MAT FY 2023 Earnings Report — Mattel, Inc. Revenue & Financial Results | Market Cap Arena

Mattel, Inc.MAT

FY 2023 Earnings

Reported March 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$5.4B	—	$5.4B	—	0.1%
Op. Income	$562M	—	$676M	—	-16.9%
Gross Margin	47.5%	—	45.7%	—	1.8pp
Net Margin	3.9%	—	7.2%	—	-3.3pp
EPS (Diluted)	$0.60	—	$1.10	—	-45.5%
Free Cash Flow	$709M	—	$256M	—	176.8%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$525M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.9B
OPERATING INCOME	$562M
Interest Income	$25M
Interest Expense	$124M
Other Income/Expenses	-$78M
INCOME BEFORE TAX	$484M
Income Tax Expense	$269M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$229M
EBIT	$589M
EBITDA	$818M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$525M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$4.9B
OPERATING INCOME	$562M
Interest Income	$25M
Interest Expense	$124M
Other Income/Expenses	-$78M
INCOME BEFORE TAX	$484M
Income Tax Expense	$269M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$229M
EBIT	$589M
EBITDA	$818M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$214M
Depreciation & Amortization	$177M
Stock-Based Compensation	$83M
Deferred Income Tax	$176M
Other Non-Cash Items	$97M
Change in Working Capital	$122M
OPERATING CASH FLOW	$870M
Capital Expenditure	-$160M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	$0
Common Stock Repurchased	-$203M
Common Dividends Paid	$0
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$227M
FREE CASH FLOW	$709M
Net Change in Cash	$500M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$572M
Other Current Assets	$208M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$779M
Goodwill	$1.4B
Intangible Assets	$393M
Long-Term Investments	$0
Tax Assets	$299M
Other Non-Current Assets	$458M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$6.4B
Account Payables	$442M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$646M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$355M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.3B
Common Stock	$441M
Additional Paid-In Capital	$1.8B
Retained Earnings	$3.1B
Treasury Stock	-$2.2B
Accum. Other Comp. Income	-$905M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$2.7B
Net Debt	$1.4B