Blizzard 2009 Annual Report Download - page 13
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SELECTEDFINANCIALDATA
OnJuly9,2008,abusinesscombination(the“BusinessCombination”)byandamong
Activision,Inc.,SegoMergerCorporation,awhollyownedsubsidiaryofActivision,Inc.,VivendiS.A.
(“Vivendi”),VGACLLC,awhollyownedsubsidiaryofVivendi,andVivendiGames,Inc.(“Vivendi
Games”),awhollyownedsubsidiaryofVGACLLC,wasconsummated.Asaresultoftheconsummation
oftheBusinessCombination,Activision,Inc.wasrenamedActivisionBlizzard,Inc.Foraccounting
purposes,theBusinessCombinationistreatedasa“reverseacquisition,”withVivendiGamesdeemedto
betheacquirer.ThehistoricalfinancialstatementsofActivisionBlizzard,Inc.priortoJuly9,2008are
thoseofVivendiGames,Inc.(seeNote1oftheNotestoConsolidatedFinancialStatementsincludedin
thisAnnualReport).Therefore,2009and2008financialdataisnotcomparablewithpriorperiods.
Thefollowingtablesummarizescertainselectedconsolidatedfinancialdata,whichshouldberead
inconjunctionwithourConsolidatedFinancialStatementsandNotestheretoandwithManagement’s
DiscussionandAnalysisofFinancialConditionandResultsofOperationsincludedelsewhereinthis
AnnualReport.Theselectedconsolidatedfinancialdatapresentedbelowatandforeachoftheyearsinthe
fiveyearperiodendedDecember31,2009isderivedfromourConsolidatedFinancialStatements.All
amountssetforthinthefollowingtablesareinmillions,exceptpersharedata.
FortheyearsendedDecember31,
2009
2008
2007
2006
2005
StatementofOperationsData:
Netrevenues................................................................................................
$4,279
$3,026
$1,349
$1,018
$780
Netincome(loss)................................................................................................
113
(107)
227
139
45
Netincome(loss)pershare(1)................................................................
0.09
(0.11)
0.38
0.24
0.08
AtDecember31,
2009
2008
2007
2006
2005
BalanceSheetData:
Totalassets................................................................................................
$13,742
$14,465
$879
$758
$539
(1) StockSplit—InJuly2008,theBoardofDirectorsapprovedatwoforonesplitofouroutstanding
sharesofcommonstockeffectedintheformofastockdividend(“thesplit”).Thesplitwaspaid
September5,2008toshareholdersofrecordatAugust25,2008.
CashDividends
OnFebruary10,2010ActivisionBlizzard’sBoardofDirectorsdeclaredacashdividendof$0.15
percommonsharepayableonApril2,2010toshareholdersofrecordatthecloseofbusinesson
February22,2010.Althoughweexpectdividendstobeanannualoccurrence,futuredividendswilldepend
uponourearnings,financialcondition,cashrequirements,futureprospects,andotherfactorsdeemed
relevantbyourBoardofDirectors.Wedidnotpaycashdividendsin2009,2008,2007,2006or2005.
MANAGEMENT’SDISCUSSIONANDANALYSISOFFINANCIALCONDITIONAND
RESULTSOFOPERATIONS
BusinessOverview
ActivisionBlizzard,Inc.isaworldwideonline,personalcomputer(“PC”),console,andhandheld
gamepublisher.Theterms“ActivisionBlizzard,”the“Company,”“we,”“us,”and“our”areusedtorefer
collectivelytoActivisionBlizzard,Inc.anditssubsidiaries.Baseduponourcurrentorganizational
structure,weoperatethreeoperatingsegmentsasfollows:
ActivisionPublishing,Inc.
ActivisionPublishing,Inc.(“Activision”)isaleadinginternationalpublisherofinteractive
softwareproductsandperipherals.Activisiondevelopsandpublishesvideogamesonvariousconsoles,