Summary
This 10-K filing for Electronic Arts Inc. (EA), filed on October 3, 2014, covers the fiscal year ending March 30, 2014. While the provided text primarily lists exhibits and incorporated documents, it indicates a company focused on its core operations, including executive compensation, equity plans, and significant licensing agreements with console manufacturers like Sony and Microsoft. Investors should note the inclusion of various employee and executive agreements, demonstrating the company's structure for talent management and retention. The presence of numerous licensing agreements for PlayStation and Xbox platforms underscores EA's reliance on key distribution channels and its ongoing relationships with major hardware providers. The amendment of leases and the filing of credit agreements suggest active management of its operational infrastructure and financial resources.
Financial Highlights
51 data points| Revenue | $3.58B |
| Cost of Revenue | $1.35B |
| Gross Profit | $2.23B |
| Operating Expenses | $2.19B |
| Operating Income | $33.00M |
| Interest Expense | $30.00M |
| Net Income | $8.00M |
| EPS (Basic) | $0.03 |
| EPS (Diluted) | $0.03 |
| Shares Outstanding (Basic) | 308.00M |
| Shares Outstanding (Diluted) | 316.00M |
Key Highlights
- 1The filing details various executive compensation and bonus plans, including the Electronic Arts Bonus Plan and performance-based restricted stock unit agreements, indicating a focus on incentivizing key personnel.
- 2Several exhibits related to equity incentive plans and employee stock purchase plans are listed, suggesting a strategy to engage employees through ownership.
- 3Significant licensing agreements with Sony (PlayStation 3) and Microsoft (Xbox) are referenced, highlighting the importance of these partnerships for EA's game distribution and platform access.
- 4Amendments to lease agreements, particularly for Electronic Arts - Tiburon, indicate ongoing management of physical infrastructure and operational facilities.
- 5The filing includes information on credit agreements and convertible senior notes, pointing to the company's capital structure and financing strategies.
- 6The offer letters and employment agreements for key executives like Andrew Wilson and Blake Jorgensen, along with separation agreements (e.g., for John Riccitiello), provide insight into leadership transitions and executive management.
- 7The presence of an amended and restated certificate of incorporation and bylaws suggests a foundational corporate governance structure.