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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(In millions, share data in thousands)
Shares Amount Shares
(a)
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total
Stockholders’
Equity
Common Stock
Class B
Common Stock
Balances as of March 31, 2004 .......... 301,333 $ 3 200 $1,154 $1,501 $ 20 $2,678
Net income . . .................... — — — — 504 — 504
Change in unrealized gains (losses) on
investments, net . . . ............... — — — — — 27 27
Reclassification adjustment for (gains) losses
realized, net .................... — — — — — (1) (1)
Translation adjustment ............... — — — — — 10 10
Comprehensive income ............... $ 540
Issuance of common stock . . . .......... 9,914 — — 241 — — 241
Repurchase and retirement of common
stock ......................... (806) — — (41) — — (41)
Conversion of Class B shares to common
stock ......................... — — (200) — — — —
Stock-based compensation . . . .......... — — — 5 — — 5
Tax benefit from exercise of stock options . . — — — 75 — — 75
Balances as of March 31, 2005 .......... 310,441 $ 3 — $1,434 $2,005 $ 56 $3,498
Net income . . .................... — — — — 236 — 236
Change in unrealized gains (losses) on
investments and derivative instruments,
net .......................... — — — — — 33 33
Reclassification adjustment for (gains) losses,
realized on investments and derivative
instruments, net . . . ............... — — — — — 4 4
Translation adjustment ............... — — — — — (10) (10)
Comprehensive income ............... $ 263
Issuance of common stock . . . .......... 7,174 — — 206 — — 206
Repurchase and retirement of common
stock ......................... (12,621) — — (709) — — (709)
Stock-based compensation . . . .......... — — — 3 — — 3
Tax benefit from exercise of stock options . . — — — 133 — — 133
Assumption of stock options in connection
with acquisition . . . ............... — — — 14 — — 14
Balances as of March 31, 2006 .......... 304,994 $ 3 — $1,081 $2,241 $ 83 $3,408
Cumulative effect of adjustments resulting
from the adoption of SAB No. 108, net of
tax .......................... — — — — 6 — 6
Adjusted balance as of March 31, 2006 .... 304,994 $ 3 — $1,081 $2,247 $ 83 $3,414
Net income . . .................... — — — — 76 — 76
Change in unrealized gains (losses) on
investments and derivative instruments,
net .......................... — — — — — 183 183
Reclassification adjustment for (gains) losses,
realized on investments and derivative
instruments, net . . . ............... — — — — — 5 5
Translation adjustment ............... — — — — — 23 23
Comprehensive income ............... $ 287
Issuance of common stock . . . .......... 6,044 — — 164 — — 164
Stock-based compensation . . . .......... — — — 133 — — 133
Tax benefit from exercise of stock options . . — — — 34 — — 34
Balances as of March 31, 2007 .......... 311,038 $ 3 — $1,412 $2,323 $294 $4,032
(a)
The ending balance of our Class B Common Stock was $0 as of March 31, 2007, 2006, and 2005.
See accompanying Notes to Consolidated Financial Statements.
Annual Report
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