Blizzard 2004 Annual Report Download - page 42
Download and view the complete annual report
Please find page 42 of the 2004 Blizzard 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.Activision, Inc. — 2004 Annual Report
page 45
Accumulated
Additional Other
(In thousands) Common Stock Paid-In Retained Treasury Stock Comprehensive Shareholders’
For the years ended March 31, 2004, 2003 and 2002 Shares Amount Capital Earnings Shares Amount Income (Loss) Equity
Balance, March 31, 2001 101,813 $— $ 200,786 $ 12,146 (9,734) $ (20,249) $(11,377) $ 181,306
Components of comprehensive income:
Net income for the year — — — 52,238 — — — 52,238
Foreign currency translation adjustment — — — — — — (121) (121)
Total comprehensive income 52,117
Issuance of common stock pursuant to warrants and common stock warrants 2,332 — 1,044 — — — — 1,044
Issuance of common stock and common stock options to employees 19,740 — 63,053 — — — — 63,053
Tax benefit attributable to employee stock options and common stock warrants — — 48,513 — — — — 48,513
Issuance of common stock pursuant to conversion of convertible subordinated notes 10,716 — 58,651 — — — — 58,651
Issuance of common stock to effect business combinations 2,726 — 25,481 — — — — 25,481
Purchase of treasury shares — — — — (6) (74) — (74)
Balance, March 31, 2002 137,327 — 397,528 64,384 (9,740) (20,323) (11,498) 430,091
Components of comprehensive income:
Net income for the year — — — 66,180 — — — 66,180
Unrealized appreciation on short-term investments — — — — — — 134 134
Foreign currency translation adjustment — — — — — — 7,930 7,930
Total comprehensive income 74,244
Issuance of common stock pursuant to underwritten public offering 16,875 — 247,291 — — — — 247,291
Issuance of common stock to employees 5,999 — 20,547 — — — — 20,547
Issuance of common stock pursuant to warrants and common stock warrants 69 — 2,184 — — — — 2,184
Tax benefit attributable to employee stock options and common stock warrants — — 23,884 — — — — 23,884
Purchase of structured stock repurchase transactions — — (110,000) — — — — (110,000)
Issuance of common stock to effect business combinations 790 — 10,861 — — — — 10,861
Purchase of treasury shares — — — — (16,192) (101,362) — (101,362)
Balance, March 31, 2003 161,060 — 592,295 130,564 (25,932) (121,685) (3,434) 597,740
Components of comprehensive income:
Net income for the year — — — 77,715 — — — 77,715
Unrealized depreciation on short-term investments — — — — — — (37) (37)
Foreign currency translation adjustment — — — — — — 13,432 13,432
Total comprehensive income 91,110
Issuance of common stock to employees 5,140 — 25,730 — — — — 25,730
Issuance of common stock pursuant to warrants and common stock warrants 419 — 1,038 — — — — 1,038
Tax benefit attributable to employee stock options and common stock warrants — — 12,417 — — — — 12,417
Structured stock repurchase transactions — — (52,621) — — — — (52,621)
Settlement of structured stock repurchase transactions — — 176,521 — (1,716) (10,000) — 166,521
Issuance of common stock to effect business combinations 258 — 3,246 — — — — 3,246
Purchase of treasury shares — — — — (1,898) (12,443) — (12,443)
Balance, March 31, 2004 166,877 $— $ 758,626 $208,279 (29,546) $(144,128) $ 9,961 $ 832,738
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Changes in Shareholders’ Equity
Activision, Inc. — 2004 Annual Report
page 44