Take-Two Interactive Q1 2025 10-Q Filed
Ticker: TTWO · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 946581
| Field | Detail |
|---|---|
| Company | Take Two Interactive Software INC (TTWO) |
| Form Type | 10-Q |
| Filed Date | Aug 9, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, software
Related Tickers: TTWO
TL;DR
TTWO Q1 2025 10-Q is in. Financials and biz updates for the quarter ending June 30, 2024.
AI Summary
Take-Two Interactive Software, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the first fiscal quarter of 2025. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the video game industry.
Why It Matters
This filing provides investors with the latest financial results and operational details for Take-Two Interactive, crucial for understanding the company's performance and future outlook in the competitive gaming market.
Risk Assessment
Risk Level: medium — The company operates in the highly competitive and cyclical video game industry, subject to evolving consumer preferences and technological advancements.
Key Players & Entities
- Take-Two Interactive Software, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240809 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 9, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0000946581.
What is the Standard Industrial Classification (SIC) code for Take-Two Interactive Software?
The Standard Industrial Classification (SIC) code for Take-Two Interactive Software is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
What is the fiscal year end for Take-Two Interactive Software?
The fiscal year end for Take-Two Interactive Software is March 31.
Filing Stats: 4,701 words · 19 min read · ~16 pages · Grade level 7.9 · Accepted 2024-08-08 17:58:04
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TTWO NASDAQ Global Select Mar
Filing Documents
- ttwo-20240630.htm (10-Q) — 1326KB
- a06302024ttwoex-103.htm (EX-10.3) — 906KB
- a06302024ttwoex-31x1.htm (EX-31.1) — 10KB
- a06302024ttwoex-31x2.htm (EX-31.2) — 10KB
- a06302024ttwoex-32x1.htm (EX-32.1) — 5KB
- a06302024ttwoex-32x2.htm (EX-32.2) — 5KB
- image_0a.jpg (GRAPHIC) — 2KB
- 0001628280-24-036273.txt ( ) — 9084KB
- ttwo-20240630.xsd (EX-101.SCH) — 58KB
- ttwo-20240630_cal.xml (EX-101.CAL) — 86KB
- ttwo-20240630_def.xml (EX-101.DEF) — 276KB
- ttwo-20240630_lab.xml (EX-101.LAB) — 672KB
- ttwo-20240630_pre.xml (EX-101.PRE) — 487KB
- ttwo-20240630_htm.xml (XML) — 1252KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Loss 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Equity 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.
Controls and Procedures
Controls and Procedures 35 PART II. OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 5. Other Information 36 Item 6. Exhibits 37
Signatures
Signatures 38 (All other items in this report are inapplicable) 1 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements TAKE-TWO INTERACTIVE SOFTWARE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except per share amounts) June 30, 2024 March 31, 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,081.1 $ 754.0 Short-term investments 15.4 22.0 Restricted cash and cash equivalents 306.1 252.1 Accounts receivable, net of allowances of $ 1.2 and $ 1.2 at June 30, 2024 and March 31, 2024, respectively 594.2 679.7 Software development costs and licenses 62.7 88.3 Contract assets 80.7 85.0 Prepaid expenses and other 418.8 378.6 Total current assets 2,559.0 2,259.7 Fixed assets, net 422.0 411.1 Right-of-use assets 344.0 325.7 Software development costs and licenses, net of current portion 1,606.0 1,446.5 Goodwill 4,706.8 4,426.4 Other intangibles, net 3,005.9 3,060.6 Long-term restricted cash and cash equivalents 84.7 95.9 Other assets 216.2 191.0 Total assets $ 12,944.6 $ 12,216.9 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 170.3 $ 195.9 Accrued expenses and other current liabilities 1,067.7 1,062.6 Deferred revenue 945.3 1,059.5 Lease liabilities 64.1 63.8 Short-term debt, net 598.9 24.6 Total current liabilities 2,846.3 2,406.4 Long-term debt, net 3,054.4 3,058.3 Non-current deferred revenue 38.2 42.9 Non-current lease liabilities 404.9 387.3 Non-current software development royalties 90.0 102.1 Deferred tax liabilities, net 311.1 340.9 Other long-term liabilities 208.2 211.1 Total liabilities $ 6,953.1 $ 6,549.0 Commitments and contingencies (See Note 11 ) Stockholders' equity: Preferred stock, $ 0.01 par value, 5.0 shares authorized; no shares issued and outstanding at June 30, 2024 and March 31, 2024 — — Common stock, $ 0.01 par value, 300.0 and 300.0 shares authorized; 198.8 and 194.5 shares issued and 175.2 and 170.8 outstanding at June 30, 2024 and March 31, 2024, respectively 2.0 1.9 Additional paid-in capital 9,962.5 9,371.6 Treasury stock,