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 November 2, 2021.

Common-Size Income Statement 

Activision Blizzard Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Product sales 29.06 30.44 30.07 30.07 33.23
In-game, subscription, and other revenues 70.94 69.56 69.93 69.93 66.77
Net revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Product costs -8.72 -10.11 -9.59 -10.45 -11.21
Software royalties, amortization, and intellectual property licenses -3.33 -3.70 -4.95 -4.28 -5.01
Product sales -12.05% -13.81% -14.53% -14.72% -16.22%
Game operations and distribution costs -13.99 -14.87 -13.71 -14.02 -12.88
Software royalties, amortization, and intellectual property licenses -1.92 -3.59 -5.32 -6.90 -7.13
In-game, subscription, and other -15.90% -18.46% -19.03% -20.92% -20.01%
Cost of revenues -27.95% -32.27% -33.56% -35.64% -36.23%
Gross profit 72.05% 67.73% 66.44% 64.36% 63.77%
Product development -14.22 -15.38 -14.68 -15.23 -14.50
Sales and marketing -13.16 -14.27 -14.16 -19.64 -18.31
General and administrative -9.70 -11.28 -10.96 -10.62 -9.59
Restructuring and related costs -1.16 -2.03 -0.13 -0.21 0.00
Operating income 33.81% 24.76% 26.51% 18.65% 21.37%
Interest income 0.26 1.22 0.87 0.34 0.15
Interest expense from debt and amortization of debt discount and deferred financing costs -1.22 -1.39 -1.87 -2.31 -3.28
Unrealized gain on equity investment 0.04 0.59 0.00 0.00 0.00
Other income (expense), net -0.15 -0.02 0.05 -0.11 -0.11
Interest and other income (expense), net -1.08% 0.40% -0.95% -2.08% -3.24%
Loss on extinguishment of debt -0.38 0.00 -0.53 -0.17 -1.39
Income before income tax expense 32.35% 25.17% 25.03% 16.40% 16.74%
Income tax expense -5.18 -2.00 -0.85 -12.51 -2.12
Net income 27.17% 23.16% 24.17% 3.89% 14.62%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

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 decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
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 2018 to 2019 and from 2019 to 2020.
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 decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.