Blizzard 2015 Annual Report Download - page 20

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2
SELECTED FINANCIAL DATA
The terms “Activision Blizzard,” the “Company,” “we,” “us,” and “our” are used to refer collectively to Activision Blizzard, Inc. and
its subsidiaries.
The following table summarizes certain selected consolidated financial data, which should be read in conjunction with our
Consolidated Financial Statements and Notes thereto and with Management’s Discussion and Analysis of Financial Condition and
Results of Operations included elsewhere in this Annual Report. The selected consolidated financial data presented below at and for
each of the years in the five-year period ended December 31, 2015 is derived from our Consolidated Financial Statements. All
amounts set forth in the following tables are in millions, except per share data.
For the Years Ended December 31,
2015
2014
2013
2012
2011
Statement of Operations Data:
Net Revenues ...................................................................................
$ 4,664
$ 4,408
$ 4,583
$ 4,856
$ 4,755
Net income .......................................................................................
892
835
1,010
1,149
1,085
Basic net income per share ...............................................................
1.21
1.14
0.96
1.01
0.93
Diluted net income per share ............................................................
1.19
1.13
0.95
1.01
0.92
Cash dividends declared per share(1) ..............................................
0.23
0.20
0.19
0.18
0.165
Balance Sheet Data:
Total assets(2) ..................................................................................
$ 15,251
$ 14,642
$ 13,953
$ 14,181
$ 13,228
Total debt, net(3) ..............................................................................
4,079
4,324
4,693
—
—
(1) On February 3, 2015, our Board of Directors declared a cash dividend of $0.23 per share, payable on May 13, 2015, to
shareholders of record at the close of business on March 30, 2015. On February 6, 2014, our Board of Directors declared a
cash dividend of $0.20 per share, payable on May 14, 2014, to shareholders of record at the close of business on March 19,
2014. On February 7, 2013, our Board of Directors declared a cash dividend of $0.19 per share, payable on May 15, 2013, to
shareholders of record at the close of business on March 20, 2013. On February 9, 2012, our Board of Directors declared a
cash dividend of $0.18 per share, payable on May 16, 2012, to shareholders of record at the close of business on March 21,
2012. On February 9, 2011, our Board of Directors declared a cash dividend of $0.165 per share, payable on May 11, 2011,
to shareholders of record at the close of business on March 16, 2011.
(2) As of December 31, 2015, we early adopted ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes, and
retroactively applied to all prior periods presented in accordance with the requirements of the new standard. As a result of
this retroactive application of the new standard, total assets as of December 31, 2014, 2013, 2012, and 2011, were reduced by
$104 million, $59 million, $19 million, and $49 million, respectively. Refer to Note 21 of the Notes to Consolidated
Financial Statements included in this Annual Report for additional information regarding recent accounting pronouncements
and our early adoption of this new standard.
(3) In connection with the Purchase Transaction, on September 19, 2013, we issued $1.5 billion of 5.625% unsecured senior
notes due September 2021 (the “2021 Notes”), and $750 million of 6.125% unsecured senior notes due September 2023 (the
“2023 Notes”, and together with the 2021 Notes, the “Notes”). On October 11, 2013, we entered into a $2.5 billion secured
term loan facility (the “Term Loan”), maturing in October 2020. The carrying values of the Notes and Term Loan are
presented net of unamortized debt discount fees.
10-K Activision_Master_032416_PrinterMarksAdded.pdf 2 3/24/16 11:00 PM