Mattel (MAT) FY2013 results: revenue $6.5 billion, up 1.0% on the year
Mattel Inc. (MAT) reported revenue of $6.5 billion for fiscal 2013, the year ended 31 December 2013, up 1.0% on the year before. Net income was $904 million, up 16.4%, and diluted earnings per share $2.58. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$6.5 billion
+1.0% on the year
FY2007FY2013
Operating margin
18.0%
15.9% a year earlier
FY2007FY2013
Net income
$904 million
+16.4% on the year
FY2007FY2013
Diluted EPS
$2.58
+16.2% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
6,485
6,421
6,266
+1.0%
Cost of revenue
3,006
3,012
3,120
-0.2%
Gross profit
3,479
3,409
3,146
+2.0%
Gross margin
53.6%
53.1%
50.2%
Research and development
202
195
179
+3.5%
Selling, general and administrative
n/a
n/a
1,405
Operating income
1,168
1,021
1,041
+14.4%
Operating margin
18.0%
15.9%
16.6%
Interest expense
78.5
88.8
75.3
-11.6%
Pre-tax income
1,099
945
971
+16.3%
Income tax
195
169
202
+15.8%
Effective tax rate
17.8%
17.8%
20.8%
Net income
904
776
769
+16.4%
Net margin
13.9%
12.1%
12.3%
Diluted EPS
$2.58
$2.22
$2.18
+16.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
698
1,276
665
-45.2%
Capital expenditure
124
111
88.7
+11.7%
Free cash flow
574
1,165
576
-50.7%
Free cash flow margin
8.9%
18.1%
9.2%
Cash from investing
-242
-900
-175
Cash from financing
-740
-411
-397
Depreciation and amortisation
196
174
161
+12.7%
Share-based compensation
61.7
63.3
53.5
-2.6%
Buybacks
493
66.7
524
+638.4%
Dividends paid
494
423
317
+16.8%
Dividend per share
$1.44
$1.24
$0.92
+16.1%
Diluted shares, weighted
347m
346m
348m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,252
3,067
2,611
+6.0%
Short-term borrowings
4.3
n/a
n/a
Debt
1,600
1,510
1,558
+6.0%
Other liabilities
1,584
1,950
1,503
-18.8%
Total liabilities and equity
6,440
6,527
5,672
-1.3%
Fixed assets
659
593
524
+11.1%
Goodwill
1,083
1,081
822
+0.2%
Intangible assets
681
706
207
-3.6%
Cash and equivalents
1,039
1,336
1,369
-22.2%
Receivables
1,260
1,227
1,247
+2.7%
Inventory
569
465
487
+22.3%
Other assets
1,148
1,119
1,016
+2.6%
Total assets
6,440
6,527
5,672
-1.3%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.