Activision 2008 Annual Report Download - page 51

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37
ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
For the years ended December 31, 2008, 2007 and 2006
(Amounts in millions)
Common Stock
Shares
Issued Amount
Additional
Paid-In
Capital Treasury
Stock
Net
Payable
to
Vivendi Accumulated
Deficit
Accumulated
Other
Comp.
Income
(Loss)
Total
Shareholders’
Equity
Balance at December 31, 2005(1) ........
.
591 $— $603 $— $367 $(733) $25 $262
Net transfers to Vivendi..........................
.
— — (64) — 5 — — (59)
Components of comprehensive
income:
Net income.........................................
.
— — — — — 139 — 139
Foreign currency translation
adjustment.....................................
.
— — — — — — 9 9
Total comprehensive income........
.
148
Reclassification of Vivendi stock
options to liability awards..................
.
— — (4) — — — — (4)
Balance at December 31, 2006(1) ........
.
591 $— $535 $— $372 $(594) $34 $347
Net transfers to Vivendi..........................
.
— — (45) — (295) — — (340)
Components of comprehensive
income:
Net income (As Adjusted) .................
.
— — — — — 227 — 227
Foreign currency translation
adjustment.....................................
.
— — — — — — 6 6
Total comprehensive income........
.
233
Balance at December 31, 2007
(As Adjusted)(1) ...............................
.
591 $— $490 $— $77 $(367) $40 $240
Settlement of payable to Vivendi (see
Note 23)..............................................
.
— — (2) — (77) — — (79)
Components of comprehensive loss:
Net loss...............................................
.
— — — — — (107) — (107)
Unrealized depreciation on short-
term investments, net of taxes ......
.
— — — — — — (2) (2)
Foreign currency translation
adjustment.....................................
.
— — — — — — (81) (81)
Total comprehensive loss .............
.
(190)
Purchase consideration upon the
business combination (see Note 4) ....
.
602 — 9,919 — — — — 9,919
Issuance of additional common stock
related to the business combination
(see Note 1)........................................
.
126 — 1,731 — — — — 1,731
Tender offer (see Note 1)........................
.
— — (2) — — — — (2)
Issuance of common stock pursuant to
employee stock options, restricted
stock rights, and warrants ..................
.
6 — 22 — — — — 22
Stock-based compensation cost related
to employee stock options and
restricted stock
rights........................................................
.
— — 89 — — — — 89
Excess tax benefit associated with
employee stock options......................
.
— — 2 — — — — 2
Shares repurchased (see Note 20)...........
.
(13) — — (126) — — — (126)
Return of capital to Vivendi (see
Note 23)..............................................
.
— — (79) — — — — (79)
Balance at December 31, 2008.............
.
1,312 $— $12,170 $(126) $— $(474) $(43) $11,527