Electronic Arts Files 2024 10-K

TL;DR

EA's 2024 10-K is in. Full financials and biz details for the year ending March 31, 2024.

AI Summary

Electronic Arts Inc. (EA) filed its 2024 10-K report, detailing its fiscal year ending March 31, 2024. The company, headquartered at 209 Redwood Shores Parkway, Redwood City, CA, operates in the pre-packaged software services sector. The filing covers financial performance and business operations for the period, with specific financial data and disclosures to be found within the full document.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of Electronic Arts' financial health and strategic direction for the fiscal year 2024, crucial for understanding the company's performance and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 20240331 — Fiscal Year End Date (The reporting period for the 10-K filing.)
• 20240522 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• ELECTRONIC ARTS INC. (company) — Filer
• 209 REDWOOD SHORES PARKWAY (address) — Business and Mail Address
• REDWOOD CITY (location) — City
• CA (location) — State
• 650-628-1500 (phone_number) — Business Phone
• 20240331 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.01 — ange on Which Registered Common Stock, $0.01 par value EA Nasdaq Global Select Marke

Filing Documents

• ea-20240331.htm (10-K) — 2217KB
• ex-402descriptionofsecurit.htm (EX-4.02) — 9KB
• ex-1004electronicartsincde.htm (EX-10.04) — 206KB
• ex-1012formofrestrictedsto.htm (EX-10.12) — 90KB
• ex-191electronicartsincins.htm (EX-19.1) — 66KB
• ex-211subsidiariesofthereg.htm (EX-21.1) — 47KB
• ex-231kpmgconsent33124.htm (EX-23.1) — 2KB
• ex-311sec302ceocert33124.htm (EX-31.1) — 11KB
• ex-312sec302cfocert33124.htm (EX-31.2) — 11KB
• ex-321sec906ceocert33124.htm (EX-32.1) — 6KB
• ex-322sec906cfocert33124.htm (EX-32.2) — 6KB
• ex-97electronicartsincclaw.htm (EX-97) — 11KB
• ea-20240331_g1.jpg (GRAPHIC) — 41KB
• image.jpg (GRAPHIC) — 23KB
• image_0.jpg (GRAPHIC) — 6KB
• imagea.jpg (GRAPHIC) — 14KB
• 0000712515-24-000023.txt ( ) — 13657KB
• ea-20240331.xsd (EX-101.SCH) — 85KB
• ea-20240331_cal.xml (EX-101.CAL) — 94KB
• ea-20240331_def.xml (EX-101.DEF) — 419KB
• ea-20240331_lab.xml (EX-101.LAB) — 974KB
• ea-20240331_pre.xml (EX-101.PRE) — 744KB
• ea-20240331_htm.xml (XML) — 2463KB

Risk Factors

Item 1A Risk Factors 8

Unresolved Staff Comments

Item 1B Unresolved Staff Comments 17 Item 1C C yber security 17

Properties

Item 2 Properties 17

Legal Proceedings

Item 3 Legal Proceedings 17

Mine Safety Disclosures

Item 4 Mine Safety Disclosures 17 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18

[Reserved]

Item 6 [Reserved] 19

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Quantitative and Qualitative Disclosures About Market Risk

Item 7A Quantitative and Qualitative Disclosures About Market Risk 31

Financial Statements and Supplementary Data

Item 8 Financial Statements and Supplementary Data 33

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 78

Controls and Procedures

Item 9A Controls and Procedures 78

Other Information

Item 9B Other Information 79 PART III

Directors, Executive Officers and Corporate Governance

Item 10 Directors, Executive Officers and Corporate Governance 80

Executive Compensation

Item 11 Executive Compensation 80

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80

Certain Relationships and Related Transactions, and Director Independence

Item 13 Certain Relationships and Related Transactions, and Director Independence 80

Principal Accounting Fees and Services

Item 14 Principal Accounting Fees and Services 80 PART IV

Exhibits and Financial Statements

Item 15 Exhibits and Financial Statements 80 Exhibit Index 81

Signatures

Signatures 84 2 Table of Contents CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. We use words such as "anticipate", "believe", "expect", "intend", "estimate", "plan", "predict", "seek", "goal", "will", "may", "likely", "should", "could", "continue", "potential" (and the negative of any of these terms), "future" and similar expressions to identify forward-looking statements. In addition, any statements that refer to projections of our future financial performance, trends in our business, projections of markets relevant to our business, uncertain events and assumptions and other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements consist of, among other things, statements related to our business, operations and financial results, industry prospects, our future financial performance, and our business plans and objectives, and may include certain assumptions that underlie the forward-looking statements. These forward-looking statements are not guarantees of future performance and reflect management's current expectations. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that might cause or contribute to such differences include those discussed in Part I, Item 1A of this Annual Report under the heading "Risk Factors" beginning on Page 8. We assume no obligation to revise or update any forward-looking statement for any reason, except as required by law. PART I

: Business

Item 1: Business Overview Electronic Arts is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be experienced on game consoles, PCs, mobile phones and tablets. What We Offer At our core is a portfolio of intellectual property from which we create innovative games and experiences that deliver high-quality interactive entertainment and drive engagement across our global network of hundreds of millions of unique active accounts. Our portfolio includes Intellectual Property (IP) that we either wholly own (such as Apex Legends , Battlefield, and The Sims) or license from others (such as the licenses within EA SPORTS FC and EA SPORTS Madden NFL). We are focusing on building games and experiences that grow the global online communities around our key franchises; deepening engagement through connecting interactive storytelling to key intellectual property; and building re-occurring revenue from scaling our live services and growth in our annualized sports franchises, our console, PC and mobile catalog titles. We develop and publish games and services across diverse genres, such as sports, racing, first-person shooter, action, role-playing and simulation. We believe that our portfolio of IP, talented teams and culture of innovation, technological foundation, and live service offerings, coupled with our network of hundreds of millions of unique active accounts, provide us with strategic advantages. Revenue from our global football franchise, which is consistently one of the top franchises in the marketplace and includes the annualized console, PC and mobile games, as well as FC Ultimate Team , is material to our business and will continue to be so. During fiscal year 2024, we successfully launched EA SPORTS FC, with players connecting, competing and celebrating global football through our multi-experience ecosystem. We expect to continue to create and innovate across platforms, geographies,

View Full Filing

View this 10-K filing on SEC EDGAR