Electronic Arts 2008 Annual Report Download - page 138
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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data) 2008 2007 2006
Year Ended March 31,
Net revenue .................................................... $3,665 $3,091 $2,951
Cost of goods sold ............................................... 1,805 1,212 1,181
Gross profit .................................................. 1,860 1,879 1,770
Operating expenses:
Marketing and sales ............................................ 588 466 431
General and administrative ....................................... 339 288 215
Research and development ....................................... 1,145 1,041 758
Amortization of intangibles ...................................... 34 27 7
Acquired in-process technology ................................... 138 3 8
Restructuring charges ........................................... 103 15 26
Total operating expenses....................................... 2,347 1,840 1,445
Operating income (loss) ....................................... (487) 39 325
Losses on strategic investments ..................................... (118) — —
Interest and other income, net ...................................... 98 99 64
Income (loss) before provision for (benefit from) income taxes and minority
interest.................................................... (507) 138 389
Provision for (benefit from) income taxes .............................. (53) 66 147
Income (loss) before minority interest ............................... (454) 72 242
Minorityinterest ................................................ — 4 (6)
Net income (loss).............................................. $ (454) $ 76 $ 236
Net income (loss) per share:
Basic ....................................................... $(1.45) $ 0.25 $ 0.78
Diluted ..................................................... $(1.45) $ 0.24 $ 0.75
Number of shares used in computation:
Basic ....................................................... 314 308 304
Diluted ..................................................... 314 317 314
See accompanying Notes to Consolidated Financial Statements.
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