Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Activision Blizzard Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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	225)	177)	324)	229)	197)	207)	285)	248)	217)	225)	295)	224)	177)	158)	292)	274)	180)	166)	253)	312)	167)	172)
Deferred revenues	1,877)	1,653)	2,088)	979)	847)	835)	1,118)	844)	1,058)	1,459)	1,689)	1,108)	1,222)	1,064)	1,375)	695)	728)	931)	1,493)	1,017)	832)	1,204)
Accrued expenses and other liabilities	1,220)	987)	1,143)	1,070)	980)	1,249)	1,008)	924)	978)	1,497)	1,116)	855)	1,158)	1,338)	1,248)	782)	731)	1,198)	896)	1,053)	1,061)	1,551)
Current liabilities	3,322)	2,817)	3,555)	2,278)	2,024)	2,291)	2,411)	2,016)	2,253)	3,181)	3,100)	2,187)	2,557)	2,560)	2,915)	1,751)	1,639)	2,295)	2,642)	2,382)	2,060)	2,927)
Long-term debt, net	3,612)	3,611)	3,611)	3,610)	3,609)	3,608)	3,608)	3,607)	3,606)	3,606)	3,605)	3,604)	2,676)	2,675)	2,675)	2,674)	2,673)	2,672)	2,671)	2,670)	4,394)	4,392)
Deferred income taxes, net	32)	32)	158)	98)	251)	375)	506)	433)	511)	365)	418)	480)	436)	458)	505)	23)	20)	22)	18)	11)	13)	16)
Other liabilities	759)	818)	816)	826)	862)	907)	932)	971)	916)	942)	949)	924)	869)	890)	945)	1,122)	1,186)	1,363)	1,147)	991)	1,145)	1,243)
Non-current liabilities	4,403)	4,461)	4,585)	4,534)	4,722)	4,890)	5,046)	5,011)	5,033)	4,913)	4,972)	5,008)	3,981)	4,023)	4,125)	3,819)	3,879)	4,057)	3,836)	3,672)	5,552)	5,651)
Total liabilities	7,725)	7,278)	8,140)	6,812)	6,746)	7,181)	7,457)	7,027)	7,286)	8,094)	8,072)	7,195)	6,538)	6,583)	7,040)	5,570)	5,518)	6,352)	6,478)	6,054)	7,612)	8,578)
Common stock, $0.000001 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	12,489)	12,396)	12,260)	12,192)	12,069)	11,927)	11,715)	11,640)	11,621)	11,549)	11,531)	11,395)	11,300)	11,213)	11,174)	11,116)	11,063)	11,004)	10,963)	10,928)	10,867)	10,786)
Treasury stock, at cost	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)	(5,563)
Retained earnings	14,498)	13,911)	13,171)	12,768)	12,333)	12,053)	12,025)	11,460)	10,821)	9,945)	9,691)	9,183)	8,579)	7,999)	7,813)	7,289)	7,085)	6,757)	6,558)	5,907)	5,647)	5,245)
Accumulated other comprehensive loss	(631)	(629)	(625)	(589)	(591)	(586)	(578)	(587)	(593)	(600)	(622)	(633)	(634)	(628)	(619)	(607)	(608)	(602)	(601)	(613)	(605)	(649)
Shareholders’ equity	20,793)	20,115)	19,243)	18,808)	18,248)	17,831)	17,599)	16,950)	16,286)	15,331)	15,037)	14,382)	13,682)	13,021)	12,805)	12,235)	11,977)	11,596)	11,357)	10,659)	10,346)	9,819)
Total liabilities and shareholders’ equity	28,518)	27,393)	27,383)	25,620)	24,994)	25,012)	25,056)	23,977)	23,572)	23,425)	23,109)	21,577)	20,220)	19,604)	19,845)	17,805)	17,495)	17,948)	17,835)	16,713)	17,958)	18,397)

The quarterly financial data exhibits several notable trends and fluctuations in the company's liabilities, equity, and related financial metrics over the period from March 2018 through June 2023.

Accounts Payable: This liability category shows variability without a clear upward or downward trend, fluctuating between approximately 158 million US$ and 324 million US$ over the reported periods. Peaks are observable late in 2020 and 2022, indicating potential changes in supplier credit terms or short-term payment strategies.
Deferred Revenues: Deferred revenues present a cyclical pattern, with quarters typically displaying fluctuations that possibly correspond to seasonality in the company’s revenue recognition. Values range broadly from around 695 million US$ to over 2 billion US$, with notable spikes at year-end quarters, especially December 2022. This suggests an increase in prepayments or contract liabilities towards these periods.
Accrued Expenses and Other Liabilities: This line item exhibits periodic rises and falls, generally staying within a range of approximately 700 million US$ to 1.5 billion US$. Changes may be associated with operational costs or variable accrual policies across quarters.
Current Liabilities: Current liabilities fluctuate substantially, corresponding partly with changes in accounts payable, accrued expenses, and deferred revenues. The range moves from around 1.6 billion US$ to over 3.5 billion US$, with pronounced peaks occurring at year-ends, indicating seasonal or operational cyclical effects on short-term obligations.
Long-term Debt, Net: Long-term debt remains mostly stable across the periods with a significant increase occurring between June 2020 and September 2020, rising from approximately 2.7 billion US$ to 3.6 billion US$. Post this rise, the amount remains constant around 3.6 billion US$. This increase reflects a significant debt issuance or refinancing during 2020.
Deferred Income Taxes, Net: Deferred income taxes exhibit a considerable jump in late 2018 to early 2019, from low double-digit millions to over 500 million US$, and maintain fluctuating levels thereafter. The elevated balance in this period might indicate changes in tax timing differences or tax regulation impacts.
Other Liabilities: This category trends downward slightly from approximately 1.2 billion US$ to under 800 million US$, indicating a slow reduction or reclassification of other liabilities over time.
Non-current Liabilities: Non-current liabilities remain relatively stable with minor fluctuations, mostly within the range of 3.8 billion US$ to 5 billion US$. These variations are consistent with the changes seen in long-term debt and deferred tax liabilities.
Total Liabilities: Total liabilities exhibit volatility corresponding to movements in both current and non-current liabilities. The range is from about 5.5 billion US$ to over 8 billion US$, with peaks occurring typically at December quarters of 2020 and 2022, aligning with elevated deferred revenues and accrued expenses.
Additional Paid-in Capital: This equity component shows a steady, gradual increase from about 10.8 billion US$ to nearly 12.5 billion US$, indicating consistent capital contributions or share issuances over time.
Treasury Stock, at Cost: The treasury stock balance remains constant at approximately -5.6 billion US$, indicating no substantial repurchase or reissuance of shares during the period.
Retained Earnings: Retained earnings reflect continuous growth from roughly 5.2 billion US$ to nearly 14.5 billion US$, pointing to accumulated profits being retained in the business over the periods analyzed.
Accumulated Other Comprehensive Loss: This item remains fairly stable with slight fluctuations around -600 million US$. There are no significant movements, suggesting relatively steady comprehensive income components such as foreign currency adjustments or unrealized losses/gains.
Shareholders’ Equity: Shareholders’ equity increases consistently from approximately 9.8 billion US$ to over 20.7 billion US$, supported mainly by increases in retained earnings and additional paid-in capital. This trend indicates overall growth in the company's net worth during the reporting period.
Total Liabilities and Shareholders’ Equity: The aggregate of liabilities and equity steadily rises from about 18.4 billion US$ to nearly 28.5 billion US$, reflecting overall expansion of the company's asset base funded through a combination of liabilities and shareholders’ equity.

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Activision Blizzard Inc. (NASDAQ:ATVI)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data