ACTIVISION BLIZZARD, INC. ATVI Cash Flow

Activision blizzard, inc. (ATVI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
1,561	1,503	1,664	1,720	1,795	1,848	577	506	347	273	1,111	1,121	1,029	966	872	800	861	892	1,094	944	936	835	647	727	847	1,010	1,191	1,360	1,221	1,149	894	816	966	1,085	753	656	540	418	365	329	305	113	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes
-427	-352	-110	-39	22	-35	132	17	-72	-181	53	3	-26	-9	-205	-162	-87	-27	-9	-3	-53	-44	-99	-69	27	161	173	170	65	-10	-29	-15	-10	75	-205	-240	-218	-278	-135	-56	-222	-256	0	0	0
Depreciation and amortization
303	328	370	408	441	509	603	705	819	888	915	938	946	829	614	396	182	95	94	92	91	90	101	99	103	108	119	122	121	120	140	141	145	148	178	191	191	198	257	277	311	347	0	0	0
Provision for inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	42	56	50	48	43	22	31	36	39	53	41	34	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating lease cost
63	64	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of capitalized software development costs and intellectual property licenses
198	225	414	436	443	489	347	349	372	311	275	289	286	321	344	374	381	399	428	384	347	256	198	178	175	207	225	232	261	208	259	265	248	287	288	301	300	319	271	269	301	281	0	0	0
Amortization of debt discount, financing costs, and non-cash write-off due to extinguishment of debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28	-23	-13	-7	-17	-6	-7	-7	6	4	3	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on ARS rights from UBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Unrealized gain on auction rate securities classified as trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Share-based compensation expense
146	166	172	199	218	209	222	215	197	176	158	143	146	147	128	124	103	92	101	95	98	104	106	110	110	108	119	127	132	126	125	109	101	103	98	113	110	131	141	144	170	156	0	0	0
Other
21	51	34	26	27	7	36	26	28	40	28	27	26	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	44	47	42	29	15	7	7	5	7	23	25	24	32	20	19	22	22	29	66	79	0	0	0
Changes in operating assets and liabilities:
Accounts receivable, net
7	-182	-231	55	179	114	-265	39	58	165	451	-92	-21	-84	-213	108	19	40	-158	134	29	177	493	-17	-25	-198	-2	-116	136	46	53	84	-12	-13	-88	-36	-4	-43	42	-54	-34	-235	0	0	0
Inventories
-	-	-	-	-	5	103	12	24	26	-14	-13	-20	-32	-49	32	50	54	47	12	-3	2	-32	57	28	-6	46	26	36	75	91	48	53	42	-47	-67	-95	-124	-91	-35	-29	-21	0	0	0
Software development and intellectual property licenses
314	275	253	268	318	372	379	356	334	301	294	309	325	362	396	386	377	350	345	359	355	349	309	289	266	268	295	295	307	301	291	284	276	254	256	271	278	313	317	300	313	308	0	0	0
Other assets
-191	-164	19	12	111	51	42	39	72	97	165	158	96	10	52	16	4	-21	-117	-2	-15	-18	107	17	49	67	41	26	-7	-88	9	30	22	67	31	-2	16	-17	-55	-24	-57	110	0	0	0
Deferred revenues
94	-154	-221	-34	-153	-122	-170	62	163	220	41	-300	-21	-35	410	408	32	-27	-304	194	206	475	679	77	-62	-275	-216	-257	218	153	381	352	-108	-248	-165	65	214	293	145	67	142	503	0	0	0
Accounts payable
-10	31	-29	17	4	-65	-7	-4	1	85	104	-6	58	-50	-94	-15	-1	-25	64	56	-31	-12	-20	14	-33	7	31	-23	12	-54	7	19	15	31	13	-2	17	70	-39	37	-4	-18	0	0	0
Accrued expenses and other liabilities
-265	-77	-415	-567	-532	-554	405	620	919	945	3	-6	25	83	392	284	295	233	20	134	129	90	227	284	231	64	86	15	-56	-22	-130	-101	-46	-179	-9	6	16	49	14	-87	-72	-113	0	0	0
Net cash provided by operating activities
1,529	1,831	1,912	1,856	1,711	1,790	1,949	2,075	2,331	2,213	1,914	1,991	2,229	2,155	2,359	1,755	1,387	1,259	1,430	1,433	1,404	1,331	977	1,072	1,075	1,264	1,360	1,534	1,517	1,345	1,219	1,141	971	952	1,095	1,231	1,283	1,376	1,196	1,175	1,083	1,183	0	0	0
Cash flows from investing activities:
Proceeds from maturities of available-for-sale investments
140	153	269	191	129	116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	21	30	96	212	304	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale investments
74	65	150	150	189	209	114	194	155	135	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	26	147	227	342	503	474	419	443	417	0	0	0	-	-	-	-	-	-	-	-
Proceeds from auction rate securities called at par
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-288	-111	-29	10	649	705	656	519	508	229	60	44	0	0	0
Proceeds from sales of available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	4,586	4,634	4,634	4,634	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release (deposit) of cash in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15	5	5	3,561	4	2	-1	0	-4	-4	0	-6	-11	-6	-4	2	-4	1	-12	-8	0	0	0	-	-	-	-	-	-	-	-
Release of cash in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	3	3	3	5	4	0	0	0	-	-	-	-
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Capital expenditures
117	116	113	115	118	131	166	164	165	155	123	117	130	136	115	133	117	111	112	94	91	107	106	100	94	74	85	83	81	73	71	80	77	72	68	76	89	97	104	84	71	69	0	0	0
Other investing activities
-	-	-	-	-	-	-	-	-	-3	-20	-12	-1	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-45	-22	9	-69	-184	-230	-204	-283	-231	-207	-3,742	-3,664	-3,688	-4,729	-4,627	-4,685	-4,768	-3,716	-243	-194	-88	-84	37	98	216	308	212	126	33	-124	-89	129	203	266	221	-22	-142	-312	-468	-646	-620	-443	0	0	0
Cash flows from financing activities:
Proceeds from issuance of common stock to employees
101	105	95	79	82	99	119	125	116	178	170	176	191	106	110	105	103	106	97	99	83	175	226	244	244	158	95	61	51	33	60	66	79	69	66	77	70	81	72	66	90	81	0	0	0
Tax payment related to net share settlements on restricted stock units
72	59	64	74	61	94	97	88	82	56	83	82	117	115	123	128	91	83	61	56	56	66	71	67	48	49	30	29	28	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	44	47	42	29	15	7	7	5	7	23	25	24	32	20	19	22	22	29	66	79	0	0	0
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	315	483	506	610	692	870	1,111	1,195	959	888	916	903	1,109	0	0	0
Proceeds from debt issuances, net of discounts
-	-	-	-	-	-	-	-	-	3,741	3,741	8,099	6,909	6,878	6,878	2,520	2,520	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	4,251	5,751	8,789	8,405	6,104	4,604	1,566	750	250	250	250	250	375	381	381	381	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs related to debt issuances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-254	-237	-251	-2,044	-2,004	-2,020	-2,004	-222	-212	-624	-2,223	-898	-1,683	500	2,053	904	1,789	-202	-211	-377	-373	-413	-1,468	-1,443	-1,498	-1,223	-136	-177	-228	-497	-640	-641	-717	-808	-976	-1,216	-1,303	-1,053	-981	-1,008	-747	-949	0	0	0
Effect of foreign exchange rate changes on cash and cash equivalents
-20	-3	-40	-9	-47	-31	-11	7	75	76	39	19	-38	-56	-121	-119	-1	-366	-416	-645	-757	-396	-185	131	187	102	99	72	-72	70	-50	-177	-66	-57	6	127	125	33	16	-35	-9	19	0	0	0
Net increase in cash and cash equivalents and restricted cash
1,210	1,569	1,630	-266	-524	-491	-270	1,577	1,963	1,458	-4,012	-2,552	-3,180	-2,130	-336	-2,145	-1,593	-3,025	560	217	186	438	-639	-142	-20	451	1,535	1,555	1,250	794	440	452	391	353	346	120	-37	44	-237	-514	-293	-190	0	0	0