Activision Blizzard, Inc. (ATVI)

Activision Blizzard Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	8,706	7,528	8,803	8,086	6,489	7,500
Revenue Growth (YoY)	13.88%	-14.48%	8.87%	24.61%	-13.48%	6.88%
Cost of Revenue	2,579	2,222	2,317	2,260	2,094	2,517
Gross Profit	6,127	5,306	6,486	5,826	4,395	4,983
Selling, General & Admin	2,319	2,218	1,813	1,848	1,658	1,884
Research & Development	1,570	1,421	1,337	1,150	998	1,101
Other Operating Expenses	2	-3	77	94	132	10
Operating Expenses	3,891	3,636	3,227	3,092	2,788	2,995
Operating Income	2,236	1,670	3,259	2,734	1,607	1,988
Interest Expense / Income	131	108	108	99	-26	71
Other Expense / Income	-472	-182	-13	19	-	40
Pretax Income	2,577	1,744	3,164	2,616	1,633	1,877
Income Tax	412	231	465	419	130	29
Net Income	2,165	1,513	2,699	2,197	1,503	1,848
Net Income Growth	15.28%	-43.94%	22.85%	46.17%	-18.67%	576.92%
Shares Outstanding (Basic)	786	782	777	771	767	762
Shares Outstanding (Diluted)	794	789	784	778	771	771
Shares Change	0.76%	0.64%	0.77%	0.91%	-	0.65%
EPS (Basic)	2.77	1.94	3.47	2.85	1.96	2.43
EPS (Diluted)	2.73	1.92	3.44	2.82	1.95	2.40
EPS Growth	13.75%	-44.19%	21.99%	44.62%	-18.75%	566.67%
Free Cash Flow	2,448	2,129	2,334	2,174	1,715	1,659
Free Cash Flow Per Share	3.12	2.72	3.00	2.82	2.24	2.18
Dividend Per Share	-	0.470	0.470	0.410	0.370	0.340
Dividend Growth	-	0%	14.63%	10.81%	8.82%	13.33%
Gross Margin	70.38%	70.48%	73.68%	72.05%	67.73%	66.44%
Operating Margin	25.68%	22.18%	37.02%	33.81%	24.76%	26.51%
Profit Margin	24.87%	20.10%	30.66%	27.17%	23.16%	24.64%
Free Cash Flow Margin	28.12%	28.28%	26.51%	26.89%	26.43%	22.12%
Effective Tax Rate	15.99%	13.25%	14.70%	16.02%	7.96%	1.55%
EBITDA	3,177	2,248	3,777	3,226	1,999	2,457
EBITDA Margin	36.49%	29.86%	42.91%	39.90%	30.81%	32.76%
Depreciation & Amortization	469	396	505	511	392	509
EBIT	2,708	1,852	3,272	2,715	1,607	1,948
EBIT Margin	31.10%	24.60%	37.17%	33.58%	24.76%	25.97%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).