How Much Did Ea Make In 2020

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Electronic Arts Reports Q4 and Full Yr FY20 Financial Results

May 5, 2020

REDWOOD Metropolis, Calif.--(Concern WIRE)-- Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its fiscal quaternary quarter and full year ended March 31, 2020.

News and ongoing updates regarding EA and its games are available on EA's blog at www.ea.com/news.

"We're humbled to see people around the world connecting through our games during this unprecedented catamenia," said CEO Andrew Wilson. "Our focus continues to be on everything we can exercise for our people, our players, and our communities. Thanks to the amazing dedication and determination of our teams at Electronic Arts, nosotros're able to deliver the games, experiences and content choices that our players are looking for during this challenging time."

"We've had a strong year. Our results this quarter prove the value of the live services path we've been on now for a decade. The breadth and depth of our alive services give the flexibility we need at times like this to encounter actor needs," said COO and CFO Blake Jorgensen. "I desire to give thanks everyone at EA for rising to the challenge. People across the visitor take shown boggling innovation, energy and ingenuity. Learnings from this period volition forever change the way we work at EA."

Selected Operating Highlights and Metrics

Digital net bookings* for the fiscal twelvemonth was $4.052 billion, up nine% twelvemonth-over-year and now represents 78% of total cyberspace bookings.
FIFA 20 has more 25 million unique players to engagement.
Madden NFL 20 reached the highest engagement levels in franchise history.
Apex Legends^TM was the most downloaded gratuitous-to-play game on PS4 in calendar 2019.
Star Wars Jedi: Fallen Order^TM has more than 10 million unique players to date.
In every quarter of fiscal 2020, monthly average players in The Sims 4^TM were college than the comparable period in the prior year.

* Net bookings is defined as the net corporeality of products and services sold digitally or sold-in physically in the period. Internet bookings is calculated by adding total net acquirement to the change in deferred net revenue for online-enabled games and mobile platform fees.

Selected Financial Highlights and Metrics

All financial measures are presented on a GAAP basis.

Net cash from operating activities was $498 meg for the quarter and $1.797 billion for the fiscal yr.
EA repurchased 2.7 million shares for $291 million during the quarter, bringing the full for the last twelve months to 12.three meg shares for $1.207 billion.

Quarterly Financial Highlights

	Three Months Ended
	March 31,
	2020	2019
(in $ millions, except per share amounts)
Digital net revenue	1,219	1,065
Packaged goods and other net acquirement	168	173
Total net revenue	1,387	i,238

Net income	418	209
Diluted earnings per share	1.43	0.69

Operating cash flow	498	599

Value of shares repurchased	291	301
Number of shares repurchased	2.7	3.2

The following GAAP-based fiscal data and tax rate of eighteen% was used internally by company management to conform its GAAP results in order to appraise EA'southward operating results:



	3 Months Concluded March 31, 2020
		GAAP-Based Financial Data
(in $ millions)	Argument of Operations	Conquering- related expenses		Change in deferred internet revenue (online-enabled games)		Mobile platform fees		Stock-based compensation
Total internet revenue	1,387	-		(131	)	(43	)	-
Cost of revenue	269	(three	)	-		(43	)	(1	)
Gross turn a profit	1,118	three		(131	)	-		i
Total operating expenses	717	(six	)	-		-		(90	)
Operating income	401	9		(131	)	-		91
Interest and other income, net	13	-		-		-		-
Income before provision for income taxes	414	9		(131	)	-		91
Number of shares used in computation:
Diluted	292

For more information nigh the nature of the GAAP-based financial data, please refer to EA's Form 10-Q for the fiscal quarter ended December 31, 2019.

Fiscal Year Financial Highlights

	Twelve Months Concluded
	March 31,
	2020	2019
(in $ millions, except per share amounts)
Digital cyberspace revenue	4,314	iii,710
Packaged goods and other net acquirement	one,223	1,240
Total net acquirement	5,537	4,950

Net income	three,039*	one,019
Diluted earnings per share	10.30*	iii.33

Operating cash flow	1,797	1,547

Value of shares repurchased	ane,207	one,192
Number of shares repurchased	12.iii	11.0

*Includes the bear on of one-time taxation benefits recognized during the fiscal year.

The following GAAP-based financial data and tax charge per unit of xviii% was used internally by company direction to adjust its GAAP results in social club to assess EA'south operating results:

	Twelve Months Ended March 31, 2020
		GAAP-Based Financial Data
(in $ millions)	Argument of Operations	Conquering- related expenses		Change in deferred net revenue (online-enabled games)		Mobile platform fees		Stock-based compensation
Total net acquirement	5,537	-		(165	)	(161	)	-
Cost of revenue	i,369	(12	)	-		(161	)	(4	)
Gross turn a profit	4,168	12		(165	)	-		4
Total operating expenses	ii,723	(27	)	-		-		(343	)
Operating income	1,445	39		(165	)	-		347
Involvement and other income, net	63	-		-		-		-
Income before provision for income taxes	1,508	39		(165	)	-		347
Number of shares used in computation:
Diluted	295

For more information nearly the nature of the GAAP-based fiscal data, delight refer to EA'south Form 10-Q for the fiscal quarter ended December 31, 2019.

Operating Metric

The following is a calculation of our total internet bookings for the periods presented:

	Three Months Ended		Twelve Months Ended
	March 31,		March 31,
	2020	2019	2020	2019
(in $ millions)
Total internet revenue	1,387	1,238	5,537	iv,950
Alter in deferred net revenue (online-enabled games)	(131)	173	(165)	182
Mobile platform fees	(43)	(47)	(161)	(188)
Net bookings	1,213	ane,364	5,211	4,944

Impact of COVID-nineteen on our Business concern Operations and Outlook

We have focused on deportment to support our people, our players, and our communities around the world affected by the COVID-19 pandemic. Substantially all of our global workforce has shifted to work from dwelling house, and our primary focus continues to exist the condom and well-beingness of our employees. Our It, security and digital platform teams mobilized to add capacity to our remote working systems to scale to a fully distributed workforce.

Throughout this fourth dimension, our studio teams have continued to deliver live service content while working from dwelling. We launched our "Stay Dwelling, Play Together" initiative to bring our players together when physical distancing is keeping us apart, and we've delivered dozens of Stay & Play programs to date, from special community livestreams and giveaways, to athletes and celebrities playing our games with fans. Our esports teams have conducted major online tournaments, and nosotros've executed or plan to execute in the coming months more than than 100 glory, athlete, community and charity online esports events.

With more than people staying at home, we have experienced, and are continuing to feel, heightened levels of date and alive services internet bookings growth to engagement. The full extent of the impact of the COVID-19 pandemic to our business, operations and financial results will depend on numerous evolving factors that we are not able to predict. The primal risks to EA's business organization are set forth under the heading "Forwards-Looking Statements" in this release.

Business organization Outlook as of May 5, 2020

The following forward-looking statements reflect expectations equally of May 5, 2020. Electronic Arts assumes no obligation to update these statements. Results may exist materially different and are affected by many factors detailed in this release and in EA'southward annual and quarterly SEC filings.

Fiscal Year 2021 Expectations – Ending March 31, 2021

Start in financial year 2021, we will make two changes to the way we report internet bookings.

First, we will report mobile bookings gross of platform fees, instead of internet, to align with industry practice. This volition result in a gross up in cyberspace bookings simply no modify to underlying profit.
Second, nosotros will update the presentation of net bookings by composition to focus on full game and live services sales & other, in line with the management we keep to drive the concern.

Our fiscal year 2021 guidance reflects both of these changes. Where relevant, financial information for fiscal 2020 is recast for comparability. Please refer to our FY21 Financial Reporting Update on our IR website for additional data.

Financial metrics:

Internet acquirement is expected to be approximately $5.525 billion.
- Change in deferred net revenue (online-enabled games) is expected to exist approximately $25 million.
Net income is expected to be approximately $978 million.
Diluted earnings per share is expected to exist approximately $3.35.
Operating cash menstruum is expected to be approximately $1.575 billion.
The Company estimates a share count of 292 one thousand thousand for purposes of calculating fiscal twelvemonth 2021 diluted earnings per share.

Operational metric:

Net bookings is expected to be approximately $5.550 billion. For comparing purposes, if financial 2020 were to exist recast in the aforementioned way, nosotros would take reported net bookings of $5.375 billion.

	Twelve Months Ended	Twelve Months Ending
	March 31, 2020	March 31, 2021
	Actuals	Outlook
(in $ millions)
Full game	1,783	1,700
Live services & other	three,592	3,850
Total internet bookings recast	five,375	5,550
Platform fee*	(164)	(190)
Total net bookings as currently reported	five,211	v,360

*Fee charged by third-party providers on various platforms, including mobile.

In addition, the post-obit outlook for GAAP-based financial data and a long-term tax rate of 18% are used internally past EA to adjust our GAAP expectations to appraise EA'southward operating results and program for future periods:

	Twelve Months Ending March 31, 2021
		GAAP-Based Financial Data
	GAAP Guidance	Conquering- related expenses		Change in deferred net revenue (online-enabled games)	Stock-based compensation
(in $ millions)
Total internet revenue	5,525	-		25	-
Cost of revenue	1,382	-		-	-
Operating expense	two,850	(20	)	-	(430	)
Income earlier provision for income taxes	1,270	20		25	430
Net income	978
Number of shares used in ciphering:
Diluted shares	292

Offset Quarter Fiscal Year 2021 Expectations – Ending June 30, 2020

Fiscal metrics:

Net revenue is expected to be approximately $i.220 billion.
- Change in deferred internet revenue (online-enabled games) is expected to exist approximately $(220) million.
Net income is expected to exist approximately $270 one thousand thousand.
Diluted earnings per share is expected to be approximately $0.93.
The Company estimates a share count of 291 million for purposes of calculating first quarter financial year 2021 diluted earnings per share.

Operational metric:

Net bookings is expected to be approximately $1.000 billion. For comparing purposes, if the first fiscal quarter of 2020 were to be recast in the same style, we would have reported net bookings of $782 million.

In addition, the following outlook for GAAP-based financial data and a long-term tax rate of 18% are used internally by EA to adjust our GAAP expectations to appraise EA'southward operating results and plan for futurity periods:


	Three Months Ending June 30, 2020
		GAAP-Based Financial Data
	GAAP Guidance	Acquisition- related expenses		Modify in deferred net acquirement (online-enabled games)		Stock-based compensation
(in $ millions)
Total cyberspace revenue	i,220	-		(220	)	-
Price of acquirement	210	-		-		-
Operating expense	635	(5	)	-		(ninety	)
Income before provision for income taxes	374	5		(220	)	90
Cyberspace income	270
Number of shares used in computation:
Diluted shares	291

For more information about the nature of the GAAP-based financial information, please refer to EA's Class 10-Q for the fiscal quarter ended December 31, 2019.

Conference Call and Supporting Documents

Electronic Arts will host a conference telephone call on Tuesday, May 5, 2020 at 2:00 pm PT (5:00 pm ET) to review its results for the fiscal fourth quarter and year ended March 31, 2020 and its outlook for the future. During the course of the call, Electronic Arts may disclose material developments affecting its business and/or fiscal performance. Listeners may access the briefing phone call alive through the following dial-in number (866) 393-4306 (domestic) or (734) 385-2616 (international), using the Conference ID 3759016 or via webcast at EA's IR Website at http://ir.ea.com.

EA has posted a slide presentation and a financial model of EA'due south historical results and guidance. After the conference call, EA will too post the prepared remarks and the transcript from the conference call on EA'due south IR Website.

A punch-in replay of the conference call will be available until May 19, 2020 at (855) 859-2056 (domestic) or (404) 537-3406 (international) using pin lawmaking 3759016. An audio webcast replay of the conference call will exist bachelor for i year on EA'southward IR Website.

Forward-Looking Statements

Some statements set forth in this release, including the information relating to EA's fiscal 2021 expectations under the heading "Business Outlook as of May five, 2020," and other information regarding EA's fiscal 2021 expectations contain forward-looking statements that are subject field to modify. Statements including words such every bit "anticipate," "believe," "expect," "intend," "estimate," "plan," "predict," "seek," "goal," "will," "may," "probable," "should," "could" (and the negative of any of these terms), "future" and similar expressions also identify forward-looking statements. These forward-looking statements are not guarantees of time to come performance and reflect direction's electric current expectations. Our bodily results could differ materially from those discussed in the frontward-looking statements.

Some of the factors which could cause the Company's results to differ materially from its expectations include the following:

The Affect of the COVID-nineteen Pandemic : Connected disruptions, postponements or cancellations of sports seasons and sporting events around which the Visitor seeks to launch games and provide live services; worsening economic conditions that negatively affect discretionary consumer spending and consumer demand; the closure of several of the Company'south central locations, including its global headquarters in Redwood Metropolis, California and fundamental studios across North America, Europe and Asia which could affect (1) the Company's power to see product and live service evolution schedules, (2) the effectiveness of the Company's quality controls and game testing measures, and (3) the Company'south ability to conduct normal concern operations; the inability of third-party developers with whom the Company has partnerships to meet product development schedules; sustained closures of the concrete stores of central retail partners and deterioration in the fiscal condition of such retail partners; delays in the release date and the decreased unit volume of next-generation consoles from the Visitor's platform partners; volatility in strange currency exchange rates; and other risks related to the COVID-xix pandemic that may be unforeseen every bit of the date of this release.

Full general Business Risks : Sales of the Company's products and services; the Visitor's ability to develop and support digital products and services, including managing online security and privacy; outages of our products, services and technological infrastructure; the Company'south ability to manage expenses; the competition in the interactive entertainment manufacture; governmental regulations; the effectiveness of the Company's sales and marketing programs; the Company's ability to realize the anticipated benefits of acquisitions; the Company'south power to predict consumer preferences among competing platforms; the Company's ability to develop and implement new engineering; changes in our tax rates or revenue enhancement laws timely development and release of the Visitor'due south products and services; and the consumer demand for, and the availability of an adequate supply of console hardware units.

In addition, other factors which could crusade the Visitor's results to differ materially from its expectations are described in Function II, Item 1A of Electronic Arts' latest Quarterly Written report on Course ten-Q under the heading "Take chances Factors" equally well as in other documents we have filed with the Securities and Exchange Commission, including our Almanac Written report on Form x-Thou for the fiscal yr concluded March 31, 2019.

These frontward-looking statements are current as of May v, 2020. Electronic Arts assumes no obligation to revise or update whatsoever frontward-looking statement for any reason, except equally required past law. In add-on, the preliminary financial results set along in this release are estimates based on information currently available to Electronic Arts.

While Electronic Arts believes these estimates are meaningful, they could differ from the actual amounts that Electronic Arts ultimately reports in its Annual Written report on Class 10-K for the fiscal year ended March 31, 2020. Electronic Arts assumes no obligation and does not intend to update these estimates prior to filing its Form 10-K for the fiscal year ended March 31, 2020.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2020, EA posted GAAP net acquirement of $v.5 billion. Headquartered in Redwood Urban center, California, EA is recognized for a portfolio of critically acclaimed, loftier-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™. More than information nigh EA is available at www.ea.com/news.

EA SPORTS, Battleground, The Sims, Need for Speed, Apex Legends and Plants vs. Zombies are trademarks of Electronic Arts Inc. STAR WARS © & TM 2019 Lucasfilm Ltd. All rights reserved. John Madden, NFL and FIFA are the property of their corresponding owners and used with permission.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(in $ millions, except per share data)

	Three Months Ended March 31,			Twelve Months Ended March 31,
	2020		2019	2020		2019
Net revenue	i,387		1,238	5,537		four,950
Cost of revenue	269		276	1,369		one,322
Gross turn a profit	1,118		962	iv,168		3,628
Operating expenses:
Research and development	402		398	ane,559		1,433
Marketing and sales	167		229	631		702
Full general and authoritative	142		123	506		460
Conquering-related contingent consideration	—		11	5		fourteen
Amortization of intangibles	6		5	22		23
Full operating expenses	717		766	ii,723		2,632
Operating income	401		196	1,445		996
Interest and other income (expense), net	13		23	63		83
Income before provision for (benefit from) income taxes	414		219	1,508		1,079
Provision for (benefit from) income taxes	(4	)	10	(ane,531	)	60
Cyberspace income	418		209	iii,039		1,019
Earnings per share
Basic	i.44		0.70	10.37		3.36
Diluted	1.43		0.69	10.xxx		iii.33
Number of shares used in ciphering
Basic	290		299	293		303
Diluted	292		301	295		306

Results (in $ millions, except per share data)

The following table reports the variance of the actuals versus our guidance provided on January 30, 2020 for the three months ended March 31, 2020 plus a comparison to the actuals for the three months concluded March 31, 2019.


	Three Months Ended March 31,
	2020				2020		2019
	Guidance		Variance		Actuals		Actuals
Net acquirement
Internet revenue	1,325		62		1,387		ane,238
GAAP-based fiscal data
Change in deferred internet revenue (online-enabled games)¹	(131	)	—		(131	)	173
Mobile platform feesⁱⁱ	(42	)	(ane	)	(43	)	(47	)
Cost of revenue
Cost of revenue	257		12		269		276
GAAP-based financial information
Acquisition-related expenses	(three	)	—		(3	)	(ane	)
Stock-based compensation	—		(1	)	(1	)	(1	)
Mobile platform feesⁱⁱ	(42	)	(one	)	(43	)	(47	)
Operating expenses
Operating expenses	724		(seven	)	717		766
GAAP-based financial information
Acquisition-related expenses	(seven	)	1		(half dozen	)	(16	)
Stock-based compensation	(94	)	4		(ninety	)	(72	)
Income before tax
Income before tax	359		55		414		219
GAAP-based fiscal data
Conquering-related expenses	10		(ane	)	9		17
Change in deferred net revenue (online-enabled games)^one	(131	)	—		(131	)	173
Mobile platform fees^two	—		—		—		—
Stock-based compensation	94		(3	)	91		73
Tax rate used for management reporting	xviii	%			xviii	%	18	%
Earnings per share
Bones	1.06		0.38		i.44		0.70
Diluted	ane.05		0.38		1.43		0.69
Number of shares
Bones	291		(1	)	290		299
Diluted	293		(one	)	292		301

^oneThe change in deferred cyberspace acquirement (online-enabled games) in the unaudited condensed consolidated statements of cash flows does non necessarily equal the alter in deferred cyberspace revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the bear on of unrecognized gains/losses on greenbacks menses hedges.

²Mobile Platform Fees differ from Platform Fees due to fees on platforms other than mobile.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(in $ millions)

	March 31, 2020		March 31, 2019³
Assets
Current assets:
Cash and greenbacks equivalents	3,768		4,708
Short-term investments	1,967		737
Receivables, net	461		623
Other current assets	321		313
Total current avails	6,517		vi,381
Holding and equipment, internet	449		448
Goodwill	1,885		1,892
Acquisition-related intangibles, net	53		87
Deferred income taxes, cyberspace	1,903		35
Other assets	305		114
TOTAL ASSETS	11,112		8,957
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	68		113
Accrued and other current liabilities	i,052		1,052
Deferred net revenue (online-enabled games)	945		1,100
Senior notes, electric current, internet	599		—
Total current liabilities	2,664		2,265
Senior notes, internet	397		994
Income tax obligations	373		233
Deferred income taxes, net	1		2
Other liabilities	216		132
Full liabilities	three,651		3,626

Stockholders' equity:
Common stock	three		iii
Retained earnings	7,508		5,358
Accumulated other comprehensive loss	(50	)	(xxx	)
Total stockholders' equity	7,461		v,331
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	eleven,112		viii,957

³Derived from audited consolidated financial statements.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Cash Flows
(in $ millions)

	3 Months Ended March 31,				Twelve Months Ended March 31,
	2020		2019		2020		2019³
OPERATING ACTIVITIES
Net income	418		209		3,039		1,019
Adjustments to reconcile internet income to net cash provided by operating activities:
Depreciation, acquittal and accretion	39		37		150		145
Acquisition-related contingent consideration	v		14		5		14
Stock-based compensation	91		73		347		284
Change in assets and liabilities
Receivables, internet	340		183		164		(88	)
Other assets	(41	)	(65	)	35		(24	)
Accounts payable	(3	)	24		(36	)	59
Accrued and other liabilities	(145	)	(120	)	119		3
Deferred income taxes, net	(78	)	73		(1,871	)	(16	)
Deferred cyberspace revenue (online-enabled games)	(128	)	171		(155	)	151
Net cash provided by operating activities	498		599		1,797		1,547
INVESTING ACTIVITIES
Capital expenditures	(40	)	(35	)	(140	)	(119	)
Proceeds from maturities and sales of short-term investments	767		733		2,142		i,688
Purchase of brusk-term investments	(738	)	(198	)	(3,359	)	(ane,342	)
Acquisitions, net of cash acquired	—		—		—		(58	)
Net cash provided by (used in) investing activities	(eleven	)	500		(i,357	)	169
FINANCING ACTIVITIES
Proceeds from issuance of common stock	28		25		62		61
Greenbacks paid to taxing regime for shares withheld from employees	(5	)	(6	)	(91	)	(122	)
Repurchase and retirement of common stock	(291	)	(301	)	(1,207	)	(1,192	)
Payment of contingent consideration	(32	)	—		(122	)	—
Cyberspace cash used in financing activities	(300	)	(282	)	(one,358	)	(1,253	)
Issue of foreign substitution on cash and cash equivalents	(22	)	4		(22	)	(thirteen	)
Change in greenbacks and greenbacks equivalents	165		821		(940	)	450
Showtime cash and cash equivalents	3,603		3,887		4,708		iv,258
Ending cash and cash equivalents	iii,768		4,708		iii,768		4,708

³Derived from audited consolidated fiscal statements.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in $ millions, except per share data)

	Q4		Q1		Q2		Q3		Q4		YOY %
	FY19		FY20		FY20		FY20		FY20		Change
Net revenue
Net revenue	1,238		1,209		ane,348		1,593		1,387		12	%
GAAP-based financial data
Modify in deferred net revenue (online-enabled games)¹	173		(427	)	(35	)	428		(131	)
Mobile platform fees²	(47	)	(39	)	(36	)	(43	)	(43	)
Gross profit
Gross profit	962		1,022		943		1,085		1,118		*sixteen*	%
Gross turn a profit (every bit a % of net revenue)	78	%	85	%	70	%	68	%	81	%
GAAP-based financial information
Conquering-related expenses	i		2		2		5		three
Change in deferred net revenue (online-enabled games)¹	173		(427	)	(35	)	428		(131	)
Mobile platform fees²	—		—		—		—		—
Stock-based bounty	one		i		1		1		i
Operating income
Operating income	196		415		268		361		401		*105*	%
Operating income (as a % of net revenue)	xvi	%	34	%	20	%	23	%	29	%
GAAP-based financial information
Acquisition-related expenses	17		8		10		12		9
Modify in deferred net acquirement (online-enabled games)ⁱ	173		(427	)	(35	)	428		(131	)
Stock-based compensation	73		73		92		91		91
Cyberspace income
Cyberspace income	209		1,421		854		346		418		*100*	%
Net income (as a % of net revenue)	17	%	118	%	63	%	22	%	30	%
GAAP-based financial data
Acquisition-related expenses	17		8		ten		12		9
Change in deferred net revenue (online-enabled games)¹	173		(427	)	(35	)	428		(131	)
Stock-based compensation	73		73		92		91		91
Tax charge per unit used for management reporting	18	%	18	%	18	%	xviii	%	18	%
Diluted earnings per share	0.69		4.75		2.89		one.eighteen		i.43		*107*	%
Number of diluted shares used in computation
Basic	299		297		295		292		290
Diluted	301		299		296		294		292

¹The alter in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of cash flows does not necessarily equal the change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the affect of unrecognized gains/losses on cash menstruation hedges.

²Mobile Platform Fees differ from Platform Fees due to fees on platforms other than mobile.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Fiscal Data and Business organization Metrics
(in $ millions)

	Q4		Q1		Q2		Q3		Q4		YOY %
	FY19		FY20		FY20		FY20		FY20		Change
QUARTERLY NET Revenue PRESENTATIONS
Net revenue by limerick
Full game downloads	169		132		180		286		211		25	%
Alive services	714		731		573		677		832		17	%
Mobile^iv	182		186		169		161		176		(3	%)
Total digital	ane,065		i,049		922		i,124		one,219		14	%
Packaged goods and other	173		160		426		469		168		(iii	%)
Total net acquirement	one,238		i,209		one,348		1,593		1,387		12	%
Total digital	86	%	87	%	68	%	71	%	88	%
Packaged goods and other	xiv	%	thirteen	%	32	%	29	%	12	%
*Total net revenue %*	*100*	%	*100*	%	*100*	%	*100*	%	*100*	%
GAAP-based financial data
Total game downloads	44		(57	)	(five	)	31		(21	)
Live services	131		(227	)	(fourscore	)	316		(43	)
Mobile⁴	—		(25	)	(11	)	16		5
Total digital	175		(309	)	(96	)	363		(59	)
Packaged goods and other	(2	)	(118	)	61		65		(72	)
Total modify in deferred cyberspace acquirement (online-enabled games) by compositionⁱ	173		(427	)	(35	)	428		(131	)
Mobile platform fees²	(47	)	(39	)	(36	)	(43	)	(43	)

Net revenue by platform
Console	826		760		923		1,163		928		12	%
PC/Browser	217		249		242		257		269		24	%
Mobile	190		196		177		169		185		(3	%)
Other	5		4		vi		4		5		—
Total cyberspace revenue	1,238		ane,209		1,348		one,593		1,387		12	%
GAAP-based financial data
Console	87		(344	)	eight		388		(143	)
PC/Browser	88		(59	)	(31	)	24		7
Mobile	(ii	)	(25	)	(xi	)	sixteen		5
Other	—		i		(i	)	—		—
Total change in deferred cyberspace acquirement (online-enabled games) by platform^one	173		(427	)	(35	)	428		(131	)
Mobile platform fees²	(47	)	(39	)	(36	)	(43	)	(43	)

^aneThe change in deferred internet revenue (online-enabled games) in the unaudited condensed consolidated statements of cash flows does non necessarily equal the change in deferred cyberspace revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the impact of unrecognized gains/losses on greenbacks menses hedges.

ⁱⁱMobile Platform Fees differ from Platform Fees due to fees on platforms other than mobile.

⁴Mobile Digital: excludes non-Digital mobile items such every bit licensing

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in $ millions)

	Q4	Q1	Q2	Q3	Q4	YOY %
	FY19	FY20	FY20	FY20	FY20	Change
Greenbacks FLOW Data
Operating greenbacks flow	599	158	37	1,104	498	(17	%)
Operating cash flow - TTM	1,547	ane,585	i,748	1,898	1,797	xvi	%
Capital letter expenditures	35	45	27	28	40	14	%
Capital expenditures - TTM	119	132	128	135	140	18	%
Repurchase and retirement of common stock	301	305	306	305	291	(three	%)
DEPRECIATION
Depreciation expense	31	30	30	29	31	—
Residue SHEET Data
Cash and cash equivalents	4,708	three,533	2,940	iii,603	3,768
Short-term investments	737	one,654	1,943	1,999	1,967
Cash and cash equivalents, and short-term investments	5,445	five,187	four,883	5,602	5,735	five	%
Receivables, cyberspace	623	329	856	798	461	(26	%)
STOCK-BASED Bounty
Cost of revenue	1	1	1	i	1
Research and development	49	49	61	60	59
Marketing and sales	ix	vii	10	10	ten
General and authoritative	14	sixteen	20	twenty	21
Total stock-based compensation	73	73	92	91	91