Electronic Arts 2015 Annual Report Download - page 143
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Annual Report
The effects on net income (loss) of amounts reclassified from accumulated other comprehensive income (loss)
for the fiscal years ended March 31, 2015, 2014 and 2013 were as follows (in millions):
Statement of Operations Classification
Amount Reclassified From Accumulated
Other Comprehensive Income (loss)
Year Ended March 31,
2015 2014 2013
Gains and losses on available-for-sale securities
Gains on strategic investments .................................. $— $— $(39)
Interest and other income (expense), net ........................... — — (2)
Netoftax ................................................. — — (41)
Gains and losses on cash flow hedges from forward contracts
Net revenue ................................................. (2) 7 3
Research and development ..................................... 13 2 1
Netoftax ................................................. 11 9 4
Total amount reclassified, net of tax ................................ $11 $ 9 $(37)
(6) BUSINESS COMBINATIONS
During each of the fiscal years ended March 31, 2014 and 2013, we completed one acquisition that did not have a
significant impact on our Consolidated Financial Statements. There were no acquisitions during the fiscal year
ended March 31, 2015.
(7) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2015 are as follows (in
millions):
As of
March 31, 2014 Activity
Effects of Foreign
Currency
Translation
As of
March 31, 2015
Goodwill .................................... $2,091 $— $(10) $2,081
Accumulated impairment ....................... (368) — — (368)
Total ...................................... $1,723 $— $(10) $1,713
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2014 are as follows (in
millions):
As of
March 31, 2013 Activity
Effects of Foreign
Currency
Translation
As of
March 31, 2014
Goodwill .................................... $2,089 $ 5 $ (3) $2,091
Accumulated impairment ....................... (368) — — (368)
Total ...................................... $1,721 $ 5 $ (3) $1,723
Goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible
and intangible assets. Goodwill is not amortized, but rather subject to at least an annual assessment for
impairment by applying a fair value-based test.
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