivalents 7,082
Dilutive potential common shares 132,742
Net income per share:
Basic $ 0.93
Diluted $ 0.88
The Diluted EPS calculation for Class A common stock, presented above, includes the potential dilution
from the conversion of Class B common stock to Class A common stock in the event that the initial public
offering for Class B common stock does not occur. Net income used for the calculation of Diluted EPS for
Class A common stock is $101,509,000 for the fiscal year ended March 31, 2002.This net income includes
the remaining 15% interest in EA.com, which is directly attributable to outstanding Class B shares owned
by third parties, which would be included in the Class A common stock EPS calculation in the event that
the initial public offering for Class B common stock does not occur.
Due to the net loss attributable for the twelve months ended March 31, 2001 on a diluted basis to
Class A Stockholders, stock options have been excluded from the Diluted EPS calculation. Had net income
been reported for this period, an additional 5,971,000 shares would have been added to diluted potential
common shares for Class A common stock for the twelve months ended March 31, 2001.
Due to the net loss attributable for the twelve months ended March 31, 2002 and 2001 on a diluted
basis to Class B Stockholders, stock options have been excluded from the Diluted EPS calculation. Had net
income been reported for these periods, an additional 842,000 and 472,000 shares, respectively, would
have been added to diluted potential common shares for Class B common stock for the twelve months ended
March 31, 2002 and 2001.
Excluded from the above computation of weighted-average shares for Class A diluted EPS for the fiscal
years ended March 31, 2002, 2001 and 2000 were options to purchase 1,515,000, 2,705,000 and
229,000 shares of common stock, respectively, as the options’ exercise price was greater than the average
market price of the common shares. Class B common stock, authorized on March 22, 2000, was excluded
from the Company’s calculations of basic and diluted EPS for the fiscal year ended March 31, 2000
because its impact on the calculations was immaterial.
EA 2002 AR 51