EX-99.4 7 dex994.txt FIVE-YEAR FINANCIAL SUMMARY EXHIBIT 99.4 MATTEL, INC. AND SUBSIDIARIES FIVE-YEAR FINANCIAL SUMMARY
For the Year Ended December 31, (a)(b)(c) ---------------------------------------------------------- 2001 2000 1999 1998 1997 ---------- ---------- ---------- ---------- ---------- (In thousands, except per share and percentage information) Operating Results: Net sales(c) ........... $4,687,924 $4,565,489 $4,502,769 $4,579,494 $4,646,375 Gross profit(c)......... 2,148,934 1,993,242 2,067,240 2,154,502 2,224,090 % of net sales(c)..... 45.8% 43.7% 45.9% 47.0% 47.9% Operating profit (d).... 585,142 378,403 301,773 570,279 515,212 % of net sales(c)..... 12.5% 8.3% 6.7% 12.5% 11.1% Income from continuing operations before income taxes, cumulative effect of change in accounting principles and extraordinary item..... 430,010 225,424 170,164 459,446 425,082 Provision for income taxes.................. 119,090 55,247 61,777 131,193 135,288 Income from continuing operations before cumulative effect of change in accounting principles and extraordinary item..... 310,920 170,177 108,387 328,253 289,794 Loss from discontinued operations (a)......... -- (601,146) (190,760) (122,200) (467,905) Cumulative effect of change in accounting principles............. (12,001) -- -- -- -- Extraordinary item-loss on early retirement of debt................... -- -- -- -- (4,610) Net income (loss)....... 298,919 (430,969) (82,373) 206,053 (182,721) Income (Loss) Per Common Share (e): Income (loss) per common share--Basic Income from continuing operations........... 0.72 0.40 0.25 0.82 0.76 Loss from discontinued operations (a)....... -- (1.41) (0.46) (0.31) (1.27) Cumulative effect of change in accounting principles........... (0.03) -- -- -- -- Extraordinary item.... -- -- -- -- (0.01) Net income (loss)..... 0.69 (1.01) (0.21) 0.51 (0.52) Income (loss) per common share--Diluted Income from continuing operations........... 0.71 0.40 0.25 0.76 0.74 Loss from discontinued operations (a)....... -- (1.41) (0.45) (0.29) (1.24) Cumulative effect of change in accounting principles........... (0.03) -- -- -- -- Extraordinary item.... -- -- -- -- (0.01) Net income (loss)..... 0.68 (1.01) (0.20) 0.47 (0.51) Dividends Declared Per Common Share (e)....... 0.05 0.27 0.35 0.31 0.27 As of Year End (a)(b) ---------------------------------------------------------- 2001 2000 1999 1998 1997 ---------- ---------- ---------- ---------- ---------- (In thousands) Financial Position: Total assets............ $4,540,561 $4,313,397 $4,673,964 $4,612,770 $3,915,059 Long-term liabilities... 1,205,122 1,407,892 1,145,856 1,124,756 808,297 Stockholders' equity.... 1,738,458 1,403,098 1,962,687 2,170,803 1,933,338
-------- (a) Financial data for 1997 through 1999 reflect the retroactive effect of the merger, accounted for as a pooling of interests, with The Learning Company, Inc. ("Learning Company") in May 1999. As more fully described in Note 13 to the Consolidated Financial Statements, the Consumer Software segment, which was comprised primarily of Learning Company, was reported as a discontinued operation effective March 31, 2000, and the consolidated financial statements were reclassified to segregate the net investment in, and the liabilities and operating results of the Consumer Software segment. (b) Consolidated financial information for 1997 has been restated retroactively for the effects of the March 1997 merger with Tyco Toys, Inc. ("Tyco"), accounted for as a pooling of interests. (c) In first quarter 2002, Mattel implemented Emerging Issues Task Force Issue No. 01-09, Accounting for Consideration Given by a Vendor to a Customer. Net sales, gross profit and advertising and promotion expenses have been restated to reflect the reclassification of sales incentives or certain consideration offered by Mattel to its vendors as a result of implementing this Issue. (d) Represents income from continuing operations before interest expense and provision for income taxes. (e) Per share data reflect the retroactive effect of the mergers with Learning Company and Tyco in 1999 and 1997, respectively.