Electronic Arts' total expenses have grown from $3.2 billion in fiscal 2016 to about $4.1 billion in fiscal 2019.
The jump in fiscal 2017 can be attributed to absence of one time reversal of deferred tax valuation allowance seen in fiscal 2016.
The decline in total expenses in fiscal 2019 can be attributed to the changes in the U.S. tax structure.
For fiscal 2020, we expect total expenses to be around $2.9 billion, which is comprised of :
1) Operating Expenses: $4.3 billion
2) Non-Operating Expense: $55 million
3) Income Tax Benefit of: $1.5 billion
Below, we take a look at how the company's key expense components have trended and the key reasons for the change.