Mattel (MAT) FY2018 results: revenue $4.5 billion, down 7.6% on the year
Mattel Inc. (MAT) reported revenue of $4.5 billion for fiscal 2018, the year ended 31 December 2018, down 7.6% on the year before. Net income was -$533 million, and diluted earnings per share $-1.55. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$4.5 billion
-7.6% on the year
FY2011FY2018
Operating margin
-5.2%
-6.9% a year earlier
FY2011FY2018
Net income
-$533 million
FY2011FY2018
Diluted EPS
-$1.55
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
4,511
4,882
5,457
-7.6%
Cost of revenue
2,716
3,061
2,902
-11.3%
Gross profit
1,799
1,825
2,547
-1.4%
Gross margin
39.9%
37.4%
46.7%
Research and development
205
225
215
-8.8%
Operating income
-234
-336
519
Operating margin
-5.2%
-6.9%
9.5%
Interest expense
182
105
95.1
+72.9%
Pre-tax income
-415
-501
402
Income tax
116
553
89.1
-79.0%
Effective tax rate
n/a
n/a
22.2%
Net income
-533
-1,054
313
Net margin
-11.8%
-21.6%
5.7%
Diluted EPS
-$1.55
-$3.07
$0.91
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
-27.3
-27.6
595
Capital expenditure
74.7
129
140
-42.1%
Free cash flow
-102
-157
454
Free cash flow margin
-2.3%
-3.2%
8.3%
Cash from investing
-161
-236
-312
Cash from financing
-285
458
-281
Depreciation and amortisation
272
275
262
-1.0%
Share-based compensation
48.9
67.1
54.0
-27.1%
Buybacks
n/a
n/a
0.0
Dividends paid
0.0
312
519
Dividend per share
$0.00
$0.91
$1.52
Diluted shares, weighted
345m
344m
344m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
689
1,257
2,408
-45.2%
Short-term borrowings
4.2
0.0
n/a
Debt
2,852
3,123
2,326
-8.7%
Other liabilities
1,699
1,858
1,760
-8.6%
Total liabilities and equity
5,243
6,239
6,494
-15.9%
Fixed assets
658
785
774
-16.3%
Goodwill
1,386
1,397
1,388
-0.7%
Intangible assets
588
639
660
-8.1%
Cash and equivalents
594
1,079
870
-44.9%
Receivables
970
1,125
1,115
-13.7%
Inventory
543
601
614
-9.6%
Other assets
504
613
1,073
-17.7%
Total assets
5,243
6,239
6,494
-15.9%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.