The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Activision Blizzard Inc., consolidated income statement (quarterly data)
US$ in millions
3 months ended:
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
Dec 31, 2017
Sep 30, 2017
Jun 30, 2017
Mar 31, 2017
Dec 31, 2016
Sep 30, 2016
Jun 30, 2016
Mar 31, 2016
Dec 31, 2015
Sep 30, 2015
Jun 30, 2015
Mar 31, 2015
Product sales
408
533
543
700
260
359
656
808
263
464
720
736
384
481
509
695
355
501
645
710
425
528
784
Subscription, licensing, and other revenues
1,546
1,399
1,245
1,286
1,022
1,037
1,169
1,574
1,249
1,177
1,245
1,306
1,234
1,150
1,217
1,320
1,213
1,069
810
642
565
516
494
Net revenues
1,954
1,932
1,788
1,986
1,282
1,396
1,825
2,382
1,512
1,641
1,965
2,042
1,618
1,631
1,726
2,015
1,568
1,570
1,455
1,352
990
1,044
1,278
Product costs
(101)
(137)
(119)
(268)
(137)
(99)
(152)
(304)
(127)
(126)
(162)
(311)
(149)
(130)
(143)
(312)
(111)
(149)
(169)
(344)
(179)
(147)
(202)
Software royalties, amortization, and intellectual property licenses
(37)
(33)
(82)
(69)
(9)
(51)
(111)
(156)
(20)
(49)
(146)
(100)
(37)
(75)
(88)
(81)
(42)
(80)
(128)
(97)
(62)
(70)
(141)
Cost of revenues, product sales
(138)
(170)
(201)
(337)
(146)
(150)
(263)
(460)
(147)
(175)
(308)
(411)
(186)
(205)
(231)
(393)
(153)
(229)
(297)
(441)
(241)
(217)
(343)
Game operations and distribution costs
(290)
(271)
(258)
(250)
(246)
(230)
(239)
(251)
(257)
(250)
(270)
(267)
(249)
(236)
(232)
(231)
(237)
(241)
(142)
(83)
(71)
(61)
(59)
Software royalties, amortization, and intellectual property licenses
(41)
(28)
(46)
(69)
(50)
(53)
(61)
(121)
(109)
(85)
(84)
(125)
(117)
(120)
(122)
(152)
(139)
(128)
(52)
(14)
(25)
(19)
(11)
Cost of revenues, subscription, licensing, and other revenues
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
Activision Blizzard Inc.’s net revenues increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Operating income
The net result for the period of deducting operating expenses from operating revenues.
Activision Blizzard Inc.’s operating income increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Income before income tax (expense) benefit
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.’s income before income tax (expense) benefit increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 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.’s net income increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.