ELECTRONIC ARTS INC.

10-K & 10-Q Filings

Electronic Arts Inc. is a global leader in digital interactive entertainment. The company develops, markets, publishes, and delivers games, content, and services that can be experienced on consoles, PCs, mobile phones, and tablets. Electronic Arts' portfolio includes intellectual property that it either wholly owns, such as Apex Legends, Battlefield, and The Sims, or licenses from others, such as Madden NFL, Star Wars, and the 300+ licenses within its global football ecosystem. The company's business strategy focuses on building games and experiences that grow the global online communities around its key franchises, reaching more players, and investing in new areas of opportunity. Electronic Arts generates revenue from its global football franchise, which is consistently one of the top franchises in the marketplace and includes annualized console, PC, and mobile games, as well as FIFA Ultimate Team. Starting in fiscal year 2024, the global football franchise will transition to a new EA SPORTS FC brand. The company also generates significant revenue from live services net revenue, particularly extra content net revenue, which is material to its business and is expected to continue to be so. Electronic Arts offers its games and services through various business models, distribution channels, and devices, including console, PC, mobile, and retail channels. The company has partnerships with Sony, Microsoft, Apple, Google, and other app stores, as well as publishing partners in Asia, such as Tencent Holdings Limited, Nexon Co., Ltd, and Garena Online Private Limited. The company's website is www.ea.com, and its ticker symbol is EA.

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 (+)
$4143.00
3797.00
3575.00
4515.00
4396.00
4845.00
5150.00
4950.00
5537.00
5629.00
6991.00
7426.00
5552.00
5783.00
5.45%4.16%Cost of Revenue (-)
$1598.00
1388.00
1347.00
1429.00
1354.00
1298.00
1277.00
1322.00
1369.00
1494.00
1859.00
1792.00
1344.00
1353.00
1.05%0.67%Gross Profit (+)
$2545.00
2409.00
2228.00
3086.00
3042.00
3547.00
3873.00
3628.00
4168.00
4135.00
5132.00
5634.00
4208.00
4430.00
7.49%5.28%Selling, General & Administrative (-)
$1228.00
1142.00
1090.00
1033.00
1028.00
1112.00
1110.00
1162.00
1137.00
1281.00
1634.00
1705.00
1226.00
1291.00
3.03%5.30%Research & Development (-)
$1212.00
1153.00
1125.00
1094.00
1109.00
1205.00
1320.00
1433.00
1559.00
1778.00
2186.00
2328.00
1693.00
1782.00
6.11%5.26%Depreciation & Amortization (-)
$43.00
30.00
16.00
14.00
7.00
6.00
9.00
23.00
22.00
30.00
183.00
158.00
132.00
70.00
12.56%-46.97%Non-recurring Operating Expenses (-)
$
111.00
3.00
Operating Expenses (-)
$2510.00
2288.00
2195.00
2138.00
2144.00
2323.00
2439.00
2632.00
2723.00
3089.00
4003.00
4302.00
3051.00
3146.00
5.02%3.11%Costs & Expenses (Total) (-)
$4108.00
3676.00
3542.00
3567.00
3498.00
3621.00
3716.00
3954.00
4092.00
4583.00
5862.00
6094.00
4395.00
4499.00
3.65%2.37%Operating Income/Loss (+)
$35.00
121.00
33.00
948.00
898.00
1224.00
1434.00
996.00
1445.00
1046.00
1129.00
1332.00
1157.00
1284.00
39.21%10.98%Non-operating Income/Expense (+)
$-17.00
-21.00
-26.00
-23.00
-21.00
-14.00
15.00
83.00
63.00
-29.00
-48.00
-6.00
-12.00
45.00
475.00%Earnings before Tax (+)
$18.00
139.00
7.00
925.00
877.00
1210.00
1449.00
1079.00
1508.00
1017.00
1081.00
1326.00
1145.00
1329.00
47.83%16.07%Tax Expense (-)
$-58.00
41.00
-1.00
50.00
-279.00
243.00
406.00
60.00
-1531.00
180.00
292.00
524.00
331.00
238.00
-28.10%Income/Loss (Continuing Operations) (+)
$76.00
98.00
8.00
875.00
1156.00
967.00
1043.00
1019.00
3039.00
837.00
789.00
802.00
814.00
1091.00
23.89%34.03%Net Income/Loss (+)
$76.00
98.00
8.00
875.00
1156.00
967.00
1043.00
1019.00
3039.00
837.00
789.00
802.00
814.00
1091.00
23.89%34.03%Net Income/Loss (Common) (+)
$76.00
98.00
8.00
875.00
1156.00
967.00
1043.00
1019.00
3039.00
837.00
789.00
802.00
814.00
1091.00
23.89%34.03%EPS (Basic)
$0.23
0.32
0.03
2.81
3.73
3.19
3.39
3.36
10.37
2.90
2.78
2.90
2.93
4.03
25.91%37.54%EPS (Diluted)
$0.23
0.31
0.03
2.69
3.50
3.08
3.34
3.33
10.30
2.87
2.76
2.88
2.92
4.01
25.83%37.33%Weighted Avg Shares (Basic)
331.00
310.00
308.00
311.00
310.00
303.00
308.00
303.00
293.00
289.00
284.00
277.00
278.00
271.00
-1.61%-2.52%Weighted Avg Shares (Diluted)
336.00
313.00
316.00
325.00
330.00
314.00
312.00
306.00
295.00
292.00
286.00
278.00
279.00
272.00
-1.71%-2.51%Cash
$1293.00
1292.00
1782.00
2068.00
2493.00
2565.00
4258.00
4708.00
3768.00
5260.00
2732.00
2424.00
2202.00
2742.00
5.88%24.52%Short-term Investments
$556.00
388.00
583.00
953.00
1341.00
1967.00
1073.00
737.00
1967.00
1106.00
Receivables
$366.00
312.00
327.00
362.00
233.00
359.00
385.00
623.00
461.00
521.00
650.00
684.00
836.00
867.00
5.85%3.71%Inventory
$59.00
42.00
56.00
36.00
33.00
Other Assets (Current)
$335.00
291.00
390.00
301.00
254.00
308.00
288.00
313.00
321.00
326.00
769.00
861.00
804.00
740.00
8.96%-7.96%Assets (Current)
$2609.00
2325.00
3138.00
3720.00
4354.00
5199.00
6004.00
6381.00
6517.00
7213.00
4151.00
3969.00
3842.00
4349.00
3.89%13.20%Property, Plant & Equipment (Net)
$568.00
548.00
510.00
459.00
439.00
434.00
453.00
448.00
449.00
491.00
550.00
549.00
553.00
561.00
-0.31%1.45%Goodwill & Intangibles
$2087.00
1974.00
1900.00
1824.00
1767.00
1715.00
1954.00
1979.00
1938.00
3177.00
6349.00
5998.00
6115.00
5883.00
10.07%-3.79%Other Assets
$227.00
223.00
168.00
144.00
490.00
370.00
173.00
149.00
2208.00
2407.00
2750.00
2943.00
2960.00
2824.00
26.23%-4.59%Assets (Non-current)
$2882.00
2745.00
2578.00
2427.00
2696.00
2519.00
2580.00
2576.00
4595.00
6075.00
9649.00
9490.00
9628.00
9268.00
11.44%-3.74%Assets (Total)
$5491.00
5070.00
5716.00
6147.00
7050.00
7718.00
8584.00
8957.00
11112.00
13288.00
13800.00
13459.00
13470.00
13617.00
8.49%1.09%Accounts Payable
$1072.00
873.00
900.00
862.00
799.00
876.00
869.00
1165.00
1120.00
1437.00
1489.00
1384.00
1305.00
1361.00
2.35%4.29%Debt (Current)
$
602.00
161.00
599.00
Other Liabilities (Current)
$1048.00
1044.00
1490.00
1283.00
1458.00
1539.00
1622.00
1100.00
945.00
1527.00
2024.00
1901.00
1808.00
1919.00
5.56%6.14%Liabilities (Current)
$2120.00
1917.00
2390.00
2747.00
2418.00
2415.00
2491.00
2265.00
2664.00
2964.00
3513.00
3285.00
3113.00
3280.00
4.06%5.36%Debt (Non-current)
$539.00
559.00
580.00
989.00
990.00
992.00
994.00
397.00
1876.00
1878.00
1880.00
1879.00
1881.00
12.03%0.11%Other Liabilities
$374.00
327.00
324.00
333.00
245.00
253.00
506.00
367.00
590.00
608.00
784.00
1001.00
927.00
923.00
9.36%-0.43%Liabilities (Non-current)
$913.00
886.00
904.00
333.00
1234.00
1243.00
1498.00
1361.00
987.00
2484.00
2662.00
2881.00
2806.00
2804.00
11.01%-0.07%Liabilities (Total)
$3033.00
2803.00
3294.00
3080.00
3652.00
3658.00
3989.00
3626.00
3651.00
5448.00
6175.00
6166.00
5919.00
6084.00
6.66%2.79%Retained Earnings
$-77.00
21.00
29.00
904.00
2060.00
3027.00
4062.00
5358.00
7508.00
7887.00
7607.00
7357.00
7585.00
7614.00
0.38%AOCI
$173.00
69.00
37.00
2.00
-16.00
-19.00
-127.00
-30.00
-50.00
-50.00
15.00
-67.00
-37.00
-84.00
-127.03%Shareholder's Equity
$2458.00
2267.00
2422.00
3036.00
3396.00
4060.00
4595.00
5331.00
7461.00
7840.00
7625.00
7293.00
7551.00
7533.00
10.39%-0.24%Liabilities & Equity
$5491.00
5070.00
5716.00
6147.00
7050.00
7718.00
8584.00
8957.00
11112.00
13288.00
13800.00
13459.00
13470.00
13617.00
8.49%1.09%Net Income/Loss
$76.00
98.00
8.00
875.00
1156.00
967.00
1043.00
1019.00
3039.00
837.00
789.00
802.00
814.00
1091.00
23.89%34.03%Depreciation & Amortization
$216.00
264.00
227.00
220.00
197.00
172.00
136.00
145.00
150.00
181.00
486.00
536.00
363.00
255.00
8.61%-29.75%Increase/Decrease in Working Capital
$178.00
-56.00
-396.00
169.00
318.00
-48.00
-271.00
-85.00
1744.00
-481.00
-96.00
336.00
650.00
47.00
5.95%-92.77%Share-based Compensation
$170.00
164.00
150.00
144.00
178.00
196.00
242.00
284.00
347.00
435.00
528.00
548.00
406.00
436.00
11.23%7.39%Adjustments to Reconcile Net Income
$201.00
226.00
704.00
192.00
67.00
416.00
649.00
528.00
-1242.00
1097.00
1110.00
748.00
119.00
644.00
12.69%441.18%Net Cash (Operating)
$277.00
324.00
712.00
1067.00
1223.00
1383.00
1692.00
1547.00
1797.00
1934.00
1899.00
1550.00
933.00
1735.00
16.95%85.96%Capital Expenditure
$822.00
116.00
102.00
95.00
93.00
123.00
257.00
177.00
140.00
1363.00
3579.00
207.00
160.00
148.00
-11.78%-7.50%Net Cash (Investing)
$-689.00
32.00
-301.00
-470.00
-484.00
-759.00
622.00
169.00
-1357.00
-505.00
-2804.00
-217.00
-180.00
-158.00
12.22%Increase/Decrease in Debt
$617.00
519.00
-163.00
600.00
Increase/Decrease in Equity
$122.00
-313.00
77.00
-277.00
-911.00
-436.00
-523.00
-1131.00
-1145.00
-643.00
-1223.00
-1215.00
-923.00
-932.00
-0.98%Interest Expenses
$2.00
5.00
6.00
6.00
4.00
43.00
42.00
42.00
42.00
40.00
56.00
56.00
28.00
28.00
35.38%0.00%Dividends Paid
$
-98.00
193.00
210.00
158.00
154.00
-2.53%Net Cash (Financing)
$140.00
-345.00
89.00
-255.00
-306.00
-534.00
-643.00
-1253.00
-1358.00
-15.00
-1620.00
-1600.00
-1242.00
-1264.00
-1.77%Cash Taxes Paid
$-4.00
26.00
29.00
2.00
35.00
51.00
57.00
100.00
170.00
340.00
629.00
583.00
-457.00
-204.00
55.36%Effect of Exchange Rate
$-14.00
-12.00
-10.00
-56.00
-8.00
-18.00
22.00
-13.00
-22.00
78.00
-3.00
-41.00
-41.00
5.00
112.20%Increase/Decrease in Cash
$-286.00
-1.00
490.00
286.00
425.00
72.00
1693.00
450.00
-940.00
1492.00
-2528.00
-308.00
-530.00
318.00
160.00%Cash (Beginning)
$1579.00
1293.00
1292.00
1782.00
2068.00
2493.00
2565.00
4258.00
4708.00
3768.00
5260.00
2732.00
2424.00
5.11%Cash (Ending)
$1293.00
1292.00
1782.00
2068.00
2493.00
2565.00
4258.00
4708.00
3768.00
5260.00
2732.00
2424.00
2202.00
2742.00
5.88%24.52%NOPAT
$42.78
98.37
37.71
945.95
1183.68
1172.41
1377.59
903.69
2912.04
696.30
472.07
746.36
822.53
1054.06
29.68%28.15%Gross Margin %
61.43%
63.44%
62.32%
68.35%
69.20%
73.21%
75.20%
73.29%
75.28%
73.46%
73.41%
75.87%
75.79%
76.60%
Operating Margin %
0.84%
3.19%
0.92%
21.00%
20.43%
25.26%
27.84%
20.12%
26.10%
18.58%
16.15%
17.94%
20.84%
22.20%
NOPAT Margin %
1.03%
2.59%
1.05%
20.95%
26.93%
24.20%
26.75%
18.26%
52.59%
12.37%
6.75%
10.05%
14.82%
18.23%
Net Margin %
1.83%
2.58%
0.22%
19.38%
26.30%
19.96%
20.25%
20.59%
54.89%
14.87%
11.29%
10.80%
14.66%
18.87%
Tax Rate %
-22.22%
18.71%
-14.29%
0.22%
-31.81%
4.21%
3.93%
9.27%
-101.53%
33.43%
58.19%
43.97%
28.91%
17.91%
ROA
0.78%
1.94%
0.66%
15.39%
16.79%
15.19%
16.05%
10.09%
26.21%
5.24%
3.42%
5.55%
6.11%
7.74%
ROE
1.74%
4.34%
1.56%
31.16%
34.86%
28.88%
29.98%
16.95%
39.03%
8.88%
6.19%
10.23%
10.89%
13.99%
ROIC
2.25%
5.29%
2.51%
58.07%
85.55%
87.04%
84.67%
49.38%
160.96%
27.29%
8.21%
13.24%
14.06%
18.93%
Asset Turnover
0.75
0.75
0.63
0.73
0.62
0.63
0.60
0.55
0.50
0.42
0.51
0.55
0.41
0.42
Inventory Turnover
27.08
33.05
24.05
39.69
41.03
Equity Multiplier
2.23
2.24
2.36
2.02
2.08
1.90
1.87
1.68
1.49
1.69
1.81
1.85
1.78
1.81
Current Ratio
1.23
1.21
1.31
1.35
1.80
2.15
2.41
2.82
2.45
2.43
1.18
1.21
1.23
1.33
Quick Ratio
1.04
1.04
1.13
1.23
1.68
2.03
2.29
2.68
2.33
2.32
0.96
0.95
0.98
1.10
Debt/Equity Ratio
0.22
0.25
0.24
0.20
0.34
0.24
0.22
0.19
0.13
0.24
0.25
0.26
0.25
0.25
Interest Coverage Ratio
17.50
24.20
5.50
158.00
224.50
28.47
34.14
23.71
34.40
26.15
20.16
23.79
41.32
45.86
Working Capital/Sales
-0.18
-0.17
-0.25
-0.14
-0.19
-0.17
-0.15
-0.12
-0.10
-0.20
-0.16
-0.12
-0.15
-0.15
R&D/Sales
0.29
0.30
0.31
0.24
0.25
0.25
0.26
0.29
0.28
0.32
0.31
0.31
0.30
0.31
Dividend Payout Ratio %
-14.07%
40.88%
28.14%
19.21%
14.61%
Total Payout
$-737.00
318.00
-71.00
283.00
396.00
642.00
565.00
1173.00
1187.00
-15.00
1472.00
1481.00
1109.00
1114.00
0.45%Payout Ratio %
-1722.86%
323.28%
-188.26%
29.92%
33.45%
54.76%
41.01%
129.80%
40.76%
-2.15%
311.82%
198.43%
134.83%
105.69%