Welcome. Welcome. Good afternoon and welcome to the Electronic Arts 2016 Annual General Meeting of Stockholders. My name is Chris Evenden, and I'm EA's Vice President of Investor Relations. Today, we'll start with the official business of the meeting, Then Blake Jorgensen, our Chief Financial Officer, will give a short presentation followed by a Q and A session.
During the Q and A session, we ask that you come up to these mics here on the stands at the front of the room to ask your question. During the course of this meeting, officers and directors of the company may make forward looking statements regarding future events or the future financial performance of the company. We caution you that actual events or results may differ materially. We refer you to the company's most recently filed Form 10 ks for a discussion of risk factors that could cause our actual results to differ materially from those discussed today. Now I'd like to turn the meeting over to Andrew Wilson.
Thanks, Chris. Good afternoon and welcome to the Electronic Arts 2016 Annual Meeting of Stockholders. Before turning to the formal items of business, I would like to introduce the members of the Board of Directors, Executive Officers, and others who are here today. Would you please stand up when I call your name? Larry Probst, Chairman Luis Ubinas, Chairman of the Nominating and Governance Committee and our Lead Director Rick Simonson, Chairman of the Audit Committee Jay Hogue, Chairman of the Compensation Committee Len Coleman, Jeff Huber, Vivek Paul, Talbert Roche and Denise Warren.
Each of these directors has been nominated for and has consented to serve for a 1 year term. Their biographies can be found beginning on page 11 of your proxy statement. The members of our executive staff joining us here today are Ken Barker Chris Bruzzo, Executive Vice President, Chief Marketing Officer Blake Jorgensen, Executive Vice President, Chief Financial Officer Joel Winsner, Executive Vice President, Worldwide Business Affairs Peter Moore, Executive Vice President, Chief Competition Officer Ken Moss, Executive Vice President, Chief Technology Officer Samantha Ryan, Senior Vice President, EA Mobile and Maxis Jake Schatz, Senior Vice President, General Counsel and Corporate Secretary Gabriel Soledano, Executive Vice President, Chief Talent Officer. I would also like to introduce Lisa Munro and Garrett Valzon from KPMG LLP, the company's independent auditors. They'll be available during the Q and A session if you have any questions.
Jake Schatz, who has been appointed Secretary of this meeting, will now conduct the formal business portion of the meeting.
Thanks, Andrew. If you have not already voted by proxy and you meet the requirements to vote at this meeting, then please register now with Andrew Wilcox of Broadbridge Financial Solutions, who has been appointed as Inspector of Elections. Mr. Wilcox is sitting at the proxy table. He will hand you a ballot to vote on the matters to be considered at this meeting.
The list of VA stockholders as of the record date June 6, 2016 has been available at the company's headquarters for the past 10 days and is available for examination by any stockholder present or by any proxy holder representing a stockholder. A copy of the notice of this meeting and a declaration of the mailing to each stockholder of record as of the record date also is available for inspection. I am advised by the Inspector of Elections that a total of 275,000,004,441 or over 91% of the outstanding shares eligible to vote are present in person or by proxy. A quorum is present and the meeting is authorized to transact business. It is 2:0:5 p.
M. And the polls are now open. Proposal 1 is the election of the members of the board for a term of 1 year, Based in part on the recommendation of the nominating and governance committee, the Board has nominated the following persons and recommends a 4 vote for each nominee. Len Coleman, Jay Hoag, Jeff Huber, Vivek Paul, Larry Probst, Talbot Roeth, Rick Simonson, Luis Ubinas, Denise Warren, Andrew Wilson. Proposal 2 is an approval of amendments to the company's executive bonus plan.
Proposal 3 is an approval of amendments to the company's 2,000 Equity Incentive Plan. Proposal 4 is an approval of an amendment to the company's employee stock purchase plan. Proposal 5 is an advisory vote on the compensation of the company's named executive officers. And Proposal 6 is the ratification of the appointment of KPMG LLP as the company's independent public registered accounting firm for fiscal year 2017. The Board of Directors recommends a vote for each of proposals 2, 3, 4, 5, and 6.
If you have already sent in a proxy, you do not need to cast a vote unless you wish to change your vote. The proxy holders will vote your shares as indicated on your proxy. If anyone has requested to vote by ballot, please mark your ballots now and give them to the Inspector of Elections. It is now 2:0:7 p. M.
The polls for voting are now closed and no further proxies or ballots will be accepted. I've been advised by the Inspector of Elections that over 91% of the shares outstanding were voted by proxy and counted prior to the meeting. The majority of the votes cast either in person or by proxy has voted for each of the 10 nominees for Director and for Proposals 2, 3, 4, 5 and 6. This now concludes the formal business portion of the meeting. I would like to thank the stockholders who attended this meeting, as well as those who submitted their proxies, but were not able to attend in person.
I declare the 2016 Annual Meeting of Stockholders adjourned. We now will move on to a short presentation by Blake Jorgensen, our Chief Financial Officer, to be followed by a Q and A period. Thank you.
Good afternoon, everyone. My name is Blake Jorgensen. I'm the Chief Financial Officer for the company. And what you just saw was a snapshot of some of the great games that we have coming this year. You got a little snapshot of FIFA, which this year has a single player campaign in it, which means you get a chance to live the life of a soccer star.
You see the great new Madden coming. It looks fantastic. And right behind those two titles and our NHL title, we'll see the next version of Battlefield, which is based on World War I, which hopefully you could tell that, as well as Titanfall, which is a very futuristic game that we're very excited about. So big year for us as a company. What I would like to do is quickly talk about our financials and then work to any Q and A that people have.
As many of you might know, we've been on a 4 year journey to dramatically improve the profitability of the company, and we're very proud of what we've done, as you can see from the GAAP charts here above. I'm actually going to talk about our non GAAP numbers. And the only difference between our GAAP numbers and non GAAP is simply we defer some revenue over time to essentially cover the future updates and hosting of the games that we have. But we typically talk to our investors and our the public around the investor community in a non GAAP trend. And as you can see, we've grown both our revenue, but more importantly, the digital component of our revenue.
That is any of the revenue that is delivered digitally versus having to go to the store to buy the product. And for us and the whole industry, this is a major trend to drive profitability because the consumer would rather consume digitally. And as you can see, we are now over 50% of our business being delivered digitally, very important for us. That's helped drive the gross profit of our business, which is a major driver of our overall profitability. We've grown the mobile business.
We've grown our extra content business, and all of that serves to drive the overall gross margin and profitability of the business. At the same time, we've managed our expenses, and we've been very open about that process and keeping all of our employees involved in that process, and that yields a much better stream of earnings, and in our case, as you see, a much better stream of operating cash flow. Our capital expenditures this year are around $100,000,000 and so any new earnings has been generating greater cash flow, which shareholders like. We've grown the cash flow from, and in fiscal 2012, roughly $100,000,000 to our fiscal year we just finished in March of over $1,200,000,000 Excellent opportunity for us to continue to drive shareholder value and continue to have the ability to invest back into the business. So with that, I would like to take any questions that people might have, and I'll do my best to answer them or ask one of the management team members to help out.
No question. We must have answered everything so quickly. Well, we appreciate everyone coming. We know that we would love to have you pick up a game if you would like one of the games out there and obviously cookies and coffee, and we look forward to seeing everyone again next year. Thank you.