Electronic Arts 2007 Annual Report Download - page 159
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parties as either accounts payable or accrued liabilities. The current and long-term portions of accrued
royalties, included in accrued and other current liabilities as well as other liabilities, consisted of (in millions):
2007 2006
As of March 31,
Accrued and other current liabilities .......................................... $ 91 $ 82
Other liabilities . . . ....................................................... 3 7
Royalty-related liabilities ................................................. $ 94 $ 89
In addition, as of March 31, 2007, we were committed to pay approximately $1,546 million to content
licensors and co-publishing and/or distribution affiliates, but performance remained with the counterparty (i.e.,
delivery of the product or content or other factors) and such commitments were therefore not recorded in our
Consolidated Financial Statements. See Note 9 of the Notes to Consolidated Financial Statements.
(8) BALANCE SHEET DETAILS
(a) Inventories
Inventories as of March 31, 2007 and 2006 consisted of (in millions):
2007 2006
As of March 31,
Raw materials and work in process ........................................... $1$1
Finished goods (including manufacturing royalties) ............................... 61 60
Inventories ........................................................... $ 62 $ 61
A significant amount of our inventory balance relates to our distribution business in Switzerland.
(b) Property and Equipment, Net
Property and equipment, net, as of March 31, 2007 and 2006 consisted of (in millions):
2007 2006
As of March 31,
Computer equipment and software ........................................... $ 555 $418
Buildings .............................................................. 194 127
Leasehold improvements................................................... 110 78
Office equipment, furniture and fixtures ....................................... 70 57
Land ................................................................. 65 57
Warehouse equipment and other ............................................. 10 11
Construction in progress ................................................... 10 59
1,014 807
Less accumulated depreciation .............................................. (530) (415)
Property and equipment, net .............................................. $ 484 $392
Depreciation expense associated with property and equipment amounted to $113 million, $79 million and
$69 million for the fiscal years ended March 31, 2007, 2006 and 2005, respectively.
Annual Report
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