-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LD5Ntmtgffy8byZJKYgwD8OBhJqjLkIIP0W+Pi58W9MGUQNincygo1oo+s4zsJrb qD1PaJAhMdKz576bF+LnKA== 0000063276-98-000010.txt : 19980522 0000063276-98-000010.hdr.sgml : 19980522 ACCESSION NUMBER: 0000063276-98-000010 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980521 SROS: NYSE SROS: PCX FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTEL INC /DE/ CENTRAL INDEX KEY: 0000063276 STANDARD INDUSTRIAL CLASSIFICATION: DOLLS & STUFFED TOYS [3942] IRS NUMBER: 951567322 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-05647 FILM NUMBER: 98629542 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3102522000 10-Q/A 1 AMENDED 1ST QUARTER 1998 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q/A (AMENDMENT NO. 1) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 1998 -------------- OR [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-05647 ---------------------------------- MATTEL, INC. ------------ (Exact name of registrant as specified in its charter) Delaware 95-1567322 - ------------------------------------------------------------------------------ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) 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 -------------- (Former name, former address and former fiscal year, None if changed since last report) -------------- Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [_] Number of shares outstanding of registrant's common stock as of May 8, 1998: Common Stock - $1 par value -- 293,515,239 shares The undersigned registrant hereby amends Item 6 of its Quarterly Report on Form 10-Q for the quarter ended March 31, 1998, as set forth below, in order to correct Exhibit 12.0 "Computation of Ratio of Earnings (Loss) to Fixed Charges and Ratio of Earnings (Loss) to Combined Fixed Charges and Preferred Stock Dividends" for a typographical error. Preferred stock dividends reported in page 2 of the Exhibit for the three months ended March 31, 1998 has been changed to $1,990 from the previously reported $1,090. PART II -- OTHER INFORMATION ---------------------------- Item 6. Exhibits and Reports on Form 8-K - ----------------------------------------- (a) Exhibits -------- 12.0 Amended Computation of Ratio of Earnings (Loss) to Fixed Charges and Ratio of Earnings (Loss) to Combined Fixed Charges and Preferred Stock Dividends SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934 as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. MATTEL, INC. ------------ (Registrant) Date: As of May 21, 1998 By: /s/ KEVIN M. FARR ------------------ ------------------------- Kevin M. Farr Senior Vice President and Controller 3 EX-12.0 2 STATEMENT RE COMPUTATION OF RATIOS MATTEL, INC. AND SUBSIDIARIES EXHIBIT 12.0 (Page 1 of 2) COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES -------------------------------------------------------- (Amounts in thousands, except ratios) (Unaudited)
FOR THE THREE MONTHS ENDED FOR THE YEARS ENDED DECEMBER 31, (a) --------------------- ---------------------------------------------------- MARCH 31, MARCH 31, 1998 1997(a) 1997 1996 1995 1994 1993(b) --------- --------- ---------------------------------------------------- EARNINGS (LOSS) AVAILABLE FOR FIXED CHARGES: Income (loss) before income taxes, cumulative effect of changes in accounting principles and extraordinary items $ 17,756 $(267,619) $425,082 $536,756 $504,668 $362,157 $153,306 Less (plus) minority interest and undistributed income (loss) of less-than-majority-owned affiliates, net (5) 66 (144) 303 (36) (649) 124 Add: Interest expense 16,392 19,636 90,130 100,226 102,983 87,071 86,101 Appropriate portion of rents (c) 3,947 4,952 17,665 19,527 19,450 16,224 16,221 --------- --------- -------- -------- -------- -------- -------- Earnings (loss) available for fixed charges $ 38,090 $(242,965) $532,733 $656,812 $627,065 $464,803 $255,752 ========= ========= ======== ======== ======== ======== ======== FIXED CHARGES: Interest expense $ 16,392 $ 19,636 $ 90,130 $100,226 $102,983 $ 87,071 $ 86,101 Capitalized interest - 218 991 1,789 693 285 - Appropriate portion of rents (c) 3,947 4,952 17,665 19,527 19,450 16,224 16,221 --------- --------- -------- -------- -------- -------- -------- Fixed charges $ 20,339 $ 24,806 $108,786 $121,542 $123,126 $103,580 $102,322 ========= ========= ======== ======== ======== ======== ======== Ratio of earnings (loss) to fixed charges 1.87X (9.79)(d) 4.90X 5.40X 5.09X 4.49X 2.50X ========= ========= ======== ======== ======== ======== ======== (a) Consolidated financial information for 1997 through 1993 has been restated for the effects of the March 1997 merger of Tyco Toys, Inc. ("Tyco") into the Company, accounted for as a pooling of interests. (b) Consolidated financial information for 1993 has been restated for the effects of the November 1993 merger of Fisher-Price, Inc. into a wholly-owned subsidiary of the Company, accounted for as a pooling of interests. (c) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense. (d) As a result of an approximately $275 million restructuring charge to earnings taken in the first quarter of 1997, earnings did not cover fixed charges by $267.8 million for the three month period ended March 31, 1997.
MATTEL, INC. AND SUBSIDIARIES EXHIBIT 12.0 (Page 2 of 2) COMPUTATION OF RATIO OF EARNINGS (LOSS) TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS --------------------------------------------------------- (Amounts in thousands, except ratios) (Unaudited)
FOR THE THREE MONTHS ENDED FOR THE YEARS ENDED DECEMBER 31, (a) --------------------- ---------------------------------------------------- MARCH 31, MARCH 31, 1998 1997(a) 1997 1996 1995 1994 1993(b) --------- --------- ---------------------------------------------------- EARNINGS (LOSS) AVAILABLE FOR FIXED CHARGES: Income (loss) before income taxes, cumulative effect of changes in accounting principles and extraordinary items $ 17,756 $(267,619) $425,082 $536,756 $504,668 $362,157 $153,306 Less (plus) minority interest and undistributed income (loss) of less-than-majority-owned affiliates, net (5) 66 (144) 303 (36) (649) 124 Add: Interest expense 16,392 19,636 90,130 100,226 102,983 87,071 86,101 Appropriate portion of rents (c) 3,947 4,952 17,665 19,527 19,450 16,224 16,221 --------- --------- -------- -------- -------- -------- -------- Earnings (loss) available for fixed charges $ 38,090 $(242,965) $532,733 $656,812 $627,065 $464,803 $255,752 ========= ========= ======== ======== ======== ======== ======== FIXED CHARGES: Interest expense $ 16,392 $ 19,636 $ 90,130 $100,226 $102,983 $ 87,071 $ 86,101 Capitalized interest - 218 991 1,789 693 285 - Dividends - Series B preferred stock - 846 2,537 3,406 3,200 2,157 - Dividends - Series C preferred stock 1,990 1,994 7,968 3,985 - - - Dividends - Series F preference stock - - - - 3,342 4,689 4,894 Appropriate portion of rents (c) 3,947 4,952 17,665 19,527 19,450 16,224 16,221 --------- --------- -------- -------- -------- -------- -------- Fixed charges $ 22,329 $ 27,646 $119,291 $128,933 $129,668 $110,426 $107,216 ========= ========= ======== ======== ======== ======== ======== Ratio of earnings (loss) to fixed charges 1.71X (8.79)(d) 4.47X 5.09X 4.84X 4.21X 2.39X ========= ========= ======== ======== ======== ======== ======== (a) Consolidated financial information for 1997 through 1993 has been restated for the effects of the March 1997 merger of Tyco into the Company, accounted for as a pooling of interests. (b) Consolidated financial information for 1993 has been restated for the effects of the November 1993 merger of Fisher-Price, Inc. into a wholly-owned subsidiary of the Company, accounted for as a pooling of interests. (c) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense. (d) As a result of an approximately $275 million restructuring charge to earnings taken in the first quarter of 1997, earnings did not cover fixed charges plus preferred stock dividends by $270.6 million for the three month period ended March 31, 1997.
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