Activision 2013 Annual Report Download - page 26
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7
Consolidated Statements of Operations Data
The following table sets forth consolidated statements of operations data for the periods indicated in dollars and as a
percentage of total net revenues (amounts in millions):
For the Years Ended December 31,
2013 2012 2011
Net revenues:
Product sales ......................................................................................
.
$ 3,201 70% $ 3,620 75% $ 3,257 68%
Subscription, licensing, and other revenues......................................
.
1,382 30 1,236 25 1,498 32
Total net revenues ........................................................................
.
4,583 100 4,856 100 4,755 100
Costs and expenses:
Cost of sales—product costs .............................................................
.
1,053 23 1,116 23 1,134 24
Cost of sales—online subscriptions ..................................................
.
204 4 263 5 255 5
Cost of sales—software royalties and amortization .........................
.
187 4 194 4 218 5
Cost of sales—intellectual property licenses ....................................
.
87 2 89 2 165 3
Product development .........................................................................
.
584 13 604 12 629 13
Sales and marketing ..........................................................................
.
606 13 578 12 545 11
General and administrative ...............................................................
.
490 11 561 12 456 10
Restructuring .....................................................................................
.
— — — — 25 1
Total costs and expenses ..............................................................
.
3,211 70 3,405 70 3,427 72
Operating income ...................................................................................
.
1,372 30 1,451 30 1,328 28
Interest and other investment income (expense), net .............................
.
(53) (1) 7 — 3 —
Income before income tax expense ........................................................
.
1,319 29 1,458 30 1,331 28
Income tax expense ................................................................................
.
309 7309 6 246 5
Net income .............................................................................................
.
$ 1,010 22% $ 1,149 24% $ 1,085 23%