-----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, Fcs+6coEdGz8RPOkrkgYrGhowKQRW/bn+sbnZhYvhbOqmiXjZ3g2QqMvP8BPGGfk pcEzsg45GWWkqdkqGt5Byw== 0000063276-97-000017.txt : 19970520 0000063276-97-000017.hdr.sgml : 19970520 ACCESSION NUMBER: 0000063276-97-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970515 ITEM INFORMATION: Other events FILED AS OF DATE: 19970515 SROS: NYSE SROS: PSE 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05647 FILM NUMBER: 97608193 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3102522000 8-K 1 APRIL 1997 COMBINED RESULTS 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: May 15, 1997 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 - ------- ------------ In conformity with the requirements of Accounting Series Release No. 135, as interpreted by Staff Accounting Bulletin No. 65 (Topic 2.E.), attached hereto is a Consolidated Statement of Operations and Condensed Consolidated Balance Sheet of Mattel, Inc. and Subsidiaries as of and for the four months ended April 30, 1997. Such financial statements reflect the March 27, 1997 merger of Tyco Toys, Inc. with and into Mattel, Inc., accounted for as a pooling of interests. MATTEL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE FOUR MONTHS ENDED ----------------- APRIL 30, (In thousands, except per share amounts) 1997 (a) - ---------------------------------------- ---------- Net Sales $ 894,343 Cost of sales 483,427 ---------- Gross Profit 410,916 Advertising and promotion expenses 129,938 Other selling and administrative expenses 251,756 Integration/restructuring costs (b) 275,000 Other expense, net 10,093 ---------- Operating Loss (255,871) Interest expense 25,235 ---------- Loss Before Income Taxes (281,106) Benefit for income taxes (67,175) ---------- Net Loss (213,931) Less: dividends on convertible preferred stock 3,786 ---------- Net Loss Applicable to Common Shares $ (217,717) ========== Net Loss Per Share (c)(d) $ (0.75) ========== Average Number of Common Shares Outstanding (d) 289,257 ========== (a) Consolidated results for the period reflect the retroactive effect of the March 27, 1997 Tyco merger, accounted for as a pooling of interests. (b) Represents a nonrecurring charge for transaction, integration and restructuring costs related to the Tyco merger. The related tax benefit of $65 million is included in the benefit for income taxes. (c) Loss per share for the period, before the $0.72 per share effect of the merger-related nonrecurring charge of $210 million after taxes, was $0.03 per share. (d) Share and per share data for the period presented reflect the retroactive effect of shares issued pursuant to the Tyco merger.
MATTEL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET
April 30, (In thousands) 1997 - -------------- ----------- ASSETS Cash $ 78,859 Accounts receivable, net 968,440 Inventories 565,839 Prepaid expenses and other current assets 198,836 ----------- Total current assets 1,811,974 Property, plant and equipment, net 608,163 Other assets 823,638 ----------- Total Assets $ 3,243,775 =========== LIABILITIES AND SHAREHOLDERS' EQUITY Short-term borrowings $ 31,698 Current portion of long-term liabilities 105,355 Accounts payable and accrued liabilities 682,107 Income taxes payable 99,674 ----------- Total current liabilities 918,834 Long-term debt 296,154 Medium-Term notes 300,000 Other long-term liabilities 114,959 Shareholders' equity 1,613,828 ----------- Total Liabilities and Shareholders' Equity $ 3,243,775 ===========
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/ KEVIN M. FARR ------------------------- Kevin M. Farr Date: May 15, 1997 Senior Vice President and ------------- Controller -----END PRIVACY-ENHANCED MESSAGE-----