MAT FY 2008 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2008 Earnings

Reported February 26, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$5.9B	—	$6.0B	—	-0.9%
Op. Income	$542M	—	$730M	—	-25.8%
Gross Margin	45.4%	—	46.5%	—	-1.2pp
Net Margin	6.4%	—	10.0%	—	-3.6pp
EPS (Diluted)	$1.05	—	$1.54	—	-31.8%
Free Cash Flow	$237M	—	$414M	—	-42.7%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$719M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.4B
OPERATING INCOME	$542M
Interest Income	$25M
Interest Expense	$82M
Other Income/Expenses	-$54M
INCOME BEFORE TAX	$488M
Income Tax Expense	$108M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$380M
D&A	$172M
EBIT	$570M
EBITDA	$742M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$719M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.4B
OPERATING INCOME	$542M
Interest Income	$25M
Interest Expense	$82M
Other Income/Expenses	-$54M
INCOME BEFORE TAX	$488M
Income Tax Expense	$108M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$380M
D&A	$172M
EBIT	$570M
EBITDA	$742M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$380M
Depreciation & Amortization	$172M
Stock-Based Compensation	$36M
Deferred Income Tax	-$14M
Other Non-Cash Items	$10M
Change in Working Capital	-$148M
OPERATING CASH FLOW	$436M
Capital Expenditure	-$199M
Acquisitions (Net)	-$58M
Purchases of Investments	-$85M
Sales/Maturities of Investments	$343M
Other Investing Activities	-$312M
NET CASH FROM INVESTING	-$312M
Net Debt Issuance	-$46M
Common Stock Repurchased	-$91M
Common Dividends Paid	-$269M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$407M
FREE CASH FLOW	$237M
Net Change in Cash	-$283M

Balance Sheet

Item	Amount
Cash & Equivalents	$618M
Short-Term Investments	$0
Net Receivables	$874M
Inventory	$486M
Other Current Assets	$410M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$536M
Goodwill	$816M
Intangible Assets	$236M
Long-Term Investments	-$1.6B
Tax Assets	$524M
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$4.7B
Account Payables	$422M
Short-Term Debt	$150M
Deferred Revenue	-$649M
Other Current Liabilities	-$850.0K
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$750M
Deferred Revenue NC	-$133M
Deferred Tax Liabilities	$133M
Other Non-Current Liabilities	$500M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.6B
Common Stock	$441M
Additional Paid-In Capital	$1.6B
Retained Earnings	$2.1B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$431M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$900M
Net Debt	$282M