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Electronic Arts Inc.
Fiscal Year 2013
Proxy Statement and Annual Report

Table of contents

  • Page 1
    Electronic Arts Inc. Fiscal Year 2013 Proxy Statement and Annual Report

  • Page 2

  • Page 3
    Proxy Statement Notice of 2013 Annual Meeting and Proxy Statement

  • Page 4
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  • Page 5
    ... named executive officers; and • Ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending March 31, 2014. After the official business of the meeting is concluded, we will report on our recent performance and answer your questions. Details...

  • Page 6
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  • Page 7
    ... proxy materials, your enclosed proxy card. This Proxy Statement and our Annual Report on Form 10-K for fiscal year ended March 31, 2013, are available at http://investor.ea.com. By Order of the Board of Directors, Stephen G. Bené Senior Vice President, General Counsel and Corporate Secretary

  • Page 8
    ... ...Fiscal 2013 Director Compensation Table ...PROPOSAL 2: APPROVAL OF AMENDMENTS TO THE 2000 EQUITY INCENTIVE PLAN ...PROPOSAL 3: APPROVAL OF AN AMENDMENT TO THE 2000 EMPLOYEE STOCK PURCHASE PLAN ...PROPOSAL 4: ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS ...PROPOSAL...

  • Page 9
    ... registered public accounting firm. • "Annual Report" and "2013 Annual Report" mean our annual report for the fiscal year ended March 31, 2013. In this Proxy Statement, we may make forward-looking statements regarding future events or the future financial performance of the Company. Statements...

  • Page 10
    ... materials to you in connection with the solicitation of proxies for use at our 2013 Annual Meeting of Stockholders, which will take place on Wednesday, July 31, 2013 at 2:00 p.m. local time, at our corporate headquarters in Redwood City, California. This Proxy Statement describes proposals on which...

  • Page 11
    ... such a statement to the Company's Secretary at our corporate headquarters address listed on the Notice of 2013 Annual Meeting of Stockholders); • Signing another proxy with a later date; • Voting by telephone or on the internet at any time prior to 11:59 p.m. Eastern Time on July 30, 2013 (your...

  • Page 12
    ...sign and return your proxy without voting instructions, your shares will be voted as recommended by the Board of Directors. What is the effect of a "broker non-vote" on the proposals to be voted on at the 2013 Annual Meeting? If your shares are not registered in your name and you do not provide your...

  • Page 13
    ... to the Investor Relations section of our web site at http://investor.ea.com. An archived copy of the webcast will also be available on our website for one year following the Annual Meeting. Please note that participation in the question and answer portion of the Annual Meeting will be limited to...

  • Page 14
    ... OF DIRECTORS At the Annual Meeting, stockholders will elect eight directors to hold office for a one-year term until the next annual meeting (or until their respective successors are elected and qualified). All nominees have consented to serve a one-year term, if elected. The Board of Directors has...

  • Page 15
    ...a board member on numerous companies, both public and private, and is familiar with a full range of corporate and board functions. His many years of experience in helping companies shape and implement strategy provide the Board of Directors with useful perspectives on matters such as risk management...

  • Page 16
    ... a number of executive positions at Nokia Corporation, including Executive Vice President, Head of Mobile Phones and Sourcing, Chief Financial Officer, and Vice President & Head of Customer Finance of Nokia. In 2001, Mr. Simonson was Managing Director of the Telecom & Media Investment Banking Group...

  • Page 17
    ..., has served as Executive Vice President of Digital Products and Services of The New York Times Company since March 2013. Prior to this role, Ms. Warren served as General Manager of NYTimes.com from December 2008 to March 2013 and as Chief Advertising Officer of The New York Times from June 2005 to...

  • Page 18
    ... for the Company. Given his 29 years of experience with the Company, more than 15 of which he served as Chief Executive Officer, Mr. Probst has invaluable knowledge regarding the Company and gaming industry and is uniquely positioned to lead the Board in their review of management's strategic plans...

  • Page 19
    ...meetings as needed during the year. The Compensation Committee also takes action by written consent, often after informal telephone discussions and other communications among the Compensation Committee members and members of management. During fiscal 2013, the Compensation Committee met eleven times...

  • Page 20
    ...unable to fulfill the responsibilities of the role and also periodically evaluates internal and external CEO candidates for succession planning purposes. The Committee also reviews with management diversity, corporate responsibility and sustainability issues affecting the Company. The Nominating and...

  • Page 21
    ...of the date on which EA's proxy statement was released to stockholders in connection with the previous year's annual meeting (on or about February 14, 2014, for our 2014 Annual Meeting of Stockholders). Recommendations should include: (1) the stockholder's name, address and telephone number; (2) the...

  • Page 22
    ...which oversees the financial reporting, global audit and legal compliance functions. The Nominating and Governance Committee reviews issues of director and CEO succession. Compensation-related risks are reviewed by the Compensation Committee with members of management responsible for structuring the...

  • Page 23
    ... an exercise price equal to the fair market value of our common stock on the date of grant, which is the first trading day of each quarter of the Board year. Other Benefits Non-employee directors, who are not employed with any other company, are offered an opportunity to purchase certain EA health...

  • Page 24
    ... Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. Each non-employee director standing for re-election at the 2012 Annual Meeting received an RSU grant of 10,000 shares of EA common stock with a grant-date fair value of $109,400 based on a closing price...

  • Page 25
    ... Benefit Plans," of the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The aggregate number of unexercised stock options held by each of our non-employee directors as of March 31, 2013 (the last day of fiscal 2013) was as follows: Mr...

  • Page 26
    ... an annual increase to the number of shares authorized under the Equity Plan based on the allowable industry limits under the shareholder value transfer model and it is expected that we will continue to follow this practice and request additional shares at the 2014 Annual Meeting. The Equity Plan...

  • Page 27
    ... program and our ability to attract and retain key employees. We believe that amending the eligibility provisions of the Equity Plan to increase the number of shares covered by awards to new employees to 4,000,000 per fiscal year will provide the Compensation Committee and the Board of Directors...

  • Page 28
    ... read the summary of its material terms, as proposed to be amended, included as Appendix B of this Proxy Statement, and full text of the Purchase Plan, as proposed to be amended, filed with the SEC on or about June 14, 2013. The following table presents information since the beginning of fiscal 2012...

  • Page 29
    ... Annual Meeting: "RESOLVED, that the Company's stockholders approve, on an advisory basis, the compensation of the named executive officers for fiscal 2013, as disclosed in the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosures in this Proxy Statement...

  • Page 30
    ...Company's financial statements and are not reported under "Audit Fees." These services may include employee benefit plan audits, accounting consultations in connection with transactions, and merger and acquisition due diligence. In fiscal year 2013, these fees relate to acquisition-related financial...

  • Page 31
    ...group of services is provided by the Audit Committee for up to a year, subject to a specific budget and to regular management reporting. In other cases, the Chairman of the Audit Committee has the delegated authority from the Audit Committee to preapprove additional services up to a specified dollar...

  • Page 32
    ... audit and audit-related services paid to KPMG LLP in fiscal 2013 are compatible with maintaining KPMG LLP's independence. Required Vote and Board of Directors' Recommendation Approval of this proposal requires the affirmative vote of a majority of the voting shares present at the meeting in person...

  • Page 33
    ... the Board of Directors in its oversight responsibilities relating to the integrity of EA's accounting policies, internal controls and financial reporting. The Audit Committee reviews EA's quarterly and annual financial statements prior to public earnings releases and submission to the SEC; reviews...

  • Page 34
    ...last two years ended March 31, 2013 and the audited consolidated statements of operations, comprehensive income (loss), stockholders' equity, and cash flows of the Company for each of the last three years ended March 31, 2013 be included for filing with the SEC in the Company's Annual Report on Form...

  • Page 35
    ... indicated, the address for each of our directors and executive officers is c/o Electronic Arts Inc., 209 Redwood Shores Parkway, Redwood City, CA 94065. Shares Owned(1) Right to Acquire(2) Percent of Outstanding Shares(3) Stockholder Name Fidelity Management & Research Company(4) ...Manning...

  • Page 36
    ...,713 shares of common stock are held by the Probst Family LP, of which Mr. Probst is a partner. Riccitiello resigned as EA's Chief Executive Officer, effective March 29, 2013 and entered into a Separation Agreement with EA dated March 25, 2013. all executive officers and directors of EA as of May 23...

  • Page 37
    ... as CEO, citing his personal accountability for failing to execute the Company's fiscal 2013 operating plan successfully. The Company entered into a separation agreement ("Separation Agreement") with Mr. Riccitiello, which included cash and equity severance components to be paid over time and...

  • Page 38
    ... - Our non-GAAP digital revenues increased by 36% over the prior year driven by (1) online-delivered content and services such as FIFA and Madden Ultimate Team and the Battlefield 3 Premium subscription service and (2) strength in mobile with hits such as The Simpsons Tapped Out and Real Racing...

  • Page 39
    ...peer companies, start-up companies and large diversified technology and entertainment companies. The Committee looked at a number of alternatives to help promote long-term retention and decided to grant additional time-based RSUs to eight members of our Company-wide executive team during fiscal 2013...

  • Page 40
    ... consoles, our own platform development, and our continued expansion of digital revenue opportunities. The retention awards were granted to our NEOs in July 2012, following stockholder approval of an amendment to the 2000 Equity Incentive Plan at the Company's 2012 Annual Meeting. Supplemental CEO...

  • Page 41
    ... companies in the entertainment and technology/internet industries, who also compete with EA for executive talent. Compensation Benchmarking In February 2012, Compensia conducted a comprehensive analysis of our executive compensation programs using publicly available information on our peer group...

  • Page 42
    ...President of EA Labels and is responsible for leading all of the Company's development activities including product development, worldwide product management of packaged goods and online offerings for EA SPORTS, EA Games, Maxis, PopCap and our All Play studios. Mr. Gibeau was promoted into this role...

  • Page 43
    ... Company in September 2012 as our Executive Vice President and Chief Financial Officer. In this role, Mr. Jorgensen oversees the Company's global finance and accounting operations. Mr. Jorgensen brings to the Company his experience in on-line commerce and entertainment, as well as in consumer goods...

  • Page 44
    ... equity shares granted to Mr. Söderlund in fiscal 2013 will be eligible to vest in fiscal 2016. Mr. Wilson Mr. Wilson is Executive Vice President, EA SPORTS. In this role, Mr. Wilson has responsibility for the product development, worldwide product management and marketing for all packaged goods...

  • Page 45
    ...responsibilities for part of the fiscal year while also performing his role as the Company's Chief Accounting Officer, his support of our new Chief Financial Officer, and oversight of the Company's stock repurchase programs. Equity Awards: In June 2012, the Committee granted Mr. Barker a fiscal 2013...

  • Page 46
    ... Summary Compensation Table" (the "Accounting Value"); and (2) the value of the compensation he actually received (the "Realized Value"). In fiscal 2011 and fiscal 2012, the primary differences in these values was largely attributed to the design of our equity programs and the Company's stock price...

  • Page 47
    ... profit before tax, and non-GAAP digital revenue. These non-GAAP financial measures exclude the following items (as applicable, in a given reporting period): acquisition-related expenses, changes in deferred net revenue (online-enabled games), losses (gains) on strategic investments, amortization...

  • Page 48
    ... not limited to, profitability, nonGAAP net revenue and digital revenue, as well as individual contributions. For additional information regarding the specific items excluded from the non-GAAP financial measures used by the Company in fiscal 2013, see the Company's Form 8-K Current Report dated May...

  • Page 49
    (PC, Xbox 360 and PlayStation 3) for fiscal 2013; the Company's continued strength in mobile gaming with hits such as The Simpsons Tapped Out and Real Racing 3; continued strong growth in online-delivered content and services such as FIFA and Madden Ultimate Team and the Battlefield 3 Premium ...

  • Page 50
    ... the companies in the NASDAQ-100 in subsequent measurement periods, (i.e. fiscal 2014 through fiscal 2015 or fiscal 2014 through fiscal 2016). Prior Performance-Based RSU Program We have previously utilized performance-based equity to motivate management and reward increased profitability. Each...

  • Page 51
    ... benefits provided to NEOs are reported in the "All Other Compensation" column of the "Fiscal 2013 Summary Compensation Table" below. Post-Employment Arrangements Change of Control Plan Our executive officers, including our NEOs, are eligible to participate in the Electronic Arts Inc. Key Employee...

  • Page 52
    ... certain employees (including all of our executive officers) who regularly have access to material, non-public information about the Company are prohibited from buying or selling shares of the Company's common stock during periods when the Company's trading window is closed (unless such transactions...

  • Page 53
    ... has reviewed and discussed with management the Compensation Discussion and Analysis. Based on its review and discussions with management, the Committee recommended to our Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement. COMMITTEE MEMBERS Jay...

  • Page 54
    ... 14, "Stock-Based Compensation and Employee Benefit Plans", of the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. Represents amounts awarded under the Electronic Arts Inc. Executive Bonus Plan ("Executive Bonus Plan") for fiscal 2013 for...

  • Page 55
    ... on the date of grant. For additional information regarding the valuation methodology for RSUs, see Note 14, "Stock-Based Compensation and Employee Benefit Plans", to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The performance...

  • Page 56
    ...grant date fair value of 37,500 RSUs with time-based vesting granted to Mr. Barker in fiscal 2013 of $466,125. Mr. Riccitiello resigned as EA's Chief Executive Officer, effective March 29, 2013 and entered into a Separation Agreement with EA dated March 25, 2013. For additional information regarding...

  • Page 57
    ...and Employee Benefit Plans", to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The number of RSUs that vest will be based on EA's total stockholder return ("TSR") relative to the performance of those companies in the NASDAQ-100 Index...

  • Page 58
    ... and assumptions used to calculate fair value, see Note 14, "Stock-Based Compensation and Employee Benefit Plans", to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2013. For additional information regarding the specific terms of the...

  • Page 59
    ... YEAR-END TABLE The following tables show information regarding outstanding stock options and outstanding RSUs held by the Named Executive Officers as of the end of fiscal 2013. All stock options and RSUs were granted pursuant to EA's 2000 Equity Incentive Plan. The market value of the unvested time...

  • Page 60
    ... 10,000 RSUs on July 26, 2012 for his services as a director for fiscal 2013, as reported in the "Stock Awards" column of the "Fiscal 2013 Director Compensation Table" above. These RSUs will vest in their entirety on July 26, 2013. Time-based RSUs with one-fourth of the units vesting on each of the...

  • Page 61
    ...based on EA's total stockholder return ("TSR") relative to the performance of those companies in the NASDAQ-100 Index on April 3, 2011 (the "NASDAQ-100"). The TSR for the Company and the NASDAQ 100 will be measured over a three-year performance period covering fiscal years 2012 through 2014 with one...

  • Page 62
    ...the RSUs during fiscal 2013. The value realized upon vesting of RSUs is calculated by multiplying the number of RSUs vested by the prior day's closing price of EA common stock on the vest date. POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL Electronic Arts Key Employee Continuity Plan All...

  • Page 63
    ... of the Company as measured over a three year performance period with one-, two-, and three-year TSR measurement periods. Pursuant to the terms of the Fiscal 2012 and 2013 Performance-Based RSUs, and subject to the timely execution of a severance agreement and release, in the event of a change of...

  • Page 64
    ... of employment without "cause" or for "good reason" in connection with a change of control of the Company. For purposes of the table below, we have assumed a termination date of March 29, 2013, the last business day of fiscal 2013. The fair market value of our common stock on March 29, 2013 was...

  • Page 65
    ... June 29, 2014. The value of the performance-based RSUs was calculated by multiplying the number of RSUs that would accelerate by the per-share closing price of our common stock on March 28, 2013. (5) Includes eighteen months of post-termination health benefits and any accrued paid time off with...

  • Page 66
    ... of fiscal 2013 including the 2000 Equity Incentive and 2000 Employee Stock Purchase Plans. Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column A) (C) Plan Category(1) Number of Securities to be Issued upon Exercise...

  • Page 67
    ... of EA and its stockholders, as determined in good faith. CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS We enter into indemnification agreements with each of the members of our Board of Directors at the time they join the Board of Directors to indemnify them to the extent permitted by law...

  • Page 68
    ... required, we believe that during the fiscal year ended March 31, 2013, all Section 16(a) filing requirements applicable to our officers, directors and greater-than-ten-percent stockholders were complied with on a timely basis. STOCKHOLDER PROPOSALS FOR 2014 ANNUAL MEETING If you would like us to...

  • Page 69
    ...Equity Incentive Plan and the 2000 Employee Stock Purchase Plan, each as proposed to be amended. Any such request should be directed as follows: Stock Administration Department, Electronic Arts Inc., 209 Redwood Shores Parkway, Redwood City, CA 94065 - telephone number (650) 628-1500. OTHER BUSINESS...

  • Page 70
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  • Page 71
    ...Company's stockholders at the 2013 Annual Meeting. The following general description is qualified in its entirety by reference to the text of the Equity Plan, as proposed to be amended, as filed by the Company with the SEC on or about June 14, 2013. Unless otherwise indicated, capitalized terms used...

  • Page 72
    ...the meaning of SEC Rule 144; or (2) were obtained by the award holder in the public market; (d) by waiver of compensation due or accrued for services rendered; (e) with respect only to purchases upon exercise of an option, and provided that a public market for the Company's stock exists: (1) subject...

  • Page 73
    ... provides the holder with the right to receive the appreciation in value of a set number of shares of company stock or cash over a set period of time. A SAR is similar to an option in that the holder benefits from any increases in stock price above the exercise price set forth in the award agreement...

  • Page 74
    ... net profit; (j) gross margin; (k) operating expenses or operating expenses as a percentage of revenue; (l) net income; (m) diluted earnings per share; (n) total stockholder return; (o) market share; (p) return on assets or net assets; (q) the Company's stock price; (r) growth in stockholder value...

  • Page 75
    ... the fair market value of the ISO Shares on the date of exercise (or, if less, the amount realized on a sale of such shares) and the option exercise price, will be treated as ordinary income. Any additional gain will be capital gain, taxed at a rate that depends upon the amount of time the ISO...

  • Page 76
    ...or depreciation in the value of the shares will be treated as capital gain or loss, taxable at a rate that depends upon the length of time the shares were held by the participant. Internal Revenue Code Section 409A At the present time, the Company intends to grant equity awards to participants which...

  • Page 77
    ... Plan At the 2013 Annual Meeting, stockholders will be asked to approve an amendment to the Equity Plan to increase the number of shares authorized under the Equity Plan by 18,000,000 shares. Stockholders will also be asked to approve an amendment to provide that new employees may receive awards...

  • Page 78
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  • Page 79
    ... price were determined by using 85 percent of the fair market value of a share of the Company's common stock on the Offering Date or (b) the maximum number of shares set by the Board. In addition, no employee may purchase shares at a rate that, when aggregated with all other rights to purchase stock...

  • Page 80
    ... two-year holding periods described above (in any case a "disqualifying disposition"), the employee will realize ordinary income at the time of sale or other disposition taxable to the extent that the fair market value of the shares at the date of purchase was greater than the purchase price. This...

  • Page 81
    Proposed Amendment of the 2000 Employee Stock Purchase Plan At the 2013 Annual Meeting, stockholders will be asked to increase by 7,000,000 the number of shares of the Company's common stock reserved for issuance under the Purchase Plan. Proxy Statement B-3

  • Page 82
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  • Page 83
    2013 Annual Report on Form 10-K Annual Report

  • Page 84
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  • Page 85
    ...Address of principal executive offices) 94065 (Zip Code) Registrant's telephone number, including area code: (650) 628-1500 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Common Stock, $0.01 par value Name of Each Exchange on Which Registered Annual Report NASDAQ...

  • Page 86
    ... ARTS INC. 2013 FORM 10-K ANNUAL REPORT Table of Contents Page PART I Item 1 Business ...Item 1A Risk Factors ...Item 1B Unresolved Staff Comments ...Item 2 Properties ...Item 3 Legal Proceedings ...Item 4 Mine Safety Disclosures ...PART II Item 5 Market for Registrant's Common Equity, Related...

  • Page 87
    ...(and those of other publishers) directly through our Origin online platform, as well as through third-party online download stores and services, including through Sony's PlayStation Network and Microsoft's Xbox LIVE Marketplace; We provide games for mobile devices and Internet-only games such as our...

  • Page 88
    ... of our online and wireless platforms. Significant Business Developments in Fiscal Year 2013 Digital Content Distribution and Services. Consumers are spending an ever-increasing portion of their money and time on interactive entertainment that is accessible online, or through mobile digital devices...

  • Page 89
    ... are supported by our Global Publishing Organization that is responsible for the distribution, sales, and marketing of our products, including strategic planning, operations, and manufacturing functions. EA Games EA Games is home to the largest number of our studios and development teams, which...

  • Page 90
    ... video game companies and large media companies to obtain license agreements for the right to use some of the intellectual property included in our products. Competition in Games for Console Devices We compete directly with Sony, Microsoft and Nintendo, each of which develop and publish software...

  • Page 91
    ... in Online Gaming Services The online (i.e., Internet-based) games market is characterized by frequent product introductions, new and evolving business models and new platforms. We expect new competitors to enter the market and existing competitors to allocate more resources toward developing online...

  • Page 92
    ... to market or distribute any of our applications. Retailers As our business becomes increasingly digital, more of our products and services are purchased over the Internet through Origin, our direct-to-consumer platform, or through digital downloads from third party retailers or through mobile...

  • Page 93
    ..., EA Labels Chief Operating Officer Chief Technology Officer Executive Vice President, EA Games Label Executive Vice President, EA SPORTS Executive Vice President, Business and Legal Affairs Executive Vice President and Chief Talent Officer Senior Vice President, Chief Accounting Officer Senior Vice...

  • Page 94
    ... was named President, Chief Operating Officer in August 2011. Prior to that time, he served as President, EA SPORTS, from September 2007. From January 2003 until he joined Electronic Arts, Mr. Moore was with Microsoft where he served as head of Xbox marketing and was later named as Corporate Vice...

  • Page 95
    ... 2012 to August 2012, he also served as Interim Chief Financial Officer. From June 2003 to April 2006, Mr. Barker held the position of Vice President, Chief Accounting Officer. Prior to joining Electronic Arts, Mr. Barker was employed at Sun Microsystems, Inc., as Vice President and Corporate...

  • Page 96
    ... of games that we develop, publish and distribute: in fiscal year 2011, we published 36 primary packaged goods titles, and in fiscal year 2014, we expect to release 11 major titles and plan to build additional online features, content and services around these titles. Publishing fewer titles means...

  • Page 97
    ... financial returns. We are actively seeking to monetize game properties through a variety of new platforms and business models, including online distribution of full games and additional content, free-to-play games supported by advertising and/or micro-transactions on social networking services...

  • Page 98
    ... technologies - to support existing services and to introduce new products and services including websites, ecommerce capabilities, online game communities and online game play services. Launching high profile games and services, and creating the appropriate support for online business initiatives...

  • Page 99
    ... of our products and management of our businesses is extremely competitive. Our leading position within the interactive entertainment industry makes us a prime target for recruiting of executives and key creative talent. If we cannot successfully recruit and retain the employees we need, or replace...

  • Page 100
    ... the years ended March 31, 2013, 2012 and 2011, respectively. For our digital products and services delivered direct to consumers via digital channels such as Sony's PlayStation Network, Microsoft's Xbox LIVE Marketplace, Apple's App Store, the Google Play store and Facebook, the channel partner has...

  • Page 101
    ... of companies, businesses, intellectual properties, and other assets, (2) minority investments in strategic partners, and (3) investments in new interactive entertainment businesses (e.g., online and mobile publishing platforms) as part of our long-term business strategy. These transactions involve...

  • Page 102
    ... may assert claims against us relating to patents, copyrights, trademarks, personal publicity rights, or other intellectual property rights to technologies, products or delivery/payment methods that are important to our business. Although we believe that we make reasonable efforts to ensure that our...

  • Page 103
    ... our business and financial condition. Annual Report In July 2011, we issued $632.5 million aggregate principal amount of 0.75% Convertible Senior Notes due 2016 (the "Notes"), resulting in debt service obligations on the Notes of approximately $5 million per year. In addition, in August 2012, we...

  • Page 104
    ... and in some cases currently applicable tax laws are ill-suited to address these kinds of transactions. Apart from an adverse resolution of these uncertainties, our effective tax rate also could be adversely affected by our profit levels, by changes in our business or changes in our structure...

  • Page 105
    ...contribute to the public stock markets experiencing extreme price and trading volume volatility. These broad market fluctuations have and could continue to adversely affect the market price of our common stock. In July 2012, we announced that our Board of Directors authorized a program to repurchase...

  • Page 106
    ... the Company expects that the Court will do so. In March 2011, Robin Antonick filed a complaint in the United States District Court for the Northern District of California, alleging that he wrote the source code for the original John Madden Football game published by EA in 1988 and that EA used...

  • Page 107
    ..., Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information Our common stock is traded on the NASDAQ Global Select Market under the symbol "EA". Our symbol changed from "ERTS" to "EA" on December 20, 2011. The following table sets forth the quarterly high and low sales...

  • Page 108
    ... table summarizes the number of shares repurchased in the fourth quarter of the fiscal year ended March 31, 2013: Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions) Period Total Number...

  • Page 109
    ...12 3/13 Annual Report Electronic Arts, Inc. NASDAQ Composite S&P 500 RDG Technology Composite * Based on $100 invested on March 31, 2008 in stock or index, including reinvestment of dividends. March 31, 2010 2011 2008 2009 2012 2013 Electronic Arts Inc. S&P 500 Index NASDAQ Composite Index...

  • Page 110
    ...Selected Financial Data ELECTRONIC ARTS INC. AND SUBSIDIARIES SELECTED FIVE-YEAR CONSOLIDATED FINANCIAL DATA (In millions, except per share data) STATEMENTS OF OPERATIONS DATA 2013 Year Ended March 31, 2012 2011 2010(a) 2009 Net revenue ...Cost of revenue ...Gross profit ...Total operating expenses...

  • Page 111
    ...our core intellectual properties into year-round businesses available on a range of platforms. Our products and services may be purchased through physical and online retailers, platform providers such as console manufacturers and mobile carriers via digital downloads, as well as directly through our...

  • Page 112
    ... and advertising (digital) products and services from $1,159 million in fiscal year 2012 to $1,440 million in fiscal year 2013 and we expect this portion of our business to continue to grow in fiscal 2014 and beyond. Wireless and Internet Platforms; Casual and Mobile Games. Advances in technology...

  • Page 113
    ... hosting support in order to utilize the game or related content (i.e., cannot be played without an Internet connection). This includes (1) entitlements to content that are accessed through hosting services (e.g., micro-transactions for Internet-based, social network and mobile games), (2) massively...

  • Page 114
    ... of time consumers are online as online connectivity is required. During the first quarter of each fiscal year, we review consumers' online gameplay of all online-enabled games that have been released 12 to 24 months prior to the evaluation date. For example, if our evaluation date is April 1, 2013...

  • Page 115
    ... periods. In the future, actual returns and price protections may materially exceed our estimates as unsold software products in the distribution channels are exposed to rapid changes in consumer preferences, market conditions or technological obsolescence due to new platforms, product updates...

  • Page 116
    ... payment terms of our customers. Significant management judgment is required to estimate our allowance for doubtful accounts in any accounting period. The amount and timing of our bad debt expense and cash collection could change significantly as a result of a change in any of the evaluation factors...

  • Page 117
    ... be successful in the marketplace. Also, our revenue and earnings are dependent on our ability to meet our product release schedules. In assessing impairment on our goodwill, we first analyze qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit...

  • Page 118
    ... launch of a product are charged to research and development expense. Impairments or losses determined post-launch are charged to cost of revenue. We evaluate long-lived royalty-based assets for impairment generally using undiscounted cash flows when impairment indicators exist. Unrecognized minimum...

  • Page 119
    ... programming thirdparty websites with our game content, (6) allowing other companies to manufacture and sell our products in conjunction with other products, and (7) advertisements on our online web pages and in our games. We provide three different measures of our Net Revenue. Two of these measures...

  • Page 120
    ... our MMOs are included in either Digital revenue or Publishing and other revenue depending on whether the sale was a full-game digital download or a packaged goods sale. Comparison of Fiscal Year 2013 to Fiscal Year 2012 Net Revenue For fiscal year 2013, net revenue was $3,797 million and decreased...

  • Page 121
    ...year. Our total net revenue by revenue composition for fiscal years 2013 and 2012 was as follows (in millions): Year Ended March 31, 2013 2012 $ Change % Change Annual Report Publishing and other ...Wireless, Internet-derived, and advertising (digital) ...Distribution ...Net Revenue before Revenue...

  • Page 122
    ... Advertising (Digital) Revenue Digital revenue includes revenue from sales of our internally-developed and co-published game software distributed through direct download through the Internet, including through our direct-to-consumer platform Origin, or distributed wirelessly through mobile carriers...

  • Page 123
    ... product and service and other revenue by revenue composition for fiscal years 2013 and 2012 was as follows (in millions): Year Ended March 31 2013 2012 Product revenue: Publishing and other ...Wireless, Internet-derived, and advertising (digital) ...Distribution ...Total product revenue ...Service...

  • Page 124
    ... revenue, (4) server costs related to our website advertising business, and (5) platform processing fees from operating our website-based games on third party platforms. Cost of service and other revenue increased by $79 million, or 35.3 percent in fiscal year 2013, as compared to fiscal year 2012...

  • Page 125
    ... fees for professional services such as legal and accounting, and allowances for doubtful accounts. General and administrative expenses for fiscal years 2013 and 2012 were as follows (in millions): March 31, 2013 % of Net Revenue March 31, 2012 % of Net Revenue $ Change % Change Annual Report $354...

  • Page 126
    ...March 31, 2012 % of Net Revenue $ Change % Change $39 1% $- -% $39 -% During fiscal year 2013, we sold our investment in Neowiz for proceeds of $72 million, and realized a gain of $39 million, net of costs to sell. We did not recognize any impairment charges or losses on our marketable equity...

  • Page 127
    ... the PopCap and KlickNation acquisitions. Our effective income tax rates for fiscal year 2014 and future periods will depend on a variety of factors, including changes in the deferred tax valuation allowance, changes in our business such as acquisitions and intercompany transactions, changes in our...

  • Page 128
    ...our micro-transactions revenue from browser-based games including games played on Facebook such as The Sims Social, and (3) our FIFA Ultimate Team add-on game service. Service and other revenue for fiscal year 2012 increased $320 million, or 78 percent, as compared to fiscal year 2011. This increase...

  • Page 129
    ... by our Pogo-branded online services. Distribution Revenue Distribution revenue includes (1) sales of game software developed by independent game developers that we distribute and (2) sales through our Switzerland distribution business. For fiscal year 2012, distribution Net Revenue was $223 million...

  • Page 130
    ... publishing and digital sales during the twelve months ended December 31, 2012, and a higher percentage of those sales being comprised of games sales that have an online service component, as compared to the same period in fiscal year 2011. Product Revenue and Service and Other Revenue by Revenue...

  • Page 131
    ... revenue related to certain online-enabled games for fiscal year 2012 as compared to fiscal year 2011, which positively impacted gross profit as a percent of total net revenue by 2.2 percent. These decreases are partially offset by (1) increased expenses related to our online and customer experience...

  • Page 132
    ... Net Revenue $ Change % Change $377 9% $296 8% $81 27% General and administrative expenses increased by $81 million, or 27 percent, in fiscal year 2012, as compared to fiscal year 2011. The increase was primarily due to (1) a $35 million increase in contracted service costs related to online...

  • Page 133
    ... increase in foreign currency transaction losses as compared to the same period in the prior year. Income Taxes Benefit from income taxes for fiscal years 2012 and 2011 was as follows (in millions): March 31, 2012 Effective Tax Rate March 31, 2011 Effective Tax Rate Annual Report $(58) (322...

  • Page 134
    ... 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, to address concerns expressed by preparers while still providing useful information about certain transactions involving master netting arrangements. The new disclosures are designed to make financial statements...

  • Page 135
    ... stock during fiscal year 2013 as compared to fiscal year 2012, and (2) $107 million paid for the purchase of the Convertible Note Hedge during fiscal year 2012. Short-term Investments and Marketable Equity Securities Due to our mix of fixed and variable rate securities, our short-term investment...

  • Page 136
    ...capital expenditures, business acquisitions or stock repurchase programs. Depending on which short-term investments we liquidate to fund these activities, we could recognize a portion, or all, of the gross unrealized gains or losses. Our marketable equity securities as of March 31, 2012 consisted of...

  • Page 137
    ... to the extent that the market price per share of its common stock exceeds $41.14 on or prior to the expiration date of the Warrants. We received proceeds of $65 million from the sale of the Warrants. See Note 11 to the Consolidated Financial Statements for additional information related to our 0.75...

  • Page 138
    ...plan. In July 2012, our Board of Directors authorized a new program to repurchase up to $500 million of our common stock. Under this new program, we may purchase stock in the open market or through privately-negotiated transactions in accordance with applicable securities laws, including pursuant to...

  • Page 139
    ... to, those related to customer demand and acceptance of our products, our ability to collect our accounts receivable as they become due, successfully achieving our product release schedules and attaining our forecasted sales objectives, the impact of acquisitions and other strategic transactions in...

  • Page 140
    ... to March 31, 2013, we entered into various licensor and development agreements with third parties, which contingently commits us to pay up to $163 million at various dates through fiscal year 2020. The unrecognized amounts represented in the table above reflect our minimum cash obligations for the...

  • Page 141
    ... portfolio consists of highly liquid investments with insignificant interest rate risk and original or remaining maturities of three months or less at the time of purchase. We also do not currently hedge our market price risk relating to our marketable equity securities and we do not enter...

  • Page 142
    ... not use derivative financial instruments in our short-term investment portfolio. As of March 31, 2013 and 2012, our short-term investments were classified as available-for-sale securities and, consequently, were recorded at fair market value with unrealized gains or losses resulting from changes in...

  • Page 143
    ... the fair value of our investment portfolio. The following table presents the hypothetical changes in the fair value in our short-term investment portfolio as of March 31, 2013, arising from potential changes in interest rates. The modeling technique estimates the change in fair value from immediate...

  • Page 144
    ... Financial Statements ...Reports of Independent Registered Public Accounting Firm ...Financial Statement Schedule: The following financial statement schedule of Electronic Arts Inc. and Subsidiaries for the years ended March 31, 2013, 2012 and 2011 is filed as part of this report and should be read...

  • Page 145
    ... cash equivalents ...Short-term investments ...Marketable equity securities ...Receivables, net of allowances of $200 and $252, respectively ...Inventories ...Deferred income taxes, net ...Other current assets ...Total current assets ...Property and equipment, net ...Goodwill ...Acquisition-related...

  • Page 146
    ... STATEMENTS OF OPERATIONS Year Ended March 31, 2013 2012 2011 (In millions, except per share data) Net revenue: Product ...Service and other ...Total net revenue ...Cost of revenue: Product ...Service and other ...Total cost of revenue ...Gross profit ...Operating expenses: Research and development...

  • Page 147
    ELECTRONIC ARTS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Year Ended March 31, (In millions) Net income (loss) ...Other comprehensive loss, net of tax: Change in unrealized gains on available-for-sale securities ...Reclassification adjustment for realized gains on...

  • Page 148
    ... ...Tax costs from exercise of stock options ...Balances as of March 31, 2011 ...Total comprehensive income ...Issuance of common stock ...Equity issued in connection with acquisition ...Equity value of convertible note issuance, net ...Purchase of convertible note hedge ...Sale of common stock...

  • Page 149
    ... the year for interest ...$ 26 $ 5 $ (4) $ 2 $ 21 - (4) - Non-cash investing activities: Change in unrealized gains on available-for-sale securities, net of taxes ...$ (46) $ (40) $ Equity issued in connection with acquisition ...$ See accompanying Notes to Consolidated Financial Statements. 65...

  • Page 150
    ...our core intellectual properties into year-round businesses available on a range of platforms. Our products and services may be purchased through physical and online retailers, platform providers such as console manufacturers and mobile carriers via digital downloads, as well as directly through our...

  • Page 151
    ...three months at the time of purchase, are accounted for as available-for-sale securities and are recorded at fair value. Short-term investments are available for use in current operations or other activities such as capital expenditures and business combinations. Marketable equity securities consist...

  • Page 152
    ... finite useful lives, such as developed and core technology, in connection with business combinations. We amortize the cost of acquisition-related intangible assets on a straight-line basis over the lesser of their estimated useful lives or the agreement terms, typically from two to fourteen years...

  • Page 153
    ... our revenue is derived through sales on two hardware consoles. 60 percent, 61 percent and 57 percent of our sales were for products and services on Sony's PLAYSTATION 3 and Microsoft's Xbox 360 consoles combined, for the fiscal years ended March 31, 2013, 2012 and 2011, respectively. These platform...

  • Page 154
    ... hosting support in order to utilize the game or related content (i.e., cannot be played without an Internet connection). This includes (1) entitlements to content that are accessed through hosting services (e.g., micro-transactions for Internet-based, social network and mobile games), (2) massively...

  • Page 155
    ...is available. Determining the BESP is a subjective process that is based on multiple factors including, but not limited to, recent selling prices and related discounts, market conditions, customer classes, sales channels and other factors. In accordance with ASC 605, provided the other three revenue...

  • Page 156
    ... periods. In the future, actual returns and price protections may materially exceed our estimates as unsold software products in the distribution channels are exposed to rapid changes in consumer preferences, market conditions or technological obsolescence due to new platforms, product updates...

  • Page 157
    ...Annual Report Stock-Based Compensation We are required to estimate the fair value of share-based payment awards on the date of grant. We recognize compensation costs for stock-based payment awards to employees based on the grant-date fair value using a straight-line approach over the service period...

  • Page 158
    ... issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, to address concerns expressed by preparers while still providing useful information about certain transactions involving master netting arrangements. The new disclosures are designed to make financial...

  • Page 159
    ... Date Using Quoted Prices in Active Markets for Significant Identical Other Significant Financial Observable Unobservable As of Inputs Inputs March 31, Instruments 2013 (Level 1) (Level 2) (Level 3) Balance Sheet Classification Assets Money market funds ...Available-for-sale securities: Corporate...

  • Page 160
    ... value of the acquisition-related contingent consideration payable using probability-weighted discounted cash flow models, and applied a discount rate that appropriately captures a market participant's view of the risk associated with the obligations. During fiscal year 2013, the discount rate used...

  • Page 161
    ... The change in fair value is reported as acquisition-related contingent consideration in our Consolidated Statements of Operations. During the fiscal year 2013, we made payments totaling $5 million to settle certain performance milestones achieved in connection with two of our acquisitions. During...

  • Page 162
    ... $437 Marketable Equity Securities Our investments in marketable equity securities are accounted for as available-for-sale securities and are recorded at fair value. Unrealized gains and losses are recorded as a component of accumulated other comprehensive income in stockholders' equity, net of tax...

  • Page 163
    ...in our Consolidated Statements of Operations. We did not recognize any impairment charges on our marketable equity securities during the fiscal years 2013 and 2012. During the fiscal year ended March 31, 2011, we sold our investments in Ubisoft Entertainment ("Ubisoft") and The9 Limited ("The9") and...

  • Page 164
    ... defined hedge period, the gains or losses on the related cash flow hedges are reclassified from accumulated other comprehensive income to interest and other income (expense), net, in our Consolidated Statements of Operations. For the fiscal years ended March 31, 2013, 2012 and 2011, we reclassified...

  • Page 165
    ... gaming and contributed to the growth of our digital product offerings. The following table summarizes the acquisition date fair value of the consideration transferred which consisted of the following (in millions): Cash ...Equity ...Total purchase price ...$645 87 $732 Annual Report The equity...

  • Page 166
    ...lives ranging from three to nine years. The intangible assets as of the date of the acquisition include: Gross Carrying Amount (in millions) Weighted-Average Useful Life (in years) $ 62 6 563 302 (95) (51) (55) $732 Developed and core technology ...Trade names and trademarks ...In-process research...

  • Page 167
    ...been presented because the effect of the acquisitions was not material to our Consolidated Statements of Operations. Fiscal Year 2011 Acquisition In October 2010, we acquired all of the outstanding shares of Chillingo in cash. Chillingo publishes games and software for various mobile platforms. This...

  • Page 168
    ... 31, 2013 2012 2011 Cost of product ...Cost of service and other ...Operating expenses ...Total ... $ 55 38 30 $123 $35 17 43 $95 $ 9 3 57 $69 Acquisition-related intangible assets are amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms...

  • Page 169
    ... publicity rights, content and/or other intellectual property. Royalty payments to independent software developers are payments for the development of intellectual property related to our games. Copublishing and distribution royalties are payments made to third parties for the delivery of products...

  • Page 170
    ... rights to use the intellectual property are terminated. During fiscal year 2013, we recognized losses of $15 million on previously unrecognized royalty-based commitments, inclusive of $9 million in license termination costs related to our fiscal 2013 restructuring. During fiscal year 2012...

  • Page 171
    ... content licensors, independent software developers, and co-publishing and/or distribution affiliates, but performance remained with the counterparty (i.e., delivery of the product or content or other factors) and such commitments were therefore not recorded in our Consolidated Financial Statements...

  • Page 172
    ... cost of revenue related to these transactions during the period in which the product is delivered (rather than on a deferred basis). (10) INCOME TAXES The components of our income (loss) before provision for (benefit from) income taxes for the fiscal years ended March 31, 2013, 2012 and 2011 are as...

  • Page 173
    ...Year Ended March 31, 2013 2012 2011 Statutory federal tax expense (benefit) rate ...State taxes, net of federal benefit ...Differences between statutory rate and foreign effective tax rate ...Valuation allowance ...Research and development credits ...Non-deductible acquisition-related costs and tax...

  • Page 174
    ... March 31, 2012. Accrued interest expense related to estimated obligations for unrecognized tax benefits increased by approximately $2 million during fiscal year 2013. There is no material change in accrued penalties during fiscal year 2013. We file income tax returns in the United States, including...

  • Page 175
    ...of the last reported sale price of our common stock multiplied by the conversion rate on each trading day; or (3) specified corporate transactions, including a change in control, occur. On or after April 15, 2016 a holder may convert any of its Notes at any time prior to the close of business on the...

  • Page 176
    ... amortized to interest expense over the term of the Notes using the effective interest method. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for $15 million of issuance costs related to the Notes issuance, we allocated...

  • Page 177
    ... of the credit facility. The following table summarizes our interest expense recognized for fiscal years 2013, 2012, and 2011 that is included in interest and other income (expense), net on our Consolidated Statements of Operations (in millions): Year Ended March 31, 2013 2012 2011 Annual Report...

  • Page 178
    ... Licensing Company (collegiate football); Zuffa, LLC (Ultimate Fighting Championship); ESPN (content in EA SPORTS games); Hasbro, Inc. (most of Hasbro's toy and game intellectual properties); and LucasArts and Lucas Licensing (Star Wars: The Old Republic). These developer and content license...

  • Page 179
    ... the Company expects that the Court will do so. In March 2011, Robin Antonick filed a complaint in the United States District Court for the Northern District of California, alleging that he wrote the source code for the original John Madden Football game published by EA in 1988 and that EA used...

  • Page 180
    ... members of executive management that vest contingent upon the achievement of pre-determined market and service conditions (referred to herein as "market-based restricted stock units"). The fair value of our market-based restricted stock units is determined using a Monte-Carlo simulation model...

  • Page 181
    ... table summarizes stock-based compensation expense resulting from stock options, restricted stock, restricted stock units and the ESPP included in our Consolidated Statements of Operations (in millions): Year Ended March 31, 2013 2012 2011 Cost of revenue ...Research and development(a) ...Marketing...

  • Page 182
    ... 38 months. At our Annual Meeting of Stockholders, held on July 26, 2012, our stockholders approved amendments to our 2000 Equity Incentive Plan (the "Equity Plan") to increase the number of shares of common stock authorized under the Equity Plan by 6,180,000 shares, and to increase the limit on...

  • Page 183
    ... the number of shares available for grant by 1.43 shares under our Equity Plan. The following table summarizes our restricted stock rights activity, excluding performance-based restricted stock unit activity which is discussed below, for the fiscal year ended March 31, 2013: Restricted Stock Rights...

  • Page 184
    ... at vesting will range from zero percent to 200 percent of the target number of stock units based on our total stockholder return ("TSR") relative to the performance of companies in the NASDAQ-100 Index for each measurement period, generally over a three year period. We present shares granted at...

  • Page 185
    ... that program. In July 2012, our Board of Directors authorized a new program to repurchase up to $500 million of our common stock. Under this new program, we may purchase stock in the open market or through privately-negotiated transactions in accordance with applicable securities laws, including...

  • Page 186
    ... we reported net income for the period, an additional 4 million shares of common stock would have been included in the number of shares used to calculate Diluted EPS. Potentially dilutive shares of common stock related to our 0.75% Convertible Senior Notes due 2016 issued during the year ended March...

  • Page 187
    ...are managed; the criteria used by our Executive Chairman, our Chief Operating Decision Maker ("CODM"), to evaluate segment performance; the availability of separate financial information; and overall materiality considerations. Our business is currently organized around our five labels, EA Games, EA...

  • Page 188
    Information about our total net revenue by revenue composition for the fiscal years ended March 31, 2013, 2012 and 2011 is presented below (in millions): Year Ended March 31, 2013 2012 2011 Publishing and other ...Wireless, Internet-derived, advertising (digital) ...Distribution ...Net revenue ... ...

  • Page 189
    ...pre-tax amounts. Our common stock is traded on the NASDAQ Global Select Market under the symbol "EA". Our symbol changed from "ERTS" to "EA" on December 20, 2011. 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...

  • Page 190
    ...of Electronic Arts Inc. and subsidiaries (the Company) as of March 30, 2013 and March 31, 2012, and the related consolidated statements of operations, comprehensive income (loss), stockholders' equity and cash flows for each of the years in the three - year period ended March 30, 2013. In connection...

  • Page 191
    ... of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Electronic Arts Inc. and subsidiaries as of March 30, 2013 and March 31, 2012, and the related consolidated statements of operations, comprehensive income (loss), stockholders' equity and cash flows...

  • Page 192
    ...summarized and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to our management, including the Executive Chairman and Chief Financial Officer, as appropriate...

  • Page 193
    ... in Internal Control over Financial Reporting There has been no change in our internal control over financial reporting identified in connection with our evaluation that occurred during the fiscal year ended March 31, 2013 that has materially affected or is reasonably likely to materially affect...

  • Page 194
    ... executive officers, which is included in Item 1 of this report, is incorporated herein by reference to the information to be included in our Proxy Statement for our 2013 Annual Meeting of Stockholders (the "Proxy Statement") under the headings "Proposal 1: Election of Directors," "Global Code...

  • Page 195
    ...as Luis A. Ubiñas Executive Chairman, Principle Executive Officer Executive Vice President, Chief Financial Officer Senior Vice President, Chief Accounting Officer (Principle Accounting Officer) Annual Report Executive Chairman Director Director Director Director Director Director Director 111

  • Page 196
    ... SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Years Ended March 31, 2013, 2012 and 2011 (In millions) Balance at Beginning of Period Charged to Revenue, Costs and Expenses Charged (Credited) to Other Accounts(a) Balance at End of Period Allowance for Doubtful Accounts, Price Protection and Returns...

  • Page 197
    ELECTRONIC ARTS INC. 2013 FORM 10-K ANNUAL REPORT EXHIBIT INDEX Number Exhibit Title Incorporated by Reference Form File No. Filing Date Filed Herewith 1.01 2.01 Purchase Agreement dated as of July 14, 2011 between EA and Morgan Stanley & Co. LLC Agreement and Plan of Merger By and among EA, ...

  • Page 198
    ... Employee Stock Purchase Plan, as amended Offer Letter for Employment at Electronic Arts Inc. to Rajat Taneja, dated September 13, 2011 Offer Letter for Employment at Electronic Arts Inc. to Blake Jorgensen, dated July 25, 2012 Separation Agreement dated as of March 25, 2013 between Electronic Arts...

  • Page 199
    ...EA International (Studio and Publishing) Limited and Sony Computer Entertainment Europe Limited 10-Q/A Xbox2 Publisher License Agreement, dated May 15, 2005, by and among Electronic Arts Inc., Electronic Arts C.V. and Microsoft Licensing, GP Form of Stock Consideration Agreement, dated July 11, 2011...

  • Page 200
    ... as Exhibit 101 to this Annual Report on Form 10-K for the year ended March 31, 2013 are the following formatted in eXtensible Business Reporting Language ("XBRL"): (1) Consolidated Balance Sheets, (2) Consolidated Statements of Operations, (3) Consolidated Statements of Comprehensive Income (Loss...

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    Electronic Arts Inc. 209 Redwood Shores Parkway Redwood City, CA 94065 (650) 628-1500 www.ea.com Investor Relations (650) 628-7352 http://investor.ea.com