MAT FY 2014 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2014 Earnings

Reported February 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.0B	—	$6.5B	—	-7.1%
Op. Income	$654M	—	$1.2B	—	-44.0%
Gross Margin	49.8%	—	53.6%	—	-3.8pp
Net Margin	8.3%	—	13.9%	—	-5.7pp
EPS (Diluted)	$1.45	—	$2.58	—	-43.8%
Free Cash Flow	$629M	—	$446M	—	40.9%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.0B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$733M
General & Administrative	$1.6B
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$5.4B
OPERATING INCOME	$654M
Interest Income	$7M
Interest Expense	$79M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$587M
Income Tax Expense	$88M
Net Income from Continuing Ops	$499M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$499M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$495M
D&A	$249M
EBIT	$666M
EBITDA	$915M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.0B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$733M
General & Administrative	$1.6B
SG&A Expenses	$2.3B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$5.4B
OPERATING INCOME	$654M
Interest Income	$7M
Interest Expense	$79M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$587M
Income Tax Expense	$88M
Net Income from Continuing Ops	$499M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$499M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$495M
D&A	$249M
EBIT	$666M
EBITDA	$915M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$499M
Depreciation & Amortization	$249M
Stock-Based Compensation	$52M
Deferred Income Tax	-$13M
Other Non-Cash Items	$436.0K
Change in Working Capital	$102M
OPERATING CASH FLOW	$889M
Capital Expenditure	-$260M
Acquisitions (Net)	-$423M
Purchases of Investments	-$20M
Sales/Maturities of Investments	-$448.0K
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$709M
Net Debt Issuance	$447M
Common Stock Repurchased	-$177M
Common Dividends Paid	-$515M
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$248M
FREE CASH FLOW	$629M
Net Change in Cash	-$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$972M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$562M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$738M
Goodwill	$1.4B
Intangible Assets	$739M
Long-Term Investments	-$2.5B
Tax Assets	$385M
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$6.7B
Account Payables	$430M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$614M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$584M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$3.8B
Common Stock	$441M
Additional Paid-In Capital	$1.8B
Retained Earnings	$3.9B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$622M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$2.1B
Net Debt	$1.1B