MAT FY 2013 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2013 Earnings

Reported February 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$6.5B	—	$6.4B	—	1.0%
Op. Income	$1.2B	—	$1.0B	—	14.4%
Gross Margin	53.6%	—	53.1%	—	0.6pp
Net Margin	13.9%	—	12.1%	—	1.8pp
EPS (Diluted)	$2.58	—	$2.22	—	16.2%
Free Cash Flow	$446M	—	$1.1B	—	-57.8%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$3.0B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$750M
General & Administrative	$1.6B
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$5.3B
OPERATING INCOME	$1.2B
Interest Income	$6M
Interest Expense	$79M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$195M
Net Income from Continuing Ops	$904M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$904M
Net Income Deductions	-$44.0K
BOTTOM LINE NET INCOME	$896M
D&A	$196M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$3.0B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$750M
General & Administrative	$1.6B
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$5.3B
OPERATING INCOME	$1.2B
Interest Income	$6M
Interest Expense	$79M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$195M
Net Income from Continuing Ops	$904M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$904M
Net Income Deductions	-$44.0K
BOTTOM LINE NET INCOME	$896M
D&A	$196M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$904M
Depreciation & Amortization	$196M
Stock-Based Compensation	$62M
Deferred Income Tax	-$31M
Other Non-Cash Items	$14M
Change in Working Capital	-$447M
OPERATING CASH FLOW	$698M
Capital Expenditure	-$252M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$13M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$242M
Net Debt Issuance	$86M
Common Stock Repurchased	-$493M
Common Dividends Paid	-$494M
Other Financing Activities	$161M
NET CASH FROM FINANCING	-$740M
FREE CASH FLOW	$446M
Net Change in Cash	-$296M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$569M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$659M
Goodwill	$1.1B
Intangible Assets	$681M
Long-Term Investments	-$2.1B
Tax Assets	$374M
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$6.4B
Account Payables	$375M
Short-Term Debt	$4M
Deferred Revenue	-$640M
Other Current Liabilities	$573M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$541M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.2B
Common Stock	$441M
Additional Paid-In Capital	$1.8B
Retained Earnings	$3.9B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	-$444M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$0
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$1.6B
Net Debt	$565M