Mattel 2002 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2002 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

MATTEL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Year
2002 2001 2000
(In thousands)
Cash Flows From Operating Activities:
Netincome(loss) ............................................. $ 230,101 $ 298,919 $(430,969)
Add: cumulative effect of change in accounting principles, net of tax .... 252,194 12,001 —
Add: (gain) loss from discontinued operations, net of tax .............. (27,253) — 601,146
Income from continuing operations ............................... 455,042 310,920 170,177
Adjustments to reconcile income from continuing operations to net cash
flows from operating activities:
Noncash derivative loss .................................... — 5,532 —
Noncash restructuring and other charges ....................... 2,405 4,594 46,126
Depreciation ............................................. 180,346 201,012 192,638
Amortization ............................................. 11,582 61,496 63,751
Increase (decrease) from changes in assets and liabilities:
Accounts receivable ....................................... 184,154 111,224 146,673
Inventories .............................................. 154,293 (14,144) (83,637)
Prepaid expenses and other current assets ...................... (7,282) (120,019) (9,821)
Accounts payable, accrued liabilities and income taxes payable ..... 74,445 152,160 29,458
Deferred income taxes ..................................... 106,903 54,962 3,383
Other,net ............................................... (5,804) (10,944) (3,658)
Net cash flows from operating activities of continuing operations ....... 1,156,084 756,793 555,090
Cash Flows From Investing Activities:
Purchases of tools, dies and molds ................................ (81,037) (93,914) (85,258)
Purchases of other property, plant and equipment .................... (86,357) (100,737) (76,491)
Payment for business acquired ................................... (2,910) (20,547) —
Proceeds from sale of other property, plant and equipment ............. 12,336 6,462 9,938
Other,net ................................................... (450) 15,548 585
Net cash flows used for investing activities of continuing operations ..... (158,418) (193,188) (151,226)
Cash Flows From Financing Activities:
Short-term borrowings, net ...................................... (5,929) (175,717) (134,997)
Proceeds from issuance of long-term debt .......................... — — 390,710
Payments of long-term debt ..................................... (421,597) (31,261) (101,104)
Exercise of stock options ....................................... 55,017 53,516 25,189
Paymentofdividendsoncommonstock ........................... (21,868) (21,602) (153,551)
Net cash flows (used for) from financing activities of continuing
operations ................................................. (394,377) (175,064) 26,247
Net Cash From (Used for) Discontinued Operations (See Note 14) .... 43,259 (542) (444,173)
Effect of Exchange Rate Changes on Cash ....................... 3,886 (3,784) (903)
Increase (Decrease) in Cash and Short-term Investments ........... 650,434 384,215 (14,965)
Cash and Short-term Investments at Beginning of Year ............ 616,604 232,389 247,354
Cash and Short-term Investments at End of Year ................. $1,267,038 $ 616,604 $ 232,389
The accompanying notes are an integral part of these statements.
49