People tend to say that a ton because it's true in Hollywood. Do you know what else is true in Hollywood? The companies are divisions of other companies.
EA is not. It's a publically held company required to report its finances in extreme detail according to GAAP. While it's possible to have a division lose money on paper, it is impossible to have an entire publicly held organization do so. Simply put, EA cannot cook the books without someone going to jail, or more likely, mysteriously dying before going to jail like with Enron and Worldcom.