Earnings Call Excerpt
Electronic Arts (ERTS)
Q3 2006 Earnings Conference Call
February 2nd 2006, 5:00 PM.
Executives:
Tricia Gugler, Director, Investor Relations
Warren C. Jenson, Chief Financial and Chief Administrative Officer
Larry Probst, Chairman and Chief Executive Officer
Frank Gibeau, Executive Vice President and General Manager of North American Publishing
Analysts:
Elizabeth Osur, Citigroup
Brian Pitz, Morgan Stanley
Heath Terry, Credit Suisse
Evan Wilson, Pacific Crest Securities
Jeetil Patel, Deutsche Bank
Mike Wallace, UBS
Edward Williams, Harris Nesbitt
Chris Quast, FIG
Helen Fleming, Merrill Lynch
Gary Cooper, Banc of America
John Taylor, Arcadia
JP McNealy, American Technology
Lowell Singer, SG Cowen
Robert Haley, Gabelli & Company
Mike Hickey, Janco Partners
Mark Schumacher, Hallum Capital
Brendan McCabe, CIBC World Markets
Tony Gikas, Piper Jaffray
Presentation
Operator
Good day everyone and welcome to the Electronic Arts third quarter fiscal year 2006 Earnings Conference Call. Today’s call is being recorded. For opening remarks and introductions, I would like it turn the call over to Ms. Tricia Gugler, Director of Investor Relations. Please go ahead.
Tricia Gugler, Director, Investor Relations
Good afternoon, and welcome to our third quarter fiscal 2006 earnings call. Today on the call we have Larry Probst, Chairman and Chief Executive Officer, Warren Jenson, Chief Financial and Administrative Officer, and Frank Gibeau, Executive Vice President and General Manager of North American Publishing.
Before we begin, I’d like to remind you that you may find copies of our SEC filings, our earnings release, and a replay of the webcast on our website at investor.ea.com. Shortly after the call, we’ll post a copy of Warren’s remarks on our website. Throughout this call, we’ll present both GAAP and non-GAAP financial results. Non-GAAP results exclude charges associated with restructuring, asset impairment, other than temporary impairment of investments and affiliates, acquired in-process technology, and other acquisition-related charges, amortization of intangibles, employee stock-based compensation, and certain non-recurring litigation expenses and their related tax effects. In addition, the company’s non-GAAP results exclude the impact of tax adjustments. A supplemental schedule to our earnings release provides a reconciliation of non-GAAP to GAAP measure. In addition, a supplemental schedule demonstrating how we calculate return on invested capital will be included on our website. All non-GAAP measures are provided as a complement to our GAAP results and we encourage investors to consider all measures before making an investment decision. All comparisons made in the course of this call are against the same period for the prior year unless otherwise stated. We have included our trailing 12-month platform shares in our 2006 estimated market outlook in a supplemental schedule that we will post on our website.
Thank you, Mr. Warren. And the question and answer session will be conducted electronically. If you wish to ask a question please press ?*
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