Electronic Arts 2014 Annual Report Download - page 157
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Annual Report
(10) BALANCE SHEET DETAILS
Inventories
Inventories as of March 31, 2014 and 2013 consisted of (in millions):
As of March 31,
2014 2013
Finished goods .............................................................. $55 $41
Raw materials and work in process .............................................. 1 1
Inventories ............................................................... $56 $42
Property and Equipment, Net
Property and equipment, net, as of March 31, 2014 and 2013 consisted of (in millions):
As of March 31,
2014 2013
Computer equipment and software .............................................. $ 718 $ 660
Buildings .................................................................. 327 336
Leasehold improvements ...................................................... 129 129
Office equipment, furniture and fixtures .......................................... 67 72
Land ...................................................................... 63 64
Warehouse equipment and other ................................................ 10 10
Construction in progress ...................................................... 5 8
1,319 1,279
Less accumulated depreciation ................................................. (809) (731)
Property and equipment, net ................................................. $ 510 $ 548
Depreciation expense associated with property and equipment was $126 million, $118 million and $102 million
for the fiscal years ended March 31, 2014, 2013 and 2012, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities as of March 31, 2014 and 2013 consisted of (in millions):
As of March 31,
2014 2013
Other accrued expenses ....................................................... $328 $338
Accrued compensation and benefits ............................................. 259 217
Accrued royalties ............................................................ 73 103
Deferred net revenue (other) ................................................... 121 79
Accrued and other current liabilities ........................................... $781 $737
Deferred net revenue (other) includes the deferral of subscription revenue, deferrals related to our Switzerland
distribution business, advertising revenue, licensing arrangements and other revenue for which revenue
recognition criteria has not been met.
Deferred Net Revenue (Online-Enabled Games)
Deferred net revenue (online-enabled games) was $1,490 million and $1,044 million as of March 31, 2014 and
2013, respectively. Deferred net revenue (online-enabled games) generally includes the unrecognized revenue
from bundled sales of certain online-enabled games for which we do not have VSOE for the obligation to provide
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