MAT FY 2009 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2009 Earnings

Reported February 24, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$5.4B	—	$5.9B	—	-8.2%
Op. Income	$731M	—	$542M	—	35.0%
Gross Margin	50.0%	—	45.4%	—	4.6pp
Net Margin	9.7%	—	6.4%	—	3.3pp
EPS (Diluted)	$1.45	—	$1.05	—	38.1%
Free Cash Flow	$825M	—	$237M	—	247.6%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$610M
General & Administrative	$1.4B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.7B
OPERATING INCOME	$731M
Interest Income	$8M
Interest Expense	$72M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$660M
Income Tax Expense	$131M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$170M
EBIT	$732M
EBITDA	$902M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$610M
General & Administrative	$1.4B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.7B
OPERATING INCOME	$731M
Interest Income	$8M
Interest Expense	$72M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$660M
Income Tax Expense	$131M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$170M
EBIT	$732M
EBITDA	$902M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$529M
Depreciation & Amortization	$170M
Stock-Based Compensation	$50M
Deferred Income Tax	-$22M
Other Non-Cash Items	-$24M
Change in Working Capital	$243M
OPERATING CASH FLOW	$945M
Capital Expenditure	-$120M
Acquisitions (Net)	-$3M
Purchases of Investments	$1M
Sales/Maturities of Investments	$73M
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	-$160M
Common Stock Repurchased	$0
Common Dividends Paid	-$271M
Other Financing Activities	$25M
NET CASH FROM FINANCING	-$376M
FREE CASH FLOW	$825M
Net Change in Cash	$499M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$749M
Inventory	$356M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$505M
Goodwill	$828M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$893M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.8B
Account Payables	$351M
Short-Term Debt	$52M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$700M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$489M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$441M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.3B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$380M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$752M
Net Debt	-$365M