Blizzard 2005 Annual Report Download - page 58

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Consolidated Statements of Changes in Shareholders’ Equity
(In thousands)
For the years ended March 31, 2005, 2004 and 2003
Common Stock Additional
Paid-In Capital Retained
Earnings
Treasury Stock Accumulated Other
Comprehensive
Income (Loss) Shareholders’
EquityShares Amount Shares Amount
BALANCE, MARCH 31, 2002 183,103 $— $ 397,528 $ 64,384 (12,987) $ (20,323) $(11,498) $ 430,091
Components฀of฀comprehensive฀income:
฀ ฀Net฀income฀for฀the฀year — — — 66,180 — — — 66,180
฀ ฀Unrealized฀appreciation฀on฀short-term฀investments — — — — — — 134 134
฀ ฀Foreign฀currency฀translation฀adjustment — — — — — — 7,930 7,930
฀ ฀ ฀Total฀comprehensive฀income 74,244
Issuance฀of฀common฀stock฀pursuant฀to฀underwritten฀public฀offering 22,500 — 247,291 — — — — 247,291
Issuance฀of฀common฀stock฀to฀employees 7,999 — 20,547 — — — — 20,547
Issuance฀of฀common฀stock฀pursuant฀to฀warrants฀and฀common฀stock฀warrants 92 — 2,184 — — — — 2,184
Tax฀benefit฀attributable฀to฀employee฀stock฀options฀and฀common฀stock฀warrants — — 23,884 — — — — 23,884
Purchase฀of฀structured฀stock฀repurchase฀transactions — — (110,000) — — — — (110,000)
Issuance฀of฀common฀stock฀to฀effect฀business฀combinations 1,053 — 10,861 — — — — 10,861
Purchase฀of฀treasury฀shares — — — — (21,589) (101,362) — (101,362)
BALANCE, MARCH 31, 2003 214,747 — 592,295 130,564 (34,576) (121,685) (3,434) 597,740
Components฀of฀comprehensive฀income:
฀ ฀Net฀income฀for฀the฀year — — — 77,715 — — — 77,715
฀ ฀Unrealized฀depreciation฀on฀short-term฀investments — — — — — — (37) (37)
฀ ฀Foreign฀currency฀translation฀adjustment — — — — — — 13,432 13,432
฀ ฀ ฀Total฀comprehensive฀income 91,110
Issuance฀of฀common฀stock฀to฀employees 6,853 — 25,730 — — — — 25,730
Issuance฀of฀common฀stock฀pursuant฀to฀warrants฀and฀common฀stock฀warrants 558 — 1,038 — — — — 1,038
Tax฀benefit฀attributable฀to฀employee฀stock฀options฀and฀common฀stock฀warrants — — 12,417 — — — — 12,417
Structured฀stock฀repurchase฀transactions — — (52,621) — — — — (52,621)
Settlement฀of฀structured฀stock฀repurchase฀transactions — — 176,521 — (2,288) (10,000) — 166,521
Issuance฀of฀common฀stock฀to฀effect฀business฀combinations 344 — 3,246 — — — — 3,246
Purchase฀of฀treasury฀shares — — — — (2,530) (12,443) — (12,443)
BALANCE, MARCH 31, 2004 222,502 — 758,626 208,279 (39,394) (144,128) 9,961 832,738
Components฀of฀comprehensive฀income:
฀ ฀Net฀income฀for฀the฀year — — — 138,335 — — — 138,335
฀ ฀Unrealized฀depreciation฀on฀short-term฀investments — — — — — — (3,317) (3,317)
฀ ฀Foreign฀currency฀translation฀adjustment — — — — — — 4,974 4,974
฀ ฀ ฀Total฀comprehensive฀income 139,992
Issuance฀of฀common฀stock฀to฀employees 16,691 — 68,192 — — — — 68,192
Issuance฀of฀common฀stock฀pursuant฀to฀warrants฀and฀common฀stock฀warrants 1,123 — 4,462 — — — — 4,462
Tax฀benefit฀attributable฀to฀employee฀stock฀options฀and฀common฀stock฀warrants — — 53,337 — — — — 53,337
Issuance฀of฀common฀stock฀to฀effect฀business฀combinations 109 — 1,191 — — — — 1,191
Retirement฀of฀treasury฀shares (39,394)—(144,128)— 39,394 144,128 — —
BALANCE, MARCH 31, 2005 201,031 $— $ 741,680 $ 346,614 — $ —- $ 11,618 $1,099,912
The accompanying notes are an integral part of these consolidated financial statements.
page 56
Activision, Inc. — 2005 Annual Report
page 57
Activision, Inc. — 2005 Annual Report