2K Sports 2009 Annual Report Download - page 75

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TAKE-TWO INTERACTIVE SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
For the Years Ended October 31,
2009 2008 2007
Net revenue $ 968,488 $1,537,530 $ 981,791
Cost of goods sold 717,826 988,695 735,034
Gross profit 250,662 548,835 246,757
Selling and marketing 148,624 167,380 130,652
General and administrative 135,127 171,440 150,432
Research and development 63,748 63,929 48,455
Business reorganization and related —4,478 17,467
Impairment of goodwill and long-lived assets 14,754 ——
Depreciation and amortization 18,623 25,755 27,449
Total operating expenses 380,876 432,982 374,455
Income (loss) from operations (130,214) 115,853 (127,698)
Interest and other expense, net (3,195) (3,710) (517)
Income (loss) before income taxes (133,409) 112,143 (128,215)
Provision for income taxes 4,521 15,046 10,191
Net income (loss) $(137,930) $ 97,097 $(138,406)
Earnings (loss) per share:
Basic $ (1.80) $ 1.29 $ (1.93)
Diluted $ (1.80) $ 1.28 $ (1.93)
Weighted average shares outstanding:
Basic 76,815 75,039 71,860
Diluted 76,815 75,943 71,860
See accompanying Notes.
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