Take-Two Interactive Software, Inc
(NASDAQ:TTWO)

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/advent...

Website: http://www.take2games.com

Founded: 1993

Full Time Employees: 5,800

Sector: Communication Services

Industry: Electronic Gaming & Multimedia

Games Entertainment

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At a glance:

Recurring Consumer Spending Remains a Key Growth Driver: Take-Two’s revenue and bookings profile is meaningfully supported by recurrent consumer spending (e.g., in-game purchases and virtual currency), which can help smooth results between major game releases.
Blockbuster Release Cadence Drives Results and Volatility: Financial performance is highly influenced by the timing and success of flagship titles and major content updates, creating potential quarter-to-quarter variability around launch cycles.
Strong Franchise Portfolio Underpins Long-Term Engagement: Core franchises such as Grand Theft Auto, NBA 2K, and Red Dead Redemption provide durable demand, opportunities for monetization via live services, and repeated re-releases/remasters.
Development and Marketing Spend Can Pressure Near-Term Profitability: Large-scale AAA development timelines and marketing investments may weigh on operating margins in the near term, particularly ahead of major releases, even if they support longer-term growth.
Digital Distribution and Live Operations Expand Monetization Options: Ongoing shift toward digital sales and live operations enables more frequent content delivery, targeted promotions, and longer game lifecycles compared with a purely boxed-product model.

Bull Thesis:

Unmatched IP Portfolio & GTA VI Catalyst: Take-Two boasts an industry-leading portfolio of highly successful and beloved franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and BioShock. The upcoming release of Grand Theft Auto VI is a monumental catalyst, expected to drive unprecedented sales and engagement, leveraging one of the most anticipated entertainment products in history.
Robust Live Services & Recurring Revenue: The company has successfully built strong recurring revenue streams through its live service offerings, particularly with GTA Online and NBA 2K's MyTeam. These ongoing content updates, seasonal passes, and microtransactions ensure sustained player engagement and consistent monetization long after initial game purchases, providing a stable revenue base.
Strategic Mobile Expansion via Zynga: The acquisition of Zynga significantly bolsters Take-Two's presence in the rapidly growing mobile gaming market. This strategic move diversifies its revenue streams, provides access to a massive global audience, and offers opportunities for cross-platform synergies and the potential to bring existing console IPs to mobile, tapping into a lucrative segment.
Strong Pricing Power & Premium Content Demand: Take-Two's reputation for delivering high-quality, immersive AAA experiences allows it to command premium pricing for its titles and in-game content. The strong brand loyalty and anticipation for its franchises ensure high demand, enabling the company to maintain strong margins and capitalize on consumers' willingness to pay for top-tier entertainment.

Bear Thesis:

High Dependency on GTA VI Success & Timelines: While GTA VI is a massive catalyst, it also represents a significant single point of failure. The immense expectations, long development cycle, and substantial investment mean that any delays, underperformance, or critical reception issues could have a disproportionately negative impact on the company's financials and stock performance for years.
Intense Competition & Rising Development Costs: The video game industry is highly competitive, with major players like Microsoft (Activision Blizzard), Sony, EA, and numerous indie studios vying for market share. Simultaneously, the cost of developing AAA titles continues to escalate, requiring massive upfront investments with no guarantee of return, putting pressure on profitability and increasing financial risk.
Regulatory Scrutiny on Monetization Practices: Take-Two's reliance on microtransactions, loot boxes, and other in-game monetization strategies, particularly in titles like NBA 2K and GTA Online, faces increasing regulatory scrutiny worldwide. Potential government intervention, stricter consumer protection laws, or public backlash could force changes to these lucrative models, impacting revenue and profitability.
Integration Challenges with Zynga: Successfully integrating Zynga's operations, culture, and technology into Take-Two's existing structure presents significant challenges. Realizing the promised synergies and achieving the expected growth from the mobile segment may be slower or more difficult than anticipated, potentially leading to write-downs or underperformance relative to the acquisition's cost.

Main Competitors:

Electronic Arts ($EA) (EA Sports FC, Madden NFL, Apex Legends), Directly competes with Take-Two in the sports simulation genre (e.g., EA Sports FC/Madden NFL vs. NBA 2K/WWE 2K), for player engagement in live-service multiplayer games (e.g., Apex Legends vs. GTA Online), and for market share in AAA game publishing across various platforms.
Microsoft (Xbox Game Studios) ($MSFT) (Call of Duty, Halo, Minecraft, Xbox consoles), Competes as a major platform holder (Xbox) and a first-party publisher of AAA titles (e.g., Call of Duty, Halo) that vie for player time and spending against Take-Two's offerings. Also competes for developer talent and market share in the broader gaming ecosystem, including subscription services like Game Pass.
Sony Interactive Entertainment ($SONY) (PlayStation consoles, God of War, Spider-Man), As a leading console manufacturer (PlayStation) and a publisher of highly acclaimed first-party exclusive titles, Sony competes for player attention, entertainment budgets, and platform loyalty. While Take-Two publishes on PlayStation, Sony's own games are direct competitors for player time.
Epic Games (Fortnite, Unreal Engine, Epic Games Store), Competes for player engagement and recurring revenue through its massively popular free-to-play live-service game, Fortnite, which draws significant player time and spending that could otherwise go to Take-Two's online experiences like GTA Online. Also competes in game distribution via the Epic Games Store.

Moat:

Take-Two Interactive's primary moat is built upon its exceptionally strong and globally recognized intellectual properties (IPs) such as Grand Theft Auto, Red Dead Redemption, and NBA 2K. These franchises boast massive, loyal fan bases and consistently deliver high-quality, critically acclaimed titles that are difficult for competitors to replicate. The recurring revenue generated from their online components (e.g., GTA Online, NBA 2K MyTeam) further strengthens this moat by fostering long-term player engagement and monetization. However, the video game industry is intensely competitive. Take-Two faces significant competition from other AAA publishers with strong IPs and large budgets, platform holders who increasingly publish their own first-party titles and offer subscription services, and live-service/free-to-play games that vie for player time and microtransaction spending. Take-Two's ongoing challenge is to innovate within its existing franchises, develop new successful IPs, and adapt to evolving player preferences and technological shifts while maintaining the high quality and immersive experiences its audience expects.

Income Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2007-07-31	2007-04-30	2007-01-31	2006-10-31	2006-07-31	2006-01-31	2005-10-31	2005-07-31	2005-04-30	2005-01-31	2004-10-31	2004-07-31	2004-04-30	2004-01-31	2003-07-31	2003-04-30	2003-01-31	2002-10-31	2002-07-31

net revenue:
game	1,640,900,000	1,382,500,000	1,473,800,000	1,243,100,000	1,233,900,000	1,216,700,000	1,260,600,000	1,208,200,000	1,128,600,000	1,096,100,000	1,266,300,000	1,231,300,000	1,218,800,000	1,019,200,000
advertising	132,900,000	121,300,000	108,700,000	116,700,000	119,200,000	121,500,000	138,800,000	158,100,000	170,600,000	188,600,000	179,900,000	176,500,000	174,700,000	83,200,000
total net revenue	1,773,800,000	1,503,800,000	1,582,500,000	1,359,800,000	1,353,100,000	1,338,200,000	1,399,400,000	1,366,300,000	1,299,200,000	1,284,700,000	1,446,200,000	1,407,800,000	1,393,500,000	1,102,400,000
yoy	31.09%	12.37%	13.08%	-0.48%	4.15%	4.16%	-3.24%	-2.95%	-6.77%	16.54%
qoq	17.95%	-4.97%	16.38%	0.50%	1.11%	-4.37%	2.42%	5.16%	1.13%	-11.17%	2.73%	1.03%	26.41%
cost of revenue	793,300,000	558,800,000	779,200,000	599,900,000	625,200,000	567,100,000	930,300,000	688,200,000	883,800,000	605,500,000	1,223,000,000	691,900,000	713,900,000	435,700,000
gross profit	980,500,000	945,000,000	803,300,000	759,900,000	727,900,000	771,100,000	469,100,000	678,100,000	415,400,000	679,200,000	223,200,000	715,900,000	679,600,000	666,700,000	531,379,000	552,873,000	401,516,000	483,631,000	559,784,000	514,645,000	408,637,000	354,621,000	364,901,000	493,036,000	389,593,000	298,990,000	280,093,000	350,254,000	257,787,000	256,617,000	261,063,000	212,857,000	197,014,000	223,647,000	599,684,000	38,136,000	45,854,000	73,115,000	81,799,000	57,126,000	55,667,000	116,456,000	47,720,000	71,846,000	180,575,000	173,851,000	42,860,000	34,206,000	127,154,000	61,669,000	72,474,000	103,103,000	83,036,000	45,882,000
yoy	34.70%	22.55%	71.24%	12.06%	75.23%	13.53%	110.17%	-5.28%	-38.88%	1.87%	-58.00%	29.49%	69.26%	37.85%	-5.07%	7.43%	-1.74%	36.38%	53.41%	4.38%	4.89%	18.61%	30.28%	40.77%	51.13%	16.51%	7.29%	64.55%	30.85%	14.74%	-56.47%	458.15%	329.65%	205.88%	633.12%	-33.24%	-17.63%	-37.22%	71.41%	-20.49%	-69.17%	-33.01%	11.34%	110.04%	42.01%	181.91%	-40.86%	-66.82%	53.13%	34.41%
qoq	3.76%	17.64%	5.71%	4.40%	-5.60%	64.38%	-30.82%	63.24%	-38.84%	204.30%	-68.82%	5.34%	1.93%	25.47%	-3.89%	37.70%	-16.98%	-13.60%	8.77%	25.94%	15.23%	-2.82%	-25.99%	26.55%	30.30%	6.75%	-20.03%	35.87%	0.46%	-1.70%	22.65%	8.04%	-11.91%	-62.71%	1472.49%	-16.83%	-37.29%	-10.62%	43.19%	2.62%	-52.20%	144.04%	-33.58%	-60.21%	3.87%	305.63%	25.30%	-73.10%	106.19%	-14.91%	-29.71%	24.17%	80.98%
gross margin %	55.28%	62.84%	50.76%	55.88%	53.79%	57.62%	33.52%	49.63%	31.97%	52.87%	15.43%	50.85%	48.77%	60.48%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
selling and marketing	536,600,000	408,800,000	402,100,000	388,900,000	461,300,000	431,400,000	447,100,000	367,600,000	334,600,000	400,900,000	429,500,000	446,700,000	444,400,000	272,100,000	141,270,000	135,286,000	136,019,000	103,854,000	106,609,000	139,906,000	113,691,000	84,779,000	79,969,000	137,068,000	149,566,000	91,821,000	77,607,000	161,322,000	94,165,000	58,306,000	47,451,000	79,513,000	76,914,000	52,214,000	187,047,000	35,223,000	28,159,000	35,024,000	37,827,000	27,585,000	41,644,000	38,072,000	32,437,000	36,275,000				22,271,000	35,902,000	20,013,000	22,461,000	21,995,000	19,561,000	15,912,000
research and development	268,000,000	261,400,000	297,800,000	240,900,000	246,700,000	219,800,000	237,500,000	232,400,000	234,300,000	244,000,000	237,300,000	238,200,000	243,200,000	172,600,000	96,108,000	116,656,000	101,508,000	92,294,000	83,559,000	86,428,000	74,216,000	73,108,000	68,718,000	82,520,000	76,197,000	68,963,000	56,588,000	62,305,000	60,565,000	50,712,000	54,128,000	49,977,000	49,999,000	42,269,000	100,619,000	11,210,000	11,936,000	14,150,000	13,046,000	17,406,000	17,709,000	16,222,000	19,736,000	13,785,000	23,417,000	11,073,000	10,529,000	8,228,000	13,429,000	7,043,000	4,761,000	1,954,000	3,821,000	1,812,000
general and administrative	225,000,000	207,000,000	230,200,000	189,600,000	253,000,000	210,500,000	173,400,000	165,000,000	179,500,000	198,200,000	222,500,000	168,900,000	214,600,000	237,100,000	148,371,000	130,706,000	127,331,000	104,447,000	98,453,000	98,624,000	91,433,000	102,173,000	82,212,000	84,531,000	76,659,000	74,833,000	75,541,000	70,638,000	67,320,000	67,735,000	60,450,000	65,951,000	60,824,000	60,603,000	97,621,000	34,703,000	40,471,000	38,614,000	37,739,000	44,260,000	38,453,000	33,794,000	32,539,000	28,705,000	28,687,000	25,451,000	24,685,000	24,050,000	24,040,000	19,372,000	16,970,000	18,997,000	16,233,000	17,390,000
depreciation and amortization	48,800,000	50,400,000	87,800,000	49,500,000	47,300,000	44,800,000	42,900,000	42,600,000	45,300,000	40,400,000	36,300,000	35,000,000	29,900,000	22,300,000	16,463,000	15,996,000	16,181,000	12,465,000	15,480,000	14,007,000	13,691,000	12,418,000	12,502,000	12,330,000	12,024,000	11,257,000	11,081,000	10,140,000	9,751,000	9,260,000	9,479,000	7,864,000	18,883,000	7,743,000	9,964,000	7,006,000	7,076,000	6,661,000	6,621,000	6,290,000	6,651,000	6,437,000	5,691,000	5,102,000	4,786,000	4,864,000	4,327,000	3,910,000	3,745,000	2,930,000	3,197,000	1,913,000	4,574,000	2,899,000
business reorganization	100,000	-4,200,000	17,100,000	23,100,000	16,800,000	49,500,000									303,000	123,000	326,000	97,000	-134,000	-377,000	239,000		-384,000	-246,000	327,000	386,000	1,214,000	-5,930,000		-242,000	1,730,000	700,000	1,713,000	10,599,000
total operating expenses	1,078,500,000	923,400,000	4,580,200,000	892,000,000	1,025,100,000	956,000,000	3,182,200,000	807,600,000	959,100,000	883,500,000	925,600,000	888,800,000	932,100,000	704,100,000	402,515,000	398,767,000	381,365,000	313,157,000	303,967,000	338,588,000	293,270,000	272,478,000	243,017,000	316,203,000	314,773,000	247,260,000	222,031,000	298,475,000	231,801,000	185,771,000	173,238,000	204,005,000	208,333,000	173,428,000	379,189,000	95,242,000	96,604,000	94,449,000	96,063,000	104,070,000	104,457,000	94,525,000	90,403,000	83,867,000	107,821,000	76,144,000	64,218,000	58,459,000	77,116,000	49,358,000	47,389,000	44,859,000	44,189,000	38,013,000
income from operations	-98,000,000	21,600,000	-3,776,900,000	-132,100,000	-297,200,000	-184,900,000	-2,713,100,000	-129,500,000	-543,700,000	-204,300,000	-702,400,000	-172,900,000	-252,500,000	-37,400,000	128,864,000	154,106,000	20,151,000	170,474,000	255,817,000	176,057,000	115,367,000	82,143,000	121,884,000	176,833,000	74,820,000	51,730,000	58,062,000	51,779,000	25,986,000	70,846,000	87,825,000	8,852,000	-11,319,000	50,219,000	220,495,000	-57,106,000	-50,750,000			-46,944,000	-48,790,000				72,754,000			-24,253,000	50,038,000	12,311,000	25,085,000	58,244,000	38,847,000	7,869,000
yoy	-67.03%	-111.68%	39.21%	2.01%	-45.34%	-9.50%	286.26%	-25.10%	115.33%	446.26%	-645.07%	-212.20%	-1353.04%	-121.94%	-49.63%	-12.47%	-82.53%	107.53%	109.89%	-0.44%	54.19%	58.79%	109.92%	241.51%	187.92%	-26.98%	-33.89%	484.94%	-329.58%	41.07%	-60.17%	-115.50%	-77.70%			21.65%	4.02%				-167.06%				45.40%			-141.64%	28.81%	56.45%
qoq	-553.70%	-100.57%	2759.12%	-55.55%	60.74%	-93.18%	1995.06%	-76.18%	166.13%	-70.91%	306.25%	-31.52%	575.13%	-129.02%	-16.38%	664.76%	-88.18%	-33.36%	45.30%	52.61%	40.45%	-32.61%	-31.07%	136.34%	44.64%	-10.91%	12.13%	99.26%	-63.32%	-19.33%	892.15%	-178.20%	-122.54%	-77.22%	-486.12%	12.52%				-3.78%								-148.47%	306.45%	-50.92%	-56.93%	49.93%	393.67%
operating margin %	-5.52%	1.44%	-238.67%	-9.71%	-21.96%	-13.82%	-193.88%	-9.48%	-41.85%	-15.90%	-48.57%	-12.28%	-18.12%	-3.39%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	NaN%	NaN%	-Infinity%	-Infinity%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest and other	-17,500,000	-35,400,000	-22,200,000	-21,000,000	-25,900,000	-24,200,000	-24,600,000	-22,500,000	-31,100,000	-25,400,000	-33,800,000	-28,300,000	-50,500,000	-29,300,000	-6,984,000	-5,629,000	-572,000	-1,027,000	-3,226,000	1,098,000	2,706,000	8,218,000	8,083,000	11,943,000	8,054,000	10,425,000	6,466,000	8,071,000	4,975,000	6,601,000	3,451,000	3,374,000	-2,969,000	-2,808,000
income before income taxes	-115,500,000	-13,800,000	-3,801,900,000	-152,900,000	-324,300,000	-212,200,000	-2,744,600,000	-152,300,000	-577,000,000	-228,900,000	-730,600,000	-200,100,000	-301,100,000	-106,300,000	121,841,000	152,139,000	19,974,000	171,444,000	253,591,000	216,446,000	117,418,000	90,361,000	124,634,000	188,776,000	82,874,000	62,155,000	64,528,000	59,850,000	30,961,000	77,447,000	91,276,000	12,226,000	-14,288,000	47,411,000	203,523,000	-56,358,000	-49,728,000			-45,745,000	-48,537,000				73,294,000			-23,605,000	50,464,000	12,936,000	25,828,000	57,397,000
provision for income taxes	18,400,000	-1,900,000	-75,700,000	-27,700,000	41,200,000	49,800,000					-120,300,000	-46,700,000	-44,100,000	-2,300,000	10,869,000	7,642,000	9,677,000	19,188,000	34,779,000	34,198,000	18,097,000	1,856,000	1,912,000	25,134,000	11,059,000	15,875,000			5,594,000	5,754,000			-11,552,000		4,877,000	2,188,000		1,076,000			-19,415,000	3,489,000			18,045,000	27,948,000		-9,029,000	18,706,000	5,287,000	10,589,000	22,568,000	8,149,750	3,402,000
net income	-133,900,000	-11,900,000	-3,726,200,000	-125,200,000	-365,500,000	-262,000,000	-2,903,000,000	-91,600,000	-543,600,000	-206,000,000	-610,300,000	-153,400,000	-257,000,000	-104,000,000	110,972,000	144,497,000	10,297,000	152,256,000	218,812,000	182,248,000	99,321,000	88,505,000	122,722,000	163,642,000	71,815,000	46,280,000	56,830,000	179,948,000	25,367,000	71,693,000	90,853,000	25,140,000	-2,736,000	60,276,000	198,646,000	-58,546,000	-51,249,000	-21,548,000	-14,015,000	-91,379,000	-29,122,000	19,192,000			55,249,000	62,631,000		-14,576,000	31,758,000	7,649,000	15,239,000	34,829,000	22,333,000	4,766,000
yoy	-63.37%	-95.46%	28.36%	36.68%	-32.76%	27.18%	375.67%	-40.29%	111.52%	98.08%	-649.96%	-206.16%	-2595.87%	-168.31%	-49.28%	-20.71%	-89.63%	72.03%	78.30%	11.37%	38.30%	91.24%	115.95%	-9.06%	183.10%	-35.45%	-37.45%	615.78%	-1027.16%	18.94%	-54.26%	-142.94%	-94.66%	-379.73%	-1517.38%	-35.93%	75.98%	-212.28%			-152.71%	-69.36%			73.97%	718.81%		-141.85%	42.20%	60.49%
qoq	1025.21%	-99.68%	2876.20%	-65.75%	39.50%	-90.97%	3069.21%	-83.15%	163.88%	-66.25%	297.85%	-40.31%	147.12%	-193.72%	-23.20%	1303.29%	-93.24%	-30.42%	20.06%	83.49%	12.22%	-27.88%	-25.01%	127.87%	55.18%	-18.56%	-68.42%	609.38%	-64.62%	-21.09%	261.39%	-1018.86%	-104.54%	-69.66%	-439.30%	14.24%	137.84%	53.75%	-84.66%	213.78%	-251.74%				-11.79%			-145.90%	315.19%	-49.81%	-56.25%	55.95%	368.59%
net income margin %	-7.55%	-0.79%	-235.46%	-9.21%	-27.01%	-19.58%	-207.45%	-6.70%	-41.84%	-16.03%	-42.20%	-10.90%	-18.44%	-9.43%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
loss per share:
basic and diluted loss per share	-0.73	-0.07	-21.27	-0.71	-2.08	-1.52	-1.238	-0.54	-3.2	-1.22																									-0.458	-0.81	-0.71	-0.3
goodwill impairment							2,176,700,000		165,400,000
gain on fair value adjustments			-1,025,000	200,000		-3,100,000	-6,900,000	-300,000	-2,200,000	800,000	5,600,000	1,100,000	1,900,000	-39,600,000
loss on fair value adjustments					-1,200,000
benefit from income taxes							29,250,000	60,700,000	33,400,000	22,900,000																	27,187,500	120,098,000			-9,332,750	-12,914,000		12,865,000
earnings per share:
basic earnings per share											-3.76	-0.91	-1.54	-0.76	0.96	1.25	0.09	1.32	1.91	1.58	0.87	0.78	1.09	1.44	0.63	0.41	0.51	1.59	0.22	0.63	0.81	0.22	-0.03	0.57
diluted earnings per share											-3.76	-0.91	-1.54	-0.76	0.95	1.24	0.09	1.3	1.89	1.57	0.86	0.77	1.07	1.43	0.63	0.41	0.49	1.57	0.22	0.62	0.8	0.21	-0.03	0.56
net revenue															930,004,000	903,252,000	858,198,000	813,346,000	839,431,000	860,889,000	841,142,000	831,310,000	760,541,000	930,129,000	857,841,000	540,459,000	539,007,000	1,248,738,000	492,667,000	387,982,000	450,274,000	480,840,000	443,562,000	418,216,000	1,090,557,000	206,415,000	205,436,000	277,340,000	266,556,000	241,181,000
cost of goods sold															398,625,000	350,379,000	456,682,000	329,715,000	279,647,000	346,244,000	432,505,000	476,689,000	395,640,000	437,093,000	468,248,000	241,469,000	258,914,000	898,484,000	234,880,000	131,365,000	189,211,000	267,983,000	246,548,000	194,569,000	490,873,000	168,279,000
gain on long-term investments															-39,000	3,662,000	395,000	1,997,000	1,000,000	39,291,000
loss on long-term investments																					655,000
business reorganization and related																																			4,015,500	7,100,000	8,962,000
impairment of long-lived assets
interest income and other																																			658,000	748,000
basic and diluted weighted-average shares outstanding																																				72,075	71,736	71,360
cost of goods sold:
product costs																																					105,679,000	164,143,000	131,723,000	115,245,000	160,853,000	139,863,000	92,525,000	123,504,000	237,485,000	189,578,000	101,156,000	104,573,000	224,378,000	81,642,000	98,914,000	156,700,000	106,237,000	62,209,000
software development costs and royalties																																					53,903,000
total cost of goods sold																																					159,582,000	204,225,000	184,757,000	184,055,000	209,314,000
interest income																																					1,022,000	862,000	1,228,000	1,199,000	253,000	750,000	1,261,000	1,164,000	540,000	401,000	530,000	648,000	426,000
provision (benefit) for income taxes																																					1,521,000
royalties																																						27,713,000	35,244,000	56,443,000	32,867,000	36,495,000	25,608,000	21,938,000	80,209,000	66,459,000	14,600,000	13,016,000	19,998,000	10,434,000	19,460,000	20,168,000	26,880,000	12,245,000
software development costs																																						12,369,000	17,790,000	12,367,000	15,594,000	15,340,000	4,046,000	4,780,000	4,205,000	8,125,000	2,242,000	1,573,000	3,982,000	1,842,000	3,365,000	2,955,000
impairment of goodwill and long-lived assets																																							830,000	8,529,000
income taxes																																								45,634,000
earnings per share:
basic																																							-0.19	-1.29
diluted																																							-0.19	-1.29
weighted-average shares outstanding:
basic																																							71,012	71,095
diluted																																							71,012	71,095
net revenues																																									264,981,000
operating expenses
per share data:
basic:
weighted-average common shares outstanding																																									71,429	69,859		70,112		44,736		44,594	44,386			36,724
net income per share																																									-0.41	0.28			1.21	1.4		-0.33	0.72	0.18	0.37	0.95
diluted:
net sales																																										223,610,250	169,899,000	222,068,000	502,474,000	438,013,000	160,858,000	153,368,000	375,512,000	155,587,000	194,213,000	282,926,000	218,259,000	122,461,000
cost of sales
total cost of sales																																										148,575,000	122,179,000	150,222,000	321,899,000	264,162,000	117,998,000	119,162,000	248,358,000	93,918,000	121,739,000	179,823,000	135,223,000	76,579,000
income (loss) from operations																																										4,512,500				1,106,750
income (loss) before income taxes																																										5,253,750				1,507,750
weighted average common shares outstanding																																											70,556		45,686		44,840			42,266	41,262		38,030
gain on internet investments																																																				-127,000
total non-operating income																																														401,000	530,000	648,000	426,000
interest expense																																																		-625,000		974,000	-248,000	-299,000
class action settlement costs
total non-operating expenses																																																		-625,000			-270,000	-299,000
total non-operating (income) expenses																																																				847,000
capitalized software development costs																																																					1,504,500	2,125,000
gain on sale of subsidiary
(gain) loss on internet investments																																																					-22,000
income before income taxes, extraordinary loss and cumulative effect of change in accounting principle																																																					20,457,750	8,168,000
income before extraordinary loss and cumulative effect of change in accounting principle																																																					12,308,000	4,766,000
extraordinary loss on early extinguishment of debt, net of taxes of 1,217
cumulative effect of change in accounting principle, net of taxes of 3,558
income before extraordinary loss and cumulative effect of change in accounting principle per share
extraordinary loss per share
cumulative effect of change in accounting principle per share

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2007-07-31	2007-04-30	2007-01-31	2006-10-31	2006-07-31	2006-01-31	2005-10-31	2005-07-31	2005-04-30	2005-01-31	2004-10-31	2004-07-31	2004-04-30	2004-01-31	2003-07-31	2003-04-30	2003-01-31	2002-10-31	2002-07-31

assets
current assets:
cash and cash equivalents	1,869,100,000	2,025,000,000	1,456,100,000	1,206,800,000	876,100,000	1,081,100,000	754,000,000	898,700,000	756,800,000	775,800,000	827,400,000	860,900,000	956,400,000	847,400,000	1,732,047,000	986,741,000	856,901,000	1,400,876,000	1,422,884,000	1,649,832,000	1,345,099,000	1,404,124,000	1,357,664,000	1,284,861,000	762,032,000	984,625,000	826,525,000	1,054,911,000	462,347,000	464,804,000	808,973,000	774,455,000	749,626,000	828,112,000	943,396,000	61,625,000	108,516,000	138,151,000	132,480,000	179,130,000	142,897,000	107,195,000	195,355,000	210,241,000		155,095,000	197,951,000	261,333,000	254,153,000	225,859,000	188,350,000	164,085,000	108,369,000	73,898,000
short-term investments	246,400,000	10,100,000	9,400,000	3,300,000	3,500,000	15,400,000	22,000,000	23,500,000	45,100,000	109,200,000	187,000,000	268,600,000	348,000,000	459,200,000	820,060,000	1,479,013,000	1,440,631,000	1,135,188,000	1,308,692,000	772,683,000	1,040,786,000	880,825,000	644,003,000	699,269,000	742,613,000	557,653,000	744,485,000	545,734,000	562,952,000	637,456,000	615,406,000	547,329,000	513,516,000	452,949,000	448,932,000
restricted cash and cash equivalents	14,200,000	14,500,000	14,900,000	14,900,000	357,500,000	306,100,000	252,100,000	184,600,000	424,400,000	381,300,000	307,600,000	331,500,000	591,700,000	534,800,000	359,832,000	267,010,000	754,368,000	653,069,000	538,822,000	764,419,000	450,145,000	467,622,000	546,604,000	457,573,000	668,371,000
accounts receivable	1,165,400,000	657,700,000	771,100,000	662,300,000	858,900,000	594,200,000	679,700,000	666,300,000	814,500,000	622,200,000	763,200,000	711,100,000	831,400,000	633,700,000	579,433,000	647,907,000	804,468,000	487,171,000	552,762,000	581,136,000	787,818,000	685,169,000	592,555,000	647,460,000	858,597,000	352,625,000	395,729,000	823,482,000	534,633,000	239,736,000	247,649,000	425,931,000	429,019,000	229,197,000	219,558,000	100,427,000	70,406,000	79,107,000	143,199,000	98,027,000	84,282,000			127,278,000				68,601,000	145,464,000
software development costs and licenses	79,600,000	61,100,000	80,800,000	67,400,000	96,900,000	62,700,000	88,300,000	69,900,000	94,500,000	34,400,000	65,900,000	68,100,000	89,000,000	63,800,000	81,394,000	47,576,000	54,540,000	14,620,000	43,443,000	48,784,000	73,714,000	31,714,000	40,316,000	59,802,000	62,328,000	18,070,000	28,880,000	33,542,000	36,912,000	12,676,000	33,284,000	39,369,000	41,983,000	20,181,000	41,721,000	126,750,000	117,632,000	97,839,000
contract assets	84,500,000	84,200,000	80,800,000	77,100,000	79,400,000	80,700,000	85,000,000	88,700,000	82,500,000	79,900,000	79,900,000	84,400,000	87,600,000	101,300,000
prepaid expenses and other	355,700,000	427,600,000	402,800,000	369,500,000	433,400,000	418,800,000	378,600,000	286,800,000	319,000,000	252,200,000	277,100,000	282,100,000	347,000,000	255,700,000	272,724,000	249,719,000	307,370,000	300,377,000	320,646,000	296,518,000	192,192,000	183,712,000	273,503,000	228,567,000	218,673,000	220,324,000	186,688,000	179,454,000	162,647,000	180,512,000	133,454,000	90,865,000	100,704,000	84,823,000	59,593,000	32,223,000	34,712,000	23,241,000	28,060,000	25,968,000
total current assets	3,814,900,000	3,280,200,000	2,815,900,000	2,401,300,000	2,705,700,000	2,559,000,000	2,259,700,000	2,218,500,000	2,536,800,000	2,255,000,000	2,508,100,000	2,606,700,000	3,251,100,000	3,036,000,000	3,871,088,000	3,705,013,000	4,243,458,000	4,013,612,000	4,220,515,000	4,159,959,000	3,932,098,000	3,686,933,000	3,493,351,000	3,435,037,000	3,388,333,000	2,821,079,000	2,827,835,000	2,974,773,000	2,191,736,000	2,074,347,000	2,409,177,000	2,447,724,000	2,455,515,000	2,113,136,000	2,195,242,000	435,961,000	451,204,000	460,006,000	544,873,000	530,982,000	514,006,000	613,242,000	526,045,000	596,442,000		704,941,000	480,163,000	500,530,000	566,268,000	416,780,000	393,477,000	393,745,000	329,885,000	245,781,000
fixed assets	424,100,000	436,700,000	443,800,000	426,000,000	433,500,000	422,000,000	411,100,000	400,400,000	392,000,000	405,900,000	402,800,000	360,600,000	333,800,000	300,200,000	242,039,000	235,957,000	231,230,000	224,880,000	149,364,000	135,257,000	133,404,000	128,904,000	131,888,000	127,417,000	129,168,000	126,393,000	127,882,000	114,672,000	110,900,000	105,852,000	102,478,000	96,570,000	86,689,000	76,613,000	67,300,000	46,223,000	48,784,000	49,673,000	47,496,000	46,482,000	48,215,000	48,617,000	46,644,000	43,075,000		34,291,000	30,589,000	25,691,000	23,839,000	20,078,000	18,432,000	16,707,000	15,319,000	15,091,000
right-of-use assets	334,200,000	327,400,000	326,100,000	325,300,000	336,600,000	344,000,000	325,700,000	316,600,000	312,800,000	291,700,000	282,700,000	319,900,000	298,300,000	306,800,000	217,206,000	212,491,000	208,751,000	163,464,000	164,763,000	161,750,000	156,310,000	158,018,000	154,284,000	153,053,000	119,313,000	124,859,000
software development costs and licenses, net of current portion	2,101,800,000	2,084,600,000	1,892,600,000	1,904,500,000	1,731,200,000	1,606,000,000	1,446,500,000	1,444,300,000	1,270,700,000	1,189,000,000	1,072,200,000	1,035,900,000	907,800,000	828,300,000	755,888,000	737,935,000	621,470,000	607,207,000	490,892,000	436,702,000	403,390,000	409,962,000	401,778,000	440,752,000	527,622,000	633,597,000	603,436,000	597,497,000	794,120,000	719,870,000	639,369,000	586,866,000	595,076,000	462,877,000	381,910,000	33,088,000	37,880,000	39,636,000
goodwill	1,064,100,000	1,065,600,000	1,057,300,000	4,602,600,000	4,648,700,000	4,706,800,000	4,426,400,000	6,614,200,000	6,600,300,000	6,769,300,000	6,767,100,000	6,788,200,000	6,871,500,000	7,227,200,000	674,554,000	679,997,000	662,585,000	645,591,000	535,306,000	534,535,000	521,000,000	389,825,000	386,494,000	391,815,000	383,778,000	391,404,000	381,717,000	383,110,000	389,816,000	387,328,000	399,530,000	389,728,000	381,359,000	369,622,000	359,115,000	193,091,000	190,693,000	188,179,000	187,681,000	186,881,000	190,851,000	179,893,000	175,316,000	166,417,000		135,477,000	123,703,000	123,755,000	119,619,000	101,095,000	99,831,000	97,538,000	61,529,000	56,033,000
other intangibles	2,014,800,000	2,167,100,000	2,336,000,000	2,686,200,000	2,896,500,000	3,005,900,000	3,060,600,000	3,546,900,000	3,776,300,000	4,206,700,000	4,453,200,000	5,222,600,000	5,362,900,000	5,454,600,000	266,475,000	274,297,000	288,090,000	305,707,000	121,591,000	117,618,000	126,392,000	46,746,000	51,260,000	56,596,000	61,159,000	68,008,000	73,115,000	79,903,000	87,318,000	91,954,000	103,681,000	108,112,000	116,527,000	133,330,000	110,262,000	33,409,000	34,845,000	41,448,000	43,248,000	46,063,000
long-term restricted cash and cash equivalents	77,700,000	76,700,000	88,200,000	87,200,000	86,000,000	84,700,000	95,900,000	106,500,000	105,000,000	103,600,000	99,600,000	109,900,000	109,300,000	108,900,000	103,452,000	103,445,000	103,437,000	103,433,000	98,541,000	98,538,000	289,536,000	289,526,000	89,124,000
other assets	248,700,000	245,900,000	220,800,000	246,800,000	237,100,000	216,200,000	189,100,000	241,200,000	201,200,000	266,000,000	231,600,000	313,700,000	242,300,000	376,300,000	341,716,000	331,097,000	185,016,000	171,978,000	157,040,000	194,428,000	156,332,000	138,435,000	123,977,000	163,220,000	95,092,000	91,378,000	93,320,000	83,170,000	80,810,000	75,917,000	56,887,000	53,610,000	50,394,000	46,971,000	35,325,000	16,541,000	12,173,000	14,544,000	14,154,000	13,155,000	4,204,000	5,020,000	1,875,000	2,061,000		1,714,000	413,000	451,000	489,000	565,000	190,000	228,000	266,000
total assets	10,080,300,000	9,684,200,000	9,180,700,000	12,679,900,000	13,075,300,000	12,944,600,000	12,216,900,000	14,895,700,000	15,207,400,000	15,525,300,000	15,862,100,000	16,881,400,000	17,492,900,000	17,744,900,000	6,546,219,000	6,357,953,000	6,619,031,000	6,314,255,000	6,028,218,000	5,966,099,000	5,836,154,000	5,369,241,000	4,948,832,000	4,879,633,000	4,815,111,000	4,366,222,000	4,243,065,000	4,387,160,000	3,655,189,000	3,456,004,000	3,737,841,000	3,682,610,000	3,696,380,000	3,219,570,000	3,149,154,000	758,313,000	775,579,000	793,486,000	868,806,000	855,068,000	868,653,000	932,876,000	882,222,000	924,221,000		950,513,000	697,579,000	714,536,000	773,002,000	608,557,000	580,978,000	577,137,000	492,960,000	406,409,000
liabilities and stockholders' equity
current liabilities:
accounts payable	213,500,000	193,400,000	194,700,000	144,800,000	177,100,000	170,300,000	195,900,000	151,800,000	131,800,000	127,500,000	140,100,000	151,600,000	162,800,000	199,900,000	125,882,000	100,720,000	83,401,000	67,136,000	71,001,000	100,159,000	85,103,000	56,410,000	65,684,000	82,491,000	114,946,000	55,379,000	72,797,000	74,615,000	77,298,000	33,767,000	35,029,000	45,998,000	75,810,000	36,934,000	31,892,000	93,305,000	77,818,000	61,819,000	123,947,000	80,081,000	79,887,000	133,353,000	76,839,000	90,524,000		163,961,000	63,275,000	70,978,000	107,935,000	56,105,000	63,902,000	55,997,000	79,660,000	47,976,000
accrued expenses and other current liabilities	1,227,000,000	994,300,000	1,127,600,000	999,700,000	1,300,300,000	1,067,700,000	1,062,600,000	1,022,200,000	1,316,200,000	1,186,300,000	1,225,700,000	1,313,300,000	1,733,900,000	1,601,700,000	1,074,891,000	1,026,246,000	1,499,898,000	1,242,312,000	1,204,090,000	1,219,614,000	1,148,617,000	1,136,628,000	1,169,884,000	1,147,918,000	1,251,196,000	1,038,748,000	1,035,695,000	1,206,332,000	853,467,000	906,881,000	914,748,000	907,345,000	952,568,000	809,685,000	750,875,000	134,567,000	132,408,000	140,391,000	139,599,000	165,972,000	93,694,000	90,702,000	102,428,000	84,982,000		128,530,000	65,857,000	64,551,000	67,199,000	46,311,000	49,527,000	76,561,000	51,074,000	37,005,000
deferred revenue	1,250,500,000	1,018,100,000	1,083,500,000	1,091,900,000	1,064,900,000	945,300,000	1,059,500,000	1,081,200,000	1,117,500,000	991,500,000	1,078,800,000	1,136,400,000	1,164,700,000	1,079,700,000	865,270,000	910,899,000	951,612,000	824,520,000	928,029,000	991,476,000	1,063,064,000	928,100,000	777,784,000	841,814,000	901,813,000	826,085,000	843,302,000	818,411,000	559,024,000	450,568,000	777,152,000	1,118,774,000	822,126,000	619,439,000	903,125,000	12,605,000	36,678,000	50,000,000	50,000,000	50,000,000
lease liabilities	66,500,000	61,300,000	61,500,000	59,100,000	59,000,000	64,100,000	63,800,000	64,000,000	61,500,000	60,600,000	60,200,000	58,500,000	55,600,000	55,400,000	38,921,000	34,480,000	31,962,000	31,361,000	31,595,000	30,540,000	29,051,000	27,602,000	25,187,000	24,108,000	22,273,000	21,794,000
short-term debt	549,300,000	549,000,000	1,148,500,000	599,600,000	599,200,000	598,900,000	24,600,000	373,200,000	373,100,000	372,100,000	1,346,800,000	350,000,000	350,000,000	350,000,000
total current liabilities	3,306,800,000	2,816,100,000	3,615,800,000	2,895,100,000	3,200,500,000	2,846,300,000	2,406,400,000	2,692,400,000	3,000,100,000	2,738,000,000	3,851,600,000	3,009,800,000	3,467,000,000	3,286,700,000	2,104,964,000	2,072,345,000	2,566,873,000	2,165,329,000	2,234,715,000	2,341,789,000	2,325,835,000	2,148,740,000	2,038,539,000	2,096,331,000	2,290,228,000	1,942,006,000	1,951,794,000	2,099,358,000	1,489,789,000	1,391,216,000	1,726,929,000	2,072,117,000	1,850,504,000	1,466,058,000	1,685,892,000	240,477,000	246,904,000	202,210,000	263,546,000	246,053,000	180,282,000	234,275,000	186,719,000	184,264,000		309,810,000	129,299,000	138,347,000	186,087,000	117,975,000	129,653,000	150,406,000	132,432,000	96,341,000
long-term debt	2,517,300,000	2,516,100,000	2,512,600,000	3,058,300,000	3,055,900,000	3,054,400,000	3,058,300,000	2,708,200,000	2,707,100,000	2,704,700,000	1,733,000,000	2,735,500,000	2,935,500,000	2,935,500,000																5,232,000	8,068,000	13,838,000	52,369,000	212,864,000	251,929,000
non-current deferred revenue	17,600,000	21,600,000	25,400,000	33,900,000	34,700,000	38,200,000	42,900,000	61,300,000	60,600,000	35,500,000	35,500,000	31,000,000	29,100,000	21,500,000	70,911,000	68,218,000	51,531,000	51,318,000	37,302,000	31,813,000	32,880,000	32,851,000	28,339,000	32,962,000	25,378,000	22,097,000	21,058,000	69,137,000	15,407,000	15,861,000	355,589,000	44,501,000	167,070,000	231,526,000	10,406,000
non-current lease liabilities	378,600,000	380,500,000	383,300,000	386,700,000	398,300,000	404,900,000	387,300,000	380,700,000	373,000,000	354,700,000	347,000,000	354,200,000	329,900,000	341,200,000	211,297,000	209,646,000	207,437,000	156,951,000	159,671,000	156,835,000	150,793,000	153,506,000	152,059,000	151,400,000	118,789,000	125,128,000
non-current software development royalties	82,300,000	80,700,000	93,600,000	92,400,000	91,200,000	90,000,000	102,100,000	100,800,000	99,600,000	98,800,000	110,200,000	121,200,000	119,300,000	117,400,000	115,527,000	113,991,000	112,459,000	111,652,000	110,127,000	108,667,000	302,435,000	300,970,000
deferred tax liabilities	222,700,000	258,300,000	259,600,000	272,000,000	281,900,000	311,100,000	340,900,000	223,000,000	278,500,000	422,000,000	534,000,000	711,300,000	871,500,000	1,093,100,000
other long-term liabilities	123,100,000	130,000,000	152,700,000	239,600,000	214,300,000	208,200,000	211,100,000	220,700,000	258,400,000	231,400,000	208,300,000	368,000,000	307,100,000	287,200,000	233,861,000	228,016,000	211,063,000	197,698,000	154,511,000	171,704,000	122,929,000	82,146,000	190,651,000	196,905,000	198,953,000	190,664,000	229,633,000	191,198,000	205,554,000	191,490,000	158,285,000	151,334,000	153,991,000	209,367,000	197,199,000	4,310,000	6,437,000	5,918,000	4,868,000	3,988,000	1,070,000	2,467,000	2,933,000	2,741,000
total liabilities	6,648,400,000	6,203,300,000	7,043,000,000	6,978,000,000	7,276,800,000	6,953,100,000	6,549,000,000	6,387,100,000	6,777,300,000	6,585,100,000	6,819,600,000	7,331,000,000	8,059,400,000	8,082,600,000	2,736,560,000	2,692,216,000	3,149,363,000	2,682,948,000	2,696,326,000	2,810,808,000	2,934,872,000	2,718,213,000	2,409,588,000	2,477,598,000	2,633,348,000	2,279,895,000	2,202,485,000	2,359,693,000	1,710,750,000	1,603,799,000	2,248,871,000	2,281,790,000	2,223,934,000	2,119,815,000	2,145,426,000	305,787,000	278,341,000	258,128,000	318,414,000	300,041,000	181,352,000	236,742,000	202,602,000	198,031,000		315,043,000	137,785,000	146,862,000	194,629,000	124,252,000	135,956,000	154,465,000	136,518,000	96,570,000
commitments and contingencies
stockholders' equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	2,100,000	2,100,000	2,000,000	2,000,000	2,000,000	2,000,000	1,900,000	1,900,000	1,900,000	1,900,000	1,900,000	1,900,000	1,900,000	1,900,000	1,390,000	1,391,000	1,390,000		1,376,000				1,359,000
additional paid-in capital	11,707,000,000	11,584,100,000	10,312,000,000	10,196,300,000	10,063,400,000	9,962,500,000	9,371,600,000	9,286,900,000	9,183,200,000	9,087,000,000	9,010,200,000	8,928,700,000	8,760,500,000	8,616,500,000	2,597,205,000	2,541,492,000	2,475,085,000	2,417,658,000	2,288,781,000	2,327,913,000	2,285,394,000	2,151,774,000	2,134,748,000	2,100,373,000	2,059,720,000	2,025,626,000	2,019,369,000	1,976,853,000	1,951,128,000	1,888,080,000	1,888,039,000	1,861,424,000	1,845,450,000	1,479,143,000	1,452,754,000	505,293,000	494,934,000	487,516,000	482,104,000	473,695,000	426,628,000	418,053,000	442,918,000	436,714,000		382,156,000	372,034,000	365,563,000	359,158,000	327,410,000	295,245,000	286,277,000	273,502,000	251,346,000
treasury stock	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,600,000	-1,020,584,000	-1,020,584,000	-1,020,584,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-820,572,000	-720,572,000	-611,680,000	-611,680,000	-458,180,000	-413,524,000	-303,388,000	-303,388,000	-303,388,000								-23,309,000
accumulated deficit	-7,204,600,000	-7,070,700,000		-3,332,600,000	-3,207,400,000	-2,841,900,000																										-17,311,000	-42,451,000	-39,648,000	-99,694,000
accumulated other comprehensive loss	-52,000,000	-14,000,000	-96,900,000	-143,200,000	-38,900,000	-110,500,000	-105,100,000	-82,700,000	-149,100,000	-86,400,000	-113,300,000	-134,200,000	-236,300,000	-120,500,000	-57,345,000	-34,583,000	-19,747,000	-2,770,000	-8,664,000	-5,584,000	-34,824,000	-52,131,000	-58,376,000	-38,487,000	-54,462,000	-43,988,000	-37,189,000	-50,954,000	-37,199,000	-41,015,000	-15,732,000	-31,095,000	-28,472,000	-37,582,000	-47,142,000															-1,530,000		-2,281,000	-5,041,000	-6,913,000
total stockholders' equity	3,431,900,000	3,480,900,000	2,137,700,000	5,701,900,000	5,798,500,000	5,991,500,000	5,667,900,000	8,508,600,000	8,430,100,000	8,940,200,000	9,042,500,000	9,550,400,000	9,433,500,000	9,662,300,000	3,809,659,000	3,665,737,000	3,469,668,000		3,331,892,000	3,155,291,000	2,901,282,000	2,651,028,000	2,539,244,000	2,402,035,000	2,181,763,000	2,086,327,000	2,040,580,000	2,027,467,000	1,944,439,000	1,852,205,000	1,488,970,000	1,400,820,000	1,472,446,000	1,099,755,000	1,003,728,000
total liabilities and stockholders' equity	10,080,300,000	9,684,200,000	9,180,700,000	12,679,900,000	13,075,300,000	12,944,600,000	12,216,900,000	14,895,700,000	15,207,400,000	15,525,300,000	15,862,100,000	16,881,400,000	17,492,900,000	17,744,900,000	6,546,219,000	6,357,953,000	6,619,031,000		6,028,218,000	5,966,099,000	5,836,154,000	5,369,241,000	4,948,832,000	4,879,633,000	4,815,111,000	4,366,222,000	4,243,065,000	4,387,160,000	3,655,189,000	3,456,004,000	3,737,841,000	3,682,610,000	3,696,380,000	3,219,570,000	3,149,154,000
(accumulated deficit) / retained earnings			-7,058,800,000				-2,579,900,000
deferred tax assets							1,900,000	7,100,000	12,300,000	38,100,000	44,800,000	123,900,000	115,900,000	106,600,000	73,801,000	77,721,000	74,994,000	78,383,000	90,206,000	127,312,000	117,692,000	120,892,000	116,676,000	110,831,000	110,167,000	108,979,000	134,732,000	146,216,000													10,875,000	10,943,000
retained earnings								323,100,000	414,700,000	958,300,000	1,164,300,000	1,774,600,000	1,928,000,000	2,185,000,000	2,288,993,000	2,178,021,000	2,033,524,000	2,023,227,000	1,870,971,000	1,652,159,000	1,469,911,000	1,370,590,000	1,282,085,000	1,159,363,000	995,721,000	923,906,000	877,626,000	820,796,000	640,849,000	615,482,000	73,516,000					-70,684,000	-12,138,000	39,111,000	60,659,000	74,674,000	258,755,000	287,877,000	268,685,000	297,465,000		250,402,000	187,771,000	202,206,000	216,782,000	161,154,000	153,505,000	138,266,000	87,804,000	65,471,000
capped call receivable														140,100,000
inventory															13,224,000	11,678,000	12,579,000	11,491,000	17,742,000	26,733,000	26,934,000	19,486,000	19,108,000	24,426,000	39,293,000	23,847,000	28,200,000	39,786,000	40,541,000	10,642,000	15,162,000	30,857,000	36,431,000	11,636,000	16,323,000	75,790,000	80,228,000	82,194,000	95,520,000	83,221,000
deferred cost of goods sold															12,374,000	15,369,000	12,601,000	10,820,000	15,524,000	19,854,000	15,410,000	14,281,000	19,598,000	33,079,000	36,426,000	36,565,000	51,867,000	57,280,000	20,957,000	19,141,000	117,851,000	164,112,000	115,135,000	79,902,000	127,901,000
liabilities and equity
equity:
take-two interactive software, inc. stockholders' equity
preferred stock, .01 par value...
common stock, .01 par value...																		1,389,000		1,375,000	1,373,000	1,367,000		1,358,000	1,356,000	1,355,000	1,346,000	1,344,000	1,341,000	1,338,000	1,327,000	1,326,000	1,307,000	1,230,000	1,198,000	740,000	730,000	728,000	727,000	726,000
total take-two interactive software, inc. stockholders' equity																		3,618,932,000
non-controlling interest																		12,375,000
total equity																		3,631,307,000
total liabilities and equity																		6,314,255,000
deferred cost of goods sold, net of current portion																								912,000	479,000	525,000	1,028,000	7,819,000	489,000	736,000	26,719,000		10,820,000	17,021,000
restricted cash																										627,370,000	565,461,000	240,584,000	370,747,000	509,380,000	437,398,000	374,806,000	469,101,000	406,336,000	337,818,000
prepaid taxes and taxes receivable																																				39,146,000	39,710,000	39,474,000	60,407,000	68,732,000	60,864,000
liabilities and stockholders’ equity
line of credit																																				11,000,000
stockholders’ equity:
accumulated other comprehensive income																																				17,177,000	13,712,000	8,003,000	6,902,000	5,932,000	1,203,000	686,000	-1,061,000	4,631,000		6,354,000	2,183,000	1,011,000	3,044,000
total stockholders’ equity																																				452,526,000	497,238,000	535,358,000	550,392,000	555,027,000	687,301,000	696,134,000	679,620,000	726,190,000		635,470,000	559,794,000	567,674,000	578,373,000	484,305,000	445,022,000	422,672,000	356,442,000	309,839,000
total liabilities and stockholders’ equity																																				758,313,000	775,579,000	793,486,000	868,806,000	855,068,000	868,653,000	932,876,000	882,222,000	924,221,000		950,513,000	697,579,000	714,536,000	773,002,000	608,557,000	580,978,000	577,137,000	492,960,000	406,409,000
software development costs																																							79,248,000	69,997,000	77,529,000	88,826,000	51,423,000	50,802,000
licenses																																							5,959,000	5,907,000	6,717,000	7,651,000	6,787,000	5,981,000
software development costs, net of current portion																																							29,547,000	30,057,000	40,401,000	19,602,000	61,365,000	47,423,000
licenses, net of current portion																																							1,807,000	1,448,000	4,417,000	2,330,000	2,146,000	2,650,000
deferred compensation																																											-8,329,000				-2,644,000	-1,554,000	-1,057,000	-3,162,000			-227,000	-455,000
current assets
inventories																																									107,413,000	136,227,000	104,414,000	116,568,000		154,345,000	96,882,000	100,038,000	110,879,000	73,902,000	71,342,000	76,604,000	74,391,000	49,591,000
prepaid expenses and other current assets																																									23,429,000	64,332,000	94,645,000	73,871,000		60,018,000	56,909,000	38,894,000	30,732,000	30,055,000	15,614,000	16,845,000	19,569,000	21,195,000
intangibles																																									60,481,000	58,666,000	62,612,000	59,934,000		36,104,000	33,586,000	36,650,000	39,482,000	39,888,000		45,873,000	55,293,000	58,594,000
current liabilities
income taxes payable																																									6,701,000	10,220,000	7,452,000	8,758,000		17,319,000	167,000	2,706,000	10,841,000	15,458,000	16,124,000	17,751,000	1,603,000	11,268,000
stockholders’ equity
common stock																																									715,000			475,000				448,000	446,000	433,000	415,000	410,000	404,000	390,000
october 31, 2005 and 2004, respectively																																										198,068,000
70,667,421 and 68,159,477 shares issued and outstanding at october 31, 2005 and 2004, respectively																																										707,000
accounts receivable, net of allowances of 81,720 and 72,215 at july 31, 2005 and october 31, 2004, respectively																																											61,735,000
deferred tax asset																																											11,686,000	11,701,000		11,554,000	8,333,000	8,333,000	8,333,000	5,392,000	5,392,000	5,392,000	5,392,000	17,790,000
deferred tax liability																																											12,950,000	11,026,000		5,233,000	8,486,000	8,486,000	8,486,000	6,178,000	6,178,000	3,885,000	3,885,000
common stock, par value .01 per share; 100,000,000 shares authorized; 71,589,309 and 68,159,477 shares issued and outstanding at july 31, 2005 and october 31, 2004, respectively																																											716,000
prepaid royalties																																														38,220,000	40,602,000	23,331,000	16,707,000	15,576,000	12,566,000	10,040,000	13,723,000	18,100,000
capitalized software development costs																																														27,785,000	25,792,000	20,782,000	16,282,000	13,986,000	11,780,000	10,628,000	10,385,000	9,994,000
long-term deferred tax asset																																														6,219,000
current portion of capital lease obligation																																																112,000	112,000	101,000	100,000	97,000	95,000	92,000
capital lease obligation, net of current portion																																																29,000	56,000	99,000	125,000	174,000	201,000	229,000
accounts receivable, net of provision for doubtful accounts, returns and sales allowances of 40,500 and 29,194 at july 31, 2003 and october 31, 2002, respectively																																																		65,996,000
investments																																																					97,000	448,000
accounts receivable, net of provision for doubtful accounts, returns and sales allowances of 42,831 and 29,194 at april 30, 2003 and october 31, 2002, respectively																																																			100,213,000
intangibles, net.																																																			42,102,000
the accompanying notes are an integral part of the unaudited consolidated condensed financial statements.
accounts receivable, net of provision for doubtful accounts, returns and sales allowances of 45,559 and 27,941 at january 31, 2003 and october 31, 2002, respectively																																																				120,779,000
accounts receivable, net of provision for doubtful accounts and sales allowances of 27,941 and 26,106 at october 31, 2002 and 2001, respectively																																																					108,441,000
lines of credit, current portion
accounts receivable, net of provision for doubtful accounts and sales allowances of 26,595 and 26,106 at july 31, 2002 and october 31, 2001, respectively																																																						64,759,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2007-07-31	2007-04-30	2007-01-31	2006-10-31	2006-01-31	2005-10-31	2005-07-31	2005-04-30	2005-01-31	2004-10-31	2004-07-31	2004-04-30	2004-01-31	2003-07-31	2003-04-30	2003-01-31	2002-10-31

operating activities:
net loss	-133,900,000	-11,900,000	-3,726,200,000	-125,200,000	-365,500,000	-262,000,000		-91,600,000	-543,600,000	-206,000,000																										-58,546,000	-51,249,000	-21,548,000
adjustments to reconcile net loss to net cash from operating activities:
amortization and impairment of software development costs and licenses	145,600,000	46,100,000	152,600,000	41,600,000	53,700,000	85,900,000	140,600,000	44,000,000	39,100,000	69,000,000	120,700,000	65,900,000	34,200,000	47,500,000				24,511,000	30,871,000	20,728,000	35,223,000	57,441,000	52,102,000	43,318,000	42,007,000	30,498,000	41,054,000	139,898,000	13,411,000	6,858,000	15,652,000	23,373,000	20,656,000	18,206,000
stock-based compensation	95,900,000	40,700,000	79,600,000	82,900,000	86,200,000	75,300,000	80,600,000	85,900,000	90,400,000	78,700,000	79,300,000	86,700,000	107,900,000	43,900,000	40,429,000	46,344,000	47,146,000	49,050,000	-29,363,000	41,116,000	45,308,000	53,411,000	81,283,000	63,399,000	55,767,000	57,432,000	69,091,000	123,668,000	30,343,000	24,598,000	20,238,000	13,028,000	59,012,000	24,071,000	71,533,000	1,569,000	5,330,000	3,447,000	6,249,000
noncash lease expense	13,200,000	13,100,000	14,400,000	13,800,000	15,200,000	16,100,000	14,700,000	13,700,000	17,700,000	15,000,000	46,500,000	11,900,000	11,900,000	11,400,000
amortization and impairment of intangibles	174,700,000	174,800,000	359,200,000	189,300,000	192,100,000	182,000,000	494,000,000	248,100,000
depreciation	40,800,000	42,100,000	39,700,000	40,200,000	38,100,000	35,900,000	33,900,000	33,700,000	36,400,000	31,500,000	27,400,000	24,000,000	21,400,000	17,500,000	16,464,000	16,296,000	15,972,000	12,464,000	15,519,000	14,964,000	13,528,000	12,298,000	12,382,000	12,209,000	11,903,000	11,134,000	10,957,000	10,016,000	9,623,000	9,130,000	8,969,000	7,864,000
interest expense	37,400,000	38,900,000	43,400,000	43,500,000	43,300,000	37,100,000	37,400,000	31,800,000	34,600,000	36,800,000	29,600,000	29,500,000	28,800,000	20,700,000
fair value adjustments			2,800,000	-200,000			6,900,000	300,000	2,200,000	-800,000	-5,600,000	-1,100,000	-1,400,000	39,600,000
other	-6,400,000	16,900,000	3,700,000	15,200,000	400,000	5,500,000	-100,000	1,800,000	13,100,000	15,700,000	9,400,000	1,400,000	-12,400,000	-25,000,000	4,043,000	10,133,000	-11,735,000	13,802,000	5,604,000	2,542,000	293,000	-2,924,000	1,932,000	-2,516,000	3,004,000	1,321,000	3,866,000	-2,354,000	1,366,000	-3,103,000	2,943,000	2,238,000	10,863,000	-9,669,000
changes in assets and liabilities, net of effect from purchases of businesses:
accounts receivable	-507,900,000	114,800,000	-107,900,000	172,500,000	-261,200,000	91,600,000	-14,300,000	150,200,000	-193,500,000	141,300,000	-51,200,000	142,800,000	-199,700,000	214,900,000	67,931,000	157,056,000	-317,525,000	74,681,000	27,651,000	209,021,000	-97,631,000	-91,846,000	54,225,000	213,310,000	-507,060,000	44,041,000	427,906,000	-292,745,000	-294,591,000	61,355,000	179,086,000	3,114,000	-199,904,000	-9,294,000			292,000	37,577,000	-55,937,000
software development costs and licenses	-180,400,000	-164,600,000	-122,700,000	-206,100,000	-164,900,000	-197,900,000	-146,100,000	-156,600,000	-175,500,000	-125,200,000	-129,900,000	-110,700,000	-148,700,000	-103,500,000	-81,101,000	-113,220,000	-177,348,000	-85,887,000	-76,328,000	-17,661,000	-67,071,000	-60,219,000	-29,882,000	33,380,000	5,036,000	-56,968,000	-49,121,000	-24,702,000	-78,345,000	-54,663,000	-38,896,000	-40,364,000	-74,180,000	-71,829,000
prepaid expenses and other current and other non-current assets	30,400,000	-43,500,000		8,000,000	-26,900,000	49,000,000		-3,300,000	-30,100,000	-14,400,000		21,200,000	22,900,000	-67,600,000
deferred revenue	228,500,000	-72,300,000	-18,500,000	29,900,000	113,700,000	-118,300,000	-39,000,000	-38,100,000	152,700,000	-87,400,000	-53,800,000	-30,700,000	102,100,000	-159,500,000	-41,561,000	-22,057,000	127,332,000	-94,660,000	-55,716,000	-76,259,000	130,916,000	153,525,000	-67,211,000	-54,397,000	82,019,000	-15,871,000	-23,612,000	315,724,000	107,676,000	-95,075,000	-40,193,000	172,919,000	133,554,000	-67,883,000
accounts payable, accrued expenses and other liabilities	179,500,000	-239,800,000	-107,600,000	-310,200,000	143,100,000	-191,200,000	358,400,000	-396,900,000	29,400,000	-191,800,000	44,900,000	-487,500,000	18,700,000	18,800,000	93,732,000	-440,687,000	343,348,000	-41,998,000	-36,103,000	-67,307,000	37,863,000	144,220,000	37,672,000	-116,944,000	282,424,000	96,581,000	-92,539,000	322,025,000	1,263,000	-29,597,000	34,647,000	-82,386,000	175,191,000	71,281,000
net cash from operating activities	128,400,000	-44,700,000	279,000,000	-4,800,000	-128,400,000	-191,000,000	-8,900,000	-77,000,000	64,800,000	5,000,000	-34,700,000	-119,600,000	54,600,000	100,800,000	238,823,000	-264,518,000	135,437,000	148,242,000	124,657,000	160,916,000	181,322,000	445,423,000	245,703,000	295,817,000	35,623,000	108,535,000	453,316,000	596,234,000	-194,852,000	-11,183,000	189,862,000	203,016,000	19,697,000	-18,628,000					-41,000,000	39,459,000	-70,994,000	13,320,000					12,165,000	87,896,000			81,568,000	26,180,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0					0	0	0	0					0	0			0	0
free cash flows	128,400,000	-44,700,000	279,000,000	-4,800,000	-128,400,000	-191,000,000	-8,900,000	-77,000,000	64,800,000	5,000,000	-34,700,000	-119,600,000	54,600,000	100,800,000	238,823,000	-264,518,000	135,437,000	148,242,000	124,657,000	160,916,000	181,322,000	445,423,000	245,703,000	295,817,000	35,623,000	108,535,000	453,316,000	596,234,000	-194,852,000	-11,183,000	189,862,000	203,016,000	19,697,000	-18,628,000					-41,000,000	39,459,000	-70,994,000	13,320,000					12,165,000	87,896,000			81,568,000	26,180,000
investing activities:
change in bank time deposits	-236,300,000	-700,000	-6,100,000	200,000	11,900,000	6,600,000	-1,400,000	8,700,000	11,700,000	800,000	-23,000,000	-1,400,000	-1,200,000	125,600,000	490,886,000	-44,942,000	-310,872,000	311,893,000	-460,762,000	291,239,000	-57,213,000	-161,026,000	82,000,000	108,000,000	-126,583,000	133,303,000	-235,158,000	30,497,000	63,444,000	-29,840,000	-50,918,000	50,000,000	-15,001,000	-24,999,000
purchases of fixed assets	-31,900,000	-25,100,000	-54,100,000	-43,400,000	-36,800,000	-35,100,000	-46,200,000	-35,600,000	-28,400,000	-31,500,000	-66,500,000	-38,300,000	-56,900,000	-42,500,000	-25,250,000	-22,200,000	-24,759,000	-86,433,000	-28,716,000	-15,186,000	-16,116,000	-8,905,000	-18,594,000	-9,258,000	-15,561,000	-9,971,000	-23,323,000	-14,502,000	-14,855,000	-14,289,000	-14,079,000	-14,761,000	-16,625,000	-16,092,000
purchases of long-term investments	0	-6,600,000		-6,700,000	-3,600,000	-11,100,000		-11,000,000	-1,500,000	-5,000,000		-2,600,000	-2,500,000	-5,100,000		-5,528,000	-3,026,000	-96,000		-7,352,000	-2,200,000	-6,900,000
asset acquisitions
business acquisitions			-2,900,000	0	-200,000	9,600,000	-600,000	-4,500,000	-11,400,000	-1,600,000		-84,900,000	-28,800,000	-3,128,100,000		-25,674,000	-33,730,000	-97,887,000		-4,043,000				-3,325,000	0	-8,715,000
net cash from investing activities	-277,200,000	-36,800,000	-62,800,000	-20,700,000	-33,300,000	-34,700,000	-54,700,000	-33,800,000	22,200,000	38,100,000	-61,500,000	-24,200,000	16,700,000	-2,807,300,000	618,981,000	-95,672,000	-370,236,000	-13,857,000	-565,825,000	261,725,000	-255,159,000	-247,465,000	31,126,000	9,123,000	-202,993,000	166,793,000	-245,854,000	2,589,000	59,687,000	-39,998,000	-89,312,000	-61,040,000	-76,060,000	-45,415,000						-5,313,000							-8,114,000	-22,079,000				-5,013,000
financing activities:
tax payment related to net share settlements on restricted stock awards	-300,000	-1,300,000					-17,500,000	-19,500,000	-15,800,000	-41,300,000	-17,500,000	-12,900,000	-23,800,000	-53,900,000	-4,943,000	-5,761,000	-5,109,000	-48,261,000	-10,966,000	-12,384,000	-9,696,000	-38,506,000	-16,708,000	-9,782,000	-9,360,000	-52,118,000	-15,456,000	-21,870,000	-5,564,000	-58,403,000	-17,954,000	-8,805,000	-28,436,000	-57,689,000
issuance of common stock	0	1,219,600,000	22,300,000	31,200,000	500,000	23,300,000	1,300,000	19,300,000	0	18,800,000	43,100,000	10,900,000	0	11,400,000	-1,000	10,428,000	0	9,230,000	-1,000	7,712,000	0	6,503,000	0
payment for settlement of convertible notes			0	0	0	-8,300,000						0	0	-1,166,800,000
proceeds from issuance of debt			0	0	0	598,900,000	349,600,000	0	0	999,300,000	0	0	0	3,248,900,000
cost of debt			0	0	0	-5,400,000	-2,800,000	0	0	-7,500,000	0	0	200,000	-22,600,000
repayment of debt	0	-600,000,000					-350,000,000	0	0	-989,600,000	0
payment of contingent earn-out consideration			0	0	0	-12,000,000	0	-700,000	-34,500,000	-500,000	100,000
net cash from financing activities	-300,000	618,300,000	22,300,000	31,200,000	500,000	596,500,000	-19,400,000	-900,000	-50,300,000	-20,800,000	25,700,000	-228,900,000	116,500,000	2,017,000,000	-17,093,000	4,666,000	-205,355,000	-39,031,000	-10,967,000	-4,672,000	-9,696,000	-32,003,000	-16,708,000	733,000	-9,360,000	-52,118,000	-115,456,000	-130,762,000	-5,564,000	-211,903,000	-76,401,000	-118,941,000	-28,436,000	-57,689,000					21,000	1,095,000	-8,689,000	-9,481,000					4,780,000	2,407,000	20,919,000			11,316,000
effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents	-6,100,000	20,200,000	11,800,000	-16,400,000	8,900,000	-900,000	-4,800,000	15,300,000	-11,200,000	3,800,000	2,700,000	17,600,000	-21,500,000	-14,700,000	-2,576,000	-1,986,000	-2,518,000	1,777,000	-407,000	10,040,000	7,041,000	1,925,000
net change in cash, cash equivalents, and restricted cash and cash equivalents	-155,200,000	557,000,000	250,300,000	-10,700,000	-152,300,000	369,900,000	-87,800,000	-96,400,000	25,500,000	26,100,000	-67,800,000	-355,100,000	166,300,000	-704,200,000	838,135,000	-357,510,000	-442,672,000	97,131,000	-452,542,000	428,009,000	-76,492,000	167,880,000
cash, cash equivalents, and restricted cash and cash equivalents, beginning of year	0	1,559,200,000	0	0	0	1,102,000,000	0	0	0	1,234,600,000	100,000	0	0	2,195,300,000	0	0	0	2,060,247,000	0	0	0	1,993,392,000
cash, cash equivalents, and restricted cash and cash equivalents, end of period	-155,200,000	2,116,200,000		-10,700,000	-152,300,000	1,471,900,000		-96,400,000	25,500,000	1,260,700,000		-355,100,000	166,300,000	1,491,100,000		-357,510,000	-442,672,000	2,157,378,000		428,009,000	-76,492,000	2,161,272,000
adjustments to reconcile net income to net cash from operating activities:
goodwill impairment							2,176,700,000	0
deferred income taxes
prepaid expenses, other current and other non-current assets																																			-38,807,000	502,000	-9,281,000	25,431,000
sale and maturities of available-for-sale securities							2,900,000	13,000,000	53,000,000	78,000,000		81,800,000
divestitures			-3,300,000
proceeds from sale of long-term investments
purchase of long-term investments
settlement of capped calls											0	0
cash, cash equivalents, and restricted cash equivalents, end of year
supplemental data:
interest paid
income taxes paid
gain on debt extinguishment								0
net income											-610,300,000	-153,400,000	-257,000,000	-104,000,000	110,972,000	144,497,000	10,297,000	152,256,000	218,812,000	182,248,000	99,321,000	88,505,000	122,722,000	163,642,000	71,815,000	46,280,000	56,830,000	179,947,000	25,367,000	71,693,000	90,853,000	25,140,000	-2,736,000	60,276,000					-14,015,000	-29,122,000	19,192,000	-28,780,000	-8,186,000	55,249,000	62,631,000	-14,435,000	-14,576,000	31,758,000	7,649,000	15,239,000	50,462,000	22,333,000
purchases of available-for-sale securities															-123,736,000	-139,948,000	-190,097,000	-302,485,000	-260,662,000	-128,304,000	-247,139,000	-188,372,000	-187,996,000	-170,751,000	-112,996,000	-28,248,000	-102,964,000	-83,682,000	-51,780,000	-44,108,000	-87,402,000	-148,323,000	-101,114,000	-33,159,000
repurchase of common stock															0	0											-100,000,000	-108,892,000	0	-153,500,000	-44,656,000
proceeds from sale of long-term investment											0	0							25,000,000
amortization of intellectual property										249,600,000		301,900,000	320,600,000	117,600,000	15,311,000	15,838,000																						925,000
loss on debt extinguishment										-7,000,000
amortization and impairment of intellectual property																		15,215,000		10,205,000	6,815,000	4,986,000		5,354,000	5,067,000	5,560,000		5,513,000	5,411,000	6,861,000		9,184,000	9,105,000	8,181,000
amortization of debt issuance costs											1,800,000	1,800,000	1,900,000	8,600,000													721,000	56,000	0	32,000	24,000	72,000	294,000	188,000
proceeds from available-for-sale securities														242,800,000	285,021,000	141,520,000	192,248,000	161,151,000	182,659,000	102,899,000	142,991,000	117,738,000	157,465,000	106,099,000	54,647,000	82,424,000	140,591,000	70,276,000	62,878,000	51,388,000	68,087,000	61,445,000	65,775,000	45,705,000
business acquisitions, net of cash acquired
payment of convertible notes
loan repayment																-1,000
impairment of software development costs and licenses													3,400,000	19,900,000	4,922,000	640,000
acquisition related earn-outs
gain on long-term investments															39,000				-1,000,000
changes in assets and liabilities:
inventory															-1,823,000	774,000	-1,181,000	6,336,000	8,955,000	814,000	-7,135,000	-131,000	4,801,000	15,752,000	-16,093,000	4,029,000	11,949,000	-427,000	-29,617,000	3,692,000	16,893,000	5,745,000	-24,172,000	5,451,000	-24,672,000	4,438,000	1,966,000	13,326,000	-12,299,000
deferred cost of goods sold															3,013,000	-2,892,000	-1,832,000	4,850,000	4,305,000	-4,290,000	-645,000	5,398,000	13,578,000	3,315,000	-332,000	15,619,000	12,399,000	-44,148,000	-1,542,000	8,409,000	21,619,000	-37,957,000	-27,854,000	32,233,000
amortization of software development costs and licenses																16,778,000																							27,921,000	27,526,000	33,060,000	11,927,000
prepaid expenses and other assets																-87,964,000	-53,367,000	17,622,000		-114,617,000	-15,463,000	80,759,000		-84,005,000	66,000	-131,121,000		-136,237,000	14,783,000	-21,464,000		5,956,000	-21,890,000	-23,199,000
amortization of discount on convertible notes																											0	0	0	91,000	238,000	1,509,000	8,678,000	5,237,000
impairment of in-process research and development																															0	0
impairment of long-term investments
gain on redemption of convertible notes
asset acquisition																															0	0	-584,000	-25,381,000
effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash
net change in cash, cash equivalents, and restricted cash																								312,031,000	-181,592,000	220,009,000	96,491,000	462,401,000	-141,090,000	-272,187,000
cash, cash equivalents, and restricted cash, beginning of year																								0	0	1,391,986,000	0	0	0	1,246,371,000
cash, cash equivalents, and restricted cash, end of period																								312,031,000	-181,592,000	1,611,995,000		462,401,000	-141,090,000	974,184,000
purchase of long-term investment																									-2,500,000	-2,000,000
effects of foreign currency exchange rates on cash and cash equivalents																									-4,862,000	-3,201,000		-5,660,000	-361,000	-9,103,000	10,369,000	1,794,000	6,313,000	6,448,000
excess tax benefit from stock-based compensation
cash, cash equivalents, and restricted cash, end of year
gain on conversions of convertible notes																																-714,000	-3,038,000	-1,103,000
changes in assets and liabilities, net of impact of adoption of topic 606:
business acquisition																												0	0	-3,149,000
restricted cash																															-62,592,000	94,295,000	-62,765,000	-68,518,000
net change in cash and cash equivalents																															34,518,000	24,829,000	-78,486,000	-115,284,000
cash and cash equivalents, beginning of year																															0	0	0	943,396,000	666,262,000	0	0	132,480,000	0
cash and cash equivalents, end of year
cash and cash equivalents, end of period																																24,829,000	-78,486,000	828,112,000		-46,891,000	-29,635,000	138,151,000
depreciation and amortization																																		7,743,000				6,661,000	6,621,000	6,651,000	6,437,000	5,691,000					3,910,000	3,745,000	2,929,000	3,197,000	3,155,000	4,574,000
purchases of commercial paper																																		-7,989,000
proceeds from commercial paper																																		16,500,000
net increase in cash and cash equivalents																																						5,671,000	-46,650,000
amortization and write-off of software development costs, licenses and intellectual property																																				39,118,000
depreciation and amortization of long-lived assets																																				7,006,000
impairment of long-lived assets
provision (benefit) for deferred income taxes
provision for price concessions, sales allowances and doubtful accounts																																				40,757,000	12,074,000	26,314,000
foreign currency transaction gain and other
accounts payable, accrued expenses, deferred revenue and other liabilities
total adjustments																																				-169,000	25,086,000	33,671,000	-26,985,000
net cash (used for) provided by operating activities
purchase of fixed assets																																								-6,456,000							-5,385,000	-2,947,000			-3,691,000	-1,613,000
payments for purchases of businesses, net of cash acquired
proceeds from exercise of options																																							21,000
borrowings on line of credit
payment of debt issuance costs
excess tax benefit on exercise of stock options																																							0
net cash provided by financing activities																																				13,935,000
effects of exchange rates on cash and cash equivalents																																				1,428,000	2,044,000	1,302,000
net (decrease) increase in cash and cash equivalents
benefit for deferred income taxes
proceeds from exercise of stock options																																								1,071,000
cash flows from operating activities:
amortization and write-off of software development costs and licenses																																						19,380,000
tax benefit on stock-based compensation
excess tax benefit from stock option exercises
foreign currency translation gain and other
net cash provided by operating activities																																						12,123,000
cash flows used for investing activities:
net cash used for investing activities
cash flows provided by financing activities:
net cash (used for) provided by financing activities
adjustments to reconcile net income (loss) to net cash from operating activities:
impairment of goodwill and long-lived assets
amortization of intellectual property and other																																							2,071,000	2,077,000	3,933,000	1,263,000
write-off of software development costs and licenses																																							286,000	520,000	3,122,000	2,126,000
provision for deferred income taxes																																							-2,180,000
provision for (recovery of) price concessions, sales allowances
and doubtful accounts
tax benefit from exercise of stock options																																															716,000	717,000	8,528,000	1,956,000	1,447,000	6,335,000
(payment) provision for sec settlement
software development costs
licenses
prepaid expenses and other
other non-current assets
accounts payable
accrued expenses and other liabilities
income taxes payable
cash flows from investing activities:
acquisitions of intangible assets
cash flows from financing activities:
purchase of treasury stock
write-off of goodwill and other long-lived assets
loss on disposal of fixed assets																																																			-6,000	4,000
provision for (recovery of) sales allowances and doubtful accounts
accrued expenses and other current liabilities
deferred revenue and other long-term liabilities
payments for prior acquisitions
effects of exchange rates on cash
adjustment to reconcile net income to net cash from operating activities:
amortization of compensatory restricted stock																																								305,000
stock-based compensation related to compensatory stock options																																								4,528,000
provision for doubtful accounts, returns and sales allowances																																								58,416,000		59,392,000					58,318,000	14,816,000			14,254,000
tax benefit from exercise of compensatory stock and stock options																																										1,949,000
foreign currency transaction loss																																								-890,000							187,000	-10,000	-523,000	-576,000	1,011,000
changes in operating assets and liabilities, net of effects of acquisitions:
decrease in accounts receivable																																								55,670,000		-14,379,000					19,595,000	13,501,000	38,882,000
decrease in inventories																																								29,094,000	-31,410,000	11,662,000							-2,580,000	6,015,000	-1,637,000
increase in software development costs																																								-35,048,000
increase in licenses																																								-6,096,000
increase in prepaid taxes and taxes receivable																																								-20,557,000
decrease in prepaid expenses and other current assets																																								2,726,000							-8,400,000	8,765,000
decrease in other non-current assets																																								759,000
decrease in accounts payable																																								-53,553,000
increase in accrued expenses and other liabilities																																								-2,393,000
decrease in income taxes payable																																								-1,154,000
acquisition of intangible assets																																																				106,000
acquisitions, net of cash acquired																																								1,143,000							-3,600,000	-16,032,000			-27,225,000
excess tax benefit from exercise of compensatory stock and stock options																																								24,000
other financing																																															-27,000	-26,000
effect of foreign exchange rates																																								461,000				56,000		-458,000	-1,651,000	2,452,000	1,789,000	451,000	382,000	1,988,000
net increase in cash for the period																																								35,702,000		-14,886,000					7,180,000	70,676,000	37,509,000	24,265,000	55,716,000	34,471,000
cash and cash equivalents, beginning of the period																																								107,195,000	0	0	0	155,095,000	0	0	0	183,477,000	0	0	108,369,000	0
cash and cash equivalents, end of the period																																								142,897,000	-88,160,000	-14,886,000	-92,829,000	303,070,000	-42,856,000	-63,382,000	7,180,000	254,153,000	37,509,000	24,265,000	164,085,000	34,471,000
amortization of compensatory stock																																									1,866,000	3,728,000
non-cash charges for consolidation of distribution facilities																																																	68,000	0	5,406,000
provision for deferred taxes
provision for sales allowances and doubtful accounts
foreign currency transaction gain
increase in accounts receivable																																																			-27,820,000
increase in prepaid expenses and other current assets																																																			-642,000	492,000
increase in other non-current assets																																																-7,000
increase in accounts payable																																																6,160,000			-26,115,000
increase in income taxes payable																																															-11,236,000	11,076,000	-265,000	-295,000	15,327,000	-11,268,000
proceeds from the sale of fixed assets and investments
other investing activities
proceeds from exercise of stock options and warrants																																									1,243,000	5,535,000			5,165,000	4,278,000	4,807,000	2,433,000	21,128,000	4,436,000	4,777,000	11,962,000
purchase of treasury shares
other financing activities
effect of foreign exchange rates on cash and cash equivalents
loss (gain) on disposal of fixed assets
decrease in accrued expenses and other liabilities
proceeds from sale of fixed assets and investments																																														0
escrow payment for settlement
impairment of intellectual property and technology																																																	0	0	7,892,000
provision for sales allowances
provision for doubtful accounts
amortization of various expenses and discounts																																																	1,885,000	2,673,000	1,183,000
write off of prepaid royalties and capitalized software																																															875,000	1,300,000	0	0	6,712,000
compensatory stock and stock options
increase in inventories																																																-8,268,000
increase in prepaid royalties																																															-7,589,000	-2,557,000
increase in capitalized software development costs
increase in accrued expenses and other current liabilities																																															-5,279,000	-5,037,000			33,405,000
sale of investments
net repayments under lines of credit
payments for intangible assets																																															0	-3,100,000
gain on disposal of fixed assets and sale of internet investments
amortization of intangible assets and other																																															998,000	11,627,000
decrease in capitalized software development costs																																																310,000			-116,000
(gain) loss on disposal of fixed assets
gain on sale of internet investments																																																			-39,000
change in deferred taxes
(increase) decrease in capitalized software development costs
(decrease) increase in accrued expenses and other current liabilities
proceeds from sale of investments																																																	0
deferred financing costs																																																				-455,000
repayment of capital lease obligation																																																			-25,000	-25,000
issuance of compensatory stock and stock options																																																				753,000
direct transaction costs, current and prior year acquisitions																																																			-70,000
net cash used in investing activities
decrease in prepaid royalties																																																			-2,311,000
net cash (used in) provided by investing activities																																																			-30,986,000
net cash from (used in) financing activities																																																			4,752,000
gain on sale of subsidiary
(gain) loss on internet investments																																																				-22,000
impairment charge on internet assets
stock received in consideration of license revenues
equity in loss of affiliate
extraordinary loss on early extinguishment of debt, net of taxes
provision (benefit) for deferred taxes
provision for doubtful accounts and sales allowances																																																				1,346,000
amortization and write-off of intellectual property
amortization of deferred financing costs
(increase) decrease in accounts receivable
decrease (increase) in other non-current assets
increase (decrease) in accounts payable
increase (decrease) in accrued expenses and other current liabilities
sale (purchase) of investments
proceeds from disposal of business
additional cash paid for prior acquisition
proceeds from private placements
net (repayments) borrowings under lines of credit
(repayment) proceeds from loan payable
repayment of note payable
change in deferred tax asset
decrease (increase) in prepaid royalties
decrease (increase) in capitalized software development costs
increase in other assets
increase (decrease) in accrued expenses
proceeds from private placement
repayment of loan payable

Take-Two Interactive Software, Inc(NASDAQ:TTWO)

Take-Two Interactive Software, Inc
(NASDAQ:TTWO)