Mattel (MAT) FY2017 results: revenue $4.9 billion, down 10.5% on the year
Mattel Inc. (MAT) reported revenue of $4.9 billion for fiscal 2017, the year ended 31 December 2017, down 10.5% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-3.07. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$4.9 billion
-10.5% on the year
FY2010FY2017
Operating margin
-6.9%
9.5% a year earlier
FY2010FY2017
Net income
-$1.1 billion
FY2010FY2017
Diluted EPS
-$3.07
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,882
5,457
5,703
-10.5%
Cost of revenue
3,061
2,902
2,896
+5.5%
Gross profit
1,825
2,547
2,806
-28.4%
Gross margin
37.4%
46.7%
49.2%
Research and development
225
215
218
+4.6%
Operating income
-336
519
541
Operating margin
-6.9%
9.5%
9.5%
Interest expense
105
95.1
85.3
+10.6%
Pre-tax income
-501
402
464
Income tax
553
89.1
94.5
+520.8%
Effective tax rate
n/a
22.2%
20.4%
Net income
-1,054
313
369
Net margin
-21.6%
5.7%
6.5%
Diluted EPS
-$3.07
$0.91
$1.08
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-27.6
595
735
Capital expenditure
129
140
112
-8.0%
Free cash flow
-157
454
623
Free cash flow margin
-3.2%
8.3%
10.9%
Cash from investing
-236
-312
-282
Cash from financing
458
-281
-500
Depreciation and amortisation
275
262
265
+4.7%
Share-based compensation
67.1
54.0
56.7
+24.4%
Buybacks
n/a
0.0
0.0
Dividends paid
312
519
515
-39.8%
Dividend per share
$0.91
$1.52
$1.52
-40.1%
Diluted shares, weighted
344m
344m
340m
-0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,257
2,408
2,633
-47.8%
Short-term borrowings
0.0
n/a
n/a
Debt
3,123
2,326
2,102
+34.2%
Other liabilities
1,858
1,760
1,800
+5.6%
Total liabilities and equity
6,239
6,494
6,535
-3.9%
Fixed assets
785
774
741
+1.5%
Goodwill
1,397
1,388
1,385
+0.7%
Intangible assets
639
660
700
-3.2%
Cash and equivalents
1,079
870
893
+24.1%
Receivables
1,125
1,115
1,145
+0.8%
Inventory
601
614
588
-2.1%
Other assets
613
1,073
1,084
-42.9%
Total assets
6,239
6,494
6,535
-3.9%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.