Name: Activision Blizzard Inc. (NASDAQ:ATVI) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Activision Blizzard Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	7,060)	10,423)	8,647)	5,794)	4,225)
Held-to-maturity investments	4,932)	—)	—)	—)	—)
Accounts receivable, net	1,204)	972)	1,052)	848)	1,035)
Software development	640)	449)	352)	322)	264)
Other current assets	633)	712)	514)	328)	582)
Current assets	14,469)	12,556)	10,565)	7,292)	6,106)
Software development	641)	211)	160)	54)	65)
Property and equipment, net	193)	169)	209)	253)	282)
Deferred income taxes, net	1,201)	1,377)	1,318)	1,293)	403)
Other assets	508)	497)	641)	658)	482)
Intangible assets, net	442)	447)	451)	531)	735)
Goodwill	9,929)	9,799)	9,765)	9,764)	9,762)
Non-current assets	12,914)	12,500)	12,544)	12,553)	11,729)
Total assets	27,383)	25,056)	23,109)	19,845)	17,835)

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).

Total assets exhibited a consistent upward trajectory from 2018 to 2022, increasing from US$ 17,835 million to US$ 27,383 million. This growth was primarily driven by a substantial expansion in current assets, while non-current assets remained relatively stable, showing a modest increase from US$ 11,729 million to US$ 12,914 million over the same period.

Liquidity and Cash Management: Cash and cash equivalents grew steadily from US$ 4,225 million in 2018 to a peak of US$ 10,423 million in 2021, before declining to US$ 7,060 million in 2022. This decline in cash is offset by the introduction of held-to-maturity investments totaling US$ 4,932 million in 2022, indicating a strategic reallocation of liquid assets into interest-bearing or fixed-income instruments.
Software Development and Capitalization: There is a pronounced increase in the capitalization of software development costs. Current software development assets rose from US$ 264 million in 2018 to US$ 640 million in 2022. More significantly, non-current software development assets grew from US$ 65 million in 2018 to US$ 641 million in 2022, signaling intensified long-term investment in product development.
Intangible Assets and Goodwill: Goodwill represents the most significant component of the non-current asset base, remaining highly stable between US$ 9,762 million and US$ 9,929 million throughout the period. Conversely, net intangible assets experienced a steady decline, falling from US$ 735 million in 2018 to US$ 442 million in 2022, suggesting regular amortization without significant new acquisitions of identifiable intangible assets.
Other Asset Trends: Deferred income taxes, net, saw a sharp increase between 2018 and 2019, rising from US$ 403 million to US$ 1,293 million, before stabilizing around the US$ 1.2 billion to US$ 1.3 billion range. Property and equipment, net, remained a minor portion of the total asset base, fluctuating slightly with a general downward trend until a small recovery in 2022.

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