Electronic Arts 2010 Annual Report Download - page 145
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Annual Report
ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
(In millions, except per share data) 2010 2009 2008
Net revenue .......................................................... $3,654 $ 4,212 $3,665
Cost of goods sold ..................................................... 1,866 2,127 1,805
Gross profit ........................................................ 1,788 2,085 1,860
Operating expenses:
Marketing and sales ................................................. 730 691 588
General and administrative ............................................ 320 332 339
Research and development ............................................ 1,229 1,359 1,145
Restructuring charges ................................................ 140 80 103
Amortization of intangibles ........................................... 53 58 34
Acquisition-related contingent consideration .............................. 2 — —
Goodwill impairment ................................................ — 368 —
Certain abandoned acquisition-related costs ............................... — 21 —
Acquired in-process technology ........................................ — 3 138
Total operating expenses ............................................ 2,474 2,912 2,347
Operating loss .................................................... (686) (827) (487)
Losses on strategic investments, net ....................................... (26) (62) (118)
Interest and other income, net ............................................ 6 34 98
Loss before provision for (benefit from) income taxes ...................... (706) (855) (507)
Provision for (benefit from) income taxes .................................. (29) 233 (53)
Net loss ........................................................... $ (677) $(1,088) $ (454)
Net loss per share:
Basic and Diluted ................................................... $(2.08) $ (3.40) $ (1.45)
Number of shares used in computation:
Basic and Diluted ................................................... 325 320 314
See accompanying Notes to Consolidated Financial Statements.
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