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: Liabilities and Stockholders’ Equity
Quarterly Data

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Activision Blizzard Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable
Deferred revenues
Accrued expenses and other liabilities
Current liabilities
Long-term debt, net
Deferred income taxes, net
Other liabilities
Non-current liabilities
Total liabilities
Common stock, $0.000001 par value
Additional paid-in capital
Treasury stock, at cost
Retained earnings
Accumulated other comprehensive loss
Shareholders’ equity
Total liabilities and shareholders’ equity

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).

Accounts payable
The accounts payable as a percentage of total liabilities and shareholders’ equity remained relatively low and stable, fluctuating mostly between 0.65% and 1.87% over the observed quarters. There is no clear upward or downward trend, indicating stable short-term obligations to suppliers relative to the overall capital structure.
Deferred revenues
Deferred revenues showed considerable volatility ranging from about 3.34% to 8.37%. Higher peaks were observed near the end of 2018 and again in late 2022 and early 2023, suggesting periods where the company recognized more prepayments or advance receipts. Overall, the trend does not indicate a steady pattern but reflects varying timing in revenue recognition.
Accrued expenses and other liabilities
This category fluctuated moderately between approximately 3.6% and 8.43%, with no persistent increase or decrease. The movement suggests typical short-term liabilities related to operations were relatively stable but subject to some quarter-to-quarter variation.
Current liabilities
Current liabilities as a percentage of total capital ranged mainly from 8.1% to 15.91%. The early part of the dataset saw a higher concentration of current liabilities, followed by a relative decline through mid-2022 before slightly rising again in 2023. This indicates some variability in the short-term financing and obligations components over time.
Long-term debt, net
Long-term debt showed a notable decline from around 23.87% in early 2018 to a lower level near 12.67% by mid-2023. This represents a steady reduction in reliance on long-term borrowing relative to the total liabilities and equity base, suggesting efforts to deleverage or shift the capital structure towards equity financing or lower debt levels.
Deferred income taxes, net
There was a significant spike in deferred income taxes around December 2018 (2.54%) that reduced gradually in subsequent quarters to a low of about 0.11% by mid-2023. This pattern may reflect timing differences or changes in tax strategies, with deferred taxes becoming a less material part of liabilities over time.
Other liabilities
Other liabilities steadily declined from around 6.76% in early 2018 to about 2.66% by mid-2023. This continuous decrease points to a reduction in miscellaneous or less-defined liabilities, which could include contingent liabilities or other accrued obligations.
Non-current liabilities
Non-current liabilities declined from approximately 30.72% in early 2018 to 15.44% by mid-2023. This decrease aligns with the reduction in long-term debt and other liabilities, indicating an overall downward trend in long-term obligations relative to the company's capital structure.
Total liabilities
Total liabilities decreased from 46.63% in early 2018 to about 27.09% by mid-2023. This marked reduction illustrates a significant shift in the balance between liabilities and shareholders’ equity, pointing towards a stronger equity base or reduced debt load.
Additional paid-in capital
Additional paid-in capital started at about 58.63% in early 2018, rose to a peak near 65.39%, then gradually declined to around 43.79% by mid-2023. The long-term downward trend indicates either less capital being raised through equity issuances or changes in accounting or capital structure methods.
Treasury stock, at cost
The treasury stock percentage improved progressively, moving from -33.29% in late 2018 to -19.51% by early 2023. This suggests a reduction in the number or value of shares held as treasury stock, potentially through sales or retirements of treasury shares, which would positively impact equity accounts.
Retained earnings
Retained earnings increased consistently over the period from 28.51% in early 2018 to approximately 50.84% in mid-2023. This strong upward trend reflects accumulated profits being retained in the company, supporting equity growth and indicating ongoing profitability or reinvestment.
Accumulated other comprehensive loss
This line item remained relatively stable around -3%, showing a slight improvement towards less negative values in recent quarters. The consistency suggests limited impact from other comprehensive income elements such as currency translation adjustments or unrealized gains/losses on securities.
Shareholders’ equity
Shareholders’ equity grew notably from about 53.37% in early 2018 to around 72.91% by mid-2023. This growth is underpinned by increasing retained earnings and reductions in liabilities. The strengthened equity base indicates improved financial stability and reduced reliance on external financing.
Total liabilities and shareholders’ equity
The total percentage remains constant at 100% across all periods, serving as the baseline metric to assess the relative proportions of liabilities and equity.