AI English summary of an SEC filing — figures as filed
Take-Two Interactive TTWOThe company said it recognized a goodwill impairment charge of $2,342.1 (in millions) for a partial impairment related to one of its reporting units, and a Developed Game Technology intangible asset impairment charge of $577.4 (in millions), for the fiscal year ended March 31, 2024.
Key points
AI summaryThe company said it recognized a goodwill impairment charge of $2,342.1 (in millions) for a partial impairment related to one of its reporting units, and a Developed Game Technology intangible asset impairment charge of $577.4 (in millions), for the fiscal year ended March 31, 2024.
The company said its net loss for the fiscal year was $3,744.2 (in millions), compared with $1,124.7 (in millions) in the prior year, and its basic and diluted loss per share was $22.01, compared with $7.03 in the prior year.
The company said its mobile net revenue increased by $209.4 (in millions) and accounted for 51.4% of its total net revenue (compared with 47.5% in the prior year), while its console net revenue decreased by $136.5 (in millions) and accounted for 40.5% (compared with 43.0% in the prior year).
The company said it issued $1,000.0 (in millions) of senior notes on April 14, 2023 and an additional $350.0 (in millions) on January 8, 2024, and that it used the proceeds to repurchase $650.0 (in millions) of its 2024 Notes through a tender offer and to repay the remaining $350.0 (in millions) at maturity.
Key figures
Fiscal year ended March 31, 2024
- Revenue
- $5.3B
- Operating income
- −$3.6B
- Net income
- −$3.7B
- EPS
- −$22.01
- Gross profit
- $2.2B
- Operating cash flow
- −$16M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Annual Goodwill and Intangible Asset Impairments
The company said it recognized a goodwill impairment charge of $2,342.1 (in millions) for a partial impairment related to one of its reporting units, and a Developed Game Technology intangible asset impairment charge of $577.4 (in millions), for the fiscal year ended March 31, 2024.
Source · Based on the MD&A text of the filing
Net Loss and Loss per Share
The company said its net loss for the fiscal year was $3,744.2 (in millions), compared with $1,124.7 (in millions) in the prior year, and its basic and diluted loss per share was $22.01, compared with $7.03 in the prior year.
Source · Based on the MD&A text of the filing
Net Revenue Mix by Platform
The company said its mobile net revenue increased by $209.4 (in millions) and accounted for 51.4% of its total net revenue (compared with 47.5% in the prior year), while its console net revenue decreased by $136.5 (in millions) and accounted for 40.5% (compared with 43.0% in the prior year).
Source · Based on the MD&A text of the filing
Senior Notes Issuance and 2024 Notes Repayment
The company said it issued $1,000.0 (in millions) of senior notes on April 14, 2023 and an additional $350.0 (in millions) on January 8, 2024, and that it used the proceeds to repurchase $650.0 (in millions) of its 2024 Notes through a tender offer and to repay the remaining $350.0 (in millions) at maturity.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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