ACTIVISION BLIZZARD, INC. ATVI Income Statement

Activision blizzard, inc. (ATVI)

Income statement / Quarterly

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	Sep'08	Jun'08
Net revenues
Net revenues
1,788	1,986	1,282	1,396	1,825	2,382	1,512	1,641	1,965	2,042	1,618	1,631	1,726	2,015	1,568	1,570	1,455	1,352	990	1,044	1,278	1,574	753	970	1,111	1,518	691	1,050	1,324	1,768	841	1,075	1,172	1,406	754	1,146	1,449	1,427	745	967	1,308	1,557	703	1,038	981	711	352
Costs and expenses
Cost of sales - online
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	-	56	56	58	50	43	54	57	61	62	71	69	74	59	59	63	82	61	53	54	54	55	51	52	43	44
Cost of sales - software royalties and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	-	34	46	57	72	16	38	61	87	19	57	31	86	24	47	61	127	61	51	99	136	54	86	72	50	16
Cost of sales - intellectual property licenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	7	11	2	30	5	14	38	52	10	20	7	96	16	24	29	92	33	29	43	152	45	54	64	36	7
Product development
238	295	210	244	249	324	263	255	259	319	273	252	225	285	249	249	175	193	159	149	145	185	131	112	143	196	140	123	125	220	125	145	114	238	133	116	142	265	118	100	143	265	122	123	117	200	99
Sales and marketing
243	346	182	191	207	322	263	226	251	479	345	308	246	380	340	322	168	289	189	164	92	246	221	141	104	239	144	116	107	232	131	136	79	280	115	90	60	225	110	125	56	215	128	118	83	142	51
General and administrative
167	206	177	170	179	200	208	216	198	206	191	171	177	149	156	169	160	83	109	102	86	75	140	107	95	143	162	96	89	148	121	190	102	123	104	127	102	123	113	74	65	94	106	92	103	94	50
Restructuring Charges
23	29	24	22	57	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	3	19	0	0	0	0	-6	-1	15	15	61	-
Total costs and expenses
1,176	1,532	1,035	1,060	1,255	1,688	1,247	1,207	1,370	1,822	1,361	1,292	1,233	1,590	1,274	1,338	994	1,103	794	712	736	1,136	745	660	684	1,233	621	620	737	1,284	614	848	659	1,381	592	679	775	1,824	690	667	797	1,989	694	820	802	905	306
Operating Income (Loss)
612	454	247	336	570	694	265	434	595	220	257	339	493	425	294	232	461	249	196	332	542	438	8	310	427	285	70	430	587	484	227	227	513	25	162	467	674	-397	55	300	511	-432	9	218	179	-194	46
Interest and other expense (income), net (Note 12)
-8	-7	2	34	-3	-4	-13	-26	-28	-23	-37	-46	-40	-34	-63	-65	-52	-47	-51	-50	-50	-50	-51	-50	-51	-51	-4	0	2	3	1	2	1	-4	3	2	2	8	14	1	0	-3	11	0	10	24	2
Loss on extinguishment of debt
-	-	0	-	-	-	-40	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
604	447	249	370	567	690	212	408	567	185	220	293	453	299	231	167	409	202	145	282	492	388	-43	260	376	234	66	430	589	487	228	229	514	21	165	469	676	-389	69	301	511	-435	20	218	189	-170	48
Income tax expense
99	-77	45	42	120	4	-48	6	67	769	32	50	27	46	32	16	46	43	18	70	98	27	-20	56	83	60	10	106	133	133	2	44	130	-78	17	134	173	-156	18	82	130	-	5	23	-	-62	20
Net Income (Loss) Attributable to Parent
505	524	204	328	447	686	260	402	500	-584	188	243	426	253	199	151	363	159	127	212	394	361	-23	204	293	174	56	324	456	354	226	185	384	99	148	335	503	-233	51	219	381	-286	15	195	189	-108	28
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.66	0.68	0.27	0.43	0.58	0.90	0.34	0.53	0.66	-0.78	0.25	0.32	0.57	0.34	0.27	0.20	0.49	0.21	0.17	0.29	0.54	0.49	-0.03	0.28	0.40	0.23	0.05	0.28	0.40	0.31	0.20	0.16	0.34	0.09	0.13	0.29	0.42	-0.18	0.04	0.18	0.30	-0.21	0.01	0.15	0.14	-0.08	0.05
Diluted (in dollars per share)
0.65	0.68	0.26	0.43	0.58	0.89	0.34	0.52	0.65	-0.77	0.25	0.32	0.56	0.34	0.26	0.20	0.48	0.20	0.17	0.29	0.53	0.48	-0.03	0.28	0.40	0.22	0.05	0.28	0.40	0.32	0.20	0.16	0.33	0.08	0.13	0.29	0.42	-0.18	0.04	0.17	0.30	-0.21	0.01	0.15	0.14	-0.08	0.05
Weighted-average number of shares outstanding
Basic (in shares)
769	771	767	766	764	765	763	761	759	758	755	754	749	744	742	739	735	732	730	727	723	721	718	716	709	743	1,122	1,118	1,113	1,110	1,109	1,109	1,120	1,138	1,140	1,141	1,173	1,196	1,212	1,232	1,248	1,264	1,271	1,289	1,308	1,271	591
Diluted (in shares)
774	773	771	770	770	773	771	770	770	773	766	764	761	758	756	753	749	751	739	735	731	741	718	725	720	759	1,134	1,127	1,120	1,116	1,114	1,115	1,127	1,144	1,148	1,150	1,182	1,205	1,227	1,248	1,264	1,256	1,297	1,332	1,359	1,271	591
Dividends per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.00	0.30	-	0.00	0.00	0.26	0.00	0.00	0.00	0.23	0.00	0.00	0.00	0.20	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.18	0.00	0.00	0.00	0.16	0.00	0.00	0.00	0.15	-	0.00	0.00	-	-	-
Product sales
Net revenues
543	700	260	359	656	808	263	464	720	736	384	481	509	695	355	501	645	710	425	528	784	1,093	337	587	769	1,152	332	727	990	1,412	536	798	874	1,059	369	768	1,061	1,061	397	643	986	1,232	411	747	690	413	80
Subscription, licensing, and other revenues
Net revenues
1,245	1,286	1,022	1,037	1,169	1,574	1,249	1,177	1,245	1,306	1,234	1,150	1,217	1,320	1,213	1,069	810	642	565	516	494	481	416	383	342	366	359	323	334	356	305	277	298	347	385	378	388	366	348	324	322	325	292	291	291	298	272
Product costs
Cost of revenues
119	268	137	99	152	304	127	126	162	311	149	130	143	312	111	149	169	337	179	147	209	413	156	187	225	503	111	179	260	484	146	229	257	484	138	213	299	584	194	235	337	670	185	281	296	279	39
Software royalties, amortization, and intellectual property licenses
Cost of revenues
82	69	9	51	111	156	20	49	146	100	37	75	88	81	42	80	128	-	62	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
46	69	50	53	61	121	109	85	84	125	117	120	122	152	139	128	52	-	25	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Game operations and distribution costs
Cost of revenues
258	250	246	230	239	251	257	250	270	267	249	236	232	231	237	241	142	-	71	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-