Electronic Arts 2011 Annual Report Download - page 136
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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
(In millions, except per share data) 2011 2010 2009
Net revenue .......................................................... $3,589 $3,654 $ 4,212
Cost of goods sold ..................................................... 1,499 1,866 2,127
Gross profit ........................................................ 2,090 1,788 2,085
Operating expenses:
Marketing and sales ................................................. 747 730 691
General and administrative ............................................ 301 320 332
Research and development ............................................ 1,153 1,229 1,359
Restructuring and other charges ........................................ 161 140 80
Amortization of intangibles ........................................... 57 53 58
Acquisition-related contingent consideration .............................. (17) 2 —
Goodwill impairment ................................................ — — 368
Certain abandoned acquisition-related costs ............................... — — 21
Acquired in-process technology ........................................ — — 3
Total operating expenses ............................................ 2,402 2,474 2,912
Operating loss .................................................... (312) (686) (827)
Gains (losses) on strategic investments, net ................................. 23 (26) (62)
Interest and other income, net ............................................ 10 6 34
Loss before provision for (benefit from) income taxes ...................... (279) (706) (855)
Provision for (benefit from) income taxes .................................. (3) (29) 233
Net loss ........................................................... $ (276) $ (677) $(1,088)
Net loss per share:
Basic and Diluted ................................................... $(0.84) $ (2.08) $ (3.40)
Number of shares used in computation:
Basic and Diluted ................................................... 330 325 320
See accompanying Notes to Consolidated Financial Statements.
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