Exhibit 99.1

Electronic Arts Reports Q4 and FY24 Results

EA SPORTSTM Momentum Continued in FY24, Company Delivers Record Fiscal Year Cash Flow

REDWOOD CITY, CA – May 7, 2024 – (NASDAQ: EA) today announced preliminary financial results for its fourth quarter and fiscal year ended March 31, 2024.

“This year, EA delivered bigger, bolder world class entertainment that engaged and connected hundreds of millions of players and fans,” said Andrew Wilson, CEO of EA. “We will continue to build on this strong momentum through an incredible pipeline of new experiences, starting with College Football in FY25, positioning us for accelerated growth in FY26 and beyond.”

“EA’s FY24 was highlighted by record cash flow and strong earnings growth driven by EA SPORTS FCTM and Madden NFL,” said Stuart Canfield, CFO of EA. “With strong conviction in our future, we are announcing an expanded stock repurchase program. We look forward to sharing more about our long-term strategy and financial framework at our Investor Day this fall.”

Selected Operating Highlights and Metrics1

•Net bookings2 for FY24 was $7.430 billion, up 1% year-over-year (up 3% in constant currency).

•Delivered 11 titles and over 600 content updates in the year, including four non-annual sports titles and the successful rebrand of EA SPORTS FC.

•Our global football franchise grew net bookings by high-teens percent in FY24.

•During FY24, our EA SPORTSTM Madden NFL franchise delivered record net bookings, up 6% year-over-year and double-digit growth in weekly average users for both Madden NFL 24 and Madden Mobile.

Selected Financial Highlights and Metrics

•Net revenue for FY24 was $7.562 billion, up 2% year-over-year.

•For FY24, net cash provided by operating activities was a fiscal year record $2.315 billion, up 49% year-over-year.

•During FY24, EA returned $1.505 billion to stockholders through stock repurchases and dividends.

•The board has authorized a new stock repurchase program of $5 billion over three years.

Dividend

EA has declared a quarterly cash dividend of $0.19 per share of the Company’s common stock. The dividend is payable on June 19, 2024 to stockholders of record as of the close of business on May 29, 2024.

Quarterly Financial Highlights

			Three Months Ended
			March 31,
(in $ millions, except per share amounts)			2024						2023
Full game			333						372
Live services and other			1,446						1,502
Total net revenue			1,779						1,874
Net income (loss)			182						(12)
Diluted earnings (loss) per share			0.67						(0.04)
Operating cash flow			580						617
Value of shares repurchased			325						325
Number of shares repurchased			2.3						2.7
Cash dividend paid			51						52

The following GAAP-based financial data3 and tax rate of 19% was used internally by company management to adjust its GAAP results in order to assess EA’s operating results:

			Three Months Ended March 31, 2024
			GAAP-Based Financial Data
(in $ millions)			Statement of Operations						Acquisition-related expenses						Change in deferred net revenue (online-enabled games)						Restructuring and related charges						Stock-based compensation
Total net revenue			1,779						—						(113)						—						—
Cost of revenue			357						(29)						—						—						(2)
Gross profit			1,422						29						(113)						—						2
Total operating expenses			1,188						(72)						—						(61)						(146)
Operating income			234						101						(113)						61						148
Interest and other income (expense), net			26						—						—						—						—
Income before provision for income taxes			260						101						(113)						61						148
Number of shares used in computation:
Diluted			270

Fiscal Year Financial Highlights

			Twelve Months Ended
			March 31,
(in $ millions, except per share amounts)			2024						2023
Full game			2,015						1,937
Live services and other			5,547						5,489
Total net revenue			7,562						7,426
Net income			1,273						802
Diluted earnings per share			4.68						2.88
Operating cash flow			2,315						1,550
Value of shares repurchased			1,300						1,295
Number of shares repurchased			10.0						10.4
Cash dividend paid			205						210

The following GAAP-based financial data3 and a tax rate of 19% was used internally by company management to adjust its GAAP results in order to assess EA’s operating results.

			Twelve Months Ended March 31, 2024
			GAAP-Based Financial Data
(in $ millions)			Statement of Operations						Acquisition-related expenses						Change in deferred net revenue (online-enabled games)						Restructuring and related charges						Stock-based compensation
Total net revenue			7,562						—						(132)						—						—
Cost of revenue			1,710						(76)						—						—						(8)
Gross profit			5,852						76						(132)						—						8
Total operating expenses			4,334						(142)						—						(64)						(576)
Operating income			1,518						218						(132)						64						584
Interest and other income (expense), net			71						—						—						—						—
Income before provision for income taxes			1,589						218						(132)						64						584
Number of shares used in computation:
Diluted			272

Operating Metric

The following is a calculation of our total net bookings2 for the periods presented:

			Three Months Ended March 31,												Twelve Months Ended March 31,
(in $ millions)			2024						2023						2024						2023
Total net revenue			1,779						1,874						7,562						7,426
Change in deferred net revenue (online-enabled games)			(113)						72						(132)						(85)
Total net bookings			1,666						1,946						7,430						7,341

Business Outlook as of May 7, 2024

Fiscal Year 2025 Expectations – Ending March 31, 2025

Financial outlook metrics:

•Net revenue is expected to be approximately $7.100 billion to $7.500 billion.

◦Change in deferred net revenue (online-enabled games) is expected to be approximately $200 million.

•Net income is expected to be approximately $904 million to $1.085 billion.

•Diluted earnings per share is expected to be approximately $3.34 to $4.00.

•Operating cash flow is expected to be approximately $2.050 billion to $2.250 billion.

•The Company estimates a share count of 271 million for purposes of calculating diluted earnings per share.

Operational outlook metric:

•Net bookings2 is expected to be approximately $7.300 billion to $7.700 billion.

In addition, the following outlook for GAAP-based financial data3 and a tax rate of 19% are used internally by EA to adjust GAAP expectations to assess EA’s operating results and plan for future periods:

			Twelve Months Ending March 31, 2025
			GAAP-Based Financial Data*
(in $ millions)			GAAP Guidance Range						Acquisition-related expenses						Change in deferred net revenue (online-enabled games)						Restructuring and related charges						Stock-based compensation
Total net revenue			7,100 to 7,500						—						200						—						—
Cost of revenue			1,480 to 1,520						(40)						—						—						(10)
Operating expense			4,345 to 4,435						(70)						—						(95)						(615)
Income before provision for income taxes			1,329 to 1,596						110						200						95						625
Net income			904 to 1,085
Number of shares used in computation:
Diluted shares			271

*The mid-point of the range has been used for purposes of presenting the reconciling items.

First Quarter Fiscal Year 2025 Expectations – Ending June 30, 2024

Financial outlook metrics:

•Net revenue is expected to be approximately $1.575 billion to $1.675 billion.

◦Change in deferred net revenue (online-enabled games) is expected to be approximately ($425) million.

•Net income is expected to be approximately $197 million to $243 million.

•Diluted earnings per share is expected to be approximately $0.73 to $0.90.

•The Company estimates a share count of 270 million for purposes of calculating diluted earnings per share.

Operational outlook metric:

•Net bookings2 is expected to be approximately $1.150 billion to $1.250 billion.

In addition, the following outlook for GAAP-based financial data3 and a tax rate of 19% are used internally by EA to adjust GAAP expectations to assess EA’s operating results and plan for future periods:

			Three Months Ending June 30, 2024
			GAAP-Based Financial Data*
(in $ millions)			GAAP Guidance Range						Acquisition-related expenses						Change in deferred net revenue (online-enabled games)						Restructuring and related charges						Stock-based compensation
Total net revenue			1,575 to 1,675						—						(425)						—						—
Cost of revenue			240 to 250						(10)						—						—						(5)
Operating expense			1,065 to 1,085						(20)						—						(65)						(135)
Income before provision for income taxes			290 to 357						30						(425)						65						140
Net income			197 to 243
Number of shares used in computation:
Diluted shares			270

*The mid-point of the range has been used for purposes of presenting the reconciling items.

Conference Call and Supporting Documents

Electronic Arts will host a conference call on May 7, 2024 at 2:00 pm PT (5:00 pm ET) to review its results for the fourth fiscal quarter and fiscal year ended March 31, 2024 and its outlook for the future. During the course of the call, Electronic Arts may disclose material developments affecting its business and/or financial performance. Listeners may access the conference call live through the following dial-in number (888) 330-2446 (domestic) or (240) 789-2732 (international), using the conference code 5939891 or via webcast at EA’s IR Website at http://ir.ea.com.

EA has posted a slide presentation with a financial model of EA’s historical results and guidance on EA’s IR Website. EA will also post the prepared remarks and a transcript from the conference call on EA’s IR Website.

A dial-in replay of the conference call will be available until May 22, 2024 at (800) 770-2030 (domestic) or (647) 362-9199 (international) using conference code 5939891. An audio webcast replay of the conference call will be available for one year on EA’s IR Website.

Forward-Looking Statements

Some statements set forth in this release, including the information relating to EA’s expectations under the heading “Business Outlook as of May 7, 2024” and other information regarding EA's expectations contain forward-looking statements that are subject to change. Statements including words such as “anticipate,” “believe,” “expect,” “intend,” “estimate,” “plan,” “predict,” “seek,” “goal,” “will,” “may,” “likely,” “should,” “could” (and the negative of any of these terms), “future” and similar expressions also identify forward-looking statements. These forward-looking statements are not guarantees of future performance and reflect management’s current expectations. Our actual results could differ materially from those discussed in the forward-looking statements.

Some of the factors which could cause the Company’s results to differ materially from its expectations include the following: sales of the Company’s products and services; the Company’s ability to develop and support digital products and services, including managing online security and privacy; outages of our products, services and technological infrastructure; the Company’s ability to manage expenses; the competition in the interactive entertainment industry; governmental regulations; the effectiveness of the Company’s sales and marketing programs; timely development and release of the Company’s products and services; the Company’s ability to realize the anticipated benefits of, and integrate, acquisitions; the consumer demand for, and the availability of an adequate supply of console hardware units; the Company’s ability to predict consumer preferences and trends; the Company’s ability to develop and implement new technology; foreign currency exchange rate fluctuations; economic and geopolitical conditions; changes in our tax rates or tax laws; and other factors described in Part II, Item 1A of Electronic Arts’ latest Quarterly Report on Form 10-Q under the heading “Risk Factors”, as well as in other documents we have filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2023.

These forward-looking statements are current as of May 7, 2024. Electronic Arts assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law. In addition, the preliminary financial results set forth in this release are estimates based on information currently available to Electronic Arts.

While Electronic Arts believes these estimates are meaningful, they could differ from the actual amounts that Electronic Arts ultimately reports in its Annual Report on Form 10-K for the fiscal year ended March 31, 2024. Electronic Arts assumes no obligation and does not intend to update these estimates prior to filing its Form 10-K for the fiscal year ended March 31, 2024.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2024, EA posted GAAP net revenue of approximately $7.6 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, Need for Speed™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, FIFA and F1 are the property of their respective owners and used with permission.

For additional information, please contact:

Andrew Uerkwitz			Erin Rheaume
Vice President, Investor Relations			Director, Financial Communications
650-674-7191			650-628-7978
auerkwitz@ea.com			erheaume@ea.com

1 For more information on constant currency, please refer to the earnings slides available on EA’s IR Website.

2 Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games.

3 For more information about the nature of the GAAP-based financial data, please refer to EA’s Form 10-K for the fiscal year ended March 31, 2023.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(in $ millions, except per share data)
			Three Months Ended March 31,												Twelve Months Ended March 31,
												2024															2023						2024						2023
Net revenue			1,779						1,874						7,562						7,426
Cost of revenue			357						448						1,710						1,792
Gross profit			1,422						1,426						5,852						5,634
Operating expenses:
Research and development			638						635						2,420						2,328
Marketing and sales			234						255						1,019						978
General and administrative			185						224						691						727
Amortization and impairment of intangibles			72						26						142						158
Restructuring			59						111						62						111
Total operating expenses			1,188						1,251						4,334						4,302
Operating income			234						175						1,518						1,332
Interest and other income (expense), net			26						6						71						(6)
Income before provision for income taxes			260						181						1,589						1,326
Provision for income taxes			78						193						316						524
Net income (loss)			182						(12)						1,273						802
Earnings (loss) per share
Basic			0.68						(0.04)						4.71						2.90
Diluted			0.67						(0.04)						4.68						2.88
Number of shares used in computation
Basic			267						274						270						277
Diluted			270						274						272						278

Results (in $ millions, except per share data)

The following table reports the variance of the actuals versus our guidance provided on January 30, 2024 for the three months ended March 31, 2024 plus a comparison to the actuals for the three months ended March 31, 2023.

			Three Months Ended March 31,
			2024 Guidance (Mid-Point)												2024 Actuals						2023 Actuals
									Variance
Net revenue
Net revenue			1,775						4						1,779						1,874
GAAP-based financial data
Change in deferred net revenue (online-enabled games)1			—						(113)						(113)						72
Cost of revenue
Cost of revenue			385						(28)						357						448
GAAP-based financial data
Acquisition-related expenses			(30)						1						(29)						(25)
Stock-based compensation			(5)						3						(2)						(2)
Operating expenses
Operating expenses			1,165						23						1,188						1,251
GAAP-based financial data
Acquisition-related expenses			(75)						3						(72)						(26)
Restructuring and related charges			—						(61)						(61)						(155)
Stock-based compensation			(150)						4						(146)						(140)
Income before tax
Income before tax			242						18						260						181
GAAP-based financial data
Acquisition-related expenses			105						(4)						101						51
Change in deferred net revenue (online-enabled games)1			—						(113)						(113)						72
Restructuring and related charges			—						61						61						155
Stock-based compensation			155						(7)						148						142
Tax rate used for management reporting			19		%										19		%				19		%
Earnings (loss) per share
Basic			0.44						0.24						0.68						(0.04)
Diluted			0.44						0.23						0.67						(0.04)
Number of shares used in computation
Basic			269						(2)						267						274
Diluted			271						(1)						270						274
Anti-dilutive shares excluded for loss position2			—						—						—						1

1The change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of cash flows does not necessarily equal the change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the impact of unrecognized gains/losses on cash flow hedges.

2 Diluted earnings per share reflects the potential dilution from common shares (calculated using the treasury stock method), issuable through

stock-based compensation plans. When the company incurs a loss, shares issuable though stock-based compensation plans are excluded from the

diluted loss per share calculation as inclusion would be anti-dilutive.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(in $ millions)
			March 31, 2024						March 31, 20233
ASSETS
Current assets:
Cash and cash equivalents			2,900						2,424
Short-term investments			362						343
Receivables, net			565						684
Other current assets			420						518
Total current assets			4,247						3,969
Property and equipment, net			578						549
Goodwill			5,379						5,380
Acquisition-related intangibles, net			400						618
Deferred income taxes, net			2,380						2,462
Other assets			436						481
TOTAL ASSETS			13,420						13,459
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable			110						99
Accrued and other current liabilities			1,166						1,285
Deferred net revenue (online-enabled games)			1,814						1,901
Total current liabilities			3,090						3,285
Senior notes, net			1,882						1,880
Income tax obligations			497						607
Deferred income taxes, net			1						1
Other liabilities			437						393
Total liabilities			5,907						6,166
Stockholders’ equity:
Common stock			3						3
Retained earnings			7,582						7,357
Accumulated other comprehensive loss			(72)						(67)
Total stockholders’ equity			7,513						7,293
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			13,420						13,459

3Derived from audited consolidated financial statements.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Cash Flows
(in $ millions)
			Three Months Ended March 31,												Twelve Months Ended March 31,
			2024						2023						2024						2023
OPERATING ACTIVITIES
Net income (loss)			182						(12)						1,273						802
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization, accretion and impairment			149						173						404						536
Stock-based compensation			148						142						584						548
Change in assets and liabilities
Receivables, net			303						152						119						(34)
Other assets			(38)						(50)						148						(103)
Accounts payable			30						31						(6)						10
Accrued and other liabilities			(83)						106						(202)						134
Deferred income taxes, net			(6)						(18)						82						(221)
Deferred net revenue (online-enabled games)			(105)						93						(87)						(122)
Net cash provided by operating activities			580						617						2,315						1,550
INVESTING ACTIVITIES
Capital expenditures			(51)						(47)						(199)						(207)
Proceeds from maturities and sales of short-term investments			182						152						632						395
Purchase of short-term investments			(180)						(142)						(640)						(405)
Net cash used in investing activities			(49)						(37)						(207)						(217)
FINANCING ACTIVITIES
Proceeds from issuance of common stock			34						33						77						80
Cash dividends paid			(51)						(52)						(205)						(210)
Cash paid to taxing authorities for shares withheld from employees			(18)						(14)						(196)						(175)
Common stock repurchases			(325)						(325)						(1,300)						(1,295)
Net cash used in financing activities			(360)						(358)						(1,624)						(1,600)
Effect of foreign exchange on cash and cash equivalents			(13)						—						(8)						(41)
Change in cash and cash equivalents			158						222						476						(308)
Beginning cash and cash equivalents			2,742						2,202						2,424						2,732
Ending cash and cash equivalents			2,900						2,424						2,900						2,424

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in $ millions, except per share data)
			Q4						Q1						Q2						Q3						Q4						YOY %
			FY23						FY24						FY24						FY24						FY24						Change
Net revenue
Net revenue			1,874						1,924						1,914						1,945						1,779						(5		%)
GAAP-based financial data
Change in deferred net revenue (online-enabled games)1			72						(346)						(94)						421						(113)
Gross profit
Gross profit			1,426						1,556						1,458						1,416						1,422						—
Gross profit (as a % of net revenue)			76		%				81		%				76		%				73		%				80		%
GAAP-based financial data
Acquisition-related expenses			25						16						15						16						29
Change in deferred net revenue (online-enabled games)1			72						(346)						(94)						421						(113)
Stock-based compensation			2						2						2						2						2
Operating income
Operating income			175						542						377						365						234						34		%
Operating income (as a % of net revenue)			9		%				28		%				20		%				19		%				13		%
GAAP-based financial data
Acquisition-related expenses			51						41						39						37						101
Change in deferred net revenue (online-enabled games)1			72						(346)						(94)						421						(113)
Restructuring and related charges			155						3						—						—						61
Stock-based compensation			142						130						155						151						148
Net income (loss)
Net income (loss)			(12)						402						399						290						182						1,617		%
Net income (loss) (as a % of net revenue)			(1		%)				21		%				21		%				15		%				10		%
GAAP-based financial data
Acquisition-related expenses			51						41						39						37						101
Change in deferred net revenue (online-enabled games)1			72						(346)						(94)						421						(113)
Restructuring and related charges			155						3						—						—						61
Stock-based compensation			142						130						155						151						148
Tax rate used for management reporting			19		%				19		%				19		%				19		%				19		%
Diluted earnings (loss) per share			(0.04)						1.47						1.47						1.07						0.67						1,775		%
Number of shares used in computation
Basic			274						272						271						269						267
Diluted			274						274						272						271						270
Anti-dilutive shares excluded for loss position2			1						—						—						—						—

1The change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of cash flows does not necessarily equal the change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the impact of unrecognized gains/losses on cash flow hedges.

2Diluted earnings per share reflects the potential dilution from common shares (calculated using the treasury stock method), issuable through stock-based compensation plans. When the company incurs a loss, shares issuable though stock-based compensation plans are excluded from the diluted loss per share calculation as inclusion would be anti-dilutive.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in $ millions)
						Q4						Q1						Q2						Q3						Q4						YOY %
						FY23						FY24						FY24						FY24						FY24						Change
QUARTERLY NET REVENUE PRESENTATIONS
Net revenue by composition
Full game downloads						274						301						346						431						265						(3		%)
Packaged goods						98						142						275						187						68						(31		%)
Full game						372						443						621						618						333						(10		%)
Live services and other						1,502						1,481						1,293						1,327						1,446						(4		%)
Total net revenue						1,874						1,924						1,914						1,945						1,779						(5		%)
Full game						20		%				23		%				32		%				32		%				19		%
Live services and other						80		%				77		%				68		%				68		%				81		%
Total net revenue %						100		%				100		%				100		%				100		%				100		%
GAAP-based financial data
Full game downloads						(24)						(21)						24						32						(37)
Packaged goods						(24)						(21)						46						4						(37)
Full game						(48)						(42)						70						36						(74)
Live services and other						120						(304)						(164)						385						(39)
Total change in deferred net revenue (online-enabled games) by composition1						72						(346)						(94)						421						(113)
Net revenue by platform
Console						1,088						1,167						1,187						1,229						1,049						(4		%)
PC & Other						469						451						423						420						423						(10		%)
Mobile						317						306						304						296						307						(3		%)
Total net revenue						1,874						1,924						1,914						1,945						1,779						(5		%)
GAAP-based financial data
Console						11						(266)						(35)						377						(94)
PC & Other						47						(77)						(34)						33						(10)
Mobile						14						(3)						(25)						11						(9)
Total change in deferred net revenue (online-enabled games) by platform1						72						(346)						(94)						421						(113)

1The change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of cash flows does not necessarily equal the change in deferred net revenue (online-enabled games) in the unaudited condensed consolidated statements of operations primarily due to the impact of unrecognized gains/losses on cash flow hedges.

ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in $ millions)
			Q4						Q1						Q2						Q3						Q4						YOY %
			FY23						FY24						FY24						FY24						FY24						Change
CASH FLOW DATA
Investing cash flow			(37)						(44)						(63)						(51)						(49)
Investing cash flow - TTM			(217)						(196)						(205)						(195)						(207)						5		%
Financing cash flow			(358)						(482)						(351)						(431)						(360)
Financing cash flow - TTM			(1,600)						(1,606)						(1,609)						(1,622)						(1,624)						(2		%)
Operating cash flow			617						359						112						1,264						580
Operating cash flow - TTM			1,550						1,987						2,211						2,352						2,315						49		%
Capital expenditures			47						45						51						52						51
Capital expenditures - TTM			207						193						191						195						199						(4		%)
Free cash flow4			570						314						61						1,212						529
Free cash flow4 - TTM			1,343						1,794						2,020						2,157						2,116						58		%
Common stock repurchases			325						325						325						325						325						—
Cash dividends paid			52						52						51						51						51						(2		%)
DEPRECIATION
Depreciation expense			58						49						49						48						50						(14		%)
BALANCE SHEET DATA
Cash and cash equivalents			2,424						2,259						1,946						2,742						2,900
Short-term investments			343						343						359						362						362
Cash and cash equivalents, and short-term investments			2,767						2,602						2,305						3,104						3,262						18		%
Receivables, net			684						517						1,047						867						565						(17		%)
STOCK-BASED COMPENSATION
Cost of revenue			2						2						2						2						2
Research and development			96						93						113						108						104
Marketing and sales			15						11						13						14						14
General and administrative			29						24						27						27						28
Total stock-based compensation			142						130						155						151						148
RESTRUCTURING AND RELATED CHARGES
Restructuring			111						1						2						—						59
Office space reductions			44						2						(2)						—						2
Total restructuring and related charges			155						3						—						—						61

4 Free cash flow is defined as Operating cash flow less Capital expenditures.