THQ 2006 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2006 THQ annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

21
consolidated statements of operationsfor the fiscal years ended March 31, 2006, 2005 and 2004, and the
report thereon are included elsewhere in this Form 10-K.
STATEMENTO
FOPERATIONSDATA
(In thousands, except per share data)
Fiscal Year Ended March 31, Transition
Year Ended
December 31,
2006 2005(a) 2004(b) 2003(c) 2003(c) 2002(d)
(Unaudited)
Net sales ........................ $ 806,560$ 7 56,731 $ 640,846$ 4 67,647 $ 66,800 $ 480,529
Costs and expenses:
Cost of sales ................... 287,946 255,187 234,574181,532 27,158 188,559
License amortization and
royalties .................... 80,508 85,926 71,132 38,988 5,57640,476
Software development
amortization................. 116,371 93,622 105,632 84,916 12,018 83,698
Productdevelopment........... 84,242 72,959 36,850 36,531 8,89934,696
Selling and marketing........... 123,552110,514 87,119 67,737 13,514 63,477
Payment to venture partner...... 12,572 9,7749,675 9,218644 10,146
General and administrative...... 67,615 54,831 47,006 36,794 8,44234,993
Total costs and expenses...... 772,806682,813 591,988455,716 76,251 456,045
Income (loss) from operations ..... 33,754 73,918 48,858 11,931 (9,451) 24,484
Interestincome.................. 8,478 4,337 2,3784,833 8785,277
Other income (expense)........... ——4,000(12,409)(2,403) (10,006)
Income (loss) before incometaxes
and minority interest........... 42,232 78,255 55,236 4,355(10,976)19,755
Income taxes.................... 7,900 15,204 19,397 1,812(3,290) 6,761
Income (loss) before minority
interest....................... 34,332 63,051 35,839 2,543(7,686) 12,994
Minority interest................. (63) (261) —— ——
Net income (loss) ................ $ 34,269 $ 62,790 $ 35,839 $2,543 $ (7,686) $ 12,994
Net income (loss) per share—basic .$ 0.55 $ 1.07 $ 0.63 $ 0.04 $(0.13 ) $ 0.22
Net income (loss) per share—
diluted ........................ $ 0.52 $ 1.04 $ 0.61 $ 0.04 $(0.13)$ 0.21
Shares used in per share
calculation—basic .............. 62,615 58,545 57,279 58,527 57,479 58,805
Shares used in per share
calculation—diluted ............ 65,575 60,365 58,506 60,828 57,479 61,865