Common stock, par value

Table of ContentsPART I – FINANCIAL INFORMATION  
Item 1.Condensed Consolidated Financial Statements (Unaudited)  
ELECTRONIC ARTS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (Unaudited)(In millions, except par value data) | June 30, 2022 |  | March 31, 2022 (a) |
| ASSETS |  |  |  |
| Current assets: |  |  |  |
| Cash and cash equivalents | $ | 2,082  |  |  | $ | 2,732  |  |
| Short-term investments | 334  |  |  | 330  |  |
| Receivables, net  | 579  |  |  | 650  |  |
| Other current assets | 522  |  |  | 439  |  |
| Total current assets | 3,517  |  |  | 4,151  |  |
| Property and equipment, net | 545  |  |  | 550  |  |
| Goodwill | 5,382  |  |  | 5,387  |  |
| Acquisition-related intangibles, net | 893  |  |  | 962  |  |
| Deferred income taxes, net | 2,327  |  |  | 2,243  |  |
| Other assets | 528  |  |  | 507  |  |
| TOTAL ASSETS | $ | 13,192  |  |  | $ | 13,800  |  |
|  |  |  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |
| Current liabilities: |  |  |  |
| Accounts payable | $ | 70  |  |  | $ | 101  |  |
| Accrued and other current liabilities | 1,215  |  |  | 1,388  |  |
| Deferred net revenue (online-enabled games) | 1,548  |  |  | 2,024  |  |
| Total current liabilities | 2,833  |  |  | 3,513  |  |
| Senior notes, net | 1,878  |  |  | 1,878  |  |
| Income tax obligations | 438  |  |  | 386  |  |
| Deferred income taxes, net | 1  |  |  | 1  |  |
| Other liabilities | 401  |  |  | 397  |  |
| Total liabilities | 5,551  |  |  | 6,175  |  |
| Commitments and contingencies (See [Note 11](#i6efa26463c58454a970ef323243122cf_70)) |  |  |  |
| Stockholders’ equity: |  |  |  |
|  |  |  |  |
| Common stock, $0.01 par value. 1,000 shares authorized; 279 and 280 shares issued and outstanding, respectively | 3  |  |  | 3  |  |
| Additional paid-in capital | —  |  |  | —  |  |
| Retained earnings | 7,567  |  |  | 7,607  |  |
| Accumulated other comprehensive income (loss) | 71  |  |  | 15  |  |
| Total stockholders’ equity | 7,641  |  |  | 7,625  |  |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 13,192  |  |  | $ | 13,800  |  |

  
See accompanying Notes to Condensed Consolidated Financial Statements (unaudited).(a) Derived from audited Consolidated Financial Statements.3  

