On July 18, Mattel (NYSE:MAT) released Q2 2005 earnings for the period ending June 30.

  • Adjusted for one-time charges, a loss of $0.23 per share was still below analysts' expectations.
  • Tax expense of $112.9 million ($0.28 per share) resulted from a decision to repatriate $2.4 billion in unremitted foreign earnings.

(Figures in millions, except per-share data)

Income Statement Highlights (What's this?)

Avg. Est.

Q2 2005

Q2 2004

% Change

Sales

$829

$887

$804

+10.3%

Net Profit

--

$(94)

$24

Loss

EPS

$0.07

$(0.23)

$0.06

Loss

Margin Checkup (What's this?)

Q2 2005

Q2 2004

Change

Gross Margin

43.62%

45.56%

-1.94%

Op. Margin

3.21%

5.37%

-2.16%

Net Margin

-10.60%

2.92%

-13.52%

Balance Sheet Highlights (What's this?)

Assets

Q2 2005

Q2 2004

% Change

Cash+ ST Invest.

$362

$364

-0.4%

Inventory

$580

$558

+4.0%

Accounts Rec.

$692

$623

+11.2%


Liabilities

Q2 2005

Q2 2004

% Change

Long-Term Debt

$370

$589

-37.1%

Accounts Pay.*

$709

$761

-6.8%

* Includes other accrued liabilities.

Cash Flow Highlights (What's this?)

Q2 2005

Q2 2004

% Change

Cash From Ops

$(551)

$(518)

N/A

Capital Expend.

$32

$63

-49.2%

Free Cash Flow

$(583)

$(581)

N/A

Related Companies:

  • Hasbro (NYSE:HAS)
  • JAKKS Pacific (NASDAQ:JAKK)
  • LeapFrog (NYSE:LF)
  • Toys R Us (NYSE:TOY)

Related Foolishness:

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.

At the time of publication, Seth Jayson had positions in no firm mentioned. Mattel is a Motley Fool Inside Value pick. Fool rules are here .