On July 16, Motley Fool Inside Value pick Mattel
- Worldwide sales rose by 6.5%, supported by an 18% increase in international sales that offset a 3% decline in domestic sales.
- Fisher-Price Brands sales rose by 12%, a move attributed to continued strength in its infant, newborn, and BabyGear products, as well as Preschool Electronics.
- Gross margin improved 270 basis points as a "modest price increase," lower royalty expenses, and supply chain savings helped the company earn more from each sale.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,020.1 |
$957.7 |
6.5% |
|
Net Profit |
$43.1 |
$37.4 |
15.2% |
|
EPS |
$0.11 |
$0.10 |
10.0% |
|
Diluted Shares |
402.8 |
388.8 |
3.6% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.1% |
43.5% |
2.7 |
|
Operating Margin |
6.2% |
5.2% |
1.0 |
|
Net Margin |
4.2% |
3.9% |
0.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$742.6 |
$625.1 |
18.8% |
|
Accounts Rec. |
$881.6 |
$743.7 |
18.5% |
|
Inventory |
$605.1 |
$538.5 |
12.4% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$817.5 |
$799.9 |
2.2% |
|
Long-Term Debt |
$560.0 |
$795.0 |
(29.6%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($492.0) |
($357.9) |
N/A |
|
Capital Expenditures |
$58.0 |
$66.1 |
(12.3%) |
|
Free Cash Flow |
($550.0) |
($424.0) |
N/A |
Free cash flow is a Fool's best friend.
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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.
