Electronic Arts Inc. (EA) Financial Statements (2024 and earlier)

Company Profile

Business Address 209 REDWOOD SHORES PARKWAY
REDWOOD CITY, CA 94065
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,2022,7325,2603,7684,708
Cash and cash equivalents 2,2022,7325,2603,7684,708
Receivables684836650521461623
Other current assets518453439326321313
Other undisclosed current assets2,7673513301,1061,967737
Total current assets:3,9693,8424,1517,2136,5176,381
Noncurrent Assets
Property, plant and equipment549553550491449448
Intangible assets, net (including goodwill)5,9986,1156,3493,1771,9381,979
Goodwill5,3805,3805,3872,8681,8851,892
Intangible assets, net (excluding goodwill)6187359623095387
Deferred costs      11
Deferred income tax assets2,4622,4432,2432,0451,903
Other noncurrent assets481517507362305114
Other undisclosed noncurrent assets      24
Total noncurrent assets:9,4909,6289,6496,0754,5952,576
TOTAL ASSETS:13,45913,47013,80013,28811,1128,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3841,3051,9891,4371,1201,165
Employee-related liabilities500   
Accounts payable99621019668113
Accrued liabilities1,2851,2431,3881,3411,0521,052
Deferred revenue1,9011,8082,0241,527945
Debt     599 
Other undisclosed current liabilities   (500)  1,100
Total current liabilities:3,2853,1133,5132,9642,6642,265
Noncurrent Liabilities
Long-term debt and lease obligation1,8801,8791,8781,876397994
Long-term debt, excluding current maturities1,8801,8791,8781,876397994
Liabilities, other than long-term debt394402398293217355
Deferred compensation liability, classified      12
Deferred tax liabilities, net2
Deferred income tax liabilities111431
Liability for uncertainty in income taxes      209
Other liabilities393401397250216132
Other undisclosed noncurrent liabilities60752538631537312
Total noncurrent liabilities:2,8812,8062,6622,4849871,361
Total liabilities:6,1665,9196,1755,4483,6513,626
Equity
Equity, attributable to parent7,2937,5517,6257,8407,4615,331
Common stock333333
Accumulated other comprehensive income (loss)(67)(37)15(50)(50)(30)
Retained earnings7,3577,5857,6077,8877,5085,358
Total equity:7,2937,5517,6257,8407,4615,331
TOTAL LIABILITIES AND EQUITY:13,45913,47013,80013,28811,1128,957

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues7,4268,2606,9915,6295,5374,950
Cost of revenue(1,792)(2,028)(1,859)(1,494)(1,369)(1,322)
Gross profit:5,6346,2325,1324,1354,1683,628
Operating expenses(4,302)(4,817)(4,003)(3,089)(2,723)(2,632)
Operating income:1,3321,4151,1291,0461,445996
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(6)(41)(48)(29)6383
Interest and debt expense(58)(68)(58)(45)(44)(45)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (33) 454445
Income from continuing operations before equity method investments, income taxes:1,2681,2731,0231,0171,5081,079
Other undisclosed income from continuing operations before income taxes5810158   
Income from continuing operations before income taxes:1,3261,3741,0811,0171,5081,079
Income tax expense (benefit)(524)(532)(292)(180)1,531(60)
Income from continuing operations:8028427898373,0391,019
Income before gain (loss) on sale of properties:6387898373,0391,019
Net income available to common stockholders, diluted:8028427898373,0391,019

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:8028427898373,0391,019
Other comprehensive income (loss)(82)5765 (20)74
Comprehensive income, net of tax, attributable to parent:7208998548373,0191,093

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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