Electronic Arts 2011 Annual Report Download - page 103
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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 2011 2010 2009 2008 2007
Net revenue ........................................... $3,589 $3,654 $ 4,212 $3,665 $3,091
Cost of goods sold ...................................... 1,499 1,866 2,127 1,805 1,212
Gross profit ......................................... 2,090 1,788 2,085 1,860 1,879
Operating expenses:
Marketing and sales .................................. 747 730 691 588 466
General and administrative ............................. 301 320 332 339 288
Research and development ............................. 1,153 1,229 1,359 1,145 1,041
Restructuring and other charges ......................... 161 140 80 103 15
Amortization of intangibles ............................ 57 53 58 34 27
Acquisition-related contingent consideration ............... (17) 2 — — —
Goodwill impairment ................................. — — 368 — —
Certain abandoned acquisition-related costs ................ — — 21 — —
Acquired in-process technology ......................... — — 3 138 3
Total operating expenses ............................. 2,402 2,474 2,912 2,347 1,840
Operating income (loss) ............................... (312) (686) (827) (487) 39
Gains (losses) on strategic investments, net .................. 23 (26) (62) (118) —
Interest and other income, net ............................. 10 6 34 98 99
Income (loss) before provision for (benefit from) income taxes
and minority interest ................................ (279) (706) (855) (507) 138
Provision for (benefit from) income taxes ................... (3) (29) 233 (53) 66
Income (loss) before minority interest .................... (276) (677) (1,088) (454) 72
Minority interest ....................................... — — — — 4
Net income (loss) .................................... $ (276) $ (677) $(1,088) $ (454) $ 76
Net income (loss) per share:
Basic ............................................ $(0.84) $ (2.08) $ (3.40) $ (1.45) $ 0.25
Diluted ........................................... $(0.84) $ (2.08) $ (3.40) $ (1.45) $ 0.24
Number of shares used in computation:
Basic ............................................ 330 325 320 314 308
Diluted ........................................... 330 325 320 314 317
As of March 31,
BALANCE SHEETS DATA 2011 2010 2009 2008 2007
Cash and cash equivalents ............................... $1,579 $1,273 $ 1,621 $1,553 $1,371
Short-term investments .................................. 497 432 534 734 1,264
Marketable equity securities .............................. 161 291 365 729 341
Working capital ........................................ 1,031 1,011 1,984 2,626 2,571
Total assets ........................................... 4,928 4,646 4,678 6,059 5,146
Long-term liabilities .................................... 363 343 408 421 88
Total liabilities ........................................ 2,364 1,917 1,544 1,720 1,114
Total stockholders’ equity ............................... 2,564 2,729 3,134 4,339 4,065
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