Activision 2009 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2009 Activision 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 94

  • 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

73
COMPARISON OF 69 MONTH CUMULATIVE TOTAL RETURN*
Among Activision Blizzard, Inc., the NASDAQ Composite Index
and the RDG Technology Composite Index
* 100 invested on 3/31/05 in stock or index, including reinvestment of dividends.
Fiscal year ending December 31.
3/05 3/06 3/07 3/08 12/08 12/09 12/10
Activision Blizzard, Inc. ........................................ 100.00 124.23 170.63 246.04 155.68 200.18 227.24
NASDAQ Composite ............................................. 100.00 116.44 123.31 117.13 80.99 117.60 138.24
RDG Technology Composite ................................. 100.00 118.16 122.41 118.74 79.77 128.27 144.98
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Cash Dividends
On February 9, 2011, our Board of Directors approved a cash dividend of $0.165 per common share payable on
May 11, 2011 to shareholders of record of the Company’s common stock on March 16, 2011. On February 10, 2010, our
Board of Directors declared a cash dividend of $0.15 per common share payable on April 2, 2010 to shareholders of record at
the close of business on February 22, 2010 and, on April 2, 2010, we made a cash dividend payment to such shareholders.
Additionally, on October 22, 2010, the Company made dividend equivalent payments related to the 2010 cash dividend to the
holders of restricted stock units. We did not pay cash dividends in 2009.
Upon completion of the Business Combination on July 9, 2008, Vivendi Games returned $79 million of capital to
Vivendi and distributed its excess cash on-hand, as defined in the Business Combination Agreement, of $79 million to
Vivendi.
Future dividends will depend upon our earnings, financial condition, cash requirements, future prospects, and other
factors deemed relevant by our Board of Directors. There can be no assurances that dividends will be declared in the future.
Return of capital to Vivendi related to settlement of pre-Business Combination taxes
Prior to the Business Combination, Vivendi Games’ income taxes are presented in the financial statements as if
Vivendi Games were a stand-alone taxpayer even though Vivendi Games’ operating results are included in the consolidated
federal, certain foreign, and state and local income tax returns of Vivendi or Vivendi’s subsidiaries. Based on the subsequent