Recs

2

Barbie Still in Fashion at Mattel: Fool by Numbers

On Jan. 29, Mattel (NYSE: MAT  ) released fourth-quarter earnings for the period ended Dec. 31.

  • Healthy performance of core brands in domestic and international markets drove an increase in worldwide net sales by 14%, with net profits rising to $286.4 million.
  • Net margin decreased to 13.6% (in spite of improvements in gross and operating margins) because of a rise in SGA expenses.
  • Worldwide gross sales for the Barbie brand were up 3%, while Fisher-Price registered the maximum growth of 16% and fueled strong sales of its Core Fisher-Price and Fisher-Price Friends.
  • For more fun and games, see what longtime Fool contributor Rick Munarriz has to say about Mattel here.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$2,108.8

$1,842.9

14.4%

Net Profit

$286.4

$279.2

2.6%

EPS

$0.75

$0.69

8.7%

Diluted Shares

384.0

402.5

(4.6%)



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

48.0%

47.8%

0.2

Operating Margin

18.4%

17.5%

1.0

Net Margin

13.6%

15.2%

(1.6)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$1,205.6

$997.7

20.8%

Accounts Rec.

$943.8

$760.6

24.1%

Inventory

$383.1

$376.9

1.6%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$1,356.3

$1,062.4

27.7%

Long-Term Debt

$635.7

$525.0

21.1%



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$876.0

$467.0

87.6%



Find out why Fools always follow the money.

Related Companies:

  • Hasbro (NYSE: HAS  )
  • LeapFrog (NYSE: LF  )
  • RC2 (Nasdaq: RCRC  )
  • JAKKS Pacific (Nasdaq: JAKK  )
  • International Game Technology (NYSE: IGT  )

Related Foolishness:

Mattel is a former Motley Fool Inside Value recommendation. Hasbro is a Motley Fool Stock Advisor selection.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.


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Related Tickers

5/25/2012 10:03 AM
MAT $31.18 Up +0.14 +0.45%
Mattel, Inc. CAPS Rating: ****
LF $10.15 Down -0.15 -1.46%
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JAKKS Pacific, Inc… CAPS Rating: ****
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