Electronic Arts 2007 Annual Report Download - page 138
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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data) 2007 2006 2005
Year Ended March 31,
Net revenue .................................................... $3,091 $2,951 $3,129
Cost of goods sold ............................................... 1,212 1,181 1,197
Gross profit .................................................. 1,879 1,770 1,932
Operating expenses:
Marketing and sales ............................................ 466 431 391
General and administrative ....................................... 288 215 221
Research and development ....................................... 1,041 758 633
Amortization of intangibles ...................................... 27 7 3
Acquired in-process technology ................................... 3 8 13
Restructuring charges ........................................... 15 26 2
Total operating expenses....................................... 1,840 1,445 1,263
Operating income ............................................ 39 325 669
Interest and other income, net ...................................... 99 64 56
Income before provision for income taxes and minority interest . . . ......... 138 389 725
Provision for income taxes ......................................... 66 147 221
Income before minority interest ................................... 72 242 504
Minority interest ................................................ 4 (6) —
Net income .................................................. $ 76 $ 236 $ 504
Net income per share:
Basic ....................................................... $ 0.25 $ 0.78 $ 1.65
Diluted ..................................................... $ 0.24 $ 0.75 $ 1.59
Number of shares used in computation:
Basic ....................................................... 308 304 305
Diluted ..................................................... 317 314 318
See accompanying Notes to Consolidated Financial Statements.
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