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This excerpt taken from the ATVI 10-K filed Jun 9, 2006. Madagascar. We
expect fiscal 2007 net revenues for the GameCube to decrease over fiscal 2006
due to our more focused fiscal 2007 title slate and the next-generation
platforms gaining market share over current-generation platforms such as the
GameCube. It is anticipated that Nintendo will release their next-generation console,
the Wii, in calendar 2006. Given the initially low installed base, we expect
the release of the Wii to have little initial impact on our net revenues.
Hand-held (in thousands)
Net revenues from sales of titles for the hand-held for the year ended March 31, 2006 increased 15% from the prior fiscal year, from $138.7 million to $158.9 million. Additionally, hand-held net revenues as a percentage of publishing net revenues increased from 13% for the year ended March 31, 2005 to 14% for the year ended March 31, 2006. The increases were due to the worldwide introductions of the NDS and PSP hand-held platforms in late fiscal 2005 and the continued growth of their installed base throughout fiscal 2006, which resulted in hand-held titles being sold across more platforms. In addition, compared to the other hand-held platforms, titles for the PSP have a higher retail pricing point of $49.99. The major titles driving hand-held net revenues in fiscal 2006 were This excerpt taken from the ATVI 10-Q filed Feb 8, 2006. Madagascar, resulting
in lower associated margins.
Distribution operating income for the nine months ended December 31, 2005 increased $0.5 million over the same period last year, from $19.4 million to $19.9 million. Excluding the impact of changes in foreign currency rates, distribution operating income increased by $1.7 million or 9% for the three months ended December 31, 2005. Consistent with above, the increase is primarily due to improved profitability resulting from pulling out of certain unprofitable third party business, and an increase in business with large, mass-market customers that generate a higher percentage of sales from software.
This excerpt taken from the ATVI 10-Q filed Nov 3, 2005. Madagascar, resulting in lower associated
margins.
• Increased operating expenditures to support title releases, increased headcount to support company growth, and costs of European expansion.
Distribution operating income for the six months ended September 30, 2005 decreased $1.4 million over the same period last year, from $2.9 million to $1.5 million. This decrease is primarily due to a shift in the mix of hardware versus software sales from 11% in the first half of fiscal 2005 to 17% in the first half of fiscal 2006 due to the introduction of the PSP platform in Europe combined with the reduced volume of first party business. Hardware tends to be a lower margin business. The impact of changes in foreign currency rates did not have a material impact on distribution operating income for the six months ended September 30, 2005.
41
This excerpt taken from the ATVI 10-Q filed Aug 4, 2005. Madagascar.
Reserves for returns, price protection and bad debt increased from $69.2 million at March 31, 2005 to $76.8 million at June 30, 2005 and reserves as a percentage of gross receivables also increased from 39% to 45%. Reserves for returns and price protection are a function of the number of units and pricing of titles in retail inventory (see description of | EXCERPTS ON THIS PAGE:
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