EX-12.1 5 d249974dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

ELECTRONIC ARTS INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES CALCULATION

(in $000’s)

 

     Fiscal Years Ended March 31,     Six Months  Ended
September 30, 2011		  
     2007     2008     2009     2010     2011    

Interest component of rental expense

    $ 22,827      $ 25,519      $ 17,672      $ 18,519      $ 20,899      $ 12,407   

Interest component of property leases

      16,735        14,820        6,668        2,896        1,294        5,887   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 39,562      $ 40,339      $ 24,340      $ 21,415      $ 22,193      $ 18,294   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Pre-tax income (loss)

    $ 138,000      $ (507,000 )    $ (855,000 )    $ (706,000 )    $ (279,000 )    $ (150,000 ) 

Fixed charges

      39,562        40,339        24,340        21,415        22,193        18,294   

Less: minority interest

      (3,779 )      —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings for calculation purposes (1)

    $ 181,341      $ (466,661 )    $ (830,661 )    $ (684,585 )    $ (256,807 )    $ (131,706 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      4.58        (2 )      (2 )      (2 )      (2 )      (2 ) 

 

(1) 

For purposes of computing our ratio of earnings to fixed charges, earnings consist of our pre-tax income or loss from continuing operations before adjustment for minority interests in consolidated subsidiaries plus fixed charges, minus minority interest in pre-tax income of subsidiaries that have not incurred fixed charges. Fixed charges consist of interest expensed, plus an estimate of the interest within rental expense.

 

(2) 

For the years ended March 31, 2008, 2009, 2010, 2011, and for the six months ended September 30, 2011 we had a $507 million, $855 million, $706 million $279 million, and $150 million deficiency, respectively, of earnings to fixed charges.