Electronic Arts 2014 Annual Report Download - page 158
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unspecified updates. We recognize revenue from the sale of online-enabled games for which we do not have
VSOE for the unspecified updates on a straight-line basis, generally over an estimated nine-month period
beginning in the month after shipment for physical games sold through retail and an estimated six-month period
for digitally-distributed games. However, we expense the cost of revenue related to these transactions during the
period in which the product is delivered (rather than on a deferred basis).
(11) INCOME TAXES
The components of our income before provision for (benefit from) income taxes for the fiscal years ended
March 31, 2014, 2013 and 2012 are as follows (in millions):
Year Ended March 31,
2014 2013 2012
Domestic ................................................................. $(146) $ (15) $(51)
Foreign .................................................................. 153 154 69
Income before provision for (benefit from) income taxes ......................... $ 7 $139 $ 18
Provision for (benefit from) income taxes for the fiscal years ended March 31, 2014, 2013 and 2012 consisted of
(in millions):
Current Deferred Total
Year Ended March 31, 2014
Federal ............................................................. $ (2) $ (9) $(11)
State ............................................................... 1 (2) (1)
Foreign ............................................................. 8 3 11
$ 7 $ (8) $ (1)
Year Ended March 31, 2013
Federal ............................................................. $— $ 5 $ 5
State ............................................................... — 1 1
Foreign ............................................................. 39 (4) 35
$39 $ 2 $41
Year Ended March 31, 2012
Federal ............................................................. $36 $(89) $(53)
State ............................................................... 3 (2) 1
Foreign ............................................................. (11) 5 (6)
$ 28 $(86) $(58)
Current income tax provision includes tax benefits allocated directly to contributed capital of $12 million and $4
million for fiscal years 2014 and 2012, respectively, and none for fiscal year 2013.
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