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EA Financials Are In: PC Making more money than consoles

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  • Kinthalis
     
    Level 37
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    Jul 27, 2011 2:57 pm GMT

    This is for the quarter people, and I specificlaly stated vs "any one of the consoles".

    Mind you PC doesn't do bad the rest of the time - except for three quarters ago. Seriously, what was released then?

    Edited on Jul 27, 2011 2:58 pm GMT

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    This is for the quarter people, and I specificlaly stated vs "any one of the consoles".

    Mind you PC doesn't do bad the rest of the time - except for three quarters ago. Seriously, what was released then?

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  • Filthybastrd
     
    Level 32
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    Posts: 7124
    Jul 27, 2011 2:57 pm GMT

    Kinthalis wrote:

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    Edit: GAAP as opposed to IFRS?

    Edited on Jul 27, 2011 3:01 pm GMT

    [QUOTE="Kinthalis"]

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    [/QUOTE]

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    Edit: GAAP as opposed to IFRS?

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  • razgriz_101
     
    Level 54
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    Jul 27, 2011 2:58 pm GMT

    SaltyMeatballs wrote:
    Kinthalis wrote:

    14% increase for PC 154 million vs 152 million.

    Wow 3 quarters before xbox pwned everythign though.... What came out 3 quarters ago?

    So because of one quarter? And by a lousy 2 million? Also, your title says consoles whilst your just mention the 360. Very misleading, when in reality the consoles still bring in most of the money for EA, which would not be surprising as most of their sales come from consoles, Madden, FIFA, NFS, etc, sell most on consoles.

    pretty sure a few of those are big q2 releases.

    [QUOTE="SaltyMeatballs"][QUOTE="Kinthalis"]

    14% increase for PC 154 million vs 152 million.

    Wow 3 quarters before xbox pwned everythign though.... What came out 3 quarters ago?

    [/QUOTE] So because of one quarter? And by a lousy 2 million? Also, your title says consoles whilst your just mention the 360. Very misleading, when in reality the consoles still bring in most of the money for EA, which would not be surprising as most of their sales come from consoles, Madden, FIFA, NFS, etc, sell most on consoles.[/QUOTE]

    pretty sure a few of those are big q2 releases.

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  • Kinthalis
     
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    Jul 27, 2011 3:00 pm GMT

    Filthybastrd wrote:

    Kinthalis wrote:

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

    i7 3770k @4.6 Ghz | GTX 680 x2 in SLI @ 1150/7000 | 16GB 1.8 Ghz RAM

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    [QUOTE="Filthybastrd"]

    [QUOTE="Kinthalis"]

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    [/QUOTE]

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    [/QUOTE]

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

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  • SaltyMeatballs
     
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    Jul 27, 2011 3:02 pm GMT

    Kinthalis wrote:

    I think you guys are looking at the GAAP figures - or entirely in the wrong place.

    The non-GAAP is what investors look at, since it's the more accurate reflection of the status of the company.

    Not sure what you guys are looking at, so I can't help you.

    It's your thread so if you're making a claim you should exlpain. I looked and PC looks less, here explain this because it looks less than consoles, and less than just the 360:

    http://i.imgur.com/ik0bQ.jpg

    PS FOOOOOOUR! THE WAR IS OVER, SON! PC GAMING DYING CYCLE CONTINUES! MICROSOFT DOA! NINTENDO ON MARIO LIFE SUPPORT! PS4 > HIGH END PC!
    http://i.imgur.com/XObWdFK.gif

    [QUOTE="Kinthalis"]

    I think you guys are looking at the GAAP figures - or entirely in the wrong place.

    The non-GAAP is what investors look at, since it's the more accurate reflection of the status of the company.

    Not sure what you guys are looking at, so I can't help you.

    [/QUOTE] It's your thread so if you're making a claim you should exlpain. I looked and PC looks less, here explain this because it looks less than consoles, and less than just the 360:

    http://i.imgur.com/ik0bQ.jpg

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  • KC_Hokie
     
    Level 36
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    Posts: 15368
    Jul 27, 2011 3:02 pm GMT

    razgriz_101 wrote:

    So lets look below at the figures shall we?

    Total console revenue: $698 million Total PC revenue: $205 million.

    "A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw

    [QUOTE="razgriz_101"]

    So lets look below at the figures shall we?

    [/QUOTE]Total console revenue: $698 million Total PC revenue: $205 million.

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  • Kinthalis
     
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    Jul 27, 2011 3:03 pm GMT

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    i7 3770k @4.6 Ghz | GTX 680 x2 in SLI @ 1150/7000 | 16GB 1.8 Ghz RAM

    ASRock Z77 Extreme 4 | 225GB SSD/2 TB HD | Dell Ultrasharp 2560x1440

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

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  • KC_Hokie
     
    Level 36
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    Jul 27, 2011 3:05 pm GMT
    Kinthalis wrote:

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    Ahh...the Xbox 360 and PS3 individually beat the PC in net income.
    "A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw
    [QUOTE="Kinthalis"]

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    [/QUOTE]Ahh...the Xbox 360 and PS3 individually beat the PC in net income.
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  • Chris_Williams
     
    Level 38
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    Jul 27, 2011 3:06 pm GMT
    Kinthalis wrote:

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.



    you know that wasn't your original point, your trying to cover your tracks and get some damage control going, its cool we all make mistakes, its great that pc gaming is strong and also the consoles, everybody wins

    [QUOTE="Kinthalis"]

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    [/QUOTE] you know that wasn't your original point, your trying to cover your tracks and get some damage control going, its cool we all make mistakes, its great that pc gaming is strong and also the consoles, everybody wins
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  • Filthybastrd
     
    Level 32
    Snake Eater
    Posts: 7124
    Jul 27, 2011 3:06 pm GMT

    Kinthalis wrote:

    Filthybastrd wrote:

    Kinthalis wrote:

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

    So GAAP would post profits of 100k even though it's technically incorrect?

    [QUOTE="Kinthalis"]

    [QUOTE="Filthybastrd"]

    [QUOTE="Kinthalis"]

    I know they are not required, but are you telling me you're not going to take into account non-recurring financial information in a quarter?

    [/QUOTE]

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    [/QUOTE]

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

    [/QUOTE]

    So GAAP would post profits of 100k even though it's technically incorrect?

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  • SakusEnvoy
     
    Level 34
    Paramecium
    Posts: 4041
    Jul 27, 2011 3:08 pm GMT

    More importantly, look at this:

    (non-GAAP)

    Mobile: 57

    DS: 6

    PSP: 5

    (GAAP)

    Mobile: 57

    PSP: 11

    DS: 8

    If someone wants to talk about mobiles taking over the portable market, at least for Western publishers, look no further than Electronic Arts' financial reports.

    Edited on Jul 27, 2011 3:14 pm GMT

    More importantly, look at this:

    (non-GAAP)

    Mobile: 57

    DS: 6

    PSP: 5

    (GAAP)

    Mobile: 57

    PSP: 11

    DS: 8

    If someone wants to talk about mobiles taking over the portable market, at least for Western publishers, look no further than Electronic Arts' financial reports.

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  • KC_Hokie
     
    Level 36
    Radical Ninja
    Posts: 15368
    Jul 27, 2011 3:08 pm GMT
    Filthybastrd wrote:

    Kinthalis wrote:

    Filthybastrd wrote:

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

    So GAAP would post profits of 100k even though it's technically incorrect?

    GAAP is the only number required by law for publicly traded companies.
    "A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw
    [QUOTE="Filthybastrd"]

    [QUOTE="Kinthalis"]

    [QUOTE="Filthybastrd"]

    I'm financially ilitterate so could you possibly do a vague description of the differences between GAAP and non-GAAP?

    As I understand it, GAAP are "Generally Accepted Accounting Principles" used in the US, and are in the process of being phased out, because they won't necessarily correspond with numbers provided by a company using "International Accounting Standards".

    Is that correct in a very vague sense?

    [/QUOTE]

    Simple analogy:

    You own a burger joint. the past 6 months you made $100,000.

    The next 6 months you made $100,000 also, BUT, a customer fell down at your restaurant and sued you for $50,000.

    Technically you made $50,000, but it's not because your burgers sold any less. you had a non-recurring exceptional expense, that is not expected next time.

    IT's very simplified, but you get the gist.

    [/QUOTE]

    So GAAP would post profits of 100k even though it's technically incorrect?

    [/QUOTE]GAAP is the only number required by law for publicly traded companies.
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  • SaltyMeatballs
     
    Level 50
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    Jul 27, 2011 3:09 pm GMT

    Kinthalis wrote:

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    It's misleading because the title says consoles, the diagram even shows the total for consoles. Also, you are looking at just one quarter where the difference from the 360 is very little whereas previous quarters show hundreds of millions in favour of the 360... so it's misleading and selective on your case.

    In your OP: "This story paints the PC as the leading profit creating platform for EA. That's right, one of the biggest video game publishers out there makes more money from the PC than from either current gen console."

    No it doesn't.

    PS FOOOOOOUR! THE WAR IS OVER, SON! PC GAMING DYING CYCLE CONTINUES! MICROSOFT DOA! NINTENDO ON MARIO LIFE SUPPORT! PS4 > HIGH END PC!
    http://i.imgur.com/XObWdFK.gif

    [QUOTE="Kinthalis"]

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    [/QUOTE] It's misleading because the title says consoles, the diagram even shows the total for consoles. Also, you are looking at just one quarter where the difference from the 360 is very little whereas previous quarters show hundreds of millions in favour of the 360... so it's misleading and selective on your case.

    In your OP: "This story paints the PC as the leading profit creating platform for EA. That's right, one of the biggest video game publishers out there makes more money from the PC than from either current gen console."

    No it doesn't.

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  • NerubianWeaver
     
    Level 34
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    Posts: 2043
    Jul 27, 2011 3:10 pm GMT
    Kinthalis wrote:

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.



    You said that PC is the leading profit creating platform whereas the figures showed that it's the Xbox 360 or the PS3 are leading.

    [QUOTE="Kinthalis"]

    Anyway, I'm pretty sure I worded my TC correctly.

    But sorry if it seemed misleading. Yes, this quarter it made more than any of the two consoles (individually). That was my point.

    Even when the consoles are winning, year over year it seems like the PC brings in about as much as a console and more than any othe rnon console platform. -And apparently the trend is for PC to continue to rise.

    [/QUOTE] You said that PC is the leading profit creating platform whereas the figures showed that it's the Xbox 360 or the PS3 are leading.
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  • KC_Hokie
     
    Level 36
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    Posts: 15368
    Jul 27, 2011 3:12 pm GMT
    This thread should be closed because it's 100% false.
    "A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw
    This thread should be closed because it's 100% false.
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  • The_Capitalist
     
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    Jul 27, 2011 3:22 pm GMT

    "Non-GAAP," or "pro-forma" earnings are usually superfluous and can be easily made up by a company. Hence, the term "non-GAAP." It does not conform with the Generally Accepted Accounting Principles, which are set by the Financial Accounting Standards Board. That's why investors sometimes don't bother with them. They can't be compared to financial reports from other companies.

    That said though, they are useful as a guide to any analyst and are not completely useless. There is probably an accounting rule in GAAP that prevents EA from recognizing revenue from digital sales immediately during the quarter. If anything, I suspect it's related to a rule that forces EA to defer revenue from the sales of digital revenue because EA usually provides free updates after the sale. Hence, GAAP would essentially force EA to recognize that revenue over the lifetime of a said digital product.

    PC: Intel Xeon X3350, 5GB DDR2-SDRAM, eVGA GeForce 560 Ti, Intel 320 40GB SSD

    Console(s): PS3 Slim

    "Non-GAAP," or "pro-forma" earnings are usually superfluous and can be easily made up by a company. Hence, the term "non-GAAP." It does not conform with the Generally Accepted Accounting Principles, which are set by the Financial Accounting Standards Board. That's why investors sometimes don't bother with them. They can't be compared to financial reports from other companies.

    That said though, they are useful as a guide to any analyst and are not completely useless. There is probably an accounting rule in GAAP that prevents EA from recognizing revenue from digital sales immediately during the quarter. If anything, I suspect it's related to a rule that forces EA to defer revenue from the sales of digital revenue because EA usually provides free updates after the sale. Hence, GAAP would essentially force EA to recognize that revenue over the lifetime of a said digital product.

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  • dontshackzmii
     
    Level 29
    Radiant Silvergun
    Posts: 6037
    Jul 27, 2011 3:22 pm GMT

    i dont think is knows what he is reading

    ps why is it 90% of the time pc gamers are the ones talking about pc gaming dying?

    i dont think is knows what he is reading

    ps why is it 90% of the time pc gamers are the ones talking about pc gaming dying?

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  • TheMoreYouOwn
     
    Level 13
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    Jul 27, 2011 3:25 pm GMT
    So, after all is said and done, after examining the charts, is this thread a "self own?"
    So, after all is said and done, after examining the charts, is this thread a "self own?"
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  • The_Capitalist
     
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    Jul 27, 2011 3:32 pm GMT

    TheMoreYouOwn wrote:
    So, after all is said and done, after examining the charts, is this thread a "self own?"

    Either the OP doesn't know how to read financial statements, doesn't know accounting, or both.

    PC: Intel Xeon X3350, 5GB DDR2-SDRAM, eVGA GeForce 560 Ti, Intel 320 40GB SSD

    Console(s): PS3 Slim

    [QUOTE="TheMoreYouOwn"]So, after all is said and done, after examining the charts, is this thread a "self own?"[/QUOTE]

    Either the OP doesn't know how to read financial statements, doesn't know accounting, or both.

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  • skrat_01
     
    Level 51
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    Jul 27, 2011 3:43 pm GMT
    THE NUMBERS MASON, THE NUMBERS.

    But yes, makes sense really.

    http://i151.photobucket.com/albums/s131/muscrat_01/BannerImdone5.png

    Playing With Power

    THE NUMBERS MASON, THE NUMBERS. But yes, makes sense really.
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