Blizzard 2009 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2009 Blizzard annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

34
ACTIVISIONBLIZZARD,INC.ANDSUBSIDIARIES
CONSOLIDATEDSTATEMENTSOFOPERATIONS
(Amountsinmillions,exceptpersharedata)
Fortheyearsended
December31,
2009
2008
2007
Netrevenues
Productsales...........................................................................................................................
$3,080
$1,872
$457
Subscription,licensing,andotherrevenues................................................................
1,199
1,154
892
Totalnetrevenues.....................................................................................................................
4,279
3,026
1,349
Costsandexpenses
Costofsales—productcosts................................................................................................
1,432
1,160
171
Costofsales—softwareroyaltiesandamortization................................................................
348
267
52
Costofsales—intellectualpropertylicenses................................................................
315
219
9
Costofsales—massivelymultiplayeronlineroleplayinggame(“MMORPG”)..................
212
193
204
Productdevelopment...............................................................................................................
627
592
397
Salesandmarketing................................................................................................................
544
464
172
Generalandadministrative................................................................................................
395
271
166
Impairmentofintangibleassets...............................................................................................
409
—
—
Restructuring...........................................................................................................................
23
93
(1)
Totalcostsandexpenses................................................................................................
4,305
3,259
1,170
Operatingincome(loss)................................................................................................
(26)
(233)
179
Investmentandotherincome(loss),net......................................................................................
18
46
(4)
Income(loss)beforeincometaxbenefit.....................................................................................
(8)
(187)
175
Incometaxbenefit.......................................................................................................................
(121)
(80)
(52)
Netincome(loss)........................................................................................................................
$113
$(107)
$227
Earnings(loss)percommonshare
Basic................................................................................................................................
$0.09
$(0.11)
$0.38
Diluted................................................................................................................................
$0.09
$(0.11)
$0.38
Weightedaveragenumberofsharesoutstanding
Basic................................................................................................................................
1,283
946
591
Diluted................................................................................................................................
1,311
946
591
TheaccompanyingnotesareanintegralpartoftheseConsolidatedFinancialStatements.