Spreadsheet: f7e4b931-3e65-46f9-9996-79d05af4fe14
Sheet: Balance Sheet

ACTIVISION BLIZZARD INC.
Unaudited Condensed Consolidated Balance Sheets
(in millions)
 |  | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1
ASSETS |  | CY08 | CY08 | CY09 | CY09 | CY09 | CY09 | CY10 | CY10 | CY10 | CY10 | CY11 | CY11 | CY11 | CY11 | CY12
 | Current assets:
 | Cash and cash equivalents | 2842 | 2958 | 2988 | 2728 | 2360 | 2768 | 2695 | 2214 | 2123 | 2812 | 2658 | 2334 |  | 3165 | 3049
 | Short-term investments | 94 | 44 | 42 | 102 | 361 | 477 | 647 | 632 | 726 | 696 | 701 | 610 |  | 360 | 427
 | Accounts receivable, net | 316 | 974 | 181 | 268 | 228 | 739 | 134 | 190 | 246 |  | 95 | 140 | 139 | 649 | 103
 | Inventories, net | 377 | 262 | 230 | 198 | 351 | 241 | 194 | 157 | 258 | 112 | 103 | 93 | 207 | 144 | 146
 | Software development | 226 | 235 | 245 | 231 | 253 | 224 | 217 | 219 | 248 | 147 | 129 | 126 | 150 | 137 | 148
 | Intellectual property licenses | 10 | 35 | 35 | 51 | 65 | 55 | 40 | 27 | 26 | 45 | 32 | 43 | 42 | 22 | 22
 | Deferred income taxes, net | 228 | 537 | 573 | 794 | 730 | 502 | 400 | 407 | 427 | 648 | 464 | 511 | 507 | 507 | 445
 | Intangible assets, net | 51 | 14 | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Other current assets | 57 | 206 | 215 | 129 | 167 | 327 | 164 | 128 | 102 | 299 | 175 | 97 | 136 | 396 | 226
 | Total current assets
 | Long-term investments | 86 | 78 | 79 | 23 | 22 | 23 | 23 | 23 | 23 | 23 | 25 | 25 | 25 | 16 | 17
 | Software development | 20 | 1 | 6 | 16 | 15 | 10 | 4 | 30 | 37 | 55 | 65 | 90 | 114 | 62 | 91
 | Intellectual property licenses | 0 | 5 | 5 | 5 | 0 | 28 | 29 | 32 | 36 | 28 | 29 | 16 | 13 | 12 | 12
 | Property and equipment, net | 168 | 149 | 138 | 134 | 133 | 138 | 131 | 160 | 169 | 169 | 165 | 163 | 167 | 163 | 154
 | Deferred income taxes | 80 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Other assets | 21 | 25 | 18 | 11 | 7 | 9 | 11 | 13 | 14 | 15 | 17 | 16 | 15 | 12 | 15
 | Intangible assets, net | 1462 | 1283 | 1244 | 1206 | 1168 | 618 | 599 | 587 | 566 | 160 | 152 | 145 | 138 | 88 | 85
 | Trademark and trade names | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433 | 433
 | Goodwill | 7270 | 7227 | 7213 | 7176 | 7161 | 7154 | 7150 | 7147 | 7144 | 7132 | 7134 | 7130 | 7126 | 7111 | 7109
 | TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
 | Current liabilities:
 | Accounts payable | 338 | 319 | 159 | 121 | 282 | 302 | 147 | 149 | 238 | 363 | 172 | 156 | 250 | 390 | 181
 | Deferred revenues | 206 | 923 | 647 | 423 | 471 | 1426 | 772 | 482 | 622 | 1726 | 1043 | 601 | 487 | 1472 | 917
 | Accrued expenses and other liabilities | 557 | 844 | 508 | 539 | 540 | 788 | 635 | 473 | 552 |  | 676 | 489 | 542 | 694 | 676
 | Total current liabilities
 | Deferred income taxes, net | 696 | 616 | 710 | 701 | 688 | 274 | 259 | 255 | 239 | 120 | 83 | 97 | 95 | 55 | 57
 | Other liabilities | 169 | 237 | 177 | 192 | 182 | 200 | 190 | 182 | 181 | 164 | 166 | 164 | 168 | 174 | 165
 | Total liabilities
 | Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Additional paid-in capital | 12165 | 12170 | 12218 | 12303 | 12332 | 12376 | 12234 | 12260 | 12313 | 12353 | 12382 | 9735 | 9751 | 9616 | 9391
 | Treasury stock | 0 | -126 | -439 | -668 | -960 | -1235 | -1342 | -1584 | -1848 | -2194 | -2537 | 0 | 0 | 0 | 0
 | Retained earnings (accumulated deficit) | -403 | -474 | -285 | -90 | -75 | -361 | 20 | 239 | 290 | 57 | 366 | 701 | 849 | 948 | 1128
 | Accumulated other comprehensive income (loss) | 13 | -43 | -46 | -14 | -5 | -24 | -44 | -57 | -9 | -13 | 26 | 29 | -29 | -72 | -33
 | Total stockholders' equity
 | TOTAL LIABILITIES AND STOCKHOLEDERS' EQUITY