MAT FY 2010 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$5.9B	—	$5.4B	—	7.8%
Op. Income	$902M	—	$731M	—	23.4%
Gross Margin	50.5%	—	50.0%	—	0.5pp
Net Margin	11.7%	—	9.7%	—	2.0pp
EPS (Diluted)	$1.86	—	$1.45	—	28.3%
Free Cash Flow	$391M	—	$825M	—	-52.5%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$647M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.0B
OPERATING INCOME	$902M
Interest Income	$8M
Interest Expense	$65M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$847M
Income Tax Expense	$162M
Net Income from Continuing Ops	$685M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	-$49.0K
BOTTOM LINE NET INCOME	$677M
D&A	$166M
EBIT	$912M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$647M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.0B
OPERATING INCOME	$902M
Interest Income	$8M
Interest Expense	$65M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$847M
Income Tax Expense	$162M
Net Income from Continuing Ops	$685M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	-$49.0K
BOTTOM LINE NET INCOME	$677M
D&A	$166M
EBIT	$912M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$685M
Depreciation & Amortization	$166M
Stock-Based Compensation	$67M
Deferred Income Tax	-$4M
Other Non-Cash Items	$8M
Change in Working Capital	-$394M
OPERATING CASH FLOW	$528M
Capital Expenditure	-$137M
Acquisitions (Net)	-$16M
Purchases of Investments	$3M
Sales/Maturities of Investments	$11M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$147M
Net Debt Issuance	$441M
Common Stock Repurchased	-$447M
Common Dividends Paid	-$291M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$225M
FREE CASH FLOW	$391M
Net Change in Cash	$164M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$464M
Other Current Assets	$336M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$485M
Goodwill	$824M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$882M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$5.4B
Account Payables	$406M
Short-Term Debt	$250M
Deferred Revenue	-$642M
Other Current Liabilities	$534M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$950M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$489M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.8B
Common Stock	$441M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.7B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$359M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$1.2B
Net Debt	-$81M