$EA (Electronic Arts Inc.)

$EA {{ '2015-12-07T18:51:30+0000' | timeago}} • SEC

$EA entered into a $500MM senior unsecured revolving credit facility with a syndicate of banks on March 19, 2015. The credit facility terminates on March 19, 2020, and contains an option to arrange with existing lenders or new lenders for them to provide up to an aggregate of $250MM in additional commitments for revolving loans.

$EA {{ '2017-06-12T11:12:40+0000' | timeago}} • Announcement

Gaming company $EA will launch a new ‘EA Originals’ game titled A Way Out in early 2018, in partnership with Hazelight. The new game, a co-op only game uniquely tailored for two players to work together, comes from the team that created the critically-acclaimed indie title, Brothers - A Tale of Two Sons.

$EA {{ '2017-05-12T13:51:39+0000' | timeago}} • Infographic

$EA Electronic Arts Earnings AlphaGraphics: Q4 2017 Highlights

$EA {{ '2017-05-09T22:12:54+0000' | timeago}} • Webcast

On the M&A front, $EA said it has passed on few opportunities as the valuations of the companies were high. The company continues to have its eyes and ears open, but said there is not a long list of companies of scale that it can go after.

$EA {{ '2017-05-09T20:30:48+0000' | timeago}} • Announcement

Starting in 1Q18, $EA said it will adopt FASB ASU 2016-09 related to stock-based compensation. The new guidance will require $EA to change how it reports the cash effects of stock-based compensation in cash flow statement. It does increase operating cash flow and decrease cash flow from financing activities.

$EA {{ '2017-05-09T20:29:26+0000' | timeago}} • Announcement

$EA expects 1Q18 net revenue of about $1.425Bil, net income of about $605MM and EPS of about $1.93. The company predicts a share count of 314MM for purposes of calculating 1Q18 EPS. Net sales is expected to be about $750MM.

$EA {{ '2017-05-09T20:27:39+0000' | timeago}} • Announcement

$EA expects FY18 net revenue of about $5.075Bil, net income of about $1.125Bil and EPS of about $3.57. Operating cash flow, reflecting the recently adopted accounting standard related to stock-based compensation, is expected to be about $1.575Bil. $EA sees share count of 315MM for purposes of calculating FY18 EPS.

$EA {{ '2017-05-09T20:25:39+0000' | timeago}} • Announcement

$EA announced a new program to repurchase up to $1.2Bil of the company's common stock. This new stock repurchase program expires on May 31, 2019.

$EA {{ '2017-05-09T20:24:43+0000' | timeago}} • Announcement

$EA reported a drop in 4Q17 earnings due to last year's benefit from income taxes. Net income fell to $566MM or $1.81 per share from $899MM or $2.79 per share last year. Revenue grew to $1.53Bil from $1.31Bil.

$EA {{ '2017-03-21T13:34:50+0000' | timeago}} • Announcement

$EA and BioWare announced that Mass Effect: Andromeda, the latest edition of the game franchise, is available now on Origin for PC, $MSFT's Xbox One and $SNE's PlayStation 4 in North America and starting March 23, 2017, in Europe.

$EA {{ '2017-01-31T22:42:28+0000' | timeago}} • Webcast

Mobile game publisher $EA reported that 3Q17 results were driven by the launch of Battlefield 1 game and strong performance from FIFA 17 and FIFA 17 Ultimate Team games. 3Q17 was a $1Bil cash flow quarter. Revenue was above the company's guidance by $24MM and year-on-year growth was driven by Battlefield 1.

$EA {{ '2017-01-31T21:20:30+0000' | timeago}} • Announcement

$EA expects FY17 net revenue of about $4.8Bil, net income of about $914MM and EPS of about $2.91. The company predicts 2017 operating cash flow of about $1.35Bil and share count of 314MM. For 4Q17, $EA sees net revenue of about $1.482Bil, net income of about $513MM, EPS of about $1.64 and share count of 313MM.

$EA {{ '2017-01-31T21:17:30+0000' | timeago}} • Announcement

$EA reported a narrower 3Q17 loss driven by higher revenue as well as an income tax benefit. Net loss narrowed to $1MM or breakeven per share from $45MM or $0.14 per share last year. Revenue grew to $1.15Bil from $1.07Bil.

$EA {{ '2016-12-13T17:26:57+0000' | timeago}} • Announcement

$EA said entered into a new partnership between Real Racing 3, a mobile racing franchise, and the FIA Formula E Championship, a fully-electric single-seater series. This partnership will give players the exclusive season-opening Hong Kong ePrix experience.

$EA {{ '2016-11-01T23:38:19+0000' | timeago}} • Infographic

$EA Electronic Arts Earnings AlphaGraph: Q2 2017 Highlights.

$EA {{ '2016-11-01T22:04:33+0000' | timeago}} • Webcast

$EA said that on FIFA Mobile opportunity, soccer is much larger sport than American football, which is a positive for the game. The company added that mobile games tend to monetize well in the west and in the US. $EA is also seeing large potential in all of Europe, Latin American and China where the company is planning to capture the market.

$EA {{ '2016-11-01T21:47:59+0000' | timeago}} • Webcast

$EA stated that 3Q17 is expected to be the company's biggest cash flow quarter ever. Operating expenses for the quarter is expected to be $652MM, including $50MM in stock based compensation and $2MM in acquisition related expenses.

$EA {{ '2016-11-01T21:39:29+0000' | timeago}} • Webcast

During 2Q17, $EA repurchased 1.6MM shares at a cost of $127MM, leaving $282MM in the company's two-year $1Bil buyback program started in May 2015. Cash and short term investments at the end of 2Q17 were $3.27Bil, of which 43% was held onshore.

$EA {{ '2016-11-01T21:34:46+0000' | timeago}} • Webcast

$EA's operating expenses rose 4% YoverY to $546MM in 2Q17, driven by higher investment in R&D. This operating expense amount includes $47MM in stock based compensation and $1MM in acquisition related expenses, said the company. Free cash flow on a TTM basis was $1Bil, with CapEx of $120MM.

$EA {{ '2016-11-01T20:42:53+0000' | timeago}} • Announcement

For 3Q17, $EA expects net revenue to be about $1.125Bil. The company also expects net loss for 3Q17 to be about $53MM or $0.17 per diluted share, while share count is expected to be 304MM shares.

$EA {{ '2016-11-01T20:40:56+0000' | timeago}} • Announcement

$EA expects FY17 net revenue to be about $4.775Bil and GAAP net income is expected to be about $848MM or about $2.69 per diluted share. Operating cash flow for FY17 is expected to be approx. $1.3Bil, and the company expects a share count of 315MM.

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