Electronic Arts 2013 Annual Report Download - page 110
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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 2013 2012 2011 2010(a) 2009
Net revenue ...................................... $3,797 $4,143 $3,589 $3,654 $ 4,212
Cost of revenue ................................... 1,388 1,598 1,499 1,866 2,127
Gross profit .................................... 2,409 2,545 2,090 1,788 2,085
Total operating expenses ........................... 2,288 2,510 2,402 2,474 2,912
Operating income (loss) .......................... 121 35 (312) (686) (827)
Gains (losses) on strategic investments, net ............. 39 — 23 (26) (62)
Interest and other income (expense), net ............... (21) (17) 10 6 34
Income (loss) before provision for (benefit from) income
taxes ....................................... 139 18 (279) (706) (855)
Provision for (benefit from) income taxes .............. 41 (58) (3) (29) 233
Net income (loss) ............................... $ 98 $ 76 $ (276) $ (677) $(1,088)
Net income (loss) per share:
Basic ....................................... $ 0.32 $ 0.23 $ (0.84) $ (2.08) $ (3.40)
Diluted ..................................... $ 0.31 $ 0.23 $ (0.84) $ (2.08) $ (3.40)
Number of shares used in computation:
Basic ....................................... 310 331 330 325 320
Diluted ..................................... 313 336 330 325 320
As of March 31,
BALANCE SHEETS DATA 2013 2012 2011 2010(a) 2009
Cash and cash equivalents .......................... $1,292 $1,293 $1,579 $1,273 $ 1,621
Short-term investments ............................. 388 437 497 432 534
Marketable equity securities ......................... — 119 161 291 365
Working capital ................................... 408 489 1,031 1,011 1,984
Total assets ...................................... 5,070 5,491 4,928 4,646 4,678
0.75% convertible senior notes due 2016, net ........... 559 539 — — —
Other long-term liabilities ........................... 327 374 363 343 408
Total liabilities ................................... 2,803 3,033 2,364 1,917 1,544
Total stockholders’ equity .......................... 2,267 2,458 2,564 2,729 3,134
(a) Beginning in fiscal 2010, due to the adoption of certain contemporaneous amendments issued by the FASB
to Accounting Standard Codification (“ASC”) 805, Business Combinations, we began to accrue acquisition-
related contingent consideration and capitalize acquired in-process technology. Prior to the adoption of these
amendments, we accrued acquisition-related contingent consideration only when the contingency was
settled as part of the purchase price of the business combination and expensed acquired in-process
technology immediately after acquisition.
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