Mattel (MAT) FY2020 results: revenue $4.6 billion, up 1.8% on the year
Mattel Inc. (MAT) reported revenue of $4.6 billion for fiscal 2020, the year ended 31 December 2020, up 1.8% on the year before. Net income was $124 million, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$4.6 billion
+1.8% on the year
FY2013FY2020
Operating margin
8.2%
0.8% a year earlier
FY2013FY2020
Net income
$124 million
FY2013FY2020
Diluted EPS
$0.35
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,584
4,505
4,511
+1.8%
Cost of revenue
2,345
2,524
2,716
-7.1%
Gross profit
2,244
1,981
1,799
+13.3%
Gross margin
48.9%
44.0%
39.9%
Research and development
189
197
205
-3.9%
Operating income
375
37.1
-234
+910.0%
Operating margin
8.2%
0.8%
-5.2%
Interest expense
198
201
182
-1.3%
Pre-tax income
178
-160
-415
Income tax
65.5
58.3
116
+12.4%
Effective tax rate
36.9%
n/a
n/a
Net income
124
-219
-533
Net margin
2.7%
-4.9%
-11.8%
Diluted EPS
$0.35
-$0.63
-$1.55
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
286
168
-27.3
+69.6%
Capital expenditure
59.4
50.8
74.7
+16.9%
Free cash flow
226
118
-102
+92.4%
Free cash flow margin
4.9%
2.6%
-2.3%
Cash from investing
-132
-102
-161
Cash from financing
-5.8
-33.1
-285
Depreciation and amortisation
193
245
272
-20.9%
Share-based compensation
60.2
56.0
48.9
+7.5%
Dividends paid
n/a
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
349m
346m
345m
+0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
610
509
689
+20.0%
Short-term borrowings
1.0
0.0
4.2
Debt
2,855
2,847
2,852
+0.3%
Operating lease liabilities
249
271
n/a
-7.9%
Other liabilities
1,820
1,699
1,699
+7.1%
Total liabilities and equity
5,535
5,325
5,243
+3.9%
Fixed assets
474
550
658
-13.9%
Goodwill
1,394
1,391
1,386
+0.2%
Intangible assets
518
553
588
-6.3%
Cash and equivalents
762
630
594
+21.0%
Receivables
1,034
936
970
+10.4%
Inventory
528
496
543
+6.7%
Other assets
824
769
504
+7.2%
Total assets
5,535
5,325
5,243
+3.9%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.