Electronic Arts Reports Q4 FY17 and Full Year FY17 Financial Results

While EA no longer reports certain non-GAAP financial measures, the following GAAP-based financial data and a long-term tax rate of 21% are used internally by company management to adjust its GAAP results in order to assess EA’s operating results:

 
Twelve Months Ended March 31, 2017
  GAAP-Based Financial Data
(in millions)

Statement of
Operations

Acquisition-
related
expenses

 

Amortization
of debt
discount and
loss on
conversion of
notes

 

Change in
deferred net
revenue
(online-
enabled
games)

 

Stock-based
compensation

Net revenue $ 4,845 $ - $ - $ 97 $ -
Cost of revenue   1,298     (43 )   -   -   (3 )
Gross profit 3,547 43 - 97 3
Total operating expenses   2,323     (6 )   -   -   (193 )
Operating income 1,224 49 - 97 196
Interest and other income (expense), net   (14 )   -     2   -   -  
Income before provision for income taxes $ 1,210 $ 49 $ 2 $ 97 $ 196
Number of shares used in computation
Diluted 314
 

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