MAT FY 2011 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$6.3B	—	$5.9B	—	7.0%
Op. Income	$1.0B	—	$902M	—	15.4%
Gross Margin	50.2%	—	50.5%	—	-0.3pp
Net Margin	12.3%	—	11.7%	—	0.6pp
EPS (Diluted)	$2.18	—	$1.86	—	17.2%
Free Cash Flow	$474M	—	$391M	—	21.2%

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$699M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.0B
Interest Income	$8M
Interest Expense	$75M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$971M
Income Tax Expense	$202M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	-$56.0K
BOTTOM LINE NET INCOME	$760M
D&A	$161M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$699M
General & Administrative	$1.4B
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.0B
Interest Income	$8M
Interest Expense	$75M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$971M
Income Tax Expense	$202M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	-$56.0K
BOTTOM LINE NET INCOME	$760M
D&A	$161M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$769M
Depreciation & Amortization	$161M
Stock-Based Compensation	$53M
Deferred Income Tax	$25M
Other Non-Cash Items	$307.0K
Change in Working Capital	-$344M
OPERATING CASH FLOW	$665M
Capital Expenditure	-$191M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	$343M
Common Stock Repurchased	-$524M
Common Dividends Paid	-$317M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$402M
FREE CASH FLOW	$474M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$487M
Other Current Assets	$341M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$524M
Goodwill	$822M
Intangible Assets	$207M
Long-Term Investments	-$1.5B
Tax Assets	$474M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$5.7B
Account Payables	$335M
Short-Term Debt	$58M
Deferred Revenue	-$293M
Other Current Liabilities	$541M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$522M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.1B
Common Stock	$441M
Additional Paid-In Capital	$1.7B
Retained Earnings	$3.2B
Treasury Stock	-$2.2B
Accum. Other Comp. Income	-$447M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$1.6B
Net Debt	$189M