Spreadsheet: 273b6b81-5121-4348-a562-319be0aee87b
Sheet: TTM P&L - 12 quarters

ACTIVISION BLIZZARD INC.
Unaudited Condensed Consolidated Statements of Operations - Trailing Twelve Months (TTM)
(in millions, except per share data)
GAAP Income Statements
 |  |  |  | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2
 |  |  |  | CY09 | CY09 | CY09 | CY10 | CY10 | CY10 | CY10 | CY11 | CY11
 |  |  |  | TTM | TTM | TTM | TTM | TTM | TTM | TTM | TTM | TTM
 | Net revenues
 | Costs and expenses:
 |  | Cost of sales - product costs |  |  |  | 1432 |  |  |  | 1350
 |  | Cost of sales - massively multi-player online role-playing game ("MMORPG") |  |  |  | 212 |  |  |  | 241
 |  | Cost of sales - software royalties and amortization |  |  |  | 348 |  |  |  | 338
 |  | Cost of sales - intellectual property licenses |  |  |  | 315 |  |  |  | 197
 |  | Product development |  |  |  | 627 |  |  |  | 642
 |  | Sales and marketing |  |  |  | 544 |  |  |  | 520
 |  | General and administrative |  |  |  | 395 |  |  |  | 364
 |  | Restructuring |  |  |  | 23 |  |  |  | 0
 |  | Impairment of intangible assets |  |  |  | 409 |  |  |  | 326
 |  |  | Total costs and expenses
 | Operating income (loss)
 | Investment and other income, net
 | Income (loss) before income tax expense
 | Income tax (benefit) expense
 | Net income (loss)
 | GAAP earnings (loss) per share
 |  | Basic |  |  |  | 0.09000000000000004 |  |  |  | 0.34
 |  | Diluted |  |  |  | 0.09000000000000004 |  |  |  | 0.33
 | Number of shares used in computation
 |  | Basic
 |  | Diluted
GAAP Income Statements - as a % of Revenue
 |  |  |  | TTM | TTM | TTM | TTM | TTM | TTM | TTM | TTM | TTM
 | Costs and expenses:
 |  | Cost of sales - product costs
 |  | Cost of sales - massively multi-player online role-playing game ("MMORPG")
 |  | Cost of sales - software royalties and amortization
 |  | Cost of sales - intellectual property licenses
 |  | Product development
 |  | Sales and marketing
 |  | General and administrative
 |  | Restructuring
 |  | Impairment of intangible assets
 |  |  | Total costs and expenses
 | Operating income (loss)
 | Investment and other income, net
 | Income (loss) before income tax expense
 | Income tax (benefit) expense
 | Net income (loss)
Non-GAAP Income Statements
 |  |  |  | CY09 | CY09 | CY09 | CY10 | CY10 | CY10 | CY10 | CY11
 |  |  |  | TTM | TTM | TTM | TTM | TTM | TTM | TTM | TTM
 | Net revenues |  |  |  |  |  |  |  |  | 4803
 | Costs and expenses:
 |  | Cost of sales - product costs |  |  |  | 1542 |  |  |  | 1348
 |  | Cost of sales - massively multi-player online role-playing game ("MMORPG") |  |  |  | 212 |  |  |  | 241
 |  | Cost of sales - software royalties and amortization |  |  |  | 244 |  |  |  | 287
 |  | Cost of sales - intellectual property licenses |  |  |  | 127 |  |  |  | 100
 |  | Product development |  |  |  | 591 |  |  |  | 630
 |  | Sales and marketing |  |  |  | 537 |  |  |  | 512
 |  | General and administrative |  |  |  | 288 |  |  |  | 314
 |  |  | Total costs and expenses
 | Operating income (loss)
 | Investment and other income, net
 | Income (loss) before income tax expense
 | Income tax (benefit) expense
 | Net income (loss)
 | Non-GAAP earnings (loss) per share
 |  | Basic |  |  |  | 0.7 |  |  |  | 0.81
 |  | Diluted |  |  |  | 0.69 |  |  |  | 0.79
Non-GAAP Income Statements - as a % of Revenue
 |  |  |  | CY09 | CY09 | CY09 | CY10 | CY10 | CY10 | CY10 | CY11 | CY11
 | Costs and expenses:
 |  | Cost of sales - product costs
 |  | Cost of sales - massively multi-player online role-playing game ("MMORPG")
 |  | Cost of sales - software royalties and amortization
 |  | Cost of sales - intellectual property licenses
 |  | Product development
 |  | Sales and marketing
 |  | General and administrative
 |  |  | Total operating expenses
 | Operating income (loss)
 | Investment and other income, net
 | Income (loss) before income tax expense
 | Income tax (benefit) expense
 | Net income (loss)