Electronic Arts Inc.

NasdaqGS-EA

Operating Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
Net Income	885	1,121	1,273	802	789	837	3,039	1,019	1,043	967	1,156
Net Income
Depreciation & Amortization	315	356	404	536	486	181	150	145	136	172	197
Depreciation, Amortization, Accretion and Impairment
Share-Based Compensation Expense	651	642	584	548	528	435	347	284	242	196	178
Stock-Based Compensation
Other Adjustments	-24	-41	82	-221	-329	-143	-1,866	-2	204	100	-393
Acquisition-Related Contingent Consideration
Goodwill Impairment
Minority Interest
Acquired in-Process Technology
Net Gains on Investments and Disposal of Property and Equipment
Tax Benefit from Exercise of Stock Options
Non-Cash Restructuring Charges
Loss on Conversion of Convertible Notes
Deferred Income Taxes, Net
Changes in Trade Receivables	-66	-115	119	-34	-77	-41	164	-88	-25	-136	127
Change in Receivables, Net
Changes in Inventories	—	—	—	—	—	—	—	—	—	—	—
Inventories
Changes in Accounts Payable	269	190	-208	144	-7	18	-36	59	-44	5	13
Accounts Payable
Accounts Payable, Accrued, and Other Liabilities
Changes in Accrued Expenses	—	—	—	—	169	136	119	3	43	190	-10
Accrued and Other Liabilities
Changes in Unearned Revenue	-150	-114	-87	-122	497	581	-155	151	83	81	175
Deferred Net Revenue
Changes in Other Operating Activities	-8	40	148	-103	-157	-70	35	-24	10	3	22
Change in Other Assets
Cash from Operating Activities	1,872	2,079	2,315	1,550	1,899	1,934	1,797	1,547	1,692	1,578	1,465
Net Cash Provided by Operating Activities

Investing Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
Capital Expenditure	-219	-221	-199	-207	-188	-124	-140	-119	-107	-123	-93
Capital Expenditures
Purchase of Headquarters Facilities
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Sale of Property and Equipment
Purchases of Investments	-297	-437	-640	-405	-554	-2,828	-3,359	-1,342	-2,287	-1,917	-1,332
Purchase of Short-Term and Other Investments
Purchase of Marketable Equity Securities
Purchase of Marketable Equity Securities and Other Investments
Purchase of Investments in Affiliates
Proceeds from Sale of Investments	528	695	632	395	1,329	3,686	2,142	1,688	3,166	1,281	941
Proceeds from Maturities and Sales of Short-Term Investments
Proceeds from Sale of Marketable Equity Securities
Proceeds from Sale of Marketable Equity Securities and Other Investments
Payments for Business Acquisitions	—	—	—	—	-3,391	-1,239	—	-58	-150	—	—
Acquisitions, Net of Cash Acquired
Other Investing Activities	—	—	—	—	—	—	—	—	—	—	—
Loan Advance
Acquisition-Related Restricted Cash
Other Investing Activities
Cash from Investing Activities	-5	37	-207	-217	-2,804	-505	-1,357	169	622	-759	-484
Net Cash Provided by Investing Activities

Financing Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
Issuance of Long-Term Debt	—	—	—	—	—	1,478	—	—	—	—	989
Proceeds from Issuance of Senior Notes, Net of Issuance Costs
Proceeds from Borrowings on Convertible Senior Notes, Net of Issuance Costs
Repayments of Long-Term Debt	—	—	—	—	—	-600	—	—	—	-163	-470
Payment of Senior Notes
Repayment of Note Assumed in Connection with Acquisition
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	—	878	—	—	—	-163	519
Issuance of Common Shares	—	78	77	80	77	86	62	61	78	72	107
Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-2,799	-2,742	-1,496	-1,470	-1,504	-881	-1,298	-1,314	-721	-638	-1,174
Common Stock Repurchases and Excise Taxes Paid
Cash Paid to Taxing Authorities for Shares Withheld from Employees
Net Issuance / (Repurchases) of Common Shares	-2,799	-2,664	-1,419	-1,390	-1,427	-795	-1,236	-1,253	-643	-566	-1,067
Common Share Dividends Paid	-194	-199	-205	-210	-193	-98	—	—	—	—	—
Cash Dividends Paid
Other Financing Activities	—	—	—	—	—	—	-122	—	—	—	—
Proceeds from Issuance of Warrants
Purchase of Convertible Note Hedge
Payment of Debt Issuance Costs
Excess Tax Benefit from Stock-Based Compensation
Acquisition-Related Contingent Consideration Payment
Cash from Financing Activities	-2,912	-2,863	-1,624	-1,600	-1,620	-15	-1,358	-1,253	-643	-729	-548
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
Free Cash Flow	1,653	1,858	2,116	1,343	1,711	1,810	1,657	1,428	1,585	1,455	1,372
NOPAT	858.1	1,061.6	1,216.1	805.6	824	860.9	2,912	940.6	1,032.2	978.2	1,183.7
Levered Free Cash Flow	1,092	1,372	1,331	1,050	1,589	2,437	3,012	1,234	1,164	1,132	1,979
Unlevered Free Cash Flow	1,065.1	1,312.6	1,274.1	1,053.6	1,624	1,582.9	2,885	1,155.6	1,153.2	1,306.2	1,487.7
Net Change in Cash	-1,045	-747	484	-267	-2,525	1,414	-918	463	1,671	90	433