Electronic Arts 2009 Annual Report Download - page 107
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Annual Report
Item 6: Selected Financial Data
ELECTRONIC ARTS INC. AND SUBSIDIARIES
SELECTED FIVE-YEAR CONSOLIDATED FINANCIAL DATA
(In millions, except per share data)
Year Ended March 31,
STATEMENTS OF OPERATIONS DATA 2009 2008 2007(a) 2006 2005
Net revenue ...................................... $4,212 $3,665 $3,091 $2,951 $3,129
Cost of goods sold ................................. 2,127 1,805 1,212 1,181 1,197
Gross profit .................................... 2,085 1,860 1,879 1,770 1,932
Operating expenses:
Marketing and sales ............................. 691 588 466 431 391
General and administrative ........................ 332 339 288 215 221
Research and development ........................ 1,359 1,145 1,041 758 633
Acquired in-process technology .................... 3 138 3 8 13
Amortization of intangibles ....................... 58 34 27 7 3
Certain abandoned acquisition-related costs ........... 21————
Goodwill impairment ............................ 368————
Restructuring charges ............................ 80 103 15 26 2
Total operating expenses ........................ 2,912 2,347 1,840 1,445 1,263
Operating income (loss) .......................... (827) (487) 39 325 669
Losses on strategic investments, net ................... (62) (118) — — —
Interest and other income, net ........................ 34 98 99 64 56
Income (loss) before provision for (benefit from) income
taxes and minority interest ...................... (855) (507) 138 389 725
Provision for (benefit from) income taxes .............. 233 (53) 66 147 221
Income (loss) before minority interest ............... (1,088) (454) 72 242 504
Minority interest .................................. — — 4 (6) —
Net income (loss) ............................... $(1,088) $ (454) $ 76 $ 236 $ 504
Net income (loss) per share:
Basic ....................................... $ (3.40) $ (1.45) $ 0.25 $ 0.78 $ 1.65
Diluted ...................................... $ (3.40) $ (1.45) $ 0.24 $ 0.75 $ 1.59
Number of shares used in computation:
Basic ....................................... 320 314 308 304 305
Diluted ...................................... 320 314 317 314 318
BALANCE SHEET DATA
Cash and cash equivalents .......................... $1,621 $1,553 $1,371 $1,242 $1,270
Short-term investments ............................. 534 734 1,264 1,030 1,688
Marketable equity securities ......................... 365 729 341 160 140
Working capital ................................... 1,984 2,626 2,571 2,143 2,899
Total assets ...................................... 4,678 6,059 5,146 4,386 4,370
Long-term liabilities ............................... 408 421 88 97 54
Total liabilities ................................... 1,544 1,720 1,114 966 861
Minority interest .................................. ———1211
Total stockholders’ equity .......................... 3,134 4,339 4,032 3,408 3,498
(a) Beginning in fiscal 2007, we adopted SFAS No. 123(R), which required us to begin expensing stock-based
compensation. See Note 13 of the Notes to Consolidated Financial Statements for a detailed functional line-
item breakdown of our stock-based compensation expense.
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