Activision Blizzard, Inc. (ATVI)

Income Statement (Annual)

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

Year	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011 - 1995
Revenue	8,803	8,086	6,489	7,500	7,017	6,608	4,664	4,408	4,583	4,856	Upgrade
Revenue Growth (YoY)	8.87%	24.61%	-13.48%	6.88%	6.19%	41.68%	5.81%	-3.82%	-5.62%	2.12%	Upgrade
Cost of Revenue	2,317	2,260	2,094	2,517	2,501	2,394	1,585	1,525	1,531	1,662	Upgrade
Gross Profit	6,486	5,826	4,395	4,983	4,516	4,214	3,079	2,883	3,052	3,194	Upgrade
Selling, General & Admin	1,813	1,848	1,658	1,884	2,123	1,844	1,114	1,129	1,096	1,139	Upgrade
Research & Development	1,337	1,150	998	1,101	1,069	958	646	571	584	604	Upgrade
Other Operating Expenses	77	94	132	10	15	0	0	0	0	0	Upgrade
Operating Expenses	3,227	3,092	2,788	2,995	3,207	2,802	1,760	1,700	1,680	1,743	Upgrade
Operating Income	3,259	2,734	1,607	1,988	1,309	1,412	1,319	1,183	1,372	1,451	Upgrade
Interest Expense / Income	95	87	-26	71	146	214	198	202	53	-7	Upgrade
Other Expense / Income	-	31	-	40	12	92	-	-	-	-	Upgrade
Pretax Income	3,164	2,616	1,633	1,877	1,151	1,106	1,121	981	1,319	1,458	Upgrade
Income Tax	465	419	130	29	878	140	229	146	309	309	Upgrade
Net Income	2,699	2,197	1,503	1,848	273	966	892	835	1,010	1,149	Upgrade
Net Income Growth	22.85%	46.17%	-18.67%	576.92%	-71.74%	8.30%	6.83%	-17.33%	-12.10%	5.90%	Upgrade
Shares Outstanding (Basic)	777	771	767	762	754	740	728	716	1,024	1,112	Upgrade
Shares Outstanding (Diluted)	784	778	771	771	766	754	739	726	1,035	1,118	Upgrade
Shares Change	0.77%	0.91%	-	0.65%	1.59%	2.03%	1.79%	-29.86%	-7.42%	-3.29%	Upgrade
EPS (Basic)	3.47	2.85	1.96	2.43	0.36	1.30	1.21	1.14	0.96	1.01	Upgrade
EPS (Diluted)	3.44	2.82	1.95	2.40	0.36	1.28	1.19	1.13	0.95	1.01	Upgrade
EPS Growth	21.99%	44.62%	-18.75%	566.67%	-71.88%	7.56%	5.31%	18.95%	-5.94%	9.78%	Upgrade
Free Cash Flow Per Share	3.00	2.82	2.24	2.18	2.73	2.73	1.58	1.71	1.16	1.14	Upgrade
Dividend Per Share	0.470	0.410	0.370	0.340	0.300	0.260	0.230	0.200	0.190	0.180	Upgrade
Dividend Growth	14.63%	10.81%	8.82%	13.33%	15.38%	13.04%	15.00%	5.26%	5.56%	9.09%	Upgrade
Gross Margin	73.68%	72.05%	67.73%	66.44%	64.36%	63.77%	66.02%	65.40%	66.59%	65.77%	Upgrade
Operating Margin	37.02%	33.81%	24.76%	26.51%	18.65%	21.37%	28.28%	26.84%	29.94%	29.88%	Upgrade
Profit Margin	30.66%	27.17%	23.16%	24.64%	3.89%	14.62%	19.13%	18.94%	22.04%	23.66%	Upgrade
Free Cash Flow Margin	26.51%	26.89%	26.43%	22.12%	29.33%	30.55%	24.61%	27.77%	25.97%	26.19%	Upgrade
Effective Tax Rate	14.70%	16.02%	7.96%	1.55%	76.28%	12.66%	20.43%	14.88%	23.43%	21.19%	Upgrade
EBITDA	3,440	2,965	1,999	2,457	2,185	2,149	1,414	1,273	1,480	1,571	Upgrade
EBITDA Margin	39.08%	36.67%	30.81%	32.76%	31.14%	32.52%	30.32%	28.88%	32.29%	32.35%	Upgrade
Depreciation & Amortization	181	262	392	509	888	829	95	90	108	120	Upgrade
EBIT	3,259	2,703	1,607	1,948	1,297	1,320	1,319	1,183	1,372	1,451	Upgrade
EBIT Margin	37.02%	33.43%	24.76%	25.97%	18.48%	19.98%	28.28%	26.84%	29.94%	29.88%	Upgrade

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).