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This excerpt taken from the ATVI 10-K filed Jun 9, 2006. Doom 3 for the Xbox
in April 2005. There were no new
releases early in the first quarter of fiscal 2007.
Accrued Expenses
The increase in accrued expenses was primarily driven by increased payroll accruals and separation and severance costs associated with a less than 7% reduction in workforce in the fourth quarter of fiscal 2006, increased accruals for legal costs, and increased co-op marketing support. The increase was partially offset by a reduced liability due to third parties on affiliate titles distributed during the fourth quarter of fiscal 2006 compared to the fourth quarter of fiscal 2005.
This excerpt taken from the ATVI 10-Q filed Feb 8, 2006. Doom 3 for the Xbox which was more focused
toward the demographic of the Xbox.
We expect our fiscal 2006 revenues from the sales of titles for the Xbox to increase over the previous fiscal year driven by the performance in the first nine months of this fiscal year. We expect that sales of titles for the Xbox will decline for the remainder of the fiscal year and in the upcoming year as the Xbox360 hardware becomes more readily available and its installed base grows.
35
This excerpt taken from the ATVI 10-Q filed Nov 3, 2005. Doom
3, which was our top selling title that quarter and carried a
significantly higher royalty rate than most of our products. Further contributing to the decrease in
absolute dollars was the overall decrease in sales quarter over quarter.
Cost of sales – software royalties and amortization as a percentage of publishing net revenues decreased from 14% for the six months ended September 30, 2004 to 10% for the six month ended September 30, 2005. In absolute dollars, cost of sales – software royalties and amortization for the six months ended September 30, 2005 decreased $23.6 million from the prior fiscal year, from $58.6 million for the six months ended September 30, 2004 to $35.0 million. This decrease is due primarily to the fiscal 2005 second quarter release of Doom 3, as discussed above.
This excerpt taken from the ATVI 10-K filed Jun 9, 2005. Doom 3 for the Xbox
in early April 2005.
• Increases in our fourth quarter European sales volume and inventory purchases related to our focus on international expansion, including our addition of offices in Spain and Italy and the release of three hit affiliate titles in the fourth quarter of fiscal 2005.
Accrued Expenses
The increase in accrued expenses was primarily driven by:
• Continued focus on marketing and co-op support for our key titles. It has been our experience that this increased spending will lengthen the product sales life cycle and add to the long-term prospects of the respective product lines.
• Increased foreign income taxes payable.
• Expenses related to the fourth quarter releases of three affiliate label products in our European territories.
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