Electronic Arts 2011 Annual Report Download - page 130
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The amounts represented in the table above reflect our unrecognized minimum cash obligations for the respective
fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our
Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates
the amounts are contractually due; however, certain payment obligations may be accelerated depending on the
performance of our operating results.
In addition to what is included in the table above as of March 31, 2011, we had a liability for unrecognized tax
benefits and an accrual for the payment of related interest totaling $238 million, of which approximately $37
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.
OFF-BALANCE SHEET COMMITMENTS
Lease Commitments
As of March 31, 2011, we leased certain of our current facilities, furniture and equipment under non-cancelable
operating lease agreements. We were required to pay property taxes, insurance and normal maintenance costs for
certain of these facilities and any increases over the base year of these expenses on the remainder of our facilities.
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.
INFLATION
We believe the impact of inflation on our results of operations has not been significant in any of the past three
fiscal years.
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