Blizzard 2009 Annual Report Download - page 45

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33
ACTIVISIONBLIZZARD,INC.ANDSUBSIDIARIES
CONSOLIDATEDBALANCESHEETS
(Amountsinmillions,exceptsharedata)
At
December31,
2009
At
December31,
2008
Assets
Currentassets:
Cashandcashequivalents..............................................................................................
$2,768
$2,958
Shortterminvestments................................................................................................
477
44
Accountsreceivable,netofallowancesof$317millionand$268million
atDecember31,2009and2008,respectively............................................................
739
974
Inventories......................................................................................................................
241
262
Softwaredevelopment................................................................................................
224
235
Intellectualpropertylicenses..........................................................................................
55
35
Deferredincometaxes,net.............................................................................................
498
536
Intangibleassets,net................................................................................................
—
14
Othercurrentassets................................................................................................
327
201
Totalcurrentassets................................................................................................
5,329
5,259
Longterminvestments................................................................................................
23
78
Softwaredevelopment................................................................................................
10
1
Intellectualpropertylicenses..........................................................................................
28
5
Propertyandequipment,net...........................................................................................
138
149
Otherassets.....................................................................................................................
9
30
Intangibleassets,net................................................................................................
618
1,283
Trademarkandtradenames............................................................................................
433
433
Goodwill.........................................................................................................................
7,154
7,227
Totalassets.................................................................................................................
$13,742
$14,465
LiabilitiesandShareholders’Equity
Currentliabilities:
Accountspayable................................................................................................
$302
$319
Deferredrevenues................................................................................................
1,426
923
Accruedexpensesandotherliabilities................................................................
779
842
Totalcurrentliabilities................................................................................................
2,507
2,084
Deferredincometaxes,net.............................................................................................
270
615
Otherliabilities................................................................................................
209
239
Totalliabilities................................................................................................
2,986
2,938
Commitmentsandcontingencies(Note18)
Shareholders’equity:
Commonstock,$.000001parvaluepershare,2,400,000,000shares
authorized,1,364,117,675and1,325,206,032sharesissuedat
December31,2009and2008,respectively................................................................
—
—
Additionalpaidincapital...............................................................................................
12,376
12,170
Less:Treasurystock,atcost,113,686,498and12,967,265sharesat
December31,2009and2008,respectively................................................................
(1,235)
(126)
Accumulateddeficit................................................................................................
(361)
(474)
Accumulatedothercomprehensiveloss................................................................
(24)
(43)
Totalshareholders’equity..........................................................................................
10,756
11,527
Totalliabilitiesandshareholders’equity................................................................
$13,742
$14,465
TheaccompanyingnotesareanintegralpartoftheseConsolidatedFinancialStatements.