THQ 2007 Annual Report Download - page 61

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See notes to consolidated financial statements.
53
THQ INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Fiscal Year Ended March 31,
2007 2006 2005
Netsales....................................................$1,026,856 $806,560 $756,731
Costs and expenses:
Cost of sales—product costs.................................351,449 287,946 255,187
Cost of sales—software amortization and royalties .............165,462 116,371 93,622
Cost of sales—license amortization and royalties ..............99,533 80,508 85,926
Cost of sales—venture partnerexpense.......................16,730 12,5729,774
Productdevelopment......................................97,105 94,575 80,090
Selling and marketing ......................................139,958 124,809 111,444
Generalandadministrative.................................78,413 57,94450,278
Total costs and expenses. ...................................948,650 774,725 686,321
Income from continuing operations ............................78,206 31,835 70,410
Interest and other income, net...............................12,822 7,955 6,483
Income from continuing operations before income taxesand
minority interest...........................................91,028 39,790 76,893
Income taxes..............................................26,206 7,621 15,235
Income from continuing operations before minority interest. ...... 64,822 32,169 61,658
Minority interest...........................................136 (63) (261)
Income from continuing operations ............................64,958 32,106 61,397
Gain on sale of discontinuedoperations,net of tax...............3,080 ——
Netincome.................................................$68,038 $32,106$61,397
Earnings pershare—basic:
Continuingoperations. .....................................$1.00$ 0.51 $1.05
Discontinued operations....................................0.05 ——
Earnings pershare—basic..................................$1.05$ 0.51 $1.05
Earningspershare—diluted:
Continuingoperations. .....................................$0.96$ 0.49 $1.02
Discontinued operations....................................0.05 ——
Earnings pershare—diluted ................................$1.01$ 0.49 $1.02
Shares used in pershare calculation—basic.....................65,039 62,61558,545
Shares used in pershare calculation—diluted...................67,593 65,52060,367