MAT FY 2022 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2022 Earnings

Reported February 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$5.4B	—	$5.5B	—	-0.4%
Op. Income	$676M	—	$730M	—	-7.4%
Gross Margin	45.7%	—	48.1%	—	-2.5pp
Net Margin	7.2%	—	16.5%	—	-9.3pp
EPS (Diluted)	$1.10	—	$2.53	—	-56.5%
Free Cash Flow	$256M	—	$334M	—	-23.3%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$534M
General & Administrative	$1.3B
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$676M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$146M
INCOME BEFORE TAX	$530M
Income Tax Expense	$136M
Net Income from Continuing Ops	$394M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$394M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$394M
D&A	$238M
EBIT	$637M
EBITDA	$875M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$534M
General & Administrative	$1.3B
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$676M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$146M
INCOME BEFORE TAX	$530M
Income Tax Expense	$136M
Net Income from Continuing Ops	$394M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$394M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$394M
D&A	$238M
EBIT	$637M
EBITDA	$875M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$394M
Depreciation & Amortization	$182M
Stock-Based Compensation	$0
Deferred Income Tax	$70M
Other Non-Cash Items	$145M
Change in Working Capital	-$348M
OPERATING CASH FLOW	$443M
Capital Expenditure	-$187M
Acquisitions (Net)	$38M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$144M
Net Debt Issuance	-$250M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$38M
NET CASH FROM FINANCING	-$261M
FREE CASH FLOW	$256M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$761M
Short-Term Investments	$0
Net Receivables	$860M
Inventory	$894M
Other Current Assets	$214M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$788M
Goodwill	$1.4B
Intangible Assets	$425M
Long-Term Investments	$2M
Tax Assets	$472M
Other Non-Current Assets	$384M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$6.2B
Account Payables	$471M
Short-Term Debt	$75M
Deferred Revenue	$0
Other Current Liabilities	$601M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$281M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.1B
Common Stock	$441M
Additional Paid-In Capital	$1.8B
Retained Earnings	$2.8B
Treasury Stock	-$2.1B
Accum. Other Comp. Income	-$911M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$2.7B
Net Debt	$1.9B