Electronic Arts 2016 Annual Report Download - page 134
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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
(In millions, except per share data) 2016 2015 2014
Net revenue:
Product ............................................................ $2,497 $2,568 $2,134
Service and other .................................................... 1,899 1,947 1,441
Total net revenue .................................................. 4,396 4,515 3,575
Cost of revenue:
Product ............................................................ 938 1,028 1,032
Service and other .................................................... 416 401 315
Total cost of revenue ............................................... 1,354 1,429 1,347
Gross profit ......................................................... 3,042 3,086 2,228
Operating expenses:
Research and development ............................................. 1,109 1,094 1,125
Marketing and sales .................................................. 622 647 680
General and administrative ............................................ 406 386 410
Acquisition-related contingent consideration .............................. — (3) (35)
Amortization of intangibles ............................................ 7 14 16
Restructuring and other charges ......................................... — — (1)
Total operating expenses ............................................ 2,144 2,138 2,195
Operating income .................................................. 898 948 33
Interest and other income (expense), net .................................... (21) (23) (26)
Income before provision for (benefit from) income taxes ....................... 877 925 7
Provision for (benefit from) income taxes ................................... (279) 50 (1)
Net income ......................................................... $1,156 $ 875 $ 8
Earnings per share:
Basic .............................................................. $ 3.73 $ 2.81 $ 0.03
Diluted ............................................................ $ 3.50 $ 2.69 $ 0.03
Number of shares used in computation:
Basic .............................................................. 310 311 308
Diluted ............................................................ 330 325 316
See accompanying Notes to Consolidated Financial Statements.
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