UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest
Event Reported):
July 17, 2014
MATTEL, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-05647 |
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95-1567322 |
(State or other jurisdiction of incorporation) |
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(Commission File No.) |
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(I.R.S. Employer Identification No.) |
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333 Continental Boulevard, El Segundo, California |
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90245-5012 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code
(310) 252-2000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition.
On July 17, 2014, Mattel, Inc. (Mattel or the Company) issued a press release regarding its second quarter 2014 financial results, a copy of which is furnished as Exhibit 99.1
hereto. This exhibit is incorporated herein by reference.
In its second quarter 2014 press release, Mattel includes a non-GAAP financial
measure, gross sales, which it uses to analyze its operations and to monitor, assess and identify meaningful trends in its operating and financial performance. Net sales, as reported in the consolidated statements of operations, include the impact
of sales adjustments, such as trade discounts and other allowances. Gross sales represent sales to customers, excluding the impact of sales adjustments. Consistent with its segment reporting, Mattel presents changes in gross sales as a metric for
comparing its aggregate, business unit, brand and geographic results to highlight significant trends in Mattels business. Changes in gross sales are discussed because, while Mattel records the detail of such sales adjustments in its financial
accounting systems at the time of sale, such sales adjustments are generally not associated with individual products, making net sales less meaningful. A reconciliation of gross sales to the most directly comparable GAAP financial measure, net
sales, is provided in Exhibit II to the press release furnished as Exhibit 99.1 to this Form 8-K.
In accordance with General Instruction B.2
of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or
otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.
Section 8 Other Events
Item 8.01 Other Events.
In the same
press release described in Item 2.02 above, Mattel also announced that the Companys Board of Directors has declared a quarterly dividend of $0.38 per share on the Companys common stock, to be paid on September 19, 2014 to
stockholders of record on August 27, 2014.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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(a) |
Financial statements of businesses acquired: None |
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(b) |
Pro forma financial information: None |
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(c) |
Shell company transactions: None |
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(d) |
Exhibits: Press release dated July 17, 2014, issued by Mattel, Inc. |
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Exhibit No. |
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Exhibit Description |
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99.1 |
** |
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Press release dated July 17, 2014. |
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MATTEL, INC.
Registrant |
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By: |
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/s/ Robert Normile |
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Robert Normile |
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Executive Vice President, Chief Legal Officer and Secretary |
Dated: July 17, 2014
3
Exhibit 99.1
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FOR IMMEDIATE RELEASE
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News Media Alex
Clark 310-252-6397
alex.clark@mattel.com |
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Securities Analysts
Drew Vollero 310-252-2703
drew.vollero@mattel.com |
MATTEL REPORTS SECOND QUARTER 2014 FINANCIAL RESULTS
Company Completes MEGA Brands Acquisition; Declares Quarterly Dividend
Second Quarter Highlights
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Worldwide net sales down 9%; |
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North American
Region1 gross sales down 8% and International Region gross sales down 9%; |
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Worldwide gross sales by core brands: Barbie® down 15%; Hot
Wheels® down 2%; Fisher-Price® down 17% and American
Girl® up 6%; |
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Gross margin decreased 490 basis points of net sales, partially due to MEGA® Brands; |
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SG&A increased 340 basis points of net sales, including the impact of MEGA Brands; |
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Operating income of $1.0 million compared to operating income of $94.8 million in the second quarter of 2013; and
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Earnings per share of $0.08 (includes tax benefit of $0.11 per share and a negative impact of $0.06 per share of MEGA Brands acquisition and
integration costs2) vs. prior year earnings per share of $0.21. |
Capital Deployment
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Board declared 2014 third quarter cash dividend of $0.38 per share, reflecting an annualized dividend of $1.52 per share;
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The Company acquired MEGA Brands for approximately $423 million, net of cash acquired; and |
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The Company repurchased 2.6 million shares of its common stock during the second quarter at a cost of approximately $100 million.
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EL SEGUNDO, Calif., July 17, 2014 Mattel, Inc. (NASDAQ: MAT) today reported
2014 second quarter financial results. For the quarter, the Company reported net income of $28.3 million, or $0.08 per share, which includes a tax benefit of $0.11 per share and a negative impact of $0.06 per share of MEGA Brands acquisition and
integration costs2, compared to last years second
quarter net income of $73.3 million, or $0.21 per share.
In the second quarter, we made significant progress across a number of
initiatives to better position Mattel in the second half of the year and beyond, said Bryan G. Stockton, Mattel
1 |
Consists of the U.S., Canada and American Girl |
2 |
Consists of acquisition and integration costs, including amortization of acquired intangible assets and inventory fair value markup above cost |
Chairman and Chief Executive Officer. For example, we completed the acquisition of MEGA Brands, reduced inventories, strengthened our management team, shifted marketing spend to the back
half of the year, and exercised strong controls on SG&A expenses. And while results for the quarter did not meet our expectations, we did see improving POS trends. As we move into the second half of the year and the all-important holiday season,
we need to drive POS higher by bringing innovative products to market, making additional advertising investments and optimizing the effectiveness of our marketing spend.
Financial Overview
For the quarter, net sales were $1.06 billion, down 9% compared to
$1.17 billion last year. On a regional basis, second quarter gross sales decreased 8% in the North American Region, which consists of the U.S., Canada and American Girl, including a 1 percentage point unfavorable impact from changes in currency
exchange rates. For the International Region, gross sales decreased 9%, including a 2 percentage point unfavorable impact from changes in currency exchange rates. Operating income for the quarter was $1.0 million, compared to prior years
operating income for the quarter of $94.8 million. The Companys debt-to-total capital ratio as of June 30, 2014 was 41.8%.
Cash
flows used for operating activities were approximately $79 million, compared to approximately $286 million in 2013, driven by lower working capital usage. Cash flows used for investing activities were approximately $525 million, an increase of
approximately $393 million, driven by the acquisition of MEGA Brands. Cash flows from financing activities and other were approximately $83 million, compared to cash flows used for financing activities and other of approximately $95 million in 2013.
The change was primarily due to lower repayments of long-term debt, partially offset by lower proceeds from stock option exercises.
Capital Deployment
The Company
announced today that its Board of Directors declared a third quarter cash dividend of $0.38 per share on the Companys common stock. The dividend will be payable on September 19, 2014 to stockholders of record on August 27, 2014. The
dividend is the third of four quarterly dividends the Company expects to pay this year, reflecting an annualized dividend of $1.52 per share, which represents a 6% increase to last years total dividends. During the second quarter of 2014, the
Company repurchased 2.6 million shares of its common stock at a cost of approximately $100 million.
2
Sales by Brand
Mattel Girls and Boys Brands
For the second quarter, worldwide gross sales for Mattel Girls & Boys Brands were $689.0 million, down 13% versus the prior year. Worldwide gross sales for the Barbie brand were down 15%.
Worldwide gross sales for Other Girls brands were down 11%, primarily due to Monster High®, partially offset by
Disney Princess and Ever After High®. Worldwide gross sales for the Wheels category, which includes the Hot
Wheels and Matchbox® brands, were down 3%. Worldwide gross sales for the Entertainment business, which includes
Radica® and Games, were down 19%.
Fisher-Price Brands
Second quarter worldwide gross sales for
Fisher-Price Brands, which includes the Fisher-Price Core, Fisher-Price Friends and Power Wheels® brands, were
$328.8 million, down 17% versus the prior year.
American Girl Brands
Second quarter gross sales for American Girl Brands, which offers American Girl-branded products directly to consumers, were $83.1 million, up 6% versus the prior year.
Construction and Arts & Crafts Brands
Second quarter gross sales for Construction and Arts & Crafts Brands, which includes the MEGA BLOKS® and RoseArt® brands, were
$61.6 million. Mattel acquired MEGA Brands Inc. on April 30, 2014.
Live Webcast
Mattel will webcast its 2014 second quarter financial results conference call at 8:30 a.m. Eastern time today. The conference call will be webcast on the
Investors section of the Companys corporate website: http://corporate.mattel.com/. To listen to the live call, log in to the website at least 15 minutes early to register, download and install any necessary audio software.
An archive of the webcast will be available on the companys website for 90 days and may be accessed beginning two hours after the completion of the live call.
3
A telephonic replay of the call will be
available beginning at 11:30 a.m. Eastern time the morning of the call until Thursday, July 24 at midnight Eastern time and may be accessed by dialing +1-404-537-3406. The passcode is 61224509.
Information required by Securities and Exchange Commission Regulation G, regarding non-GAAP financial measures, as well as other financial and
statistical information, will be available at the time of the webcast on the Investors section of http://corporate.mattel.com/, under the sub-headings Financial Information Earnings Releases.
About Mattel
The
Mattel family of companies (Nasdaq: MAT) is the worldwide leader in the design, manufacture and marketing of toys and family products. Mattels portfolio of best-selling brands includes Barbie®, the most popular fashion doll ever produced, Hot Wheels®, Monster High®, American Girl®, Thomas & Friends® and Fisher-Price® brands,
including Little People® and Power Wheels®, MEGA® Brands, including MEGA
BLOKS® and RoseArt®, as well as a wide array of entertainment-inspired toy lines. In 2013, Mattel was named one of the Worlds Most Ethical Companies by Ethisphere
Magazine and in 2014 ranked No. 5 on Corporate Responsibility Magazines 100 Best Corporate Citizens list. With worldwide headquarters in El Segundo, Calif., Mattels companies employ nearly 30,000 people in 40 countries
and territories and sell products in more than 150 nations. At Mattel, we are Creating the Future of Play. Visit us at www.mattel.com, www.facebook.com/mattel or www.twitter.com/mattel.
Forward-looking Statements
This press
release contains forward-looking statements on a variety of matters, including without limitation, the Companys expected quarterly cash dividend payments in 2014. These forward-looking statements are based on currently available operating,
financial, economic and other information and are subject to a number of significant risks and uncertainties. A variety of factors, many of which are beyond our control, could cause actual future results to differ materially from those projected in
the forward-looking statements. Some of these factors are described in the Companys periodic filings with the Securities and Exchange Commission, including the Risk Factors section of Mattels Annual Report on Form 10-K for
the fiscal year ended December 31, 2013 and Mattels Quarterly Reports on Form 10-Q for fiscal year 2014, as well as in Mattels other public statements. Mattel does not update forward-looking statements and expressly disclaims any
obligation to do so.
4
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MATTEL, INC. AND SUBSIDIARIES |
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EXHIBIT I |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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(In millions, except per share and percentage information) |
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2014 |
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2013 |
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Yr /
Yr % Change |
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2014 |
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2013 |
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Yr /
Yr % Change |
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$ Amt |
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% Net Sales |
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$ Amt |
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% Net Sales |
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$ Amt |
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% Net Sales |
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$ Amt |
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% Net Sales |
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Net Sales |
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$ |
1,062.3 |
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$ |
1,169.1 |
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-9 |
% |
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$ |
2,008.4 |
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$ |
2,164.7 |
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-7 |
% |
Cost of sales |
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569.7 |
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53.6 |
% |
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569.1 |
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48.7 |
% |
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0 |
% |
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1,034.3 |
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51.5 |
% |
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1,024.6 |
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47.3 |
% |
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1 |
% |
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Gross Profit |
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492.6 |
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46.4 |
% |
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600.0 |
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51.3 |
% |
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-18 |
% |
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974.1 |
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48.5 |
% |
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1,140.1 |
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52.7 |
% |
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-15 |
% |
Advertising and promotion expenses |
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99.9 |
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9.4 |
% |
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113.4 |
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9.7 |
% |
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-12 |
% |
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190.7 |
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9.5 |
% |
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217.9 |
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10.1 |
% |
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-13 |
% |
Other selling and administrative expenses |
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391.7 |
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36.9 |
% |
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391.8 |
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33.5 |
% |
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0 |
% |
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776.2 |
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38.6 |
% |
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761.6 |
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35.2 |
% |
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2 |
% |
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Operating Income |
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1.0 |
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0.1 |
% |
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94.8 |
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8.1 |
% |
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-99 |
% |
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7.2 |
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0.4 |
% |
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160.6 |
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7.4 |
% |
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-96 |
% |
Interest expense |
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19.0 |
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1.8 |
% |
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18.3 |
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1.6 |
% |
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4 |
% |
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36.2 |
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1.8 |
% |
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38.6 |
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1.8 |
% |
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-6 |
% |
Interest (income) |
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(2.2 |
) |
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-0.2 |
% |
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(1.3 |
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-0.1 |
% |
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70 |
% |
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(3.5 |
) |
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-0.2 |
% |
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(2.7 |
) |
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-0.1 |
% |
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29 |
% |
Other non-operating (income) expense, net |
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(1.4 |
) |
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(0.9 |
) |
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(1.7 |
) |
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1.8 |
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(Loss) Income Before Income Taxes |
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(14.4 |
) |
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-1.4 |
% |
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78.7 |
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6.7 |
% |
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-118 |
% |
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(23.8 |
) |
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-1.2 |
% |
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122.9 |
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5.7 |
% |
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-119 |
% |
(Benefit) Provision for income taxes |
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(42.7 |
) |
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5.4 |
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(40.9 |
) |
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11.0 |
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Net Income |
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$ |
28.3 |
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2.7 |
% |
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$ |
73.3 |
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6.3 |
% |
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-61 |
% |
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$ |
17.1 |
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0.9 |
% |
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$ |
111.9 |
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5.2 |
% |
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-85 |
% |
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Net Income Per Common Share - Basic |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.05 |
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$ |
0.32 |
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Weighted average number of common shares |
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338.7 |
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346.6 |
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339.5 |
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345.5 |
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Net Income Per Common Share - Diluted |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.05 |
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$ |
0.32 |
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Weighted average number of common and potential common shares |
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340.6 |
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350.4 |
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341.6 |
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349.5 |
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MATTEL, INC. AND SUBSIDIARIES |
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EXHIBIT II |
WORLDWIDE GROSS SALES INFORMATION (Unaudited)
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(In millions, except percentage information) |
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2014 |
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2013 |
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2014 |
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2013 |
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Worldwide Gross Sales: |
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Mattel Girls & Boys Brands |
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$ |
689.0 |
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$ |
792.4 |
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$ |
1,345.8 |
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$ |
1,484.6 |
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% Change |
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|
-13 |
% |
|
|
|
|
|
|
1 |
% |
|
|
|
|
|
|
-9 |
% |
|
|
|
|
|
|
6 |
% |
Pos./(Neg.) Impact of Currency (in % pts) |
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
Fisher-Price Brands |
|
|
328.8 |
|
|
|
|
|
|
|
396.7 |
|
|
|
|
|
|
|
600.2 |
|
|
|
|
|
|
|
684.0 |
|
|
|
|
|
% Change |
|
|
|
|
|
|
-17 |
% |
|
|
|
|
|
|
-3 |
% |
|
|
|
|
|
|
-12 |
% |
|
|
|
|
|
|
-5 |
% |
Pos./(Neg.) Impact of Currency (in % pts) |
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
-1 |
|
American Girl Brands |
|
|
83.1 |
|
|
|
|
|
|
|
78.2 |
|
|
|
|
|
|
|
189.1 |
|
|
|
|
|
|
|
178.6 |
|
|
|
|
|
% Change |
|
|
|
|
|
|
6 |
% |
|
|
|
|
|
|
14 |
% |
|
|
|
|
|
|
6 |
% |
|
|
|
|
|
|
23 |
% |
Construction and Arts & Crafts Brands |
|
|
61.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
8.6 |
|
|
|
|
|
|
|
10.8 |
|
|
|
|
|
|
|
15.7 |
|
|
|
|
|
|
|
19.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Sales |
|
$ |
1,171.1 |
|
|
|
|
|
|
$ |
1,278.1 |
|
|
|
|
|
|
$ |
2,212.4 |
|
|
|
|
|
|
$ |
2,366.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Change |
|
|
|
|
|
|
-8 |
% |
|
|
|
|
|
|
1 |
% |
|
|
|
|
|
|
-7 |
% |
|
|
|
|
|
|
4 |
% |
Pos./(Neg.) Impact of Currency (in % pts) |
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
Reconciliation of Non-GAAP to GAAP Financial Measure: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Sales |
|
$ |
1,171.1 |
|
|
|
|
|
|
$ |
1,278.1 |
|
|
|
|
|
|
$ |
2,212.4 |
|
|
|
|
|
|
$ |
2,366.6 |
|
|
|
|
|
Sales Adjustments |
|
|
(108.8 |
) |
|
|
|
|
|
|
(109.0 |
) |
|
|
|
|
|
|
(204.0 |
) |
|
|
|
|
|
|
(201.9 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales |
|
$ |
1,062.3 |
|
|
|
|
|
|
$ |
1,169.1 |
|
|
|
|
|
|
$ |
2,008.4 |
|
|
|
|
|
|
$ |
2,164.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Change |
|
|
|
|
|
|
-9 |
% |
|
|
|
|
|
|
1 |
% |
|
|
|
|
|
|
-7 |
% |
|
|
|
|
|
|
4 |
% |
Pos./(Neg.) Impact of Currency (in % pts) |
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
-1 |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
MATTEL, INC. AND SUBSIDIARIES |
|
EXHIBIT III |
CONDENSED CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At June 30, |
|
|
At December 31, |
|
|
|
2014
|
|
|
2013
|
|
|
2013 |
|
(In millions) |
|
(Unaudited) |
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents |
|
$ |
518.2 |
|
|
$ |
823.0 |
|
|
$ |
1,039.2 |
|
Accounts receivable, net |
|
|
878.9 |
|
|
|
945.7 |
|
|
|
1,260.1 |
|
Inventories |
|
|
885.4 |
|
|
|
793.6 |
|
|
|
568.8 |
|
Prepaid expenses and other current assets |
|
|
602.8 |
|
|
|
564.9 |
|
|
|
509.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
2,885.3 |
|
|
|
3,127.2 |
|
|
|
3,378.0 |
|
Property, plant, and equipment, net |
|
|
704.4 |
|
|
|
621.2 |
|
|
|
659.3 |
|
Other noncurrent assets |
|
|
2,888.8 |
|
|
|
2,448.0 |
|
|
|
2,402.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
6,478.5 |
|
|
$ |
6,196.4 |
|
|
$ |
6,439.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders Equity |
|
|
|
|
|
|
|
|
|
|
|
|
Short-term borrowings |
|
$ |
20.5 |
|
|
$ |
40.7 |
|
|
$ |
4.3 |
|
Current portion of long-term debt |
|
|
|
|
|
|
50.0 |
|
|
|
|
|
Accounts payable and accrued liabilities |
|
|
867.4 |
|
|
|
921.7 |
|
|
|
1,015.4 |
|
Income taxes payable |
|
|
20.7 |
|
|
|
26.0 |
|
|
|
27.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
908.6 |
|
|
|
1,038.4 |
|
|
|
1,047.4 |
|
Long-term debt |
|
|
2,100.0 |
|
|
|
1,600.0 |
|
|
|
1,600.0 |
|
Other noncurrent liabilities |
|
|
518.3 |
|
|
|
636.6 |
|
|
|
540.6 |
|
Stockholders equity |
|
|
2,951.6 |
|
|
|
2,921.4 |
|
|
|
3,251.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Stockholders Equity |
|
$ |
6,478.5 |
|
|
$ |
6,196.4 |
|
|
$ |
6,439.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL BALANCE SHEET AND CASH FLOW DATA (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
At June 30, |
|
(In millions, except days and percentage information) |
|
2014 |
|
|
2013 |
|
|
|
|
Key Balance Sheet Data: |
|
|
|
|
|
|
|
|
Accounts receivable, net days of sales outstanding (DSO) |
|
|
74 |
|
|
|
73 |
|
Total debt outstanding |
|
$ |
2,120.5 |
|
|
$ |
1,690.7 |
|
Total debt-to-total capital ratio |
|
|
41.8 |
% |
|
|
36.7 |
% |
|
|
|
|
Six Months Ended June 30, |
|
(In millions) |
|
2014(a) |
|
|
2013 |
|
Condensed Cash Flow Data: |
|
|
|
|
|
|
|
|
Cash flows (used for) operating activities |
|
$ |
(79 |
) |
|
$ |
(286 |
) |
Cash flows (used for) investing activities |
|
|
(525 |
) |
|
|
(132 |
) |
Cash flows from (used for) financing activities and other |
|
|
83 |
|
|
|
(95 |
) |
|
|
|
|
|
|
|
|
|
Decrease in cash and equivalents |
|
$ |
(521 |
) |
|
$ |
(513 |
) |
|
|
|
|
|
|
|
|
|
(a) |
Amounts shown are preliminary estimates. Actual amounts will be reported in Mattels Quarterly Report on Form 10-Q for the quarter ended June 30, 2014.
|
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