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EA CORE ADJUSTMENTS
(EXCLUDING AND ELECTRONIC
YEAR ENDED MARCH 31, 2001 EA.COM) EA.COM ELIMINATIONS ARTS
Net revenues from
unaffiliated customers $ 1,280,172 $ 42,101 $ — $1,322,273
Group sales 2,658 — (2,658)(a) —
Total net revenues 1,282,830 42,101 (2,658) 1,322,273
Cost of goods sold from
unaffiliated customers 640,239 12,003 — 652,242
Group cost of goods sold — 2,658 (2,658)(a) —
Total cost of goods sold 640,239 14,661 (2,658) 652,242
Gross profit 642,591 27,440 — 670,031
Operating expenses:
Marketing and sales 163,928 12,475 8,933(c) 185,336
General and administrative 93,885 10,156 — 104,041
Research and development 248,534 77,243 63,151(b) 388,928
Network development and support — 51,794 (51,794)(b) —
Customer relationship management — 11,357 (11,357)(b) —
Carriage fee — 8,933 (8,933)(c) —
Amortization of intangibles 12,829 6,494 — 19,323
Charge for acquired
in-process technology — 2,719 — 2,719
Total operating expenses 519,176 181,171 — 700,347
Operating income (loss) 123,415 (153,731) — (30,316)
Interest and other income, net 16,659 227 — 16,886
Income (loss) before benefit
from income taxes and
minority interest 140,074 (153,504) — (13,430)
Benefit from income taxes (4,163) — — (4,163)
Income (loss) before minority interest 144,237 (153,504) — (9,267)
Minority interest in
consolidated joint venture (1,815) — — (1,815)
Net income (loss) before retained
interest in EA.com $ 142,422 $ (153,504) $ — $ (11,082)
Interest income $ 17,809 $ 94 $ — $ 17,903
Depreciation and amortization 45,382 33,219 — 78,601
Identifiable assets 1,167,846 211,072 — 1,378,918
Capital expenditures 51,460 68,887 — 120,347
EA 2002 AR 65