Exhibit 12.1
ELECTRONIC ARTS INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
The following table sets forth our historical consolidated ratio of earnings to fixed charges for the periods indicated.
Six Months Ended Sept 30, | Fiscal Years Ended March 31, | |||||||||||||||||||||||
2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Earnings before provision for (benefit from) income taxes | $ | 711 | $ | 1,210 | $ | 877 | $ | 925 | $ | 7 | $ | 139 | ||||||||||||
Add: Fixed charges | 31 | 63 | 45 | 54 | 53 | 53 | ||||||||||||||||||
Total Earnings (1) | $ | 742 | $ | 1,273 | $ | 922 | $ | 979 | $ | 60 | $ | 192 | ||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest component of rental expense | $ | 9 | $ | 16 | $ | 17 | $ | 23 | $ | 23 | $ | 24 | ||||||||||||
Interest expense | 22 | 47 | 28 | 31 | 30 | 29 | ||||||||||||||||||
Total fixed charges | $ | 31 | $ | 63 | $ | 45 | $ | 54 | $ | 53 | $ | 53 | ||||||||||||
Ratio of earnings to fixed charges | 23.9 | 20.2 | 20.5 | 18.1 | 1.1 | 3.6 | ||||||||||||||||||
(1) For purposes of computing our ratio of earnings to fixed charges, earnings consist of our pre-tax income or loss from continuing operations plus fixed charges. Fixed charges consist of interest expensed, plus an estimate of the interest within rental expense. Fixed charges exclude interest associated with uncertain tax positions, which is recorded within income tax expense. |