-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, noVOcdpzvE0kh+hcNQfpF/BqnFVfqVa0/9wEfI9rcriVabrCFns+ZPgmN9CTahv4 KEm/o+6GzTyq/86QjmAHpQ== 0000063276-95-000011.txt : 19950419 0000063276-95-000011.hdr.sgml : 19950419 ACCESSION NUMBER: 0000063276-95-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950418 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950418 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTEL INC /DE/ CENTRAL INDEX KEY: 0000063276 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 951567322 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05647 FILM NUMBER: 95529338 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3105244600 8-K 1 FIRST QUARTER 1995 EARNINGS RELEASE SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: April 18, 1995 MATTEL, INC. ------------ (Exact name of registrant as specified in its charter) Delaware 001-05647 95-1567322 - ------------------------------------------------------------------------------ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File No.) Identification No.) 333 Continental Boulevard, El Segundo, California 90245-5012 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (310) 252-2000 ---------------------------- N/A - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) Information to be included in the Report ---------------------------------------- Item 5. Other Events - ------- ------------ Mattel, Inc. hereby incorporates by reference herein its press release dated April 18, 1995, regarding its 1995 first quarter results of operations, a copy of which is included as Exhibit 99.0 attached hereto. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (a) Financial statements of businesses acquired: None (b) Pro forma financial information: None (c) Exhibits: 99.0 Press release dated April 18, 1995. SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATTEL, INC. Registrant By: /s/ LELAND P. SMITH ------------------------- Leland P. Smith Date: April 18, 1995 Assistant General Counsel -------------- EX-99.0 2 PRESS RELEASE DATED APRIL 18, 1995 FOR IMMEDIATE RELEASE CONTACT: Glenn Bozarth April 18, 1995 (310) 252-3521 MATTEL REPORTS FIRST QUARTER RESULTS ------------------------------------ LOS ANGELES, April 18 -- Mattel, Inc. today reported first quarter net income of $27.0 million or $.12 per share, up 12 percent from $24.1 million or $.10 per share in 1994. Net sales were $543.6 million, up 12 percent from $487.3 million for the same quarter last year. "The strong Mattel momentum shown at the end of 1994 continues in 1995, with consumer and retail trade demand remaining excellent for our core product lines -- Barbie, Fisher-Price, Disney and Hot Wheels," John W. Amerman, Mattel's chairman and chief executive officer, said. "In total, these core brand sales that account for approximately 80 percent of Mattel's volume grew 15 percent in the first quarter, versus the year-ago period," Amerman said. "We're also benefitting from outstanding consumer demand for additional products such as Polly Pocket and Street Sharks, which are currently two of the most sought-after toys at retail. -more- 2-2-2-2-2 "While the majority of our business occurs in the second half of the year, the strong early retail trade and consumer response gives us confidence we will meet our 1995 targets, and Mattel will achieve its seventh consecutive year of record sales and earnings," Amerman said. Mattel, Inc. is the worldwide leader in the design, manufacture and marketing of children's toys. With headquarters in El Segundo, California, Mattel has offices and facilities in 36 countries and sells its products in more than 140 nations throughout the world. -###- MATTEL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED ------------------------- March 31, March 31, (In thousands, except per share amounts) 1995 1994 - ---------------------------------------- ---------- ---------- Net sales $ 543,570 $ 487,271 Cost of sales 284,545 249,167 ---------- ---------- Gross profit 259,025 238,104 Advertising and promotion expenses 78,600 71,630 Other selling and administrative expenses 131,918 116,797 Other (income) expense, net (3,414) 3,285 ---------- ---------- Operating Profit 51,921 46,392 Interest expense 11,077 8,123 ---------- ---------- Income Before Income Taxes 40,844 38,269 Provision for income taxes 13,886 14,200 ---------- ---------- Net Income $ 26,958 $ 24,069 ========== ========== Net Income Per Share (a) $ 0.12 $ 0.10 ========== ========== Average Number of Common and Common Equivalent Shares Outstanding 223,883 218,796 ========== ==========
MATTEL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, March 31, Dec. 31, (In thousands) 1995 1994 1994 - -------------- ----------- ----------- ----------- ASSETS Cash and marketable securities $ 89,349 $ 201,993 $ 259,681 Accounts receivable, net 701,190 607,448 762,024 Inventories 414,184 244,864 339,143 Prepaid expenses and other current assets 202,915 145,223 182,675 ----------- ----------- ----------- Total current assets 1,407,638 1,199,528 1,543,523 Property, plant and equipment, net 429,983 333,585 415,921 Other assets 500,845 198,181 499,582 ----------- ----------- ----------- Total Assets $ 2,338,466 $ 1,731,294 $ 2,459,026 =========== =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Notes payable, net $ 167,820 $ - $ - Current portion of long-term liabilities 2,547 4,041 3,095 Accounts payable and accrued liabilities 444,446 386,702 748,392 Income taxes payable 162,048 93,158 164,394 ----------- ----------- ----------- Total current liabilities 776,861 483,901 915,881 Long-term debt 264,810 251,308 264,483 Medium-Term notes 110,500 - 110,500 Other long-term liabilities 84,058 75,635 82,472 Shareholders' equity 1,102,237 920,450 1,085,690 ----------- ----------- ----------- Total Liabilities and Shareholders' Equity $ 2,338,466 $ 1,731,294 $ 2,459,026 =========== =========== =========== (a) Share and per share data for the 1994 first quarter reflect the retroactive effect of a 5/4 stock split declared in December 1994.
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