Mattel (MAT) FY2021 results: revenue $5.5 billion, up 19.1% on the year
Mattel Inc. (MAT) reported revenue of $5.5 billion for fiscal 2021, the year ended 31 December 2021, up 19.1% on the year before. Net income was $903 million, up 630.7%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$5.5 billion
+19.1% on the year
FY2014FY2021
Operating margin
13.4%
8.2% a year earlier
FY2014FY2021
Net income
$903 million
+630.7% on the year
FY2014FY2021
Diluted EPS
$2.53
+622.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
485
286
168
+69.9%
Capital expenditure
77.1
59.4
50.8
+29.9%
Free cash flow
408
226
118
+80.4%
Free cash flow margin
7.5%
4.9%
2.6%
Cash from investing
-105
-132
-102
Cash from financing
-402
-5.8
-33.1
Depreciation and amortisation
184
193
245
-4.7%
Share-based compensation
60.1
60.2
56.0
-0.1%
Buybacks
0.0
n/a
n/a
Dividends paid
n/a
n/a
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
357m
349m
346m
+2.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,569
610
509
+157.1%
Short-term borrowings
0.0
1.0
0.0
Debt
2,571
2,855
2,847
-9.9%
Operating lease liabilities
284
249
271
+13.7%
Other liabilities
1,970
1,820
1,699
+8.3%
Total liabilities and equity
6,394
5,535
5,325
+15.5%
Fixed assets
456
474
550
-3.8%
Goodwill
1,390
1,394
1,391
-0.3%
Intangible assets
477
518
553
-8.0%
Cash and equivalents
731
762
630
-4.0%
Receivables
1,073
1,034
936
+3.7%
Inventory
777
528
496
+47.1%
Other assets
1,490
824
769
+80.7%
Total assets
6,394
5,535
5,325
+15.5%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.