Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Activision Blizzard Inc., adjusted current assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	14,469)	12,556)	10,565)	7,292)	6,106)
Adjustments
Add: Allowances for sales returns and price protection and other allowances	16)	17)	63)	118)	186)
After Adjustment
Adjusted current assets	14,485)	12,573)	10,628)	7,410)	6,292)

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).

Download chart

Activision Blizzard Inc., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	27,383)	25,056)	23,109)	19,845)	17,835)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	313)
Add: Allowances for sales returns and price protection and other allowances	16)	17)	63)	118)	186)
Less: Deferred tax assets, net²	1,201)	1,377)	1,318)	1,293)	403)
After Adjustment
Adjusted total assets	26,198)	23,696)	21,854)	18,670)	17,931)

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).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets, net. See details »

Download chart

Activision Blizzard Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	3,555)	2,411)	3,100)	2,915)	2,642)
Adjustments
Less: Current deferred revenues	2,088)	1,118)	1,689)	1,375)	1,493)
Less: Current accrued restructuring and related costs	34)	85)	91)	35)	—)
After Adjustment
Adjusted current liabilities	1,433)	1,208)	1,320)	1,505)	1,149)

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).

Download chart

Activision Blizzard Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	8,140)	7,457)	8,072)	7,040)	6,478)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	313)
Less: Deferred tax liabilities, net²	158)	506)	418)	505)	18)
Less: Deferred revenues	2,088)	1,118)	1,689)	1,375)	1,493)
Less: Accrued restructuring and related costs	34)	85)	91)	35)	—)
After Adjustment
Adjusted total liabilities	5,860)	5,748)	5,874)	5,125)	5,280)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities, net. See details »

Download chart

Activision Blizzard Inc., adjusted shareholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Shareholders’ equity	19,243)	17,599)	15,037)	12,805)	11,357)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,044)	871)	901)	788)	387)
Add: Allowances for sales returns and price protection and other allowances	16)	17)	63)	118)	186)
Add: Deferred revenues	2,088)	1,118)	1,689)	1,375)	1,493)
Add: Accrued restructuring and related costs	34)	85)	91)	35)	—)
After Adjustment
Adjusted shareholders’ equity	20,337)	17,948)	15,979)	13,545)	12,649)

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).

¹ Net deferred tax assets (liabilities). See details »

Download chart

Activision Blizzard Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Long-term debt, net	3,611)	3,608)	3,605)	2,675)	2,671)
Total reported debt	3,611)	3,608)	3,605)	2,675)	2,671)
Shareholders’ equity	19,243)	17,599)	15,037)	12,805)	11,357)
Total reported capital	22,854)	21,207)	18,642)	15,480)	14,028)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	313)
Add: Current operating lease liabilities (classified as Accrued expenses and other current liabilities)²	83)	77)	66)	63)	—)
Add: Non-current operating lease liabilities (classified as Other liabilities)³	162)	212)	224)	210)	—)
Adjusted total debt	3,856)	3,897)	3,895)	2,948)	2,984)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,044)	871)	901)	788)	387)
Add: Allowances for sales returns and price protection and other allowances	16)	17)	63)	118)	186)
Add: Deferred revenues	2,088)	1,118)	1,689)	1,375)	1,493)
Add: Accrued restructuring and related costs	34)	85)	91)	35)	—)
Adjusted shareholders’ equity	20,337)	17,948)	15,979)	13,545)	12,649)
After Adjustment
Adjusted total capital	24,193)	21,845)	19,874)	16,493)	15,633)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (classified as Accrued expenses and other current liabilities). See details »

³ Non-current operating lease liabilities (classified as Other liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

Download chart

Activision Blizzard Inc., adjusted net revenues

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net revenues	7,528)	8,803)	8,086)	6,489)	7,500)
Adjustment
Add: Increase (decrease) in deferred revenues	970)	(571)	314)	(118)	(436)
After Adjustment
Adjusted net revenues	8,498)	8,232)	8,400)	6,371)	7,064)

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).

Download chart

Activision Blizzard Inc., adjusted net income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	1,513)	2,699)	2,197)	1,503)	1,813)
Adjustments
Add: Deferred income tax expense (benefit)¹	(168)	12)	(97)	(353)	27)
Add: Increase (decrease) in allowances for sales returns and price protection and other allowances	(1)	(46)	(55)	(68)	(88)
Add: Increase (decrease) in deferred revenues	970)	(571)	314)	(118)	(436)
Add: Increase (decrease) in accrued restructuring and related costs	(51)	(6)	56)	35)	—)
Add: Other comprehensive income (loss)	(47)	44)	(3)	(18)	34)
After Adjustment
Adjusted net income	2,216)	2,132)	2,412)	981)	1,350)

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).

¹ Deferred income tax expense (benefit). See details »

Download chart

Activision Blizzard Inc. (NASDAQ:ATVI)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income