Developed
by Enterbrain, RPG Maker 3 is published by Agetec, Inc.
Conference Call
Electronic Arts
will host a conference call on May 3, 2005 at 2:00
pm PT (5:00 pm ET) to review the results for the
Company's fourth
quarter and fiscal year ended March 31, 2005. Listeners may access the
conference
call live via webcast (http://investor.09
Shares used in diluted earnings
per share computation
313 316 316 317 322
TRAILING TWELVE MONTH RESULTS
Operating
Income
GAAP operating income $776 $779 $802 $763 $669
Adjustments:
Amortization of intangibles 3 4 3 3 3
COGS amortization of
intangibles - - - 1 3
Employee stock-based
compensation - - - 4 6
Acquired-in-process technology
- - - 10 14
Restructuring charges 9 9 9 9
1
Asset impairment charges - - - - -
Certain non
-recurring
litigation expenses - - - - 21
------ ------ ------ ------ ------
Total adjustments 12
13 12 27 48
Non-GAAP operating income $788 $792 $814 $790
$717
====== ====== ====== ====== ======
Non-GAAP operating
income margin
- % of net revenue 27% 26% 25% 25% 23%
ELECTRONIC ARTS INC.31 $1.
yuugi samurai
(Click here for details)
RPG Maker 3 significantly expands
player's capabilities for creating
enchanting fantasy game play with an easy-to-use toolset that
includes a
sprite-based map editor that transforms the creations into realistic 3D
worlds. Statements
including words such
as "anticipate", "believe", "estimate" or "expect" and statements in
the
future tense are forward-looking statements. Electronic Arts does not intend to update
these forward
-looking statements, including those made under the
"Business Outlook" heading. NBA, NFL, and FIFA
are
trademarks of their respective owners and used with permission.09 $0.29 $0.59
Non-GAAP
diluted earnings per
share $1. "While a film can go from theater to
premium channel,
from DVD to Turner Classic Movies, games -- even great ones -- have had a much
shorter
lifespan," he said.finction works
com).71 $1.02
Non-GAAP diluted earnings per
share
$0. The three months and year ended March
31, 2004 also exclude the impact of a one-time
income tax adjustment.84 $1.02 $0.21 $1.kenshin sakura
announces that RPG Maker 3, the latest in the
Designer
Series, will ship to North American retailers on September 20,
2005.ea.88 $1.59 (15%)
Non-GAAP operating income(a) 104 26 125 535 31 (71%)
Non-GAAP operating
income margin - % of
net revenue 17% 6% 18% 37%
6%
Non-GAAP operating income -
TTM(a) 788 792 814 790
717 (9%)
Non-GAAP operating
income margin - TTM %
of net revenue 27% 26% 25% 25% 23%
Non-GAAP net income(a)
77 25 98 391 30 (61%)
Non-GAAP diluted
earnings per
share(a) $0.04) $0.35 $1. (TBS, Inc. The streaming video content is expected
to include an all-
GameTap mix of short segments, advertisements, interviews, celebrity features
,
and "game trailers.ranma fanfic
The
title is a 1-player game, and has an ESRB rating of "E10+" for Everyone
10+. in the U.30 $1.02 $0.29 $1.
Non-GAAP Results (in millions, except per share data
)
The following table shows the Company's non-GAAP results reconciled to
the Generally Accepted
Accounting Principles ("GAAP") Condensed
Consolidated Statements of Operations.
Three Months Ended Year Ended
March 31, March 31,
------------------ ---------
-------
2005 2004 2005 2004
-------- -------- ------- --------
Net income $8
$90 $504 $577
Amortization of intangibles 1 1 3
3
COGS amortization of intangibles 2 - 3 -
Employee stock-based
compensation 2 - 6 -
Acquired in-process technology 3
- 13 -
Restructuring charges 1 9 1 10
Certain
non-recurring litigation
expenses 21 - 21 -
Income
taxes effect on the above
items (8) (3) (8) (4)
Income tax adjustment - (20) - (20)
-------- -------- ------- --------
Non-GAAP net income $30
$77 $543 $566
======== ======== ======= ========
Non-GAAP diluted earnings per share $0.
ELECTRONIC ARTS INC.18 $0. AND
SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in millions
, except per share data, SKU count and Headcount)
Q4
Q1 Q2 Q3 Q4 YOY %
FY04 FY05 FY05 FY05 FY05 Growth
CONSOLIDATED FINANCIAL DATA
Net revenue 598 432 716 1,428 553
(8%)
Net revenue - trailing
twelve months ("TTM") 2,957 3,035 3,221 3,174 3,129
6%
Gross profit 372 255 432 925 320 (14%)
Gross margin - % of
net revenue 62% 59% 60% 65% 58%
Gross profit - TTM 1,854 1,906 2,021 1,984 1,932 4%
Gross margin - TTM
%
of net revenue 63% 63% 63% 63% 62%
Operating income
94 25 125 519 - (100%)
Operating income
margin
- % of net
revenue 16% 6% 17% 36% -
Operating income
- TTM 776 779 802 763 669 (14%)
Operating income
margin
- TTM % of net
revenue 26% 26% 25% 24% 21%
Net
income 90 24 97 375 8 (92%)
Diluted earnings per
share $0.08 $0.31 $1.90 $1.
Because games reside securely on the PC
, not across a network, they play
as if they were still on the console or at the arcade, with fast
response
times, 3D effects, and original colors and characters.anime yuugi
Budding game designers everywhere
prepare to
create the most advanced stories and fantastic new game worlds ever! Game
publisher
Agetec, Inc.08 for the comparable period in fiscal 2005.87 $1.04) $0.02 $0.), a Time Warner company
."
At its Staples Center meeting room, Turner will preview its downloadable
proprietary GameTap
software, which acts as a gateway to the GameTap vault., a Time Warner company, is a major
producer
of news and entertainment products around the world and the leading
provider of programming for the
basic cable industry.ranma enchanted
ELECTRONIC ARTS INC.87 $1.18 $0.71 (7%)
CASH
FLOW DATA
Operating cash flow 562 (66) 89 137 474 (16%)
Operating
cash flow - TTM 669 638 664 722 634 (5%)
Capital expenditures
34 26 19 37 44 30%
Capital expenditures - TTM 90 104 106 116
126 41%
BALANCE SHEET DATA
Cash, cash equivalents and
short term investments
2,414 2,369 2,490 2,565 2,958 23%
Marketable equity securities 1 2 -
4 140 11353%
Receivables, net 212 170 379 892 296 40%
Inventories
55 53 79 84 62 12%
OTHER
Employees
4,773 4,813 5,104 5,669 6,122 28%
Diluted weighted-average
shares
313 316 316 317 322
(a) Please see attached Unaudited Reconciliation
of GAAP to Non-GAAP
Condensed Consolidated Statements of Operations." Delivered via streaming video
, the programming "will
celebrate games in the same way that Cartoon Network celebrates animation
and
TCM celebrates classic films," said Andrew T.fanfiction kenshin
These forward-looking
statements are
subject to risks and uncertainties that could cause
actual events or actual future results to differ
materially from the
expectations set forth in the forward-looking statements. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(in millions, except
per share data)
Three Months Ended Year Ended
March 31, March 31,
------------------ ----------------
2005 2004 2005
2004(a)
-------- -------- ------- --------
Net revenue
$553 $598 $3,129 $2,957
Cost of goods sold
233 226 1,197 1,103
-------- -------- ------- ----
----
Gross profit 320 372 1,932 1,854
Operating expenses:
Marketing and sales 87 67 391 370
General and administrative
66 46 221 185
Research and development 161 155 633
511
Amortization of intangibles 1 1 3 3
Acquired in
-process technology 4 - 13 -
Restructuring charges 1
9 2 9
-------- -------- ------- --------
Total operating expenses 320 278 1,263 1,078
-------- -------- ------- --------
Operating income -
94 669 776
Interest and other income, net 12 6 56 21
-------- -------- ------- --------
Income before provision
for income
taxes and minority interest 12 100 725 797
Provision for
income taxes 4 10 221 220
-----
--- -------- ------- --------
Income before minority interest 8 90 504
577
Minority interest - - - -
-------- -------- ------- --------
Net income
$8 $90 $504 $577
======== ======== ======= ========
Net income:
Basic $8 $90 $504 $577
Diluted $8 $90 $504 $577
Earnings per share:
Basic $0.08 $0.86 $1.25 $0.09 (64%)
Non-GAAP net income - TTM
(a) 566 572 593 590 543 (4%)
Non-GAAP diluted
earnings per
share -
TTM(a) $1. AND SUBSIDIARIES
Unaudited Supplemental Financial
Information and Business Metrics
(in millions, except per share data, SKU count and Headcount
)
Q4 Q1 Q2 Q3 Q4 YOY %
FY04 FY05 FY05 FY05 FY05 Growth
Platform SKU Release Mix
Sony PlayStation
2 4 3 9 9 6 50%
Xbox 3 3
8 9 6 100%
Nintendo GameCube 3 1 7 7 5 67%
Other consoles - - 1 1 - N/A
------------------------------
Total Consoles 10 7 25 26
17 70%
PC 1 3 6 7 5 400%
PSP - - - - 3 N/A
Game Boy Advance
- 1 2 4 - N/A
Nintendo DS - - - 3
- N/A
------------------------------
Total Mobility
- 1 2 7 3 N/A
-------------
-----------------
Total SKUs 11 11 33 40 25 127%
------------------------------
ELECTRONIC ARTS INC
.
The multi-level vault is divided into "rings" that organize the collection.captor rurouni
Agetec, Inc.
EA Reports Fourth Quarter and Fiscal Year 2005 Results; Record $3.1 Billion Revenue Driven by 31 Platinum
Titles
Q4 Q1 Q2 Q3 Q4
FY04 FY05 FY05 FY05 FY05
TRAILING TWELVE MONTH RESULTS
Net Income
GAAP net income $577 $583 $604 $587 $504
Adjustments:
Amortization of intangibles 3 3 4 3 3
COGS amortization of
intangibles - - - 1 3
Employee stock-based
compensation - - - 4 6
Acquired-in-process
technology - - - 10 13
Restructuring charges 10 9
9 9 1
Asset impairment charges - - - - -
Certain
non-recurring litigation
expenses - - - - 21
Other-than-temporary impairment
of investment in affiliates - - -
- -
Income taxes effect on the
above items (4) (3)
(4) (4) (8)
Income tax adjustment (20) (20) (20) (20) -
------ ------ ------ ------ ------
Total adjustments
(11) (11) (11) 3 39
Non-GAAP net income $566 $572 $593
$590 $543
====== ====== ====== ====== ======
Non-GAAP
net income margin - % of
net revenue 19% 19% 18% 19% 17%
GAAP diluted earnings per share $1.90 $1.88 $1.86 $1.
ELECTRONIC ARTS
INC.finction gundam
87 $1. Turner will
demonstrate GameTap at the Electronic Entertainment Expo, in
the Staples
Center's Lakers Conference Room.shunsuke animation
----Electronic
Arts (NASDAQ:ERTS) today announced preliminary financial
results for
the fourth quarter and fiscal year ended as compared with diluted net income per share
of
$0. When these items occur, the accounting impact will
become a reconciling item between the
GAAP results and these non-GAAP
measures. and/or other countries. The
Lord of the Rings and the
names of the characters, items, events and
places therein are trademarks of the Saul Zaentz Company
d/b/a Tolkien
Enterprises under license to New Line Productions, Inc.87 $1. Like a premium channel
, subscribers will pay a flat monthly fee
for an "all-you-can-play" experience on up to two household
PCs.ranma evangelion
PRESS RELEASE RPG Maker 3 Reaches Gold Status
A reconciliation of GAAP operating income to
non-GAAP operating
income; GAAP net income to non-GAAP net income; and GAAP diluted
earnings per
share to non-GAAP diluted earnings per share is included
as part of the supplemental disclosures
to this release. PSP is
a trademark of Sony Computer Entertainment Inc. All other trademarks
are
the property of their respective owners. AND SUBSIDIARIES
Unaudited Reconciliation of GAAP to Non
-GAAP Condensed Consolidated
Statements of Operations
(in millions, except per share data)
The following tables show the Company's non-GAAP results
reconciled to
the Generally Accepted Accounting Principles ("GAAP") Condensed
Consolidated Statements
of Operations.23 $0. AND SUBSIDIARIES
Unaudited Reconciliation of GAAP to Non-GAAP Condensed Consolidated
Statements of Operations
(in millions, except per share
data)
The following tables show the Company's non-GAAP results reconciled to
the Generally
Accepted Accounting Principles ("GAAP") Condensed
Consolidated Statements of Operations. AND SUBSIDIARIES
Unaudited Supplemental Fact Sheet for Q4 Fiscal 2005
Q4 Product Releases
Platform
-- MVP Baseball(TM) 2005 PlayStation(R)2
-- UEFA Champions League 2004/2005 PlayStation 2
-- FIFA Street
PlayStation 2
-- EA SPORTS(TM) Fight Night Round 2 PlayStation 2
-
- NBA STREET V3 PlayStation 2
-- EA SPORTS(TM) Rugby 2005
PlayStation 2
-- MVP Baseball 2005 Xbox(R)
-- UEFA Champions
League 2004/2005 Xbox
-- FIFA Street Xbox
-- EA SPORTS
Fight Night Round 2 Xbox
-- NBA STREET V3 Xbox
--
EA SPORTS Rugby 2005 Xbox
-- MVP Baseball 2005 Nintendo
GameCube(TM)
-- UEFA Champions League 2004/2005 Nintendo GameCube
-- FIFA Street
Nintendo GameCube
-- EA SPORTS Fight Night Round 2 Nintendo
GameCube
-- NBA STREET V3 Nintendo GameCube
-- MVP Baseball 2005
PC
-- UEFA Champions League 2004/2005 PC
-- NASCAR(R) SimRacing
(TM) PC
-- EA SPORTS Rugby 2005 PC
-- The Sims(TM) 2
University PC
-- Need for Speed(TM) Underground Rivals PSP(TM)
-- NFL
STREET 2: Unleashed PSP
-- Tiger Woods PGA TOUR(R) 2005 PSP
Co
-pub, International only and Others (not in SKU count)
-- TimeSplitters Future Perfect(TM)
PlayStation 2
-- TimeSplitters Future Perfect Nintendo GameCube
-- TimeSplitters
Future Perfect Xbox
-- Oddworld Stranger's Wrath(TM) Xbox
All trademarks
are the property of their respective owners.
ELECTRONIC ARTS INC.63
As reported - diluted $0.sakura fanfic
Some of the
factors which could cause the Company's results
to differ materially
from its expectations include the following: competition in the
interactive
entertainment industry; the availability of an adequate
supply of hardware platforms; the Company
's ability to predict
consumer preferences among competing hardware platforms; consumer
spending
trends; the seasonal and cyclical nature of the interactive
game segment; timely development and
release of Electronic Arts'
products; the Company's ability to manage expenses during fiscal year
2006; the Company's ability to secure licenses to valuable
entertainment properties on favorable
terms; the Company's ability to
attract and retain key personnel; changes in the Company's effective
tax rates; adoption of new accounting regulations and standards;
potential regulation of the Company
's products in key territories;
developments in the law regarding protection of the Company's
products;
fluctuations in foreign exchange rates; and other factors
described in the Company's annual report
on Form 10-K for the year
ended March 31, 2004 and quarterly report on Form 10-Q for the quarter
ended December 31, 2004. Entertainment Inc. TimeSplitters Future Perfect is a
trademark of Free
Radical Design Ltd.84 $1.08 $0.
GameTap will launch with 300 games, from Pong, Pac-Man and Tom Clancy
's
Splinter Cell, to Sonic and Tony Hawk's Pro Skater 2.
"After months of hard work by more
than a hundred programmers, producers
and graphic artists, this is a milestone for us at Turner
-- a chance for
gamers to finally get their hands on GameTap," said Blake Lewin, GameTap's
inventor
and vice president of product development and innovation.
Rings include "hot picks" and user favorites
, as well as games organized by
genre and platform.fandom fiction
A webcast
archive of the conference call will
be available for one year at
http://investor. The network, which will also
feature original Turner
programming, will launch this fall.gundam captor
29 $1.animation neon
Players can create events and story elements within a
menu-driven
environment and populate towns in real time, while choosing from a huge
cast of characters
, animations, magic effects, weapons and more -- all
reproduced in beautiful fantasy-style graphics
. is a world-class publisher of award-winning software and
hardware accessories for the North American
video game market.65 $1.
Q4 Q1 Q2 Q3
Q4
FY04 FY05 FY05 FY05 FY05
QUARTERLY RESULTS
Operating Income
GAAP operating income $94 $25 $125 $519 $-
Adjustments:
Amortization of intangibles 1 1 - 1 1
COGS
amortization of
intangibles - - - 1 2
Employee
stock-based
compensation - - - 4 2
Acquired
-in-process technology - - - 10 4
Restructuring charges 9
- - - 1
Asset impairment charges - - - -
-
Certain non-recurring
litigation expenses - - - -
21
------ ------ ------ ------ ------
Total adjustments
10 1 - 16 31
Non-GAAP operating income $104
$26 $125 $535 $31
====== ====== ====== ====== ======
Non-GAAP operating income margin
- % of net revenue 17% 6% 18%
37% 6%
Net Income
GAAP net income $90 $24 $97 $375
$8
Adjustments:
Amortization of intangibles 1 1 1 1 1
COGS amortization of
intangibles - - - 1 2
Employee stock-based
compensation - - - 4 2
Acquired-in-process technology - - - 10 3
Restructuring charges
9 - - - 1
Asset impairment charges - -
- - -
Certain non-recurring
litigation expenses - -
- - 21
Other-than-temporary impairment
of investment in affiliates
- - - - -
Income taxes effect on the
above items
(3) - - - (8)
Income tax adjustment (20) - -
- -
------ ------ ------ ------ ------
Total adjustments
(13) 1 1 16 22
Non-GAAP net income $77
$25 $98 $391 $30
====== ====== ====== ====== ======
Non-GAAP net income margin - % of
net revenue 13% 6% 14%
27% 5%
GAAP diluted earnings per share $0.08 $0.65 $1.39 $1.58
"
About Turner
Turner Broadcasting System, Inc.This category is for sites containing fan fiction
written by fans, featuring characters or worlds from specific anime or manga titles.
samurai yuugi
These non-GAAP
measures exclude
the following items, including any related tax effect, from the
Company's statement
of operations:
-- Amortization of intangibles
-- Employee stock-based compensation
-- Restructuring and asset impairment charges
-- Acquired in-process technology
-- Certain non-recurring litigation expenses
-- Other-than-temporary impairment of investments
in affiliates
In addition, other significant unforeseeable and non-recurring
items may occur
from time to time that require an adjustment to these
non-GAAP measures. The Company's non-GAAP results
do not include amortization of intangibles, employee stock-based
compensation, acquired in-process
technology, restructuring charges,
asset impairment charges, certain non-recurring litigation expenses
and other-than-temporary impairment of investments in affiliates and
their related income tax
effect. AND SUBSIDIARIES
Unaudited Supplemental Schedule of Earnings Adjusted for
Stock-Based Compensation
(in millions, except per share data)
Had the Company's stock-based compensation plans been measured on the
estimated fair value
at the grant dates in accordance with the
provisions of Statement of Financial Accounting Standards
No. GameTap supports
navigation and game play using both keyboard and mouse, as well as most USB
peripherals. "Publishers are embracing GameTap because we are
giving the kind of longevity to
gaming titles now enjoyed by movies, songs and
books.fanfiction enchanted
Business Editors/Technology Writers
REDWOOD CITY, Calif. For example, during the fourth quarter of fiscal
2004, a $20 million
non-recurring benefit to the Company's income tax
expense was included in the GAAP results but excluded
from the
non-GAAP results.95
Diluted $0.25 $1.84
Number of
shares used in diluted
earnings per share computation 322 313 318 308
ELECTRONIC ARTS INC.95
Pro forma - basic $(0.
Turner
to date has licensed nearly 1,000 games from 17 publishers,
including Activision, Atari, Eidos Interactive
, G-Mode, Intellivision Lives,
Midway, Namco, SEGA, TAITO, Team 17, Ubisoft and Vivendi Universal
Games.captor genesis
02 $0. The Company's non-GAAP results
do not include amortization of intangibles, employee
stock-based
compensation, acquired-in-process technology, restructuring charges,
asset impairment
charges, certain non-recurring litigation expenses,
and other-than- temporary impairment of investments
in affiliates, and
their related income tax effect.31 $1.02 (93%)
Net income - TTM
577 583 604 587 504 (13%)
Diluted earnings per
share
- TTM $1.59 $1. LOS ANGELES, Gamers, publishers and the broader
interactive entertainment
industry will get a first look at GameTap, the new
broadband entertainment network announced late
last month by Turner
Broadcasting System, Inc. Sites listed here have fan finction for multiple titles;
fan fiction sites for only one title belong in the category for that title.
finction shunsuke
RPG Maker 3 for the PlayStation2
computer entertainment system can
be pre-ordered through both www. HARRY POTTER
and all related
characters and elements are trademarks of and (C)
Warner Bros.71
ELECTRONIC
ARTS INC.94 $1.84 $1.30 $1. Pricing has
not been announced.
Dennis Quinn, executive
vice president of business development for Turner,
noted that, for the gaming industry, GameTap fills
the need for a viable post-
retail sales channel.rurouni anime
com.
About Agetec, Inc.
Note to Editors:
Need for Speed, The Sims, John Madden Football,
Burnout and Black are trademarks or registered trademarks
of
Electronic Arts Inc.S.94 $1.20 $1. "While we
are still porting games and signing publishers
, GameTap is finally in dress
rehearsal, and we can't wait to see the audience response.
rurouni samurai
For more information about RPG Maker 3 please visit www. Agetec
publishes many well-known brand titles
, including: "King's Field," "The
Adventures of Cookie & Cream," "Bass Landing," "RPG Maker," and
the
"Armored Core" game series as well as a growing list of over 65 game
titles. Based in Sunnyvale
, California, Agetec games support all console
and handheld gaming systems, including the PSP (PlayStationPortable
)
system.25 $0.87
Pro forma - diluted $(0.sakura fandom
gamestop.
The Company believes
that excluding these items is useful for
illustrating and explaining operating results and comparisons
to prior
periods.com
Some statements set forth in this release, including the estimates
under
the heading "Business Outlook," contain forward-looking
statements that are subject to change. The
three months and year ending
March 31, 2004 also exclude the impact of a one-time income tax
benefit
. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in
millions, except per share data, SKU count and Headcount)
Q4 Q1 Q2 Q3 Q4 YOY %
FY04 FY05 FY05 FY05
FY05 Growth
GEOGRAPHIC REVENUE MIX
North America Revenue 299 211 473 692
288 (4%)
International Revenue 299 221 243 736 265 (11%)
Europe
Revenue 249 190 210 666 218 (12%)
Asia Pacific Revenue 50
31 33 70 47 (7%)
------------------------------
Net Revenue 598 432 716 1,428 553 (8%)
GEOGRAPHIC REVENUE MIX
- as a % of
Net Revenue
North America Revenue 50% 49% 66% 48% 52%
International Revenue 50% 51% 34% 52% 48%
Europe Revenue
41% 44% 29% 47% 40%
Asia Pacific Revenue 9% 7% 5% 5%
8%
------------------------------
Net Revenue
100% 100% 100% 100% 100%
PLATFORM REVENUE MIX
Sony PlayStation 2
244 162 312 661 196 (20%)
Xbox 80 57 142 233
83 5%
Nintendo GameCube 50 26 38 109 37 (25%)
Other
consoles 3 2 1 6 1 (80%)
--
----------------------------
Total Consoles 377 247 493 1,009 317 (16
%)
PC 76 67 141 239 85 12%
PSP
- - - - 18 N/A
Game Boy Advance 14
18 10 39 9 (32%)
Nintendo DS - - - 16 7
N/A
Game Boy Color - - - - - (100%)
------------------------------
Total Mobility 14 18 10
55 34 140%
Co-publishing and
Distribution 112 67
49 79 89 (21%)
Subscription Services 13 13 13 14 16 27
%
Licensing, Advertising +
Other 6 20 10 32 12
85%
------------------------------
Total Internet
Services,
Licensing + Other 19 33 23 46 28 46%
------------------------------
Net Revenue 598
432 716 1,428 553 (8%)
PLATFORM REVENUE MIX - as a % of
Net Revenue
Sony PlayStation
2 41% 38% 43% 46% 35%
Xbox 13% 13% 20%
16% 15%
Nintendo GameCube 9% 6% 5% 8% 7%
Other consoles
0% 0% 0% 1% 0%
-----------------
-------------
Total Consoles 63% 57% 68% 71% 57%
PC
13% 15% 20% 17% 16%
PSP 0
% 0% 0% 0% 3%
Game Boy Advance 2% 4% 1% 3% 2%
Nintendo DS 0% 0% 0% 1% 1%
Game Boy Color
0% 0% 0% 0% 0%
------------------------------
Total Mobility 2% 4% 1% 4% 6%
Co-publishing and
Distribution 19% 16% 7% 5% 16%
Subscription Services
2% 3% 2% 1% 3%
Licensing, Advertising +
Other
1% 5% 2% 2% 2%
---------------------------
---
Total Internet
Services, Licensing +
Other
3% 8% 4% 3% 5%
-----------------------
-------
Net Revenue 100% 100% 100% 100% 100%
ELECTRONIC
ARTS INC.
The first network of its kind, GameTap allows subscribers to access a
large vault
of games, from the early arcades all the way through console games
and PC titles, using a broadband
-connected PC. New titles and
programming will be added each week. Once selected, each title displays
an associated
"InfoCard" that includes directions for playing, control options, and
"cheats,"
as well as parental controls (the vault contains "E," "E10+" and "T"
titles, only) and top scores
from the GameTap community. Heller, president of domestic
distribution for Turner.fanfiction evangelion
59 $1.87
Number of shares used in
computation:
Basic 309 300
305 295
Diluted 322 313 318 308
(a
) Derived from audited financial statements. The Company's non-GAAP results
do not include amortization
of intangibles, employee stock-based
compensation, acquired-in-process technology, restructuring
charges,
asset impairment charges, certain non-recurring litigation expenses,
and other-than-
temporary impairment of investments in affiliates, and
their related income tax effect.84 $1.Turner
To Preview GameTap Broadband Entertainment Network at E3
Turner will also preview its original
programming now under development
for GameTap.gundam works
agetec.com.
Non-GAAP Financial Measures
Electronic Arts uses non-GAAP measures of operating income, net
income and diluted earnings per
share. Management considers these non-GAAP measures in its
decision-making to facilitate more relevant
operating comparisons.ea. RenderWare is
a trademark or registered trademark of Criterion Software
Ltd. AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(in millions)
March 31,
March 31,
2005 2004(a)
---------------- --------------
ASSETS
Current assets:
Cash, cash
equivalents and short-
term investments $2,958 $2,414
Marketable equity securities 140 1
Receivables, net of allowances
of
$162 million and $155 million,
respectively 296
212
Inventories 62 55
Deferred
income taxes 86 84
Other current assets
164 163
---------------- ---------
-----
Total current assets 3,706 2,929
Property and equipment
, net 353 298
Investment in affiliates
10 14
Goodwill 153 92
Other
intangibles, net 36 18
Deferred income taxes
19 41
Other assets 93
72
---------------- --------------
Total Assets
$4,370 $3,464
================
==============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts
payable $134 $114
Accrued and other liabilities
694 630
---------------- ---------
-----
Total current liabilities 828 744
Other liabilities
33 42
-----
----------- --------------
Total liabilities 861 786
Minority interest 11 -
Stockholders' equity:
Common stock 3 3
Paid-in capital
1,434 1,154
Retained earnings 2
,005 1,501
Accumulated other comprehensive
income
56 20
---------------- ----------
----
Total stockholders' equity 3,498 2,678
---------------- --------------
Total Liabilities, Minority Interest
and Stockholders' Equity $4,370 $3,464
================ ==============
(a) Derived from audited financial statements.
ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements
of Cash Flows
(in millions)
Three Months Ended Year Ended
March 31,
March 31,
----------------- ----------------
2005 2004 2005 2004(a)
--
------ -------- ------- --------
OPERATING ACTIVITIES
Net income
$8 $90 $504 $577
Adjustments to reconcile net income
to net cash used in operating
activities:
Depreciation and amortization 22 18 75 78
Non
-cash restructuring and asset
impairment charges - 1 -
2
Other-than-temporary impairment
of investments in affiliates - (1)
- -
Realized losses on investments
and sale of property and
equipment
2 2 (8) 2
Stock-based compensation
2 - 6 1
Tax benefit from exercise of
stock options
40 27 75 69
Acquired in-process technology 4 - 13
-
Other operating activities (2) - - (2)
Change in
assets and
liabilities:
Receivables, net 608 593 (80)
(194)
Inventories 17 3 (14) (23)
Other assets
(20) (68) (35) (61)
Accounts payable (56)
(31) 28 23
Accrued and other liabilities (176) (21) 46 191
Deferred income taxes 25 (51) 24 6
-------- -------- ------- --------
Net cash provided by operating
activities
474 562 634 669
-------- -
------- ------- --------
INVESTING ACTIVITIES
Capital expenditures (44
) (34) (126) (90)
Proceeds from sale of property
and equipment
- 1 16 1
Proceeds from sale of marketable
equity securities
- 2 4 2
Purchase of marketable equity
securities
(90) - (90) -
Purchase of investment in
affiliates
- - (2) (1)
Proceeds from sale of investment
in affiliates - - - 8
Proceeds from maturities
and
sales of short-term investments 99 1,610 996 2,883
Purchase of short
-term
investments (194) (620) (2,442) (2,511)
Acquisition of
subsidiary, net
of cash acquired (22) (2) (81) (3)
Other
investing activities 1 (1) (1) (1)
-------- -------- ------- --------
Net cash provided by (used in)
investing activities
(250) 956 (1,726) 288
-------- --------
------- --------
FINANCING ACTIVITIES
Proceeds from sale of common
stock through
employee stock
plans and other plans 94 62 241 228
Repurchase
and retirement of
common stock (10) - (41) -
Other
financing activities - - - (3)
-------- -------- ------- --------
Net cash provided by financing
activities
84 62 200 225
-------- --------
------- --------
Effect of foreign exchange on cash
and cash equivalents
(1) (3) 12 18
-------- -------- ------- --
------
Increase (decrease) in cash and cash
equivalents 307 1,577
(880) 1,200
Beginning cash and cash equivalents 963 573 2,150 950
-------- -------- ------- --------
Ending cash and cash equivalents
1,270 2,150 1,270 2,150
Short-term investments 1,688 264 1,688
264
-------- -------- ------- --------
Ending cash, cash
equivalents and
short-term investments $2,958 $2,414 $2,958 $2,414
======== ======== ======= ========
(a) Derived from audited financial
statements. The three months and year ended March
31, 2004 also exclude the impact of a one-time
income tax adjustment.31 $1.29 $0.23 $0. 123,
"Accounting for Stock-Based Compensation", we estimate
that our
reported net income (loss) and net earnings (loss) per share would
have been the pro
forma amounts indicated below:
Three Months Ended Year
Ended
March 31, March 31,
--------------------- -----------------
2005 2004
2005 2004
--------------------- -----------------
Net income - as reported $8 $90 $504 $577
Stock-based compensation
(19) (28) (79) (97)
----------------
----- -----------------
Net income (loss) - pro forma $(11) $62 $425 $480
===================== =================
Net earnings (loss
) per share:
As reported - basic $0.
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