Electronic Arts 2008 Annual Report Download - page 164
Download and view the complete annual report
Please find page 164 of the 2008 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
a liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $360 million,
of which approximately $41 million is offset by prior cash deposits to tax authorities for issues pending
resolution. For the remaining liability, we are unable to make a reasonably reliable estimate of when cash
settlement with a taxing authority will occur.
Total rent expense for all operating leases was $94 million, $88 million and $59 million, for the fiscal years
ended March 31, 2008, 2007 and 2006, respectively.
Legal proceedings
We are subject to claims and litigation arising in the ordinary course of business. We do not believe that any
liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the
aggregate, would have a material adverse effect on our consolidated financial position or results of operations.
Director Indemnity Agreements
We entered into indemnification agreements with each of the members of our Board of Directors at the time
they joined the Board to indemnify them to the extent permitted by law against any and all liabilities, costs,
expenses, amounts paid in settlement and damages incurred by the directors as a result of any lawsuit, or any
judicial, administrative or investigative proceeding in which the directors are sued or charged as a result of
their service as members of our Board of Directors.
(10) INCOME TAXES
The components of the provision (benefit) for income taxes are as follows (in millions):
2008 2007 2006
Year Ended March 31,
Domestic ...................................................... $(353) $ 31 $200
Foreign ........................................................ (154) 107 189
Income (loss) before provision for income taxes and minority interest.......... $(507) $138 $389
Income tax expense (benefit) for the fiscal years ended March 31, 2008, 2007 and 2006 consisted of (in
millions):
Current Deferred Total
Year Ended March 31, 2008
Federal ...................................................... $(28) $(43) $(71)
State........................................................ (1) (21) (22)
Foreign ...................................................... 46 (6) 40
$ 17 $(70) $ (53)
Year Ended March 31, 2007
Federal ...................................................... $ 98 $(31) $ 67
State........................................................ 4 (22) (18)
Foreign ...................................................... 14 3 17
$116 $(50) $ 66
Year Ended March 31, 2006
Federal ...................................................... $ 91 $17 $108
State........................................................ 13 2 15
Foreign ...................................................... 32 (8) 24
$136 $ 11 $147
88