Rockstar Games
CompanyUnited States · Founded 1998
Documents about Rockstar Games
Take-Two Interactive Form 10-Q: Q1 FY2012
Take-Two Interactive’s financial performance for the first quarter of fiscal year 2012 reflects a transitional period characterized by a net loss of $8.7 million, a significant decline from the $26.3 million net income reported during the same period in the previous year.
- Take-Two reported a net loss of $8.7 million for the quarter ended June 30, 2011, a decline from the $26.3 million net income recorded in the same period of the prior year.
- The company completed the sale of its 'Jack of all Games' distribution business to SYNNEX Corporation for a final net purchase price of $35.775 million, allowing the firm to focus exclusively on its publishing operations.
- As of June 30, 2011, Take-Two held $223.357 million in capitalized software development costs and licenses for titles that had not yet been released.
Take-Two Interactive Form 10-K: FY2011
Take-Two Interactive’s fiscal year 2011 report details a strategic pivot toward a streamlined, high-quality publishing model, centered on its Rockstar Games and 2K labels.
- Take-Two divested its 'Jack of all Games' third-party distribution business to SYNNEX Corporation in February 2010, resulting in a final net purchase price of $35.8 million after a $1.5 million adjustment in April 2011.
- The company maintains a significant intellectual property portfolio including major franchises such as Grand Theft Auto, BioShock, Red Dead, Sid Meier's Civilization, and L.A. Noire, which are central to its development and profit strategy.
- Operational success is highly dependent on key management and creative personnel, specifically the Rockstar Games team and the partnership with ZelnickMedia, with the company noting that the loss of these individuals could cause material harm to development and market performance.
Take-Two Interactive Form 10-Q: Q3 2011
Take-Two Interactive’s financial position for the period ending December 31, 2010, reflects a strategic pivot toward core publishing operations following the divestiture of the Jack of all Games distribution business.
- Take-Two maintained a $140 million credit facility expiring July 3, 2012, with no outstanding borrowings as of December 31, 2010.
- Selling and marketing expenses decreased by $14.1 million for the three months ended December 31, 2010, compared to the prior year, primarily due to lower advertising spend following the October 2009 launch of Borderlands.
- General and administrative expenses fell by $2.9 million for the three months ended December 31, 2010, driven by reduced professional fees, lower settlement costs, and corporate cost-cutting initiatives.
Take-Two Interactive Form 10-Q: Q2 Fiscal Year 2011
Take-Two Interactive’s financial performance for the second fiscal quarter of 2011 reflects a strategic pivot toward core publishing operations, underscored by the divestiture of the Jack of all Games distribution business.
- Take-Two completed the sale of its 'Jack of all Games' third-party distribution business to SYNNEX Corporation in February 2010 for approximately $44 million, including $37.25 million in cash, to focus resources on core publishing operations.
- Selling and marketing expenses rose by $23 million for the three months ended July 31, 2010, compared to the same period in 2009, driven primarily by advertising costs for the release of Red Dead Redemption.
- The company issued Convertible Notes maturing June 1, 2014, with an initial conversion rate of 93.6768 shares per $1,000 principal amount, representing an initial conversion price of approximately $10.675 per share.
Take-Two Interactive Form 10-Q: Q4 FY2010
Take-Two Interactive’s financial performance for the first quarter of 2010 reflects a strategic pivot toward core publishing operations, underscored by the divestiture of the Jack of All Games distribution business for $44.25 million.
- As of January 31, 2010, Take-Two held $243.6 million in capitalized software development costs and licenses for unreleased titles, up from $212.9 million on October 31, 2009.
- The company maintains a credit agreement providing up to $140 million in borrowing capacity through July 3, 2012, though no borrowings were outstanding as of January 31, 2010.
- Take-Two adopted new accounting guidance for convertible debt on November 1, 2009, resulting in the reclassification of the embedded conversion option value of its Convertible Notes to additional paid-in capital.
Take-Two Interactive Form 10-K: FY2010
Take-Two Interactive’s fiscal year 2010 reporting highlights a business model defined by high-stakes intellectual property management and significant financial volatility.
- Take-Two shifted its development focus toward current-generation hardware platforms and digital distribution channels, including Xbox LIVE Arcade, PlayStation Network, and the iPhone/iPod touch, while reducing investment in prior-generation platforms.
- In early 2009, the company implemented a new profit-sharing incentive program for the Rockstar Games label and secured long-term employment agreements with its creative team through January 31, 2012.
- The company outsourced its logistics, warehousing, and distribution functions to a third-party provider in September 2008 and implemented an inventory reduction plan to prioritize higher-margin software titles.
Take-Two Interactive Form 10-Q: Q2 FY2010
Take-Two Interactive experienced a period of significant financial contraction during the nine months ending July 31, 2009, reporting a net loss of $115.9 million compared to a net income of $112.1 million in the prior year.
- Take-Two Interactive reported a net loss of $55.5 million for the three months ended July 31, 2009, a significant decline from the $51.8 million net income recorded during the same period in 2008.
- For the nine months ended July 31, 2009, the company incurred a net loss of $115.9 million, compared to a net income of $112.1 million for the same period in the prior year.
- As of July 31, 2009, the company had no outstanding borrowings under its $140 million credit facility and maintained $88.6 million in available borrowing capacity.
Take-Two Interactive Annual Report: FY 2008
During fiscal year 2008, Take-Two Interactive achieved a significant financial turnaround, shifting from a net loss of $138.4 million in 2007 to a net income of $97.1 million.
- Take-Two's fiscal year 2008 revenue was significantly bolstered by the Grand Theft Auto franchise, which generated $581.4 million more in revenue compared to the prior period.
- The company is shifting toward digital distribution, highlighted by an exclusive agreement with Microsoft to provide downloadable content for Grand Theft Auto IV via Xbox Live.
- Management expects price pressure on prior-generation console software as the industry transitions to current-generation platforms, leading to potential inventory obsolescence and reduced margins.
Take-Two Interactive Form 10-K: FY2008
Take-Two Interactive’s fiscal year 2008 financial disclosure outlines a strategic pivot toward profitability following a period of significant operational and management instability.
- Take-Two's fiscal year 2007 performance fell below expectations due to the delay of Grand Theft Auto IV from Q4 2007 to Q2 2008 and a slower-than-anticipated adoption of next-generation hardware platforms.
- BioShock was a commercial success in 2007, shipping approximately 2.1 million units worldwide through October 31, 2007, and achieving high critical ratings on Xbox 360.
- Cash and cash equivalents declined by $54.7 million during fiscal year 2007, ending at $77.8 million, primarily due to operating losses and increased investment in software development and licensing for upcoming titles.
Take-Two Interactive Form 10-Q: Q4 Fiscal Year 2006
Take-Two Interactive’s fiscal update for the fourth quarter of 2006 focuses on the strategic restructuring of executive and developer compensation within its Rockstar Games subsidiary.
- In February 2006, Take-Two Interactive’s Board of Directors authorized $25.0 million in restricted common stock for the Rockstar compensation plan.
- The company immediately granted $14.8 million worth of restricted stock, totaling 950,000 shares, to Rockstar product development staff.
- An additional $10.2 million in shares is pending issuance, contingent upon stockholder approval to increase the total shares available under the Incentive Stock Plan.
Take-Two Interactive Form 10-K: FY2004
Take-Two Interactive’s fiscal year 2004 performance reflects a period of aggressive expansion and strategic investment tempered by significant operational and financial headwinds.
- Take-Two entered a three-year co-publishing and distribution agreement with SEGA in May 2004, granting Take-Two all revenue and profit from sports titles developed by Visual Concepts and Kush.
- Take-Two holds an option to purchase all outstanding capital stock of Visual Concepts and Kush, exercisable until March 31, 2006, or upon the termination of the SEGA distribution agreement.
- The company reached a $7.5 million settlement with the SEC regarding an investigation that began in December 2001, which has been fully accrued in the fiscal 2004 financial statements.
Take-Two Interactive Form 10-K: FY2004
Take-Two Interactive’s fiscal year 2004 filing serves as a comprehensive disclosure of the company’s rapid expansion and the subsequent regulatory challenges faced during the early 2000s.
- Take-Two is under investigation by the SEC regarding accounting practices, revenue recognition, and internal controls, with the company and several current and former executives receiving Wells Notices.
- Operating expenses rose 35.6% to $233.1 million in 2003, driven by a 117.9% increase in R&D spending and a 32.1% increase in selling and marketing costs.
- The company acquired TDK Mediactive in December 2003 for approximately $14.3 million, utilizing a mix of cash and 163,641 shares of common stock.
Its games in the library
Grand Theft Auto VIRockstar North · 2026147
Red Dead Redemption 2Rockstar Games · 201837
Grand Theft Auto VRockstar North · 2013109
L.A. NoireTeam Bondi · 20117
Grand Theft Auto: Vice CityRockstar North · 20026
Red Dead RedemptionRockstar North · 201084
Grand Theft Auto IVRockstar North · 200811
Max Payne 3Rockstar New England · 20123
Max PayneRemedy Entertainment · 200142
Grand Theft Auto: San AndreasRockstar North · 20049
Grand Theft Auto IIIDMA Design · 20012
Grand Theft AutoDMA Design · 1997443