Mattel (MAT) FY2016 results: revenue $5.5 billion, down 4.3% on the year
Mattel Inc. (MAT) reported revenue of $5.5 billion for fiscal 2016, the year ended 31 December 2016, down 4.3% on the year before. Net income was $313 million, down 15.3%, and diluted earnings per share $0.91. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$5.5 billion
-4.3% on the year
FY2009FY2016
Operating margin
9.5%
9.5% a year earlier
FY2009FY2016
Net income
$313 million
-15.3% on the year
FY2009FY2016
Diluted EPS
$0.91
-15.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,457
5,703
6,024
-4.3%
Cost of revenue
2,902
2,896
3,023
+0.2%
Gross profit
2,547
2,806
3,001
-9.3%
Gross margin
46.7%
49.2%
49.8%
Research and development
215
218
209
-1.2%
Operating income
519
541
654
-4.0%
Operating margin
9.5%
9.5%
10.9%
Interest expense
95.1
85.3
79.3
+11.5%
Pre-tax income
402
464
587
-13.3%
Income tax
89.1
94.5
88.0
-5.7%
Effective tax rate
22.2%
20.4%
15.0%
Net income
313
369
499
-15.3%
Net margin
5.7%
6.5%
8.3%
Diluted EPS
$0.91
$1.08
$1.45
-15.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
595
735
889
-19.1%
Capital expenditure
140
112
113
+25.3%
Free cash flow
454
623
775
-27.0%
Free cash flow margin
8.3%
10.9%
12.9%
Cash from investing
-312
-282
-709
Cash from financing
-281
-500
-227
Depreciation and amortisation
262
265
249
-1.2%
Share-based compensation
54.0
56.7
52.0
-4.8%
Buybacks
0.0
0.0
177
Dividends paid
519
515
515
+0.7%
Dividend per share
$1.52
$1.52
$1.52
0.0%
Diluted shares, weighted
344m
340m
341m
+1.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,408
2,633
2,949
-8.6%
Short-term borrowings
n/a
n/a
0.0
Debt
2,326
2,102
2,100
+10.7%
Other liabilities
1,760
1,800
1,673
-2.3%
Total liabilities and equity
6,494
6,535
6,722
-0.6%
Fixed assets
774
741
738
+4.4%
Goodwill
1,388
1,385
1,394
+0.2%
Intangible assets
660
700
739
-5.7%
Cash and equivalents
870
893
972
-2.6%
Receivables
1,115
1,145
1,093
-2.6%
Inventory
614
588
562
+4.5%
Other assets
1,073
1,084
1,225
-1.0%
Total assets
6,494
6,535
6,722
-0.6%
10-K for the year ended 31 December 2016, filed 22 February 2019: the filing.