Stock Analysis on Net
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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 Balance Sheet: Liabilities and Stockholders’ Equity

Activision Blizzard Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 1.18 1.14 1.28 1.47 1.42
Deferred revenues 7.63 4.46 7.31 6.93 8.37
Accrued expenses and other liabilities 4.17 4.02 4.83 6.29 5.02
Current liabilities 12.98% 9.62% 13.41% 14.69% 14.81%
Long-term debt, net 13.19 14.40 15.60 13.48 14.98
Deferred income taxes, net 0.58 2.02 1.81 2.54 0.10
Other liabilities 2.98 3.72 4.11 4.76 6.43
Non-current liabilities 16.74% 20.14% 21.52% 20.79% 21.51%
Total liabilities 29.73% 29.76% 34.93% 35.47% 36.32%
Common stock, $0.000001 par value 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 44.77 46.76 49.90 56.31 61.47
Treasury stock, at cost -20.32 -22.20 -24.07 -28.03 -31.19
Retained earnings 48.10 47.99 41.94 39.37 36.77
Accumulated other comprehensive loss -2.28 -2.31 -2.69 -3.12 -3.37
Shareholders’ equity 70.27% 70.24% 65.07% 64.53% 63.68%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The capital structure exhibits a consistent shift toward increased equity financing and a reduction in total liabilities over the five-year period. Total liabilities decreased from 36.32% of the total balance sheet in 2018 to 29.73% by 2022, while shareholders' equity grew from 63.68% to 70.27%.

Liabilities Analysis
Current liabilities showed a general decline, falling from 14.81% in 2018 to 12.98% in 2022, with a notable dip to 9.62% in 2021. Deferred revenues, a significant driver of current liabilities, fluctuated between a high of 8.37% in 2018 and a low of 4.46% in 2021, before returning to 7.63% in 2022. Non-current liabilities also trended downward, decreasing from 21.51% to 16.74%. Long-term debt remained relatively stable, moving from 14.98% in 2018 to 13.19% in 2022, indicating a consistent level of long-term borrowing relative to the total balance sheet.
Equity Composition and Growth
A substantial transformation occurred within the components of shareholders' equity. Retained earnings increased steadily from 36.77% in 2018 to 48.10% in 2022, signaling strong accumulation of earnings. This growth contrasts with additional paid-in capital, which declined from 61.47% to 44.77%. Treasury stock, recorded as a negative component, saw its relative weight decrease from -31.19% to -20.32%, implying a reduction in the proportion of the balance sheet dedicated to repurchased shares.
Other Financial Indicators
Deferred income taxes remained relatively low, peaking at 2.54% in 2019 before falling to 0.58% in 2022. Accumulated other comprehensive loss showed a slight but steady improvement, reducing from -3.37% in 2018 to -2.28% in 2022. Other liabilities also experienced a gradual decline from 6.43% to 2.98% over the period.

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