Activision 2015 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2015 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 108

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

1Non-GAAPfreecashowrepresentsoperatingcashowminuscapitalexpenditures.
2 TTMrepresentstrailingtwelvemonths.OperatingCashFlowforthethreemonthsendedDecember31,2013,threemonthsendedSeptember30,2013,three
monthsendedJune30,2013,andthreemonthsendedMarch31,2013was$880million,$(50)million,$109million,and$325million,respectively.Capital
ExpendituresforthethreemonthsendedDecember31,2013,threemonthsendedSeptember30,2013,threemonthsendedJune30,2013,andthreemonthsended
March31,2013was$16million,$22million,$19million,and$17million,respectively.
Year over Year
December 31, March 31, June 30, September 30, December 31, % Increase
Three Months Ended 2013 2014 2014 2014 2014 (Decrease)
Cash Flow Data
OperatingCashFlow $ 880 $ 136 $ 106  $ (145) $ 1,195 36%
 CapitalExpenditures 16 37 25 28 17 6
 Non-GAAPFreeCashFlow1  864  99  81  (173) 1,178 36
 OperatingCashFlow-TTM2  1,264  1,075  1,072  977  1,292 2
 CapitalExpenditures-TTM2  74  94  100  106  107 45
 Non-GAAPFreeCashFlow-TTM2 $ 1,190 $ 981 $ 972 $ 871 $ 1,185 —%
Year over Year
March 31, June 30, September 30, December 31, % Increase
Three Months Ended 2015 2015 2015 2015 (Decrease)
Cash Flow Data
OperatingCashFlow $ 209  $ 135  $ (181) $ 1,029 (14)%
 CapitalExpenditures 21 28 46 16 (6)
 Non-GAAPFreeCashFlow1    188  107  (227)  1,013 (14)
 OperatingCashFlow-TTM2    1,365  1,394  1,358  1,192 (8)
 CapitalExpenditures-TTM2   91  94  112  111 4)
 Non-GAAPFreeCashFlow-TTM2 $ 1,274 $ 1,300 $ 1,246 $ 1,081 (9)%
ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION
(Amountsinmillions)
Three Months Ended
Three Months Ended
87
86
10-K Activision_Master_032816_930pm_PrinterMarksAdded.pdf 87 3/28/16 9:26 PM