THQ 2012 Annual Report Download - page 6

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slate includes the next installment of Saints Row,
a game out of Turtle Rock Studios, the creators
of Left 4 Dead, Homefront 2 from Crytek, and
Patrice Désilets’ game, among others.
Our long-term objective as we reshaped THQ in
fiscal 2012 was to retain and strengthen a solid
portfolio of franchises of owned intellectual
properties for the future, an objective we believe
we have achieved.
We are encouraged by the early results of
our efforts to improve our cost structure and
streamline our product line and organization.
Those actions, along with our laser focus on
our most profitable core titles and digital
strategy, position us well to deliver on our multi-
year pipeline of games and deliver greater
shareholder return in the long term.
Sincerely,
Brian J. Farrell
Chairman and Chief Executive Officer
Twelve Months Ended
March 31,
2012 2011
GAAP
Net sales $ 830.8 $ 665.3
Net Loss $ (242.5) $ (136.1)
Diluted Loss Per Share** $ (3.55) $ (2.00)
Non-GAAP
Net sales $ 835.9 $ 802.3
Net Loss $ (97.4) $ (16.0)
Diluted Loss Per Share** $ (1.42) $ (0.24)
**THQ effected a 1-for-10 reverse stock split on July 5, 2012. THQ’s Form 10-K was filed on June 11, 2012, prior to the
effective date; therefore, the presentation of shares outstanding and per share amounts in this annual report have not been
adjusted for the reverse stock split.