Stock Analysis on Net
Stock Analysis on Net

Activision Blizzard Inc. (NASDAQ:ATVI)

This company has been moved to the archive! The financial data has not been updated since July 31, 2023.

Common-Size Income Statement 

Activision Blizzard Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Product sales 21.81 26.25 29.06 30.44 30.07
In-game, subscription, and other revenues 78.19 73.75 70.94 69.56 69.93
Net revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Product costs -6.89 -7.37 -8.72 -10.11 -9.59
Software royalties and amortization -3.07 -3.93 -3.33 -3.70 -4.95
Product sales -9.96% -11.30% -12.05% -13.81% -14.53%
Game operations and distribution costs -17.59 -13.80 -13.99 -14.87 -13.71
Software royalties and amortization -1.97 -1.22 -1.92 -3.59 -5.32
In-game, subscription, and other -19.55% -15.02% -15.90% -18.46% -19.03%
Cost of revenues -29.52% -26.32% -27.95% -32.27% -33.56%
Gross profit 70.48% 73.68% 72.05% 67.73% 66.44%
Product development -18.88 -15.19 -14.22 -15.38 -14.68
Sales and marketing -16.17 -11.64 -13.16 -14.27 -14.16
General and administrative -13.30 -8.95 -9.70 -11.28 -10.96
Restructuring and related costs 0.04 -0.87 -1.16 -2.03 -0.13
Operating income 22.18% 37.02% 33.81% 24.76% 26.51%
Interest expense from debt -1.43 -1.23 -1.22 -1.39 -1.87
Interest income 2.19 0.06 0.26 1.22 0.87
Realized and unrealized gain (loss) on equity investment -0.01 0.32 0.04 0.59 0.00
Other income (expense) 0.24 -0.23 -0.15 -0.02 0.05
Other income (expense), net 2.42% 0.15% 0.15% 1.79% 0.92%
Loss on extinguishment of debt 0.00 0.00 -0.38 0.00 -0.53
Income before income tax expense 23.17% 35.94% 32.35% 25.17% 25.03%
Income tax expense -3.07 -5.28 -5.18 -2.00 -0.85
Net income 20.10% 30.66% 27.17% 23.16% 24.17%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Activision Blizzard Inc. operating income as a percentage of net revenues increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Income before income tax expense Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Activision Blizzard Inc. income before income tax expense as a percentage of net revenues increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Activision Blizzard Inc. net income as a percentage of net revenues increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.