Electronic Arts 2002 Annual Report Download - page 70
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Please find page 70 of the 2002 Electronic Arts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.EA CORE ADJUSTMENTS
(EXCLUDING AND ELECTRONIC
YEAR ENDED MARCH 31, 2000 EA.COM) EA.COM ELIMINATIONS ARTS
Net revenues from
unaffiliated customers $ 1,399,093 $ 20,918 $ — $ 1,420,011
Group sales 2,014 — (2,014)(a) —
Total net revenues 1,401,107 20,918 (2,014) 1,420,011
Cost of goods sold from
unaffiliated customers 700,024 4,678 — 704,702
Group cost of goods sold — 2,014 (2,014)(a) —
Total cost of goods sold 700,024 6,692 (2,014) 704,702
Gross profit 701,083 14,226 — 715,309
Operating expenses:
Marketing and sales 185,714 2,897 — 188,611
General and administrative 87,513 4,905 — 92,418
Research and development 205,933 34,716 21,317(b) 261,966
Network development and support — 17,993 (17,993)(b) —
Customer relationship management — 3,324 (3,324)(b) —
Amortization of intangibles 10,866 1,123 — 11,989
Charge for acquired
in-process technology 2,670 3,869 — 6,539
Total operating expenses 492,696 68,827 — 561,523
Operating income (loss) 208,387 (54,601) — 153,786
Interest and other income, net 16,017 11 — 16,028
Income (loss) before provision
for income taxes and
minority interest 224,404 (54,590) — 169,814
Provision for income taxes 52,642 — — 52,642
Income (loss) before minority interest 171,762 (54,590) — 117,172
Minority interest in
consolidated joint venture (421) — — (421)
Net income (loss) $ 171,341 $ (54,590) $ — $ 116,751
Interest income $ 13,733 $ 11 $ — $ 13,744
Depreciation and amortization 39,818 6,907 — 46,725
Identifiable assets 1,085,411 106,901 — 1,192,312
Capital expenditures 97,279 37,605 — 134,884
(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.
EA 2002 AR
66