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ATVI » Topics » Cost of Sales-Software Royalties and Amortization (amounts in thousands)

These excerpts taken from the ATVI 10-K filed May 30, 2008.

Cost of Sales—Software Royalties and Amortization (amounts in thousands)

March 31,
2007
   % of
Publishing
Net Revenues
   March 31,
2006
   % of
Publishing
Net Revenues
   Increase/
(Decrease)
   Percent
Change
  
$ 132,353   12 % $ 147,822   13 % $ (15,469 ) (10 )%

        "Cost of sales—software royalties and amortization" for the year ended March 31, 2007 decreased as a percentage of publishing net revenues from the prior fiscal year, from 13% to 12%. In absolute dollars, "cost of sales—software royalties and amortization" for the year ended March 31, 2007 also decreased from the prior fiscal year, from $147.8 million to $132.4 million. The decreases were mainly due to:

    •
    A decrease in the number of titles released in fiscal 2007 as compared to the prior year when we had the largest slate of new releases in our history. A decrease in amortization of software development costs from internally developed games, was partially offset by increases in royalties for games developed by third party developers.

    •
    Non-recurring costs recorded in fiscal 2006 totaling $12.6 million, related to impairment charges for a title in development in 2006, and recoverability write-offs related to released titles.

Cost of Sales—Software Royalties and Amortization (amounts in thousands)




































March 31,

2007
 % of

Publishing

Net Revenues
 March 31,

2006
 % of

Publishing

Net Revenues
 Increase/

(Decrease)
 Percent

Change
 
$132,353 12%$147,822 13%$(15,469)(10)%




        "Cost
of sales—software royalties and amortization" for the year ended March 31, 2007 decreased as a percentage of publishing net revenues from the prior fiscal year,
from 13% to 12%. In absolute dollars, "cost of sales—software royalties and amortization" for the year ended March 31, 2007 also decreased from the prior fiscal year, from
$147.8 million to $132.4 million. The decreases were mainly due to:





    •
    A
    decrease in the number of titles released in fiscal 2007 as compared to the prior year when we had the largest slate of new releases in our history. A decrease in
    amortization of software development costs from internally developed games, was partially offset by increases in royalties for games developed by third party developers.


    •
    Non-recurring
    costs recorded in fiscal 2006 totaling $12.6 million, related to impairment charges for a title in development in 2006, and recoverability
    write-offs related to released titles.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
May 30, 2008

RELATED TOPICS for ATVI:

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