Electronic Arts 2014 Annual Report Download - page 132
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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
(In millions, except per share data) 2014 2013 2012
Net revenue:
Product ............................................................ $2,134 $2,738 $3,415
Service and other .................................................... 1,441 1,059 728
Total net revenue .................................................. 3,575 3,797 4,143
Cost of revenue:
Product ............................................................ 1,032 1,085 1,374
Service and other .................................................... 315 303 224
Total cost of revenue ............................................... 1,347 1,388 1,598
Gross profit ......................................................... 2,228 2,409 2,545
Operating expenses:
Research and development ............................................. 1,125 1,153 1,180
Marketing and sales .................................................. 680 788 883
General and administrative ............................................ 410 354 377
Acquisition-related contingent consideration .............................. (35) (64) 11
Amortization of intangibles ............................................ 16 30 43
Restructuring and other charges ......................................... (1) 27 16
Total operating expenses ............................................ 2,195 2,288 2,510
Operating income .................................................. 33 121 35
Gains on strategic investments, net ........................................ — 39 —
Interest and other income (expense), net .................................... (26) (21) (17)
Income before provision for (benefit from) income taxes ..................... 7 139 18
Provision for (benefit from) income taxes ................................... (1) 41 (58)
Net income ......................................................... $ 8 $ 98 $ 76
Net income per share:
Basic .............................................................. $ 0.03 $ 0.32 $ 0.23
Diluted ............................................................ $ 0.03 $ 0.31 $ 0.23
Number of shares used in computation:
Basic .............................................................. 308 310 331
Diluted ............................................................ 316 313 336
See accompanying Notes to Consolidated Financial Statements.
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