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ATVI » Topics » 16. Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

These excerpts taken from the ATVI 10-K filed May 30, 2008.

16. Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

        The components of comprehensive income (loss) for the years ended March 31, 2008, 2007, and 2006 were as follows (amounts in thousands):

 
   March 31,
2008
   March 31,
2007
   March 31,
2006
  
Net income   $ 344,883   $ 85,787   $ 40,251  
  Other comprehensive income (loss):                    
  Unrealized appreciation (depreciation) on investments, net of taxes     (1,896 )   (8,224 )   10,576  
  Foreign currency translation adjustment     8,046     12,057     (5,825 )
   
 
 
 
Other comprehensive income     6,150     3,833     4,751  
   
 
 
 
Comprehensive income   $ 351,033   $ 89,620   $ 45,002  
   
 
 
 

        The components of accumulated other comprehensive income (loss) for the year ended March 31, 2008 were as follows (amounts in thousands):

 
   Foreign Currency
   Unrealized
Appreciation
(Depreciation)
on Investments
   Accumulated
Other
Comprehensive
Income (Loss)
Balance, March 31, 2007   $ 21,070   $ (868 ) $ 20,202
Other comprehensive income (loss)     8,046     (1,896 )   6,150
   
 
 
Balance, March 31, 2008   $ 29,116   $ (2,764 ) $ 26,352
   
 
 

        Comprehensive income is presented net of taxes of $1.2 million related to net unrealized depreciation on investments for the year ended March 31, 2008. Income taxes were not provided for foreign currency translation items as these are considered indefinite investments in non-U.S. subsidiaries.

F-43

ACTIVISION, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

16. Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)




        The components of comprehensive income (loss) for the years ended March 31, 2008, 2007, and 2006 were as follows (amounts in thousands):






























































































































 
 March 31,

2008
 March 31,

2007
 March 31,

2006
 
Net income $344,883 $85,787 $40,251 
 Other comprehensive income (loss):          
 Unrealized appreciation (depreciation) on investments, net of taxes  (1,896) (8,224) 10,576 
 Foreign currency translation adjustment  8,046  12,057  (5,825)
  
 
 
 
Other comprehensive income  6,150  3,833  4,751 
  
 
 
 
Comprehensive income $351,033 $89,620 $45,002 
  
 
 
 




        The
components of accumulated other comprehensive income (loss) for the year ended March 31, 2008 were as follows (amounts in thousands):




































































 
 Foreign Currency
 Unrealized

Appreciation

(Depreciation)

on Investments
 Accumulated

Other

Comprehensive

Income (Loss)
Balance, March 31, 2007 $21,070 $(868)$20,202
Other comprehensive income (loss)  8,046  (1,896) 6,150
  
 
 
Balance, March 31, 2008 $29,116 $(2,764)$26,352
  
 
 




        Comprehensive
income is presented net of taxes of $1.2 million related to net unrealized depreciation on investments for the year ended March 31, 2008. Income taxes were
not provided for foreign currency translation items as these are considered indefinite investments in non-U.S. subsidiaries.



F-43







ACTIVISION, INC. AND SUBSIDIARIES



Notes to Consolidated Financial Statements (Continued)



EXCERPTS ON THIS PAGE:

10-K (2 sections)
May 30, 2008

RELATED TOPICS for ATVI:

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