Activision Blizzard (ATVI) Financial Statements
Price: $94.42
Market Cap: $74.29B
Avg Volume: 9.58M
Market Cap: $74.29B
Avg Volume: 9.58M
Country: US
Industry: Electronic Gaming & Multimedia
Sector: Technology
Industry: Electronic Gaming & Multimedia
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Activision Blizzard.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.53B | $8.80B | $8.09B | $6.49B | $7.50B | $7.02B | $6.61B | $4.66B | $4.41B | $4.58B |
| Cost of Revenue | $2.22B | $2.32B | $2.26B | $2.09B | $2.52B | $2.50B | $2.39B | $1.58B | $1.52B | $1.53B |
| Gross Profit | $5.31B | $6.49B | $5.83B | $4.39B | $4.98B | $4.52B | $4.21B | $3.08B | $2.88B | $3.05B |
| Gross Profit Ratio | 70.48% | 73.70% | 72.05% | 67.73% | 66.44% | 64.36% | 63.77% | 66.02% | 65.40% | 66.59% |
| Research and Development Expenses | $1.42B | $1.34B | $1.15B | $998.00M | $1.10B | $1.07B | $958.00M | $646.00M | $571.00M | $584.00M |
| General and Administrative Expenses | $1.00B | $788.00M | $784.00M | $732.00M | $832.00M | $760.00M | $634.00M | $380.00M | $417.00M | $490.00M |
| Selling and Marketing Expenses | $1.22B | $1.02B | $1.06B | $926.00M | $1.06B | $1.38B | $1.21B | $734.00M | $712.00M | $606.00M |
| Selling General and Administrative Expenses | $2.22B | $1.81B | $1.85B | $1.66B | $1.89B | $2.14B | $1.84B | $1.11B | $1.13B | $1.10B |
| Other Expenses | $182.00M | $-20.00M | $-12.00M | $-1.00M | $1.80B | $1.77B | $1.65B | $- | $- | $- |
| Operating Expenses | $3.64B | $3.15B | $3.00B | $2.66B | $3.00B | $3.21B | $2.80B | $1.76B | $1.70B | $1.68B |
| Cost and Expenses | $5.86B | $5.47B | $5.26B | $4.75B | $5.51B | $5.71B | $5.20B | $3.35B | $3.23B | $3.21B |
| Interest Income | $165.00M | $5.00M | $21.00M | $79.00M | $- | $- | $- | $- | $4.00M | $5.00M |
| Interest Expense | $108.00M | $108.00M | $99.00M | $90.00M | $151.00M | $146.00M | $214.00M | $198.00M | $208.00M | $58.00M |
| Depreciation and Amortization | $498.00M | $594.00M | $665.00M | $817.00M | $998.00M | $1.20B | $1.15B | $494.00M | $346.00M | $315.00M |
| EBITDA | $2.25B | $3.78B | $3.23B | $2.34B | $3.02B | $2.52B | $2.47B | $1.81B | $1.53B | $1.68B |
| EBITDA Ratio | 28.80% | 43.77% | 42.04% | 37.36% | 40.35% | 35.91% | 40.16% | 38.87% | 34.69% | 36.81% |
| Operating Income | $1.67B | $3.26B | $2.73B | $1.61B | $1.99B | $1.31B | $1.41B | $1.32B | $1.18B | $1.37B |
| Operating Income Ratio | 22.18% | 37.02% | 33.81% | 24.76% | 26.51% | 18.65% | 21.37% | 28.28% | 26.84% | 29.94% |
| Total Other Income Expenses Net | $74.00M | $-95.00M | $-118.00M | $26.00M | $-111.00M | $-158.00M | $-306.00M | $-198.00M | $-202.00M | $-53.00M |
| Income Before Tax | $1.74B | $3.16B | $2.62B | $1.63B | $1.88B | $1.15B | $1.11B | $1.12B | $981.00M | $1.32B |
| Income Before Tax Ratio | 23.17% | 35.94% | 32.35% | 25.17% | 25.03% | 16.40% | 16.74% | 24.04% | 22.25% | 28.78% |
| Income Tax Expense | $231.00M | $465.00M | $419.00M | $130.00M | $64.00M | $878.00M | $140.00M | $229.00M | $146.00M | $309.00M |
| Net Income | $1.51B | $2.70B | $2.20B | $1.50B | $1.81B | $273.00M | $966.00M | $892.00M | $835.00M | $1.01B |
| Net Income Ratio | 20.10% | 30.66% | 27.17% | 23.16% | 24.17% | 3.89% | 14.62% | 19.13% | 18.94% | 22.04% |
| EPS | $1.92 | $3.47 | $2.85 | $1.96 | $2.35 | $0.36 | $1.30 | $1.21 | $1.14 | $0.96 |
| EPS Diluted | $1.92 | $3.44 | $2.82 | $1.95 | $2.35 | $0.36 | $1.28 | $1.19 | $1.13 | $0.95 |
| Weighted Average Shares Outstanding | 782.00M | 777.00M | 771.00M | 767.00M | 762.00M | 754.00M | 740.00M | 728.00M | 716.00M | 1.02B |
| Weighted Average Shares Outstanding Diluted | 789.00M | 784.00M | 778.00M | 771.00M | 771.00M | 766.00M | 754.00M | 739.00M | 726.00M | 1.03B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.06B | $10.42B | $8.65B | $5.79B | $4.22B | $4.71B | $3.25B | $1.82B | $4.85B | $4.41B |
| Short Term Investments | $4.93B | $180.00M | $164.00M | $65.00M | $- | $- | $- | $8.00M | $10.00M | $33.00M |
| Cash and Short Term Investments | $11.99B | $10.42B | $8.65B | $5.79B | $4.22B | $4.71B | $3.25B | $1.83B | $4.86B | $4.44B |
| Net Receivables | $1.20B | $972.00M | $1.05B | $848.00M | $1.03B | $918.00M | $732.00M | $679.00M | $659.00M | $515.00M |
| Inventory | $- | $- | $- | $32.00M | $43.00M | $46.00M | $49.00M | $128.00M | $123.00M | $171.00M |
| Other Current Assets | $1.27B | $1.16B | $866.00M | $618.00M | $803.00M | $843.00M | $804.00M | $4.31B | $1.27B | $1.11B |
| Total Current Assets | $14.47B | $12.56B | $10.56B | $7.29B | $6.11B | $6.52B | $4.83B | $6.95B | $6.91B | $6.24B |
| Property Plant Equipment Net | $193.00M | $169.00M | $209.00M | $253.00M | $282.00M | $294.00M | $258.00M | $189.00M | $157.00M | $138.00M |
| Goodwill | $9.93B | $9.80B | $9.77B | $9.76B | $9.76B | $9.76B | $9.77B | $7.09B | $7.09B | $7.09B |
| Intangible Assets | $1.08B | $658.00M | $611.00M | $585.00M | $800.00M | $1.19B | $1.91B | $562.00M | $500.00M | $497.00M |
| Goodwill and Intangible Assets | $11.01B | $10.46B | $10.38B | $10.35B | $10.56B | $10.96B | $11.68B | $7.66B | $7.59B | $7.59B |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $9.00M | $9.00M | $9.00M |
| Tax Assets | $1.20B | $1.38B | $1.32B | $1.29B | $403.00M | $459.00M | $283.00M | $268.00M | $368.00M | $321.00M |
| Other Non-Current Assets | $508.00M | $497.00M | $641.00M | $658.00M | $482.00M | $489.00M | $401.00M | $173.00M | $-283.00M | $-286.00M |
| Total Non-Current Assets | $12.91B | $12.50B | $12.54B | $12.55B | $11.73B | $12.20B | $12.62B | $8.30B | $7.84B | $7.77B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B | $18.72B | $17.45B | $15.24B | $14.75B | $14.01B |
| Account Payables | $324.00M | $285.00M | $295.00M | $292.00M | $253.00M | $323.00M | $222.00M | $284.00M | $325.00M | $355.00M |
| Short Term Debt | $83.00M | $77.00M | $66.00M | $63.00M | $- | $- | $- | $- | $- | $25.00M |
| Tax Payables | $80.00M | $144.00M | $100.00M | $436.00M | $203.00M | $- | $- | $- | $- | $- |
| Deferred Revenue | $2.09B | $1.12B | $1.69B | $1.38B | $1.49B | $1.93B | $1.63B | $1.70B | $1.80B | $1.39B |
| Other Current Liabilities | $980.00M | $787.00M | $950.00M | $749.00M | $693.00M | $1.41B | $806.00M | $625.00M | $592.00M | $636.00M |
| Total Current Liabilities | $3.56B | $2.41B | $3.10B | $2.92B | $2.64B | $3.66B | $2.66B | $2.61B | $2.71B | $2.40B |
| Long Term Debt | $3.77B | $3.82B | $3.83B | $2.88B | $2.67B | $4.39B | $4.89B | $4.08B | $4.32B | $4.67B |
| Deferred Revenue Non-Current | $158.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $158.00M | $506.00M | $418.00M | $505.00M | $18.00M | $21.00M | $44.00M | $3.00M | $114.00M | $20.00M |
| Other Non-Current Liabilities | $654.00M | $720.00M | $725.00M | $735.00M | $1.15B | $1.18B | $746.00M | $483.00M | $361.00M | $297.00M |
| Total Non-Current Liabilities | $4.58B | $5.05B | $4.97B | $4.12B | $3.84B | $5.59B | $5.68B | $4.57B | $4.80B | $4.99B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.14B | $7.46B | $8.07B | $7.04B | $6.48B | $9.26B | $8.33B | $7.18B | $7.51B | $7.39B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $13.17B | $12.03B | $9.69B | $7.81B | $6.56B | $4.92B | $4.87B | $4.10B | $3.37B | $2.69B |
| Accumulated Other Comprehensive Income Loss | $-625.00M | $-578.00M | $-622.00M | $-619.00M | $-601.00M | $-638.00M | $-629.00M | $-633.00M | $-303.00M | $68.00M |
| Other Total Stockholders Equity | $6.70B | $6.15B | $5.97B | $5.61B | $5.40B | $5.18B | $4.88B | $4.61B | $4.16B | $3.87B |
| Total Stockholders Equity | $19.24B | $17.60B | $15.04B | $12.80B | $11.36B | $9.46B | $9.12B | $8.07B | $7.23B | $6.62B |
| Total Equity | $19.24B | $17.60B | $15.04B | $12.80B | $11.36B | $9.46B | $9.12B | $8.07B | $7.23B | $6.62B |
| Total Liabilities and Stockholders Equity | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B | $18.72B | $17.45B | $15.24B | $14.75B | $14.01B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $27.38B | $25.06B | $23.11B | $19.84B | $17.84B | $18.72B | $17.45B | $15.24B | $14.75B | $14.01B |
| Total Investments | $4.93B | $180.00M | $164.00M | $65.00M | $- | $- | $- | $17.00M | $19.00M | $42.00M |
| Total Debt | $3.61B | $3.61B | $3.60B | $2.67B | $2.67B | $4.39B | $4.89B | $4.08B | $4.32B | $4.69B |
| Net Debt | $-3.45B | $-6.82B | $-5.04B | $-3.12B | $-1.55B | $-323.00M | $1.64B | $2.26B | $-524.00M | $283.00M |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.51B | $2.70B | $2.20B | $1.50B | $1.81B | $273.00M | $966.00M | $892.00M | $835.00M | $1.01B |
| Depreciation and Amortization | $319.00M | $440.00M | $446.00M | $553.00M | $998.00M | $1.20B | $1.15B | $494.00M | $346.00M | $315.00M |
| Deferred Income Tax | $-164.00M | $7.00M | $-94.00M | $-352.00M | $20.00M | $-181.00M | $-9.00M | $-27.00M | $-44.00M | $185.00M |
| Stock Based Compensation | $462.00M | $508.00M | $218.00M | $166.00M | $209.00M | $176.00M | $147.00M | $92.00M | $104.00M | $108.00M |
| Change in Working Capital | $44.00M | $-1.28B | $-639.00M | $-122.00M | $-1.30B | $661.00M | $-258.00M | $-242.00M | $43.00M | $-326.00M |
| Accounts Receivables | $-231.00M | $71.00M | $-194.00M | $182.00M | $-114.00M | $-165.00M | $84.00M | $-40.00M | $-177.00M | $198.00M |
| Inventory | $- | $-806.00M | $-651.00M | $7.00M | $-5.00M | $-26.00M | $32.00M | $-54.00M | $-2.00M | $39.00M |
| Accounts Payables | $37.00M | $-7.00M | $-10.00M | $31.00M | $-65.00M | $85.00M | $-50.00M | $-25.00M | $-12.00M | $7.00M |
| Other Working Capital | $238.00M | $-537.00M | $216.00M | $-342.00M | $-1.12B | $767.00M | $-324.00M | $-123.00M | $234.00M | $-570.00M |
| Other Non Cash Items | $46.00M | $39.00M | $124.00M | $83.00M | $53.00M | $85.00M | $159.00M | $-17.00M | $8.00M | $-28.00M |
| Net Cash Provided by Operating Activities | $2.22B | $2.41B | $2.25B | $1.83B | $1.79B | $2.21B | $2.15B | $1.19B | $1.29B | $1.26B |
| Investments in Property Plant and Equipment | $-91.00M | $-80.00M | $-78.00M | $-116.00M | $-131.00M | $-155.00M | $-136.00M | $-111.00M | $-107.00M | $-74.00M |
| Acquisitions Net | $-135.00M | $80.00M | $78.00M | $116.00M | $131.00M | $- | $-4.59B | $-46.00M | $- | $- |
| Purchases of Investments | $-5.01B | $-248.00M | $-221.00M | $-65.00M | $-209.00M | $-135.00M | $- | $-145.00M | $- | $-26.00M |
| Sales Maturities of Investments | $239.00M | $280.00M | $121.00M | $153.00M | $116.00M | $80.00M | $3.56B | $145.00M | $21.00M | $402.00M |
| Other Investing Activities | $1.00M | $-91.00M | $-78.00M | $-110.00M | $-137.00M | $-142.00M | $3.41B | $-3.67B | $-105.00M | $-68.00M |
| Net Cash Used for Investing Activities | $-4.99B | $-59.00M | $-178.00M | $-22.00M | $-230.00M | $-197.00M | $-1.18B | $-3.72B | $-84.00M | $308.00M |
| Debt Repayment | $- | $- | $896.00M | $- | $-1.76B | $-510.00M | $704.00M | $-250.00M | $-375.00M | $4.68B |
| Common Stock Issued | $47.00M | $90.00M | $170.00M | $105.00M | $99.00M | $178.00M | $106.00M | $106.00M | $175.00M | $158.00M |
| Common Stock Repurchased | $- | $- | $1.99B | $- | $- | $3.74B | $6.92B | $- | $- | $-5.83B |
| Dividends Paid | $-367.00M | $-365.00M | $-316.00M | $-283.00M | $-259.00M | $-226.00M | $-195.00M | $-170.00M | $-147.00M | $-216.00M |
| Other Financing Activities | $-214.00M | $-246.00M | $-39.00M | $-59.00M | $-95.00M | $-66.00M | $-115.00M | $179.00M | $-27.00M | $-20.00M |
| Net Cash Used Provided by Financing Activities | $-534.00M | $-521.00M | $711.00M | $-237.00M | $-2.02B | $-624.00M | $500.00M | $-135.00M | $-374.00M | $-1.22B |
| Effect of Forex Changes on Cash | $-44.00M | $-48.00M | $69.00M | $-3.00M | $-31.00M | $76.00M | $-56.00M | $-366.00M | $-396.00M | $102.00M |
| Net Change in Cash | $-3.35B | $1.79B | $2.85B | $1.57B | $-491.00M | $1.47B | $1.42B | $-3.02B | $438.00M | $451.00M |
| Cash at End of Period | $7.09B | $10.44B | $8.65B | $5.80B | $4.23B | $4.71B | $3.25B | $1.82B | $4.85B | $4.41B |
| Cash at Beginning of Period | $10.44B | $8.65B | $5.80B | $4.23B | $4.72B | $3.25B | $1.82B | $4.85B | $4.41B | $3.96B |
| Operating Cash Flow | $2.22B | $2.41B | $2.25B | $1.83B | $1.79B | $2.21B | $2.15B | $1.19B | $1.29B | $1.26B |
| Capital Expenditure | $-91.00M | $-80.00M | $-78.00M | $-116.00M | $-131.00M | $-155.00M | $-136.00M | $-111.00M | $-107.00M | $-74.00M |
| Free Cash Flow | $2.13B | $2.33B | $2.17B | $1.72B | $1.66B | $2.06B | $2.02B | $1.08B | $1.19B | $1.19B |