MATTEL INC /DE/

Listed Company

MATCIK 0000063276NasdaqLarge AcceleratedDolls & Stuffed ToysDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.35B

Net Income

$397.58M

Total Assets

$6.64B

Equity

$2.23B

Shares Out

302.20M

Op. Cash Flow

$593.25M

Business

MATTEL INC /DE/ is a leading global toy and family entertainment company that creates products and experiences to inspire fans, entertain audiences, and develop children through play. It offers toys and related consumer products across owned and licensed brands, entertainment content, digital and live experiences, and licensing of its intellectual property. Mattel reports through two segments—North America and International—and organizes products into categories including Dolls; Infant, Toddler, and Preschool; Vehicles; and Action Figures, Building Sets, Games and Other. Its products are sold worldwide directly to retailers and wholesalers, through agents and distributors, omnichannel retailers and e-commerce, and select company retail outlets.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	5,348	5,380	5,441	5,435	5,458
Cost of sales	2,742	2,645	2,858	2,953	2,831
Gross Profit	2,606	2,734	2,584	2,481	2,627
Advertising and promotion expenses	522	507	525	534	546
Other selling and administrative expenses	1,537	1,532	1,497	1,272	1,351
Operating Income	546	694	562	676	730
Interest expense	119	119	124	133	—
Interest (income)	−45	−51	−25	−9	−4
Other non-operating expense (income), net	13	4	−2	48	8
Income Before Income Taxes	459	623	465	504	471
Provision for income taxes	90	106	269	136	−420
(Income) from equity method investments	−28	−25	−18	−25	−12
Net Income	398	542	214	394	903
Net Income Per Common Share - Basic (USD per share)	1.25	1.59	0.61	1.11	2.58
Weighted-average number of common shares (in shares)	318	340	354	354	350
Net Income Per Common Share - Diluted (USD per share)	1.24	1.58	0.6	1.1	2.53
Weighted-average number of common and potential common shares (in shares)	322	343	357	360	357

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and equivalents	1,243	1,388	1,261	761	731
Accounts receivable, net of allowances for credit losses of $17.4 million and $8.2 million in 2025 and 2024, respectively	1,098	1,003	1,082	860	1,073
Inventories	563	502	572	894	777
Prepaid expenses and other current assets	227	234	208	214	293
Total current assets	3,131	3,127	3,122	2,729	2,875
Property, plant, and equipment, net	590	516	466	469	456
Right-of-use assets, net	320	326	313	319	325
Goodwill	1,390	1,382	1,385	1,379	1,390
Deferred income tax assets	313	297	299	472	527
Identifiable intangible assets, net	337	361	393	425	477
Other noncurrent assets	560	536	458	385	344
Total Assets	6,640	6,544	6,436	6,178	6,394
Accounts payable	555	399	442	471	579
Accrued liabilities	873	879	866	679	992
Income taxes payable	30	38	34	38	28
Total current liabilities	1,458	1,316	1,342	1,188	1,598
Long-term debt	2,332	2,334	2,330	2,326	2,571
Noncurrent lease liabilities	268	278	260	271	284
Other noncurrent liabilities	349	352	355	337	372
Total noncurrent liabilities	2,949	2,964	2,944	2,934	3,227
Commitments and Contingencies (See Note 13)	—	—	—	—	—
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued	441	441	441	441	441
Additional paid-in capital	1,788	1,780	1,775	1,808	1,832
Treasury stock at cost: 140.0 million shares and 111.4 million shares in 2025 and 2024, respectively	−3,107	−2,567	−2,224	−2,130	−2,220
Retained earnings	4,001	3,604	3,062	2,848	2,457
Accumulated other comprehensive loss	−891	−994	−905	−911	−941
Total stockholders' equity	2,233	2,264	2,149	2,056	1,569
Total Liabilities and Stockholders' Equity	6,640	6,544	6,436	6,178	6,394

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	136	137	139	145	146
Amortization of intangibles	32	31	38	38	38
Share-based compensation	80	79	83	69	60
Inventory obsolescence	38	46	64	65	41
Deferred income taxes	−19	−21	176	70	57
Content asset amortization	50	78	52	56	47
Accounts receivable, net	−60	21	−198	198	−86
Inventories	−57	−25	261	−204	−331
Prepaid expenses and other current assets	−6	−11	8	−12	−27
Accounts payable, accrued liabilities, and income taxes payable	65	50	136	−342	209
Content asset spend	−20	−26	−58	−60	−44
Other, net	−16	−76	−28	15	−55
Net cash flows provided by operating activities	593	801	870	443	485
Purchases of tools, dies, and molds	−71	−67	−74	−80	−74
Purchases of other property, plant, and equipment	−111	−135	−86	−106	−77
Proceeds from foreign currency forward exchange contracts, net	9	7	15	−520,000	2
Other, net	18	6	3	5	1
Net cash flows used for investing activities	−155	−189	−142	−144	−105
Proceeds from long-term borrowings, net	592	0	0	0	1,185
Payments of long-term borrowings	−600	0	0	−250	−1,576
Share repurchases	−600	−400	−203	0	0
Tax withholdings for share-based compensation	−17	−20	−35	−30	−20
Proceeds from stock option exercises	10	6	27	28	12
Other, net	−6	−36	−15	−8	−2
Net cash flows used for financing activities	−621	−449	−227	−261	−402
Effect of Currency Exchange Rate Changes on Cash and Equivalents	37	−36	−678,000	−8	−9
Change in Cash and Equivalents	−145	127	500	30	−31
Cash paid during the year for interest	116	114	118	129	210

Filings

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