Electronic Arts 2010 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 2010 2009 2008 2007(a) 2006
Net revenue ...................................... $3,654 $ 4,212 $3,665 $3,091 $2,951
Cost of goods sold ................................. 1,866 2,127 1,805 1,212 1,181
Gross profit .................................... 1,788 2,085 1,860 1,879 1,770
Operating expenses:
Marketing and sales ............................. 730 691 588 466 431
General and administrative ........................ 320 332 339 288 215
Research and development ........................ 1,229 1,359 1,145 1,041 758
Restructuring charges ............................ 140 80 103 15 26
Amortization of intangibles ....................... 53 58 34 27 7
Acquisition-related contingent consideration .......... 2 ————
Goodwill impairment ............................ — 368———
Certain abandoned acquisition-related costs ........... — 21———
Acquired in-process technology .................... — 3 138 3 8
Total operating expenses ........................ 2,474 2,912 2,347 1,840 1,445
Operating income (loss) .......................... (686) (827) (487) 39 325
Losses on strategic investments, net ................... (26) (62) (118) — —
Interest and other income, net ........................ 6 34 98 99 64
Income (loss) before provision for (benefit from)
income taxes and minority interest ................ (706) (855) (507) 138 389
Provision for (benefit from) income taxes .............. (29) 233 (53) 66 147
Income (loss) before minority interest ............... (677) (1,088) (454) 72 242
Minority interest .................................. — — — 4 (6)
Net income (loss) ............................... $ (677) $(1,088) $ (454) $ 76 $ 236
Net income (loss) per share:
Basic ....................................... $(2.08) $ (3.40) $ (1.45) $ 0.25 $ 0.78
Diluted ...................................... $(2.08) $ (3.40) $ (1.45) $ 0.24 $ 0.75
Number of shares used in computation:
Basic ....................................... 325 320 314 308 304
Diluted ...................................... 325 320 314 317 314
BALANCE SHEET DATA
Cash and cash equivalents .......................... $1,273 $ 1,621 $1,553 $1,371 $1,242
Short-term investments ............................. 432 534 734 1,264 1,030
Marketable equity securities ......................... 291 365 729 341 160
Working capital ................................... 1,011 1,984 2,626 2,571 2,143
Total assets ...................................... 4,646 4,678 6,059 5,146 4,386
Long-term liabilities ............................... 343 408 421 88 97
Total liabilities ................................... 1,917 1,544 1,720 1,114 966
Minority interest .................................. — ———12
Total stockholders’ equity .......................... 2,729 3,134 4,339 4,065 3,408
(a) Beginning in fiscal year 2007, we were required 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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