Electronic Arts 2011 Annual Report Download - page 176

Download and view the complete annual report

Please find page 176 of the 2011 Electronic Arts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

(18) QUARTERLY FINANCIAL AND MARKET INFORMATION (UNAUDITED)
Quarter Ended Year
Ended(In millions, except per share data) June 30 September 30 December 31 March 31
Fiscal 2011 Consolidated
Net revenue ............................... $ 815 $ 631 $1,053 $1,090 $3,589
Gross profit ............................... 593 268 467 762 2,090
Operating income (loss) ..................... 98 (252) (303) 145 (312)
Net income (loss) ........................... 96
(a) (201)(b) (322)(c) 151(d) (276)
Common Stock
Net income (loss) per share—Basic and Diluted . . $ 0.29 $ (0.61) $ (0.97) $ 0.45 $ (0.84)
Common stock price per share
High ................................... $20.24 $17.53 $18.06 $20.20 $20.24
Low ................................... $14.06 $14.32 $14.67 $14.80 $14.06
Fiscal 2010 Consolidated
Net revenue ............................... $ 644 $ 788 $1,243 $ 979 $3,654
Gross profit ............................... 323 195 589 681 1,788
Operating income (loss) ..................... (245) (417) (107) 83 (686)
Net income (loss) ........................... (234)(e) (391)(f) (82)(g) 30(h) (677)
Common Stock
Net income (loss) per share—Basic and Diluted . . $ (0.72) $ (1.21) $ (0.25) $ 0.09 $ (2.08)
Common stock price per share
High ................................... $23.76 $22.14 $21.05 $18.99 $23.76
Low ................................... $17.48 $17.68 $15.86 $15.70 $15.70
(a) Net income includes losses on strategic investments of $5 million, $2 million of acquisition-related
contingent consideration, and restructuring charges of $2 million, all of which are pre-tax amounts.
(b) Net loss includes restructuring charges of $6 million, $(1) million on licensed intellectual property
commitment (COGS), a $(28) million gain on strategic investments, net, and $(28) million of acquisition-
related contingent consideration, all of which are pre-tax amounts.
(c) Net loss includes restructuring and other charges of $154 million and acquisition-related contingent
consideration of $1 million, both of which are pre-tax amounts.
(d) Net income includes $8 million of acquisition-related contingent consideration and restructuring and other
charges of $(1) million, both of which are pre-tax amounts.
(e) Net loss includes losses on strategic investments of $16 million and restructuring charges of $14 million,
both of which are pre-tax amounts.
(f) Net loss includes a loss on lease obligation (G&A) of $14 million, losses on strategic investments of $8
million, restructuring charges of $6 million, and $(2) million on licensed intellectual property commitment
(COGS), all of which are pre-tax amounts.
(g) Net loss includes restructuring charges of $100 million and losses on strategic investments of $1 million,
both of which are pre-tax amounts.
(h) Net income includes restructuring charges of $20 million, $2 million of acquisition-related contingent
consideration, $(1) million on licensed intellectual property commitment (COGS), and a $1 million loss on
strategic investments, all of which are pre-tax amounts.
Our common stock is traded on the NASDAQ Global Select Market under the symbol “ERTS”. The prices for
the common stock in the table above represent the high and low sales prices as reported on the NASDAQ Global
Select Market.
100