Name: Activision Blizzard Inc. (NASDAQ:ATVI) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Activision Blizzard Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	1,513)	2,699)	2,197)	1,503)	1,813)
Foreign currency translation adjustments, net of tax	(30)	(17)	35)	5)	(9)
Unrealized gains (losses) on forward contracts designated as hedges, net of tax	(14)	53)	(36)	(15)	38)
Unrealized gains (losses) on available-for-sale securities, net of tax	(3)	8)	(2)	(8)	5)
Other comprehensive income (loss)	(47)	44)	(3)	(18)	34)
Comprehensive income	1,466)	2,743)	2,194)	1,485)	1,847)

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).

Net income demonstrated significant volatility over the five-year period from 2018 to 2022. After a decrease in 2019, a period of growth occurred, culminating in a peak of $2,699 million in 2021. This growth trend reversed sharply in 2022, with net income falling to $1,513 million.

Foreign Currency Translation Adjustments: Translation adjustments showed inconsistent performance, fluctuating between gains and losses. A peak positive adjustment of $35 million was recorded in 2020, followed by a downward trend that resulted in a loss of $30 million by 2022.
Forward Contract Hedging: Unrealized gains and losses on forward contracts designated as hedges exhibited the highest variance among the components of other comprehensive income. Values shifted from a loss of $36 million in 2020 to a gain of $53 million in 2021, before returning to a loss of $14 million in 2022.
Available-for-Sale Securities: The impact of available-for-sale securities remained marginal throughout the period, with unrealized gains and losses fluctuating within a narrow range between -$8 million and $8 million.

Other comprehensive income exhibited an unstable pattern, contributing positively in 2018 and 2021, while resulting in losses in 2019, 2020, and 2022. The most substantial negative impact was observed in 2022, with a total other comprehensive loss of $47 million. As a result, comprehensive income followed the trajectory of net income, reaching its maximum value of $2,743 million in 2021 before declining to $1,466 million in 2022.

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