THQ 2006 Annual Report Download - page 59

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See notes to consolidated financial statements.
51
THQ INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Fiscal Year Ended March 31,
2006 2005 2004
Net sales ..................................................... $806,560 $756,731 $640,846
Costs and expenses:
Cost of sales ................................................ 287,946 255,187 234,574
Licenseamortization androyalties ............................ 80,508 85,926 71,132
Software development amortization ........................... 116,37193,622 105,632
Productdevelopment........................................ 84,242 72,959 36,850
Selling and marketing........................................ 123,552110,514 87,119
Payment to venture partner................................... 12,572 9,7749,675
Generaland administrative................................... 67,615 54,831 47,006
Total costs and expenses..................................... 772,806682,813 591,988
Income from operations........................................ 33,754 73,918 48,858
Interestincome............................................. 8,478 4,337 2,378
Otherincome. .............................................. — —4,000
Income before income taxes and minority interest................. 42,232 78,255 55,236
Income taxes............................................... 7,90015,204 19,397
Income before minority interest................................. 34,332 63,051 35,839
Minority interest............................................ (63 )(261 )—
Net income ................................................... $34,269 $62,790 $35,839
Net income per share—basic.................................... $0.55$ 1.07 $0.63
Net income per share—diluted.................................. $0.52$ 1.04 $0.61
Shares used in per share calculation—basic ....................... 62,615 58,545 57,279
Shares used in per share calculation—diluted ..................... 65,575 60,365 58,506