Blizzard 2015 Annual Report Download - page 71

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53
For the Years Ended
December 31,
2015
2014
2013
Amortization of capitalized software development costs and intellectual
property licenses ................................................................................................
$ 410
$ 272
$ 195
Write-offs and impairments .........................................................................................
4
—
29
6. Property and Equipment, Net
Property and equipment, net was comprised of the following (amounts in millions):
At December 31,
2015
2014
Land ...............................................................................................
$ 1
$ 1
Buildings ........................................................................................
4
4
Leasehold improvements ...............................................................
109
104
Computer equipment ......................................................................
431
347
Office furniture and other equipment ............................................
52
45
Total cost of property and equipment ........................................
597
501
Less accumulated depreciation ......................................................
(408)
(344)
Property and equipment, net ......................................................
$ 189
$ 157
Depreciation expense for the years ended December 31, 2015, 2014, and 2013 was $82 million, $76 million, and $84 million,
respectively.
Rental expense was $39 million, $38 million and $35 million for the years ended December 31, 2015, 2014, and 2013, respectively.
7. Intangible Assets, Net
Intangible assets, net consist of the following (amounts in millions):
At December 31, 2015
Estimated
useful
lives
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Acquired definite-lived intangible assets:
License agreements and other .................................................................
1 - 10 years
$ 116
$ (93)
$ 23
Internally-developed franchises ..............................................................
11 years
309
(298)
11
Developed software .................................................................................
5 years
15
—
15
Total definite-lived intangible assets ..........................................................
$440
$(391)
$49
Acquired indefinite-lived intangible assets:
Activision trademark ...............................................................................
Indefinite
386
Acquired trade names ..............................................................................
Indefinite
47
Total indefinite-lived intangible assets .......................................................
$ 433
At December 31, 2014
Estimated
useful
lives
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Acquired definite-lived intangible assets:
License agreements and other ..............................................................
3 - 10 years
$ 98
$ (92)
$ 6
Internally-developed franchises ...........................................................
11 years
309
(286)
23
Total definite-lived intangible assets .......................................................
$ 407
$ (378)
$ 29
Acquired indefinite-lived intangible assets:
Activision trademark ............................................................................
Indefinite
386
Acquired trade names...........................................................................
Indefinite
47
Total indefinite-lived intangible assets ....................................................
$ 433
10-K Activision_Master_032416_PrinterMarksAdded.pdf 53 3/24/16 11:00 PM