Electronic Arts Inc. (EA) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6705,2603,7684,7085,3314,5323,834
Cash and cash equivalents2,6705,2603,7684,7084,2582,5652,493
Short-term investments    1,0731,9671,341
Receivables965521461623385359233
Inventory, net of allowances, customer advances and progress billings      33
Inventory      33
Other current assets377326321313288308254
Other undisclosed current assets3461,1061,967737   
Total current assets:4,3587,2136,5176,3816,0045,1994,354
Noncurrent Assets
Property, plant and equipment522491449448453434439
Intangible assets, net (including goodwill)6,4413,1771,9381,9791,9541,7151,767
Goodwill5,3892,8681,8851,8921,8831,7071,710
Intangible assets, net (excluding goodwill)1,052309538771857
Deferred costs   111088
Deferred income tax assets2,1302,0451,903
Other noncurrent assets4793623051148984103
Other undisclosed noncurrent assets   2474278379
Total noncurrent assets:9,5726,0754,5952,5762,5802,5192,696
TOTAL ASSETS:13,93013,28811,1128,9578,5847,7187,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5291,4371,1201,165869876799
Accounts payable869668113488789
Accrued liabilities1,4431,3411,0521,052821789710
Deferred revenue2,1011,527945
Debt  599   161
Deferred revenue and credits1,6221,5391,458
Other undisclosed current liabilities   1,100   
Total current liabilities:3,6302,9642,6642,2652,4912,4152,418
Noncurrent Liabilities
Long-term debt and lease obligation1,8781,876397994992990989
Long-term debt, excluding current maturities1,8781,876397994992990989
Liabilities, other than long-term debt788293217355472253245
Deferred compensation liability, classified   1211  
Deferred tax liabilities, net2112
Deferred income tax liabilities75431
Liability for uncertainty in income taxes309  20920510480
Other liabilities404250216132255148163
Other undisclosed noncurrent liabilities173153731234  
Total noncurrent liabilities:2,6832,4849871,3611,4981,2431,234
Total liabilities:6,3135,4483,6513,6263,9893,6583,652
Temporary equity, carrying amount      2
Stockholders' equity
Stockholders' equity attributable to parent7,6177,8407,4615,3314,5954,0603,396
Common stock3333333
Additional paid in capital    6571,0491,349
Accumulated other comprehensive income (loss)6(50)(50)(30)(127)(19)(16)
Retained earnings7,6087,8877,5085,3584,0623,0272,060
Total stockholders' equity:7,6177,8407,4615,3314,5954,0603,396
TOTAL LIABILITIES AND EQUITY:13,93013,28811,1128,9578,5847,7187,050

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues6,6455,6295,5374,9505,1504,8454,396
Revenue, net5,1504,8454,396
Cost of revenue(1,834)(1,494)(1,369)(1,322)(1,277)(1,298)(1,354)
Cost of goods and services sold    (1,277)(1,298)(1,354)
Gross profit:4,8114,1354,1683,6283,8733,5473,042
Operating expenses(4,045)(3,089)(2,723)(2,632)(2,439)(2,323)(2,144)
Operating income:7661,0461,4459961,4341,224898
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(118)(29)638315(14)(21)
Interest and debt expense(56)(45)(44)(45)(44)(47)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes42454445444710
Income from continuing operations before equity method investments, income taxes:6341,0171,5081,0791,4491,210877
Other undisclosed income from continuing operations before income taxes14      
Income from continuing operations before income taxes:6481,0171,5081,0791,4491,210877
Income tax expense (benefit)(1,868)(180)1,531(60)(406)(243)279
Net income (loss) available to common stockholders, diluted:(1,220)8373,0391,0191,0439671,156

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(1,220)8373,0391,0191,0439671,156
Other comprehensive income (loss)56 (20)74(108)(3)(18)
Other undisclosed comprehensive income3      
Comprehensive income (loss), net of tax, attributable to parent:(1,161)8373,0191,0939359641,138

Statements sources

The financial statements are based on the company's filings with the 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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