Mattel (MAT) FY2012 results: revenue $6.4 billion, up 2.5% on the year
Mattel Inc. (MAT) reported revenue of $6.4 billion for fiscal 2012, the year ended 31 December 2012, up 2.5% on the year before. Net income was $776 million, up 1.0%, and diluted earnings per share $2.22. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$6.4 billion
+2.5% on the year
FY2007FY2012
Operating margin
15.9%
16.6% a year earlier
FY2007FY2012
Net income
$776 million
+1.0% on the year
FY2007FY2012
Diluted EPS
$2.22
+1.8% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,421
6,266
5,856
+2.5%
Cost of revenue
3,012
3,120
2,901
-3.5%
Gross profit
3,409
3,146
2,955
+8.4%
Gross margin
53.1%
50.2%
50.5%
Research and development
195
179
174
+9.0%
Selling, general and administrative
n/a
1,405
1,406
Operating income
1,021
1,041
902
-1.9%
Operating margin
15.9%
16.6%
15.4%
Interest expense
88.8
75.3
64.8
+17.9%
Pre-tax income
945
971
847
-2.6%
Income tax
169
202
162
-16.6%
Effective tax rate
17.8%
20.8%
19.1%
Net income
776
769
685
+1.0%
Net margin
12.1%
12.3%
11.7%
Diluted EPS
$2.22
$2.18
$1.86
+1.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,276
665
528
+91.9%
Capital expenditure
111
88.7
55.2
+25.1%
Free cash flow
1,165
576
473
+102.2%
Free cash flow margin
18.1%
9.2%
8.1%
Cash from investing
-900
-175
-147
Cash from financing
-411
-397
-225
Depreciation and amortisation
174
161
166
+8.0%
Share-based compensation
63.3
53.5
67.1
+18.3%
Buybacks
66.7
524
447
-87.3%
Dividends paid
423
317
291
+33.8%
Dividend per share
$1.24
$0.92
$0.83
+34.8%
Diluted shares, weighted
346m
348m
365m
-0.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,067
2,611
2,629
+17.5%
Debt
1,510
1,558
1,200
-3.1%
Other liabilities
1,950
1,503
1,589
+29.7%
Total liabilities and equity
6,527
5,672
5,418
+15.1%
Fixed assets
593
524
485
+13.2%
Goodwill
1,081
822
824
+31.5%
Intangible assets
706
207
214
+241.5%
Cash and equivalents
1,336
1,369
1,281
-2.4%
Receivables
1,227
1,247
1,146
-1.6%
Inventory
465
487
464
-4.5%
Other assets
1,119
1,016
1,004
+10.1%
Total assets
6,527
5,672
5,418
+15.1%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.