Acquried by Microsoft in Oct 2023
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ATVI - Activision Blizzard, Inc.

NASDAQ -> Communication Services -> Electronic Gaming & Multimedia
Santa Monica, United States
Type: Equity

ATVI price evolution
ATVI
(in millions $) 30 Jun 2023 31 Mar 2023 31 Jan 2023 30 Sep 2022
Current assets
Cash $10770 $9236 $421 $7743
Short term investments $2314 $3280 $4932 $2945
Net receivables $1035 $764 $1204 $658
Inventory
Total current assets $15496 $14519 $14469 $13110
Long term investments
Property, plant & equipment $204 $199 $193 $171
Goodwill & intangible assets $11812 $11703 $11652 $11543
Total noncurrent assets $13022 $12874 $12914 $12510
Total investments $2314 $3280 $4932 $2945
Total assets $28518 $27393 $27383 $25620
Current liabilities
Accounts payable $225 $177 $324 $229
Deferred revenue $1877 $1653 $2088 $979
Short long term debt
Total current liabilities $3322 $2817 $3555 $2278
Long term debt $3612 $3611 $3611 $3610
Total noncurrent liabilities $4403 $4461 $4585 $4534
Total debt $3612 $3611 $3611 $3610
Total liabilities $7725 $7278 $8140 $6812
Shareholders' equity
Retained earnings $14498 $13911 $13171 $12768
Other shareholder equity -$631 -$629 -$625 -$589
Total shareholder equity $20793 $20115 $19243 $18808
(in millions $) 31 Jan 2023 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $421 $10423 $8647 $5794
Short term investments $4932 $164 $65
Net receivables $1204 $972 $1052 $848
Inventory $32
Total current assets $14469 $12556 $10565 $7292
Long term investments
Property, plant & equipment $193 $169 $209 $253
Goodwill & intangible assets $11652 $10906 $10728 $10671
Total noncurrent assets $12914 $12500 $12544 $12553
Total investments $4932
Total assets $27383 $25056 $23109 $19845
Current liabilities
Accounts payable $324 $285 $295 $292
Deferred revenue $2088 $1118 $1689 $1375
Short long term debt
Total current liabilities $3555 $2411 $3100 $2915
Long term debt $3611 $3608 $3605 $2675
Total noncurrent liabilities $4585 $5046 $4972 $4125
Total debt $3611 $3608 $3605 $2675
Total liabilities $8140 $7457 $8072 $7040
Shareholders' equity
Retained earnings $13171 $12025 $9691 $7813
Other shareholder equity -$625 -$578 -$622 -$619
Total shareholder equity $19243 $17599 $15037 $12805
(in millions $) 30 Jun 2023 31 Mar 2023 31 Dec 2022 30 Sep 2022
Revenue
Total revenue $2207 $2383 $2334 $1782
Cost of revenue $656 $665 $756 $502
Gross Profit $1551 $1718 $1578 $1280
Operating activities
Research & development $405 $402 $486 $277
Selling, general & administrative $563 $516 $724 $516
Total operating expenses $968 $918 $1210 $795
Operating income $583 $800 $368 $485
Income from continuing operations
EBIT $751 $922 $550 $485
Income tax expense $137 $155 $55 $65
Interest expense $27 $27 $92 -$15
Net income
Net income $587 $740 $403 $435
Income (for common shares) $587 $740 $403 $435
(in millions $) 31 Dec 2022 31 Jan 2022 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $7528 $8086 $6489
Cost of revenue $2222 $2260 $2094
Gross Profit $5306 $5826 $4395
Operating activities
Research & development $1421 $1150 $998
Selling, general & administrative $2218 $1848 $1658
Total operating expenses $3636 $3092 $2788
Operating income $1670 $2734 $1607
Income from continuing operations
EBIT $1852 $2703 $1607
Income tax expense $231 $419 $130
Interest expense $108 $87 -$26
Net income
Net income $1513 $2197 $1503
Income (for common shares) $1513 $2197 $1503
(in millions $) 30 Jun 2023 31 Mar 2023 31 Dec 2022 30 Sep 2022
Net income $587 $740 $403 $435
Operating activities
Depreciation $148 $144 $121 $56
Business acquisitions & disposals
Stock-based compensation $102 $124 $161 $102
Total cash flows from operations $590 $577 $1123 $257
Investing activities
Capital expenditures -$23 -$37 -$24 -$15
Investments $989 $1700 -$1778 -$2924
Total cash flows from investing $966 $1663 -$1801 -$2940
Financing activities
Dividends paid
Sale and purchase of stock $12 $13 $6 $4
Net borrowings
Total cash flows from financing -$26 -$71 -$61 -$6
Effect of exchange rate $4 $8 $56 -$52
Change in cash and equivalents $1534 $2177 -$683 -$2741
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income $1513 $2699 $2197 $1503
Operating activities
Depreciation $396 $181 $262 $392
Business acquisitions & disposals -$135
Stock-based compensation $462 $508 $218 $166
Total cash flows from operations $2220 $2414 $2252 $1831
Investing activities
Capital expenditures -$91 -$80 -$78 -$116
Investments -$4769 $32 -$100 $88
Total cash flows from investing -$4994 -$59 -$178 -$22
Financing activities
Dividends paid -$367 -$365 -$316 -$283
Sale and purchase of stock $47 $90 $170 $105
Net borrowings $924
Total cash flows from financing -$534 -$521 $711 -$237
Effect of exchange rate -$44 -$48 $69 -$3
Change in cash and equivalents -$3352 $1786 $2854 $1569
Fundamentals
Market cap $74.27B
Enterprise value $67.12B
Shares outstanding 786.64M
Revenue $8.71B
EBITDA $3.18B
EBIT $2.71B
Net Income $2.17B
Revenue Q/Q 34.25%
Revenue Y/Y N/A
P/E ratio 34.31
EV/Sales 7.71
EV/EBITDA 21.13
EV/EBIT 24.78
P/S ratio 8.53
P/B ratio 3.47
Book/Share 27.23
Cash/Share 13.69
EPS $2.75
ROA 7.95%
ROE 10.97%
Debt/Equity 0.42
Net debt/EBITDA -0.96
Current ratio 4.66
Quick ratio 4.66