Item 6:
Selected Financial Data
ELECTRONIC ARTS INC. AND SUBSIDIARIES
SELECTED FIVE-YEAR CONSOLIDATED FINANCIAL DATA
(In millions, except per share data)
Year Ended March 31,
STATEMENTS OF OPERATIONS DATA
2013
2012
2011
2010
(a)
2009
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$3,797
$4,143
$3,589
$3,654
$ 4,212
Cost of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,388
1,598
1,499
1,866
2,127
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,409
2,545
2,090
1,788
2,085
Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,288
2,510
2,402
2,474
2,912
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . .
121
35
(312)
(686)
(827)
Gains (losses) on strategic investments, net . . . . . . . . . . . . .
39
--
23
(26)
(62)
Interest and other income (expense), net . . . . . . . . . . . . . . .
(21)
(17)
10
6
34
Income (loss) before provision for (benefit from) income
taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
18
(279)
(706)
(855)
Provision for (benefit from) income taxes . . . . . . . . . . . . . .
41
(58)
(3)
(29)
233
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
98
$
76
$ (276)
$ (677)
$(1,088)
Net income (loss) per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 0.32
$ 0.23
$ (0.84)
$ (2.08)
$ (3.40)
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 0.31
$ 0.23
$ (0.84)
$ (2.08)
$ (3.40)
Number of shares used in computation:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
310
331
330
325
320
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
313
336
330
325
320
As of March 31,
BALANCE SHEETS DATA
2013
2012
2011
2010
(a)
2009
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,292
$1,293
$1,579
$1,273
$ 1,621
Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
388
437
497
432
534
Marketable equity securities . . . . . . . . . . . . . . . . . . . . . . . . .
--
119
161
291
365
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
408
489
1,031
1,011
1,984
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5,070
5,491
4,928
4,646
4,678
0.75% convertible senior notes due 2016, net . . . . . . . . . . .
559
539
--
--
--
Other long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . .
327
374
363
343
408
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,803
3,033
2,364
1,917
1,544
Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . .
2,267
2,458
2,564
2,729
3,134
(a)
Beginning in fiscal 2010, due to the adoption of certain contemporaneous amendments issued by the FASB
to Accounting Standard Codification ("ASC") 805, Business Combinations, we began to accrue acquisition-
related contingent consideration and capitalize acquired in-process technology. Prior to the adoption of these
amendments, we accrued acquisition-related contingent consideration only when the contingency was
settled as part of the purchase price of the business combination and expensed acquired in-process
technology immediately after acquisition.
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