Mattel (MAT) FY2019 results: revenue $4.5 billion, down 0.1% on the year
Mattel Inc. (MAT) reported revenue of $4.5 billion for fiscal 2019, the year ended 31 December 2019, down 0.1% on the year before. Net income was -$219 million, and diluted earnings per share $-0.63. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$4.5 billion
-0.1% on the year
FY2012FY2019
Operating margin
0.8%
-5.2% a year earlier
FY2012FY2019
Net income
-$219 million
FY2012FY2019
Diluted EPS
-$0.63
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
4,505
4,511
4,882
-0.1%
Cost of revenue
2,524
2,716
3,061
-7.1%
Gross profit
1,981
1,799
1,825
+10.1%
Gross margin
44.0%
39.9%
37.4%
Research and development
197
205
225
-4.0%
Operating income
37.1
-234
-336
Operating margin
0.8%
-5.2%
-6.9%
Interest expense
201
182
105
+10.5%
Pre-tax income
-160
-415
-501
Income tax
58.3
116
553
-49.8%
Net income
-219
-533
-1,054
Net margin
-4.9%
-11.8%
-21.6%
Diluted EPS
-$0.63
-$1.55
-$3.07
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
168
-27.3
-27.6
Capital expenditure
50.8
74.7
129
-31.9%
Free cash flow
118
-102
-157
Free cash flow margin
2.6%
-2.3%
-3.2%
Cash from investing
-102
-161
-236
Cash from financing
-33.1
-285
458
Depreciation and amortisation
245
272
275
-10.1%
Share-based compensation
56.0
48.9
67.1
+14.4%
Dividends paid
0.0
0.0
312
Dividend per share
$0.00
$0.00
$0.91
Diluted shares, weighted
346m
345m
344m
+0.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
509
689
1,257
-26.2%
Short-term borrowings
0.0
4.2
0.0
Debt
2,847
2,852
3,123
-0.2%
Operating lease liabilities
271
n/a
n/a
Other liabilities
1,699
1,699
1,858
+0.0%
Total liabilities and equity
5,325
5,243
6,239
+1.6%
Fixed assets
550
658
785
-16.3%
Goodwill
1,391
1,386
1,397
+0.3%
Intangible assets
553
588
639
-5.9%
Cash and equivalents
630
594
1,079
+6.0%
Receivables
936
970
1,125
-3.5%
Inventory
496
543
601
-8.7%
Other assets
769
504
613
+52.5%
Total assets
5,325
5,243
6,239
+1.6%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.