Electronic Arts 2015 Annual Report Download - page 164

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The following table summarizes the financial performance of our current segment operating profit and a
reconciliation to our consolidated operating income for the fiscal years ended March 31, 2015, 2014 and 2013 (in
millions):
Year Ended March 31,
2015 2014 2013
Segment:
Net revenue before revenue deferral ................................... $4,319 $ 4,021 $ 3,793
Depreciation ...................................................... (126) (126) (118)
Other expenses .................................................... (3,117) (3,178) (3,308)
Segment operating profit ............................................ 1,076 717 367
Reconciliation to consolidated operating income:
Other:
Revenue deferral .................................................. (3,536) (3,350) (3,022)
Recognition of revenue deferral ....................................... 3,732 2,904 3,026
Amortization of intangibles .......................................... (66) (76) (123)
Acquisition-related contingent consideration ............................ 3 35 64
Restructuring and other charges ....................................... — 1 (27)
Stock-based compensation ........................................... (144) (150) (164)
Loss on licensed intellectual property commitment ....................... (122) — —
Other expenses .................................................... 5 (48) —
Consolidated operating income ......................................... $ 948 $ 33 $ 121
Our segment profit differs from consolidated operating income primarily due to the exclusion of (1) the deferral
of net revenue related to online-enabled games (see Note 10 for additional information regarding deferred net
revenue (online-enabled games)), (2) certain non-cash costs such as stock-based compensation, (3) acquisition-
related expenses such as amortization of intangibles and acquisition-related contingent consideration, and
(4) other significant non-recurring costs that may not be indicative of the company’s core business, operating
results or future outlook. Our CODM reviews assets on a consolidated basis and not on a segment basis.
Information about our total net revenue by revenue composition and by platform for the fiscal years ended
March 31, 2015, 2014 and 2013 is presented below (in millions):
Year Ended March 31,
2015 2014 2013
Packaged goods and other ............................................... $2,316 $1,742 $2,357
Digital ............................................................... 2,199 1,833 1,440
Net revenue ........................................................ $4,515 $3,575 $3,797
Year Ended March 31,
2015 2014 2013
Platform net revenue
Xbox One, PlayStation 4 .............................................. $1,505 $ 196 $ —
Xbox 360, PlayStation 3 ............................................... 1,485 1,779 2,262
Other consoles ...................................................... 21 30 63
Total consoles ..................................................... 3,011 2,005 2,325
PC / Browser ....................................................... 878 1,020 928
Mobile ............................................................ 504 400 339
Other .............................................................. 122 150 205
Net revenue ...................................................... $4,515 $3,575 $3,797
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