MAT FY 2007 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2007 Earnings

Reported February 26, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$6.0B	—	$5.7B	—	5.7%
Op. Income	$730M	—	$729M	—	0.2%
Gross Margin	46.5%	—	46.2%	—	0.3pp
Net Margin	10.0%	—	10.5%	—	-0.4pp
EPS (Diluted)	$1.54	—	$1.53	—	0.7%
Free Cash Flow	$414M	—	$743M	—	-44.3%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$709M
General & Administrative	$1.3B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$5.2B
OPERATING INCOME	$730M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$703M
Income Tax Expense	$103M
Net Income from Continuing Ops	$600M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$600M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$600M
D&A	$172M
EBIT	$730M
EBITDA	$902M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$709M
General & Administrative	$1.3B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$5.2B
OPERATING INCOME	$730M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$703M
Income Tax Expense	$103M
Net Income from Continuing Ops	$600M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$600M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$600M
D&A	$172M
EBIT	$730M
EBITDA	$902M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$600M
Depreciation & Amortization	$172M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$22M
Change in Working Capital	-$260M
OPERATING CASH FLOW	$561M
Capital Expenditure	-$147M
Acquisitions (Net)	-$104M
Purchases of Investments	-$35M
Sales/Maturities of Investments	$0
Other Investing Activities	$827.0K
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	$246M
Common Stock Repurchased	-$806M
Common Dividends Paid	-$272M
Other Financing Activities	$22M
NET CASH FROM FINANCING	-$588M
FREE CASH FLOW	$414M
Net Change in Cash	-$304M

Balance Sheet

Item	Amount
Cash & Equivalents	$901M
Short-Term Investments	$0
Net Receivables	$991M
Inventory	$429M
Other Current Assets	$272M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$519M
Goodwill	$846M
Intangible Assets	$199M
Long-Term Investments	$0
Tax Assets	$468M
Other Non-Current Assets	$182M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.8B
Account Payables	$441M
Short-Term Debt	$399M
Deferred Revenue	$713M
Other Current Liabilities	$614M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$550M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$378M
TOTAL NON-CURRENT LIABILITIES	$928M
TOTAL LIABILITIES	$2.5B
Common Stock	$441M
Additional Paid-In Capital	$1.6B
Retained Earnings	$2.0B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$176M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$949M
Net Debt	$48M