Spreadsheet: a6a6dbe8-0e83-4a4d-876d-87037694536e
Sheet: QTD P&L - 12 quarters

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(in millions, except per share data)
 |  |  |  | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4
 |  |  |  | FY10 | FY10 | FY10 | FY10 | FY11 | FY11 | FY11 | FY11 | FY12 | FY12 | FY12 | FY12
 | Net revenue |  |  | 644 | 788 | 1243 | 979 | 815 | 631 | 1053 | 1090 | 999 | 715 | 1061 | 1368
 |  | Cost of goods sold |  | 321 | 593 | 654 | 298 | 222 | 363 | 586 | 328 | 240 | 432 | 552 | 374
 | Gross profit |  |  | 323 | 195 | 589 | 681 | 593 | 268 | 467 | 762 | 759 | 283 | 509 | 994
 | Operating expenses:
 |  | Marketing and sales |  | 164 | 187 | 208 | 171 | 127 | 173 | 253 | 194 | 140 | 222 | 269 | 222
 |  | General and administrative |  | 66 | 91 | 84 | 79 | 74 | 77 | 75 | 75 | 74 | 88 | 98 | 115
 |  | Research and development |  | 312 | 316 | 290 | 311 | 275 | 277 | 273 | 328 | 285 | 318 | 325 | 284
 |  | Acquisition-related contingent consideration |  | 0 | 0 | 0 | 2 | 2 | -28 | 1 | 8 | 2 | 17 | -11 | 3
 |  | Amortization of intangibles |  | 12 | 12 | 14 | 15 | 15 | 15 | 14 | 13 | 13 | 13 | 11 | 6
 |  | Restructuring and other |  | 14 | 6 | 100 | 20 | 2 | 6 | 154 | -1 | 18 | -1 | 0 | -1
 |  |  | Total operating expenses | 568 | 612 | 696 | 598 | 495 | 520 | 770 | 617 | 532 | 657 | 692 | 629
 | Operating income (loss) |  |  | -245 | -417 | -107 | 83 | 98 | -252 | -303 | 145 | 227 | -374 | -183 | 365
 | Gain (loss) on strategic investments, net |  |  | -16 | -8 | -1 | -1 | -5 | 28 | 0 | 0 | 0 | 0 | 0 | 0
 | Interest and other income (expense), net |  |  | 3 | 7 | -2 | -2 | 0 | 6 | 0 | 4 | 3 | -6 | -10 | -4
 | Income (loss) before provision for (benefit from) income taxes |  |  | -258 | -418 | -110 | 80 | 93 | -218 | -303 | 149 | 230 | -380 | -193 | 361
 | Provision for (benefit from) income taxes |  |  | -24 | -27 | -28 | 50 | -3 | -17 | 19 | -2 | 9 | -40 | 12 | -39
 | Net income (loss) |  |  | -234 | -391 | -82 | 30 | 96 | -201 | -322 | 151 | 221 | -340 | -205 | 400
 | GAAP earnings (loss) per share
 |  | Basic |  | -0.72 | -1.21 | -0.25 | 0.09 | 0.29 | -0.61 | -0.97 | 0.45 | 0.67 | -1.03 | -0.62 | 1.22
 |  | Diluted |  | -0.72 | -1.21 | -0.25 | 0.09 | 0.29 | -0.61 | -0.97 | 0.45 | 0.66 | -1.03 | -0.62 | 1.2
 | Number of shares used in computation
 |  | Basic |  | 323 | 324 | 325 | 327 | 328 | 329 | 332 | 333 | 331 | 331 | 332 | 329
 |  | Diluted |  | 323 | 324 | 325 | 330 | 332 | 329 | 332 | 336 | 337 | 331 | 332 | 332
GAAP Income Statements - as a % of Revenue
 |  |  |  | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4
 |  |  |  | FY10 | FY10 | FY10 | FY10 | FY11 | FY11 | FY11 | FY11 | FY12 | FY12 | FY12 | FY12
 | Gross profit |  |  | 0.502 | 0.247 | 0.474 | 0.696 | 0.728 | 0.425 | 0.443 | 0.699 | 0.76 | 0.396 | 0.48 | 0.727
 | Operating expenses:
 |  | Marketing and sales |  | 0.255 | 0.237 | 0.167 | 0.175 | 0.157 | 0.274 | 0.24 | 0.178 | 0.14 | 0.31 | 0.254 | 0.162
 |  | General and administrative |  | 0.102 | 0.115 | 0.068 | 0.081 | 0.091 | 0.122 | 0.071 | 0.069 | 0.074 | 0.123 | 0.092 | 0.084
 |  | Research and development |  | 0.484 | 0.401 | 0.234 | 0.318 | 0.338 | 0.438 | 0.26 | 0.301 | 0.286 | 0.445 | 0.306 | 0.208
 |  | Acquired in-process technology |  | - | - | - | - | - | - | 0.001 | - | - | - | - | -
 |  | Acquisition-related contingent consideration |  | - | - | - | 0.002 | 0.002 | -0.044 | - | 0.007 | 0.002 | 0.024 | -0.01 | 0.002
 |  | Amortization of intangibles |  | 0.019 | 0.015 | 0.011 | 0.015 | 0.018 | 0.024 | 0.013 | 0.012 | 0.013 | 0.018 | 0.01 | 0.004
 |  | Certain abandoned acquisition-related costs |  | - | - | - | - | - | - | - | - | - | - | - | -
 |  | Goodwill impairment |  | - | - | - | - | - | - | - | - | - | - | - | -
 |  | Restructuring and other |  | 0.022 | 0.008 | 0.08 | 0.02 | 0.002 | 0.01 | 0.146 | -0.001 | 0.018 | -0.001 | - | -
 |  |  | Total operating expenses | 0.882 | 0.776 | 0.56 | 0.611 | 0.608 | 0.824 | 0.731 | 0.566 | 0.533 | 0.919 | 0.652 | 0.46
 | Operating income (loss) |  |  | -0.38 | -0.529 | -0.086 | 0.085 | 0.12 | -0.399 | -0.288 | 0.133 | 0.227 | -0.523 | -0.172 | 0.267
 | Gain (loss) on strategic investments, net |  |  | -0.025 | -0.01 | -0.001 | -0.001 | -0.006 | 0.044 | - | - | - | - | - | -
 | Interest and other income (expense), net |  |  | 0.004 | 0.009 | -0.002 | -0.002 | - | 0.01 | - | 0.004 | 0.003 | -0.008 | -0.01 | -0.003
 | Income (loss) before provision for (benefit from) income taxes |  |  | -0.401 | -0.53 | -0.089 | 0.082 | 0.114 | -0.345 | -0.288 | 0.137 | 0.23 | -0.531 | -0.1820000000000001 | 0.264
 | Provision for (benefit from) income taxes |  |  | -0.038 | -0.034 | -0.023 | 0.051 | -0.004 | -0.026 | 0.018 | -0.002 | 0.009 | -0.055 | 0.011 | -0.028
 | Net income (loss) |  |  | -0.363 | -0.496 | -0.066 | 0.031 | 0.118 | -0.319 | -0.306 | 0.139 | 0.221 | -0.476 | -0.1930000000000001 | 0.292
Non-GAAP Results (in millions)
The following tables reconcile the Company's net income (loss) and earnings (loss) per share as presented in its Unaudited Condensed Consolidated Statements of Operations and prepared in accordance with Generally Accepted Accounting Principles ("GAAP") to its non-GAAP net income (loss) and non-GAAP earnings (loss) per share.
 |  |  |  | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4
 |  |  |  | FY10 | FY10 | FY10 | FY10 | FY11 | FY11 | FY11 | FY11 | FY12 | FY12 | FY12 | FY12
Net income (loss) |  |  |  | -234 | -391 | -82 | 30 | 96 | -201 | -322 | 151 | 221 | -340 | -205 | 400
 | Acquisition-related expenses |  |  | 15 | 15 | 16 | 19 | 20 | -10 | 18 | 24 | 18 | 38 | 14 | 36
 | Amortization of debt discount |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 5
 | Certain non-recurring litigation expenses |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 27
 | Change in deferred net revenue (packaged goods and digital content) |  |  | 172 | 359 | 103 | -129 | -276 | 253 | 357 | -95 | -475 | 319 | 590 | -391
 | Loss on lease obligation (G&A) |  |  | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Loss on licensed intellectual property commitment (COGS) |  |  | 0 | -2 | 0 | -1 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0
 | Loss (gain) on strategic investments, net |  |  | 16 | 8 | 1 | 1 | 5 | -28 | 0 | 0 | 0 | 0 | 0 | 0
 | Restructuring and other |  |  | 14 | 6 | 100 | 20 | 2 | 6 | 154 | -1 | 18 | -1 | 0 | -1
 | Stock-based compensation |  |  | 33 | 44 | 42 | 42 | 47 | 43 | 46 | 38 | 38 | 43 | 48 | 41
 | Income tax adjustments |  |  | -22 | -34 | -71 | 41 | 28 | -30 | -57 | -34 | 57 | -46 | -118 | -61
Non-GAAP Net income (loss) |  |  |  | -6 | 19 | 109 | 23 | -78 | 32 | 196 | 83 | -123 | 17 | 334 | 56
Non-GAAP Income Statements
 |  |  |  | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4
 |  |  |  | FY10 | FY10 | FY10 | FY10 | FY11 | FY11 | FY11 | FY11 | FY12 | FY12 | FY12 | FY12
 | Net revenue |  |  | 816 | 1147 | 1346 | 850 | 539 | 884 | 1410 | 995 | 524 | 1034 | 1651 | 977
 |  | Total cost of goods sold |  | 317 | 592 | 652 | 296 | 218 | 361 | 582 | 325 | 236 | 424 | 538 | 346
 | Gross profit |  |  | 499 | 555 | 694 | 554 | 321 | 523 | 828 | 670 | 288 | 610 | 1113 | 631
 | Operating expenses:
 |  | Marketing and sales |  | 161 | 182 | 204 | 167 | 123 | 167 | 247 | 189 | 135 | 216 | 262 | 214
 |  | General and administrative |  | 61 | 67 | 75 | 70 | 62 | 67 | 65 | 67 | 65 | 79 | 87 | 81
 |  | Research and development |  | 288 | 287 | 261 | 283 | 245 | 250 | 244 | 303 | 262 | 290 | 295 | 259
 |  |  | Total operating expenses | 510 | 536 | 540 | 520 | 430 | 484 | 556 | 559 | 462 | 585 | 644 | 554
 | Operating income (loss) |  |  | -11 | 19 | 154 | 34 | -109 | 39 | 272 | 111 | -174 | 25 | 469 | 77
 | Interest and other income (expense), net |  |  | 3 | 7 | -2 | -2 | 0 | 6 | 0 | 4 | 3 | -2 | -5 | 1
 | Income (loss) before provision for (benefit from) income taxes |  |  | -8 | 26 | 152 | 32 | -109 | 45 | 272 | 115 | -171 | 23 | 464 | 78
 | Provision for (benefit from) income taxes |  |  | -2 | 7 | 43 | 9 | -31 | 13 | 76 | 32 | -48 | 6 | 130 | 22
 | Non-GAAP Net income (loss) |  |  | -6 | 19 | 109 | 23 | -78 | 32 | 196 | 83 | -123 | 17 | 334 | 56
 | Non-GAAP earnings (loss) per share
 | Basic |  |  | -0.02 | 0.06 | 0.34 | 0.07 | -0.24 | 0.1 | 0.59 | 0.25 | -0.37 | 0.05 | 1.01 | 0.17
 | Diluted |  |  | -0.02 | 0.06 | 0.33 | 0.07 | -0.24 | 0.1 | 0.59 | 0.25 | -0.37 | 0.05 | 0.99 | 0.17
 | Number of shares used in computation
 | Basic |  |  | 323 | 324 | 325 | 327 | 328 | 329 | 332 | 333 | 331 | 331 | 332 | 329
 | Diluted |  |  | 323 | 325 | 327 | 330 | 328 | 333 | 335 | 336 | 331 | 337 | 338 | 332
Non-GAAP Income Statements - as a % of Revenue
 |  |  |  | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4
 |  |  |  | FY10 | FY10 | FY10 | FY10 | FY11 | FY11 | FY11 | FY11 | FY12 | FY12 | FY12 | FY12
 | Gross profit |  |  | 0.612 | 0.484 | 0.516 | 0.652 | 0.596 | 0.592 | 0.587 | 0.673 | 0.55 | 0.59 | 0.674 | 0.646
 | Operating expenses:
 |  | Marketing and sales |  | 0.197 | 0.159 | 0.152 | 0.196 | 0.228 | 0.189 | 0.175 | 0.19 | 0.258 | 0.209 | 0.159 | 0.219
 |  | General and administrative |  | 0.075 | 0.058 | 0.056 | 0.082 | 0.115 | 0.076 | 0.046 | 0.067 | 0.124 | 0.077 | 0.053 | 0.083
 |  | Research and development |  | 0.353 | 0.25 | 0.194 | 0.334 | 0.455 | 0.283 | 0.173 | 0.304 | 0.5 | 0.28 | 0.178 | 0.265
 |  |  | Total operating expenses | 0.625 | 0.467 | 0.402 | 0.612 | 0.798 | 0.548 | 0.394 | 0.5609999999999999 | 0.882 | 0.566 | 0.39 | 0.567
 | Operating income (loss) |  |  | -0.013 | 0.017 | 0.114 | 0.04 | -0.202 | 0.044 | 0.193 | 0.1120000000000001 | -0.332 | 0.024 | 0.284 | 0.079
 | Interest and other income (expense), net |  |  | 0.003 | 0.006 | -0.001 | -0.002 | - | 0.007 | - | 0.004 | 0.006 | -0.002 | -0.003 | 0.001
 | Income (loss) before provision for (benefit from) income taxes |  |  | -0.01 | 0.023 | 0.113 | 0.038 | -0.202 | 0.051 | 0.193 | 0.1160000000000001 | -0.326 | 0.022 | 0.281 | 0.08
 | Provision for (benefit from) income taxes |  |  | -0.003 | 0.006 | 0.032 | 0.011 | -0.057 | 0.015 | 0.054 | 0.033 | -0.091 | 0.006 | 0.079 | 0.023
 | Non-GAAP Net income (loss) |  |  | -0.007 | 0.017 | 0.081 | 0.027 | -0.145 | 0.036 | 0.139 | 0.083 | -0.235 | 0.016 | 0.202 | 0.057