Common-Size Balance Sheet: Assets
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2008
- Operating Profit Margin since 2008
- Return on Equity (ROE) since 2008
- Return on Assets (ROA) since 2008
- Current Ratio since 2008
- Total Asset Turnover since 2008
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Activision Blizzard Inc., common-size consolidated balance sheet: assets
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).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets increased significantly from 23.69% in 2018 to a peak of 41.6% in 2021. However, this was followed by a notable decline to 25.78% in 2022, indicating a reduction in liquid assets share after a period of accumulation.
- Held-to-Maturity Investments
- This item was not reported in earlier years but appeared in 2022 at 18.01% of total assets, suggesting a strategic shift towards fixed income or less liquid investment holdings in that year.
- Accounts Receivable, Net
- The percentage of net accounts receivable to total assets decreased from 5.8% in 2018 to 3.88% in 2021, showing improved collection or reduced credit sales, but slightly rose to 4.4% in 2022.
- Software Development (Current and Non-current)
- Overall investment in software development relative to total assets displayed growth. The current asset portion rose from 1.48% in 2018 to 2.34% in 2022. The non-current portion, minor to begin with (0.36% in 2018), increased markedly to 2.34% by 2022, reflecting increased capitalization of software development expenses as longer-term assets.
- Other Current Assets
- These assets declined from 3.26% in 2018 to 1.65% in 2019, then increased gradually to 2.84% in 2021 before dipping again to 2.31% in 2022, indicating some volatility but a relatively stable low share of total assets.
- Current Assets
- The current asset ratio rose steadily and significantly throughout the period from 34.24% in 2018 to 52.84% in 2022. This suggests an increasing reliance on liquid and near-liquid assets within the company's asset base.
- Property and Equipment, Net
- This category steadily decreased from 1.58% in 2018 to a low of 0.67% in 2021, with a slight increase to 0.7% in 2022, indicating a declining role of fixed tangible assets in the company’s asset structure.
- Deferred Income Taxes, Net
- Deferred income taxes rose sharply from 2.26% in 2018 to 6.52% in 2019, then gradually declined to 4.39% by 2022, reflecting changes in tax positions or timing differences in tax recognition over the years.
- Other Assets
- The share of other assets decreased from 2.7% in 2018 to 1.86% in 2022, revealing a gradual reduction in miscellaneous or less definable asset categories.
- Intangible Assets, Net
- Intangible assets as a percentage of total assets diminished consistently from 4.12% in 2018 to 1.61% in 2022, demonstrating a steady reduction in the proportion of identifiable intangible assets.
- Goodwill
- Goodwill, a significant portion of total assets, declined markedly from 54.74% in 2018 to 36.26% in 2022. This sizable contraction indicates asset revaluation, impairments or divestitures impacting goodwill over the years.
- Non-current Assets
- The share of non-current assets dropped from 65.76% in 2018 to 47.16% in 2022, reflecting a shift toward more current assets, consistent with the observed increase in current assets proportion.
- Total Assets
- The total assets composition remained constant by definition at 100% throughout the period, serving as the basis for evaluating proportionate changes in individual asset categories.