Stock Analysis on Net
Stock Analysis on Net

Activision Blizzard Inc. (NASDAQ:ATVI)

$22.49

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

Common-Size Balance Sheet: Assets
Quarterly Data

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Activision Blizzard Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents
Held-to-maturity investments
Accounts receivable, net
Software development
Other current assets
Current assets
Software development
Property and equipment, net
Deferred income taxes, net
Other assets
Intangible assets, net
Goodwill
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash and cash equivalents
There is a clear upward trend in cash and cash equivalents as a percentage of total assets from 2018 through 2021, rising from 28.36% in March 2018 to a peak of 43.85% in March 2022. This indicates increasing liquidity over this period. However, a sharp decline is observed in the latter part of 2022 down to 25.78% by June 2022, followed by a recovery to 37.77% in June 2023.
Held-to-maturity investments
No data is available until 2022, when this item appears as a notable portion of total assets, peaking at 18.01% in June 2022 and then declining to 8.11% by June 2023. This suggests a recent introduction and subsequent reduction of this investment category.
Accounts receivable, net
Accounts receivable relative to total assets fluctuates moderately over the periods, generally maintaining a low proportion under 5.8% with spikes around December 2018 and December 2022, reaching 5.8% and 4.4% respectively. This pattern indicates occasional increases in receivable balances possibly linked to seasonal or business cycle effects.
Software development
Two separate measures of software development assets show fluctuating trends. The first series generally ranges from 0.5% to a peak of 2.67% in December 2021 and maintains this level afterward. The second series fluctuates between 0.36% and 1.79% with a slight increase in late 2021. Overall, the company appears to maintain a stable but modest proportion of assets in software development.
Other current assets
These assets experience some volatility, initially rising from 2.52% in early 2018 to a high of 4.04% by September 2018, then stabilizing mostly within the 1.5%-3.5% range, with a declining trend towards mid-2023.
Current assets
Current assets as a share of total assets exhibit an increasing trend, going from about 29.75% in late 2018 to over 54% by June 2023. This indicates a growing emphasis on liquidity or short-term asset holdings over the observed period.
Property and equipment, net
The proportion of property and equipment steadily decreases over time, from around 1.68% in September 2018 to about 0.72% in mid-2023, indicating a gradual reduction or depreciation impacting the company's tangible fixed assets relative to total assets.
Deferred income taxes, net
This category shows a rise in late 2018, spiking to over 6.5%, then slowly declining to around 4.5% by mid-2023. The initial increase suggests recognition of deferred tax assets or liabilities which then normalize over time.
Other assets
Other assets remain relatively stable with minor fluctuations mostly between 1.6% and 4.2%, showing no distinct upward or downward trend across the observed timeline.
Intangible assets, net
There is a consistent downward trend in intangible assets, decreasing from 5.37% in early 2018 to approximately 1.53% by mid-2023. This suggests amortization or impairment reducing the carrying value of these assets over time.
Goodwill
Goodwill represents the largest single component of total assets but shows a steady decline from a peak of 58.42% in September 2018 to 34.82% by June 2023. This significant decrease may reflect impairment charges or asset revaluations reducing goodwill on the balance sheet.
Non-current assets
Non-current assets generally decline as a percentage of total assets, falling from over 70% in late 2018 to around 45.66% by mid-2023. This contraction aligns with decreases in goodwill and intangible assets, alongside declines in property and equipment.