Electronic Arts 2015 Annual Report Download - page 148
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Deferred Net Revenue (Online-Enabled Games)
Deferred net revenue (online-enabled games) was $1,283 million and $1,490 million as of March 31, 2015 and
2014, respectively. Deferred net revenue (online-enabled games) generally includes the unrecognized revenue
from bundled sales of online-enabled games for which we do not have vendor-specific objective evidence of fair
value (“VSOE”) for the obligation to provide 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, 2015, 2014 and 2013 are as follows (in millions):
Year Ended March 31,
2015 2014 2013
Domestic ................................................................ $232 $(146) $ (15)
Foreign .................................................................. 693 153 154
Income before provision for (benefit from) income taxes ......................... $925 $ 7 $139
Provision for (benefit from) income taxes for the fiscal years ended March 31, 2015, 2014 and 2013 consisted of
(in millions):
Current Deferred Total
Year Ended March 31, 2015
Federal ............................................................. $10 $17 $27
State ............................................................... — — —
Foreign ............................................................. 21 2 23
$31 $19 $ 50
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
Excess tax benefits from stock-based compensation deductions are allocated to contributed capital before
historical net operating losses are utilized to reduce tax expense. Deferred income tax provision includes tax
benefits allocated directly to contributed capital of $21 million and $12 million for fiscal years 2015 and 2014,
respectively, and none for fiscal year 2013.
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