XML 51 R34.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 12 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
As a result of adopting the New Revenue Accounting Standard the following adjustments were made to our Consolidated Balance Sheet at April 1, 2018, which also reflect the changes related to income tax accounts included in Prepaid expenses and other, Other assets, Accrued expenses and other current liabilities, and Other long-term liabilities:
 
 
March 31, 2018
 
Adjustments
 
April 1, 2018
ASSETS
 
 
 
 
 
 
Accounts receivable, net
 
$
247,649

 
$
53,940

 
$
301,589

Software development costs and licenses
 
33,284

 
(11,096
)
 
22,188

Deferred cost of goods sold
 
117,851

 
(89,867
)
 
27,984

Prepaid expenses and other
 
133,454

 
33,620

 
167,074

Deferred cost of goods sold, net of current portion
 
26,719

 
(25,687
)
 
1,032

Deferred tax assets
 
4,930

 
51,430

 
56,360

 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
Accrued expenses and other current liabilities
 
$
914,748

 
$
69,678

 
$
984,426

Deferred revenue
 
777,152

 
(230,144
)
 
547,008

Non-current deferred revenue
 
355,589

 
(336,456
)
 
19,133

Other long-term liabilities
 
158,285

 
34,336

 
192,621

Retained earnings
 
73,516

 
470,273

 
543,789

Accumulated other comprehensive loss
 
(15,732
)
 
4,653

 
(11,079
)
Our adoption of the New Revenue Accounting Standard had the following impact on our Consolidated Balance Sheet as of March 31, 2019:
 
 
Amounts as reported
 
Amounts without adoption of New Revenue Accounting Standard
 
Increase (decrease) due to adoption of New Revenue Accounting Standard
ASSETS
 
 
 
 
 
 
Accounts receivable, net
 
$
395,729

 
$
330,448

 
$
65,281

Software development costs and licenses
 
28,880

 
39,191

 
(10,311
)
Deferred cost of goods sold
 
51,867

 
176,802

 
(124,935
)
Prepaid expenses and other
 
186,688

 
195,744

 
(9,056
)
Software development costs and licenses, net of current portion
 
603,436

 
777,238

 
(173,802
)
Deferred cost of goods sold, net of current portion
 
1,028

 
75,919

 
(74,891
)
Deferred tax assets
 
134,732

 
157,741

 
(23,009
)
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
Accrued expenses and other current liabilities
 
$
1,035,695

 
$
949,347

 
$
86,348

Deferred revenue
 
843,302

 
1,445,936

 
(602,634
)
Non-current deferred revenue
 
21,058

 
677,148

 
(656,090
)
Other long-term liabilities
 
229,633

 
202,721

 
26,912

Retained earnings
 
877,626

 
77,608

 
800,018

Accumulated other comprehensive loss
 
(37,189
)
 
(31,912
)
 
(5,277
)
Our adoption of the New Revenue Accounting Standard had the following impact on our Consolidated Statement of Operations for the twelve months ended March 31, 2019:

 
 
Amounts as reported
 
Amounts without adoption of New Revenue Accounting Standard
 
Increase (decrease) due to adoption of New Revenue Accounting Standard
Net revenue
 
$
2,668,394

 
$
1,927,148

 
$
741,246

Cost of goods sold
 
1,523,644

 
1,218,056

 
305,588

Gross profit
 
1,144,750

 
709,092

 
435,658

Selling and marketing
 
391,400

 
391,400

 
—

General and administrative
 
281,234

 
281,234

 
—

Research and development
 
230,170

 
230,170

 
—

Depreciation and amortization
 
40,232

 
40,232

 
—

Business reorganization
 
(4,958
)
 
(4,958
)
 
—

Total operating expenses
 
938,078

 
938,078

 
—

Income (loss) from operations
 
206,672

 
(228,986
)
 
435,658

Interest and other, net
 
26,113

 
28,296

 
(2,183
)
Income (loss) before income taxes
 
232,785

 
(200,690
)
 
433,475

(Benefit from) provision for income taxes
 
(101,052
)
 
(204,782
)
 
103,730

Net income
 
$
333,837

 
$
4,092

 
$
329,745

Earnings per share:
 
 
 
 
 
 
Basic earnings per share
 
$
2.95

 
$
0.04

 
$
2.91

Diluted earnings per share
 
$
2.90

 
$
0.04

 
$
2.86
Net revenue by product platform
Net revenue by platform was as follows:
 
 
Twelve Months Ended March 31,
 
 
2019
 
2018(1)
 
2017(1)
Net revenue recognized:
 

 
 
 
 
Console
 
$
2,233,861

 
$
1,463,306

 
$
1,440,724

PC and other
 
434,533

 
329,586

 
339,024

Total net revenue
 
$
2,668,394

 
$
1,792,892

 
$
1,779,748

(1) This disaggregated revenue category had previously been disclosed as part of Note 17 - Segment and Geographic Information in our Annual Report on Form 10-K for the fiscal year ended March 31, 2018. Amounts have not been retrospectively adjusted to reflect the adoption of ASC Topic 606.
Net revenue by product revenue and service and other was as follows:
 
 
Twelve Months Ended March 31,
 
 
2019
Net revenue recognized(1):
 

Service and other
 
$
1,319,033

Product
 
1,349,361

Total net revenue
 
$
2,668,394

Net revenue by distribution channel was as follows:
 
 
Twelve Months Ended March 31,
 
 
2019
 
2018(1)
 
2017(1)
Net revenue recognized:
 
 
 
 
 
 
Digital online
 
$
1,681,609

 
$
1,130,946

 
$
921,734

Physical retail and other
 
986,785

 
661,946

 
858,014

Total net revenue
 
$
2,668,394

 
$
1,792,892

 
$
1,779,748

(1) This disaggregated revenue category had previously been disclosed as part of Note 17 - Segment and Geographic Information in our Annual Report on Form 10-K for the fiscal year ended March 31, 2018. Amounts have not been retrospectively adjusted to reflect the adoption of ASC Topic 606.
Net revenue by full game and other revenue and recurrent consumer spending was as follows:
 
 
Twelve Months Ended March 31,
 
 
2019
Net revenue recognized(1):
 

Full game and other
 
$
1,597,478

Recurrent consumer spending
 
1,070,916

Total net revenue
 
$
2,668,394
Net revenue by geographic region
Net revenue by geographic region was as follows:
 
 
Twelve Months Ended March 31,
 
 
2019
 
2018(1)
 
2017(1)
Net revenue recognized:
 
 
 
 
 
 
United States
 
$
1,426,906

 
$
1,052,313

 
$
999,128

International
 
1,241,488

 
740,579

 
780,620

Total net revenue
 
$
2,668,394

 
$
1,792,892

 
$
1,779,748