Electronic Arts 2013 Annual Report Download - page 146

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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
(In millions, except per share data) 2013 2012 2011
Net revenue:
Product ............................................................ $2,738 $3,415 $3,181
Service and other .................................................... 1,059 728 408
Total net revenue .................................................. 3,797 4,143 3,589
Cost of revenue:
Product ............................................................ 1,085 1,374 1,407
Service and other .................................................... 303 224 92
Total cost of revenue ............................................... 1,388 1,598 1,499
Gross profit ......................................................... 2,409 2,545 2,090
Operating expenses:
Research and development ............................................. 1,153 1,180 1,124
Marketing and sales .................................................. 788 883 781
General and administrative ............................................ 354 377 296
Acquisition-related contingent consideration .............................. (64) 11 (17)
Amortization of intangibles ............................................ 30 43 57
Restructuring and other charges ......................................... 27 16 161
Total operating expenses ............................................ 2,288 2,510 2,402
Operating income (loss) ............................................. 121 35 (312)
Gains on strategic investments, net ........................................ 39 — 23
Interest and other income (expense), net .................................... (21) (17) 10
Income (loss) before provision for (benefit from) income taxes ................ 139 18 (279)
Provision for (benefit from) income taxes ................................... 41 (58) (3)
Net income (loss) .................................................... $ 98 $ 76 $ (276)
Net income (loss) per share:
Basic .............................................................. $ 0.32 $ 0.23 $ (0.84)
Diluted ............................................................ $ 0.31 $ 0.23 $ (0.84)
Number of shares used in computation:
Basic .............................................................. 310 331 330
Diluted ............................................................ 313 336 330
See accompanying Notes to Consolidated Financial Statements.
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