Mattel 2000 Annual Report Download - page 19

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seventeen
Five-Year Financial Summary
Mattel, Inc. and Subsidiaries
For the Year Ended December 31 (a) (b)
(In thousands, except per share and percentage information) 2000 1999 1998 1997 1996
OPERATING RESULTS:
Net sales $4,669,942 $4,595,490 $4,698,337 $4,778,663 $4,535,332
Gross profit 2,100,785 2,182,021 2,309,795 2,364,085 2,219,758
% of net sales 45.0
%
47.5
%
49.2
%
49.5
%
48.9
%
Operating profit (c) 378,403 301,773 570,279 515,212 636,982
% of net sales 8.1
%
6.6
%
12.1
%
10.8
%
14.0
%
Income from continuing operations before income
taxes and extraordinary item 225,424 170,164 459,446 425,082 536,756
Provision for income taxes 55,247 61,777 131,193 135,288 164,532
Income from continuing operations before extraordinary item 170,177 108,387 328,253 289,794 372,224
Loss from discontinued operations (a) (601,146) (190,760) (122,200) (467,905) (350,262)
Extraordinary item - loss on early retirement of debt
–––
(4,610)
–
Net income (loss) (430,969) (82,373) 206,053 (182,721) 21,962
INCOME (LOSS) PER COMMON SHARE (d):
Income (loss) per common share - Basic
Income from continuing operations 0.40 0.25 0.82 0.76 1.02
Loss from discontinued operations (a) (1.41) (0.46) (0.31) (1.27) (0.98)
Extraordinary item
–––
(0.01)
–
Net income (loss) (1.01) (0.21) 0.51 (0.52) 0.04
Income (loss) per common share - Diluted
Income from continuing operations 0.40 0.25 0.76 0.74 0.99
Loss from discontinued operations (a) (1.41) (0.45) (0.29) (1.24) (0.95)
Extraordinary item
–––
(0.01)
–
Net income (loss) (1.01) (0.20) 0.47 (0.51) 0.04
DIVIDENDS DECLARED PER COMMON SHARE (d) 0.27 0.35 0.31 0.27 0.24
As of Year End (a) (b)
(In thousands) 2000 1999 1998 1997 1996
FINANCIAL POSITION:
Total assets $4,313,397 $4,673,964 $4,612,770 $3,915,059 $3,885,006
Long-term liabilities 1,407,892 1,145,856 1,124,756 808,297 633,342
Stockholders’ equity 1,403,098 1,962,687 2,170,803 1,933,338 2,109,787
(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 1996 and 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) Represents income from continuing operations before interest expense and provision for income taxes.
(d) Per share data reflect the retroactive effect of a stock split distributed to stockholders in March 1996, and the mergers with Learning Company and Tyco in 1999 and 1997, respectively.