Mattel (MAT) FY2015 results: revenue $5.7 billion, down 5.3% on the year
Mattel Inc. (MAT) reported revenue of $5.7 billion for fiscal 2015, the year ended 31 December 2015, down 5.3% on the year before. Net income was $369 million, down 26.0%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$5.7 billion
-5.3% on the year
FY2008FY2015
Operating margin
9.5%
10.9% a year earlier
FY2008FY2015
Net income
$369 million
-26.0% on the year
FY2008FY2015
Diluted EPS
$1.08
-25.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,703
6,024
6,485
-5.3%
Cost of revenue
2,896
3,023
3,006
-4.2%
Gross profit
2,806
3,001
3,479
-6.5%
Gross margin
49.2%
49.8%
53.6%
Research and development
218
209
202
+4.0%
Operating income
541
654
1,168
-17.3%
Operating margin
9.5%
10.9%
18.0%
Interest expense
85.3
79.3
78.5
+7.6%
Pre-tax income
464
587
1,099
-21.0%
Income tax
94.5
88.0
195
+7.3%
Effective tax rate
20.4%
15.0%
17.8%
Net income
369
499
904
-26.0%
Net margin
6.5%
8.3%
13.9%
Diluted EPS
$1.08
$1.45
$2.58
-25.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
735
889
698
-17.3%
Capital expenditure
112
113
124
-1.2%
Free cash flow
623
775
574
-19.7%
Free cash flow margin
10.9%
12.9%
8.9%
Cash from investing
-282
-709
-242
Cash from financing
-500
-227
-740
Depreciation and amortisation
265
249
196
+6.7%
Share-based compensation
56.7
52.0
61.7
+9.0%
Buybacks
0.0
177
493
Dividends paid
515
515
494
+0.1%
Dividend per share
$1.52
$1.52
$1.44
0.0%
Diluted shares, weighted
340m
341m
347m
-0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,633
2,949
3,252
-10.7%
Short-term borrowings
n/a
0.0
4.3
Debt
2,102
2,100
1,600
+0.1%
Other liabilities
1,800
1,673
1,584
+7.6%
Total liabilities and equity
6,535
6,722
6,440
-2.8%
Fixed assets
741
738
659
+0.4%
Goodwill
1,385
1,394
1,083
-0.7%
Intangible assets
700
739
681
-5.2%
Cash and equivalents
893
972
1,039
-8.1%
Receivables
1,145
1,093
1,260
+4.7%
Inventory
588
562
569
+4.5%
Other assets
1,084
1,225
1,148
-11.5%
Total assets
6,535
6,722
6,440
-2.8%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.