TAKE TWO INTERACTIVE SOFTWARE INC

10-K & 10-Q Filings

Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers worldwide. The company's strategy is to be the most creative, innovative, and efficient company in the evolving interactive entertainment industry. Take-Two's business is highly dependent on the creation, acquisition, licensing, and protection of intellectual property. The company's labels include Rockstar Games, 2K, Private Division, and Zynga. Take-Two's products are designed for console gaming systems, PC, and mobile platforms. The company's website is www.take2games.com, and its ticker symbol is TTWO. Take-Two's business segments include Rockstar Games, 2K, Private Division, and Zynga. The company's products are sold both digitally and physically through direct relationships with digital storefronts, platform partners, large retail customers, and third-party distributors. Take-Two competes with other interactive entertainment companies, Sony, Microsoft, and Nintendo for the sale of interactive entertainment software, and with other forms of entertainment such as motion pictures, television, social networking, online computer applications, and other forms of entertainment. International sales are a significant part of Take-Two's business, with 37.2%, 40.1%, and 40.2% of net revenue earned outside the United States for the fiscal years ended March 31, 2023, 2022, and 2021, respectively. Take-Two has 11,580 full-time employees as of March 31, 2023, with 7,064 employed outside of the United States. The company is committed to focusing on its teams, human capital management, and environmental, social, and governance (ESG) initiatives.

12 mos ending Mar 31, 201212 mos ending Mar 31, 201312 mos ending Mar 31, 201412 mos ending Mar 31, 201512 mos ending Mar 31, 201612 mos ending Mar 31, 201712 mos ending Mar 31, 201812 mos ending Mar 31, 201912 mos ending Mar 31, 202012 mos ending Mar 31, 202112 mos ending Mar 31, 202212 mos ending Mar 31, 20239 mos ending Dec 31, 20229 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$825.82
1214.48
2350.57
1082.94
1413.70
1779.75
1792.89
2668.39
3088.97
3372.77
3504.80
5349.90
3903.70
3950.20
18.51%1.19%Cost of Revenue (-)
$528.86
715.84
1414.33
794.87
813.87
1022.96
898.31
1523.64
1542.45
1535.09
1535.40
3064.60
1841.60
2177.50
17.32%18.24%Gross Profit (+)
$296.97
498.65
936.24
288.07
599.83
756.79
894.58
1144.75
1546.52
1837.69
1969.40
2285.30
2062.10
1772.70
20.38%-14.03%Selling, General & Administrative (-)
$304.95
404.59
402.37
410.43
390.76
496.86
503.92
672.63
776.66
835.67
1027.28
2435.70
1783.70
1645.80
20.79%-7.73%Research & Development (-)
$64.16
78.18
105.26
115.04
119.81
137.91
196.37
230.17
296.40
317.31
406.57
892.50
655.20
710.70
27.04%8.47%Depreciation & Amortization (-)
$12.12
10.63
13.36
21.06
28.80
30.71
43.97
40.23
48.11
55.60
61.10
122.30
86.00
128.30
23.38%49.19%Non-recurring Operating Expenses (-)
$
71.28
14.74
-4.96
0.08
-0.27
0.85
165.40
Operating Expenses (-)
$381.23
493.41
520.99
546.53
610.65
665.48
759.00
938.08
1121.25
1208.30
1495.80
3450.50
2524.90
2650.20
22.17%4.96%Costs & Expenses (Total) (-)
$910.09
1209.24
1935.31
1341.40
1424.53
1688.44
1657.32
2461.72
2663.70
2743.39
3031.20
6515.10
4366.50
4827.70
19.59%10.56%Operating Income/Loss (+)
$-84.27
5.24
415.26
-258.46
-10.83
91.31
135.58
206.67
425.27
629.38
473.60
-1165.20
-462.80
-877.50
-89.61%Non-operating Income/Expense (+)
$-19.57
-31.35
-42.57
-31.89
-30.20
-15.69
1.05
26.11
38.51
8.80
-8.20
-172.90
-144.70
-80.70
44.23%Earnings before Tax (+)
$-103.84
-26.11
376.15
-272.88
-38.35
76.97
136.63
232.78
458.44
677.82
465.40
-1338.10
-607.50
-958.20
-57.73%Tax Expense (-)
$3.86
5.05
14.46
6.59
-30.05
9.66
-36.91
-101.05
53.98
88.93
47.38
-213.40
-93.10
-117.00
-25.67%Income/Loss (Continuing Operations) (+)
$-107.70
-31.16
361.69
-279.47
-8.30
67.30
173.53
333.84
404.46
588.89
418.02
-1124.70
-514.40
-841.20
-63.53%Income/Loss (Discontinued Operations) (+)
$-1.12
1.67
-0.09
Net Income/Loss (+)
$-108.82
-29.49
361.61
-279.47
-8.30
67.30
173.53
333.84
404.46
588.89
418.02
-1124.70
-514.40
-841.20
-63.53%Net Income/Loss (Common) (+)
$-108.82
-29.49
361.61
-279.47
-8.30
67.30
173.53
333.84
404.46
588.89
418.02
-1124.70
-514.40
-841.20
-63.53%EPS (Basic)
$-1.31
-0.34
3.79
-3.48
-0.10
0.73
1.57
2.95
3.58
5.14
3.62
-7.03
-3.27
-4.95
-51.38%EPS (Diluted)
$-1.31
-0.34
3.20
-3.48
-0.10
0.72
1.54
2.90
3.54
5.09
3.58
-7.03
-3.27
-4.95
-51.38%Weighted Avg Shares (Basic)
89.88
91.87
98.97
84.61
84.83
103.84
114.38
112.54
113.94
115.66
115.81
169.33
168.67
170.59
5.93%1.13%Cash
$420.28
402.50
1129.24
1080.80
1059.91
1281.21
1246.37
1391.99
1904.27
1961.71
2091.88
1135.00
1192.40
1083.30
9.45%-9.15%Short-term Investments
$
186.93
470.82
448.93
615.41
744.49
644.00
1308.69
820.06
187.00
268.60
23.50
-91.25%Receivables
$45.03
189.60
53.14
217.86
168.53
219.56
247.65
395.73
592.55
552.76
579.43
763.20
711.10
666.30
29.34%-6.30%Inventory
$22.48
30.22
29.78
20.05
15.89
16.32
15.16
28.20
19.11
17.74
13.22
84.40
Prepaid Expenses (Current)
$41.93
44.88
71.08
55.51
53.27
59.59
133.45
186.69
273.50
320.65
272.72
277.10
282.10
286.80
18.73%1.67%Other Assets (Current)
$213.89
198.96
116.20
220.16
276.86
169.62
151.13
80.75
59.91
58.97
93.77
145.80
68.10
158.60
-3.42%132.89%Assets (Current)
$743.62
866.15
1399.44
1781.31
2045.28
2195.24
2409.18
2827.84
3493.35
4220.52
3871.09
2508.10
2606.70
2218.50
11.69%-14.89%Securities & Long-term Investments
$
89.12
98.54
103.45
99.60
109.90
106.50
-3.09%Property, Plant & Equipment (Net)
$18.95
25.36
42.57
69.79
77.13
67.30
102.48
127.88
286.17
314.13
459.25
685.50
680.50
717.00
38.57%5.36%Goodwill & Intangibles
$244.44
234.82
231.82
222.06
221.69
469.38
503.21
454.83
437.75
656.90
941.03
11220.30
12010.80
10161.10
41.60%-15.40%Other Assets
$142.43
151.51
125.80
157.94
246.19
417.24
722.98
832.52
642.43
738.14
1171.41
1348.60
1473.50
1692.60
22.67%14.87%Assets (Non-current)
$405.81
411.69
400.19
449.79
545.00
953.91
1328.66
1415.23
1455.48
1807.70
2675.13
13354.00
14274.70
12677.20
37.38%-11.19%Assets (Total)
$1149.43
1277.84
1799.63
2231.10
2590.28
3149.15
3737.84
4243.06
4948.83
6028.22
6546.22
15862.10
16881.40
14895.70
26.95%-11.76%Accounts Payable
$203.45
308.85
413.07
483.53
637.93
782.77
949.78
1108.49
1235.57
1275.09
1200.77
1365.80
1464.90
1174.00
18.90%-19.86%Debt (Current)
$
25.19
1346.80
350.00
373.20
6.63%Other Liabilities (Current)
$15.28
28.15
61.75
482.73
582.48
903.13
777.15
843.30
777.78
959.62
904.19
1139.00
1194.90
1145.20
47.99%-4.16%Liabilities (Current)
$218.72
337.00
474.82
966.26
1220.41
1685.89
1726.93
1951.79
2038.54
2234.72
2104.96
3851.60
3009.80
2692.40
29.79%-10.55%Debt (Non-current)
$316.34
335.20
454.03
476.06
497.94
251.93
8.07
152.06
1733.00
2735.50
2708.20
16.72%-1.00%Other Liabilities
$18.64
17.64
68.97
225.69
290.55
207.61
513.87
250.69
218.99
461.61
631.60
1235.00
1585.70
986.50
46.41%-37.79%Liabilities (Non-current)
$334.97
352.84
523.00
701.75
788.48
459.53
521.94
250.69
371.05
461.61
631.60
2968.00
4321.20
3694.70
21.94%-14.50%Liabilities (Total)
$553.70
689.84
997.82
1668.01
2008.89
2145.43
2248.87
2202.49
2409.59
2696.33
2736.56
6819.60
7331.00
6387.10
25.64%-12.88%Treasury Stock
$
-276.84
276.84
303.39
303.39
458.18
820.57
820.57
820.57
1020.58
1020.60
1020.60
1020.60
0.00%Retained Earnings
$-211.34
-240.83
120.78
-158.69
-167.00
-99.69
73.52
877.63
1282.09
1870.97
2288.99
1164.30
1774.60
323.10
-81.79%AOCI
$6.73
-4.57
2.12
-30.62
-37.90
-47.14
-15.73
-37.19
-58.38
-8.66
-57.34
-113.30
-134.20
-82.70
38.38%Shareholder's Equity
$595.73
588.00
801.81
563.09
581.38
1003.73
1488.97
2040.58
2539.24
3331.89
3809.66
9042.50
9550.40
8508.60
28.05%-10.91%Liabilities & Equity
$1149.43
1277.84
1799.63
2231.10
2590.28
3149.15
3737.84
4243.06
4948.83
6028.22
6546.22
15862.10
16881.40
14895.70
26.95%-11.76%Net Income/Loss
$-108.82
-29.49
361.61
-279.47
-8.30
67.30
173.53
333.84
404.46
588.89
418.02
-1124.70
-514.40
-841.20
-63.53%Depreciation & Amortization
$25.38
31.52
38.11
44.75
53.82
53.16
48.44
40.63
47.63
56.31
102.23
186.10
110.40
101.60
19.86%-7.97%Increase/Decrease in Working Capital
$-197.60
-154.84
-706.64
-405.48
-93.54
94.80
69.83
3.52
222.28
-16.22
744.17
1266.60
766.50
939.20
22.53%Share-based Compensation
$33.49
35.77
78.12
65.25
70.00
81.88
116.35
247.70
257.88
110.47
182.97
317.80
238.50
255.00
22.70%6.92%Adjustments to Reconcile Net Income
$23.85
24.92
338.66
492.28
269.61
264.13
220.41
509.68
281.22
323.43
-160.04
1125.80
550.20
834.00
41.96%51.58%Net Cash (Operating)
$-84.96
-4.57
700.26
212.81
261.31
331.43
393.95
843.51
685.68
912.32
257.98
1.10
35.80
-7.20
-120.11%Capital Expenditure
$4.48
16.82
28.81
49.50
37.28
151.84
96.92
95.12
65.42
171.39
319.97
3515.10
3379.50
113.00
83.28%-96.66%Net Cash (Investing)
$-14.16
-16.82
-30.81
-220.14
-324.52
-129.03
-271.83
-223.58
4.05
-806.72
139.22
-2876.30
-2814.80
26.50
100.94%Increase/Decrease in Debt
$250.00
117.19
1882.10
3048.90
9.70
20.14%-99.68%Increase/Decrease in Equity
$-6.88
-279.65
-26.55
-154.79
-362.39
10.52
14.21
-192.50
43.00
-0.10
30.60
30700.00%Interest Expenses
$6.99
11.23
9.10
7.66
7.63
7.63
4.12
5.26
4.75
1.86
79.00
24.66%Net Cash (Financing)
$243.36
-133.68
0.93
-48.05
-49.77
-281.47
-463.69
-77.45
-57.34
-256.81
1930.30
1904.60
-72.00
20.71%-103.78%Cash Taxes Paid
$1.02
4.70
10.03
9.75
-26.22
6.65
8.79
19.28
28.00
70.75
30.95
176.80
59.81%Effect of Exchange Rate
$-4.32
3.61
-2.87
-17.88
-1.12
-7.97
24.92
-10.64
-10.87
18.60
-5.30
-15.90
-18.60
7.90
142.47%Increase/Decrease in Cash
$139.92
-17.78
532.90
-24.28
-112.38
144.65
-134.42
145.62
601.41
66.86
135.08
-960.80
-893.00
-44.80
94.98%Cash (Beginning)
$280.36
420.28
402.50
935.40
911.12
798.74
943.40
1246.37
1391.99
1993.39
2060.25
2195.40
2195.30
1234.60
20.57%-43.76%Cash (Ending)
$420.28
402.50
935.40
911.12
798.74
943.40
808.97
1391.99
1993.39
2060.25
2195.33
1234.60
1302.30
1189.80
10.29%-8.64%NOPAT
$-83.44
4.30
404.19
-249.23
-18.23
83.42
172.20
296.39
399.29
563.69
442.10
-1351.03
-533.72
-984.65
-84.49%Gross Margin %
35.96%
41.06%
39.83%
26.60%
42.43%
42.52%
49.90%
42.90%
50.07%
54.49%
56.19%
42.72%
52.82%
44.88%
Operating Margin %
-10.20%
0.43%
17.67%
-23.87%
-0.77%
5.13%
7.56%
7.75%
13.77%
18.66%
13.51%
-21.78%
-11.86%
-22.21%
NOPAT Margin %
-10.10%
0.35%
17.20%
-23.01%
-1.29%
4.69%
9.60%
11.11%
12.93%
16.71%
12.61%
-25.25%
-13.67%
-24.93%
Net Margin %
-13.18%
-2.43%
15.38%
-25.81%
-0.59%
3.78%
9.68%
12.51%
13.09%
17.46%
11.93%
-21.02%
-13.18%
-21.30%
Tax Rate %
0.98%
18.01%
2.67%
3.57%
-68.38%
8.64%
-27.01%
-43.41%
6.11%
10.44%
6.65%
-15.95%
-15.33%
-12.21%
ROA
-7.26%
0.34%
22.46%
-11.17%
-0.70%
2.65%
4.61%
6.99%
8.07%
9.35%
6.75%
-8.52%
-3.16%
-6.61%
ROE
-14.01%
0.73%
50.41%
-44.26%
-3.14%
8.31%
11.57%
14.52%
15.72%
16.92%
11.60%
-14.94%
-5.59%
-11.57%
ROIC
-34.15%
1.33%
184.14%
136.03%
126.80%
45.90%
-11.70%
-4.41%
-9.40%
Asset Turnover
0.72
0.95
1.31
0.49
0.55
0.57
0.48
0.63
0.62
0.56
0.54
0.34
0.23
0.27
Inventory Turnover
23.53
23.69
47.49
39.64
51.23
62.67
59.25
54.03
80.72
86.52
116.11
21.82
Equity Multiplier
1.93
2.17
2.24
3.96
4.46
3.14
2.51
2.08
1.95
1.81
1.72
1.75
1.77
1.75
Current Ratio
3.40
2.57
2.95
1.84
1.68
1.30
1.40
1.45
1.71
1.89
1.84
0.65
0.87
0.82
Quick Ratio
2.13
1.76
2.49
1.54
1.39
1.16
1.22
1.30
1.54
1.71
1.66
0.54
0.72
0.66
Debt/Equity Ratio
0.53
0.57
0.57
0.85
0.86
0.25
0.01
0.07
0.34
0.32
0.36
Interest Coverage Ratio
-12.05
0.47
45.66
-33.76
-1.42
11.97
32.90
39.25
89.53
338.02
-14.75
Working Capital/Sales
-0.02
0.05
-0.02
-0.30
-0.39
-0.43
-0.43
-0.24
-0.14
-0.16
-0.12
-0.07
-0.15
-0.10
R&D/Sales
0.08
0.06
0.04
0.11
0.08
0.08
0.11
0.09
0.10
0.09
0.12
0.17
0.17
0.18
Total Payout
$-236.13
11.23
171.56
7.66
34.18
7.63
158.91
367.66
-5.77
-12.35
192.50
-1846.10
-3048.80
-40.30
98.68%Payout Ratio %
-283.00%
261.43%
42.44%
3.07%
187.46%
9.14%
92.28%
124.05%
-1.44%
-2.19%
43.54%
-136.64%
-571.23%
-4.09%