Blizzard 2009 Annual Report Download - page 98
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COMPARISONOF6YEARCUMULATIVETOTALRETURN*
AmongActivisionBlizzard,Inc.,TheNASDAQCompositeIndex
AndTheRDGTechnologyCompositeIndex
* 100investedon3/31/04instockorindex,includingreinvestmentofdividends.Fiscalyearending
December31.
Thestockpriceperformanceincludedinthisgraphisnotnecessarilyindicativeoffuturestockprice
performance.
CashDividends
OnFebruary10,2010ActivisionBlizzard’sBoardofDirectorsdeclaredacashdividendof$0.15
percommonsharepayableonApril2,2010toshareholdersofrecordatthecloseofbusinesson
February22,2010.Althoughweexpectdividendstobeanannualoccurrence,futuredividendswilldepend
uponourearnings,financialcondition,cashrequirements,futureprospects,andotherfactorsdeemed
relevantbyourBoardofDirectors.Wedidnotpaycashdividendsin2008or2009.
UponcompletionoftheBusinessCombinationonJuly9,2008,VivendiGamesreturned
$79millionofcapitaltoVivendianddistributeditsexcesscashonhand,asdefinedintheBusiness
CombinationAgreement,of$79milliontoVivendi.
ReturnofcapitaltoVivendirelatedtosettlementofpreBusinessCombinationtaxes
PriortotheBusinessCombination,VivendiGames’incometaxesarepresentedinthefinancial
statementsasifVivendiGameswereastandalonetaxpayereventhoughVivendiGames’operatingresults
areincludedintheconsolidatedfederal,certainforeign,andstateandlocalincometaxreturnsofVivendi
orVivendi’ssubsidiaries.BasedonthesubsequentfilingofthesetaxreturnsbyVivendiorVivendi’s
subsidiaries,wedeterminedthattheamountpaidbyVivendiGameswasgreaterthantheactualamountdue
(andsettled)baseduponfilingofthesereturns.Thisdifferencebetweentheamountpaidandtheactual
amountdue(andsettled)representsareturnofcapitaltoVivendi,whichwasrequiredinaccordancewith
3/04
3/05
3/06
3/07
3/08
12/08
12/09
ActivisionBlizzard,Inc.
100.00
124.74
154.97
212.84
306.90
194.18
249.70
NASDAQComposite
100.00
102.04
118.97
126.37
116.84
80.73
116.61
RDGTechnologyComposite
100.00
96.69
114.09
118.05
113.80
76.05
122.68