Mattel 2002 Annual Report Download - page 74

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Scheduled Maturities
The aggregate amounts of long-term debt maturing in the next five years are as follows (in thousands):
Senior
Notes
MT
Notes
Mortgage
Note Other Total
2003 .......................................... $150,000 $ 30,000 $ 849 $1,446 $182,295
2004 .......................................... — 50,000 939 — 50,939
2005 .......................................... 150,000 — 39,131 — 189,131
2006 .......................................... — 50,000 — — 50,000
2007 .......................................... — 50,000 — — 50,000
Thereafter ...................................... — 300,000 — — 300,000
Total ...................................... $300,000 $480,000 $40,919 $1,446 $822,365
Note 6—Stockholders’ Equity
Preference Stock
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is
currently outstanding.
Preferred Stock
Mattel is authorized to issue 3.0 million shares of $1.00 par value preferred stock, of which none is currently
outstanding.
Special Voting Preferred Stock and Related Exchangeable Shares
Mattel is authorized to issue one share of $1.00 par value Special Voting Preferred Stock, which was issued
in exchange for one share of Learning Company special voting stock in connection with the May 1999 merger.
The par value and liquidation preference of the Special Voting Preferred Stock are $1.00 and $10.00 per share,
respectively. The Special Voting Preferred Stock was redeemed for $10.00 on January 7, 2003, the automatic
redemption date for the exchangeable shares.
As of year end 2002 and 2001, there were 260.7 thousand and 935.1 thousand outstanding exchangeable
shares, respectively, that were not owned by Mattel, its subsidiaries or any entity controlled by Mattel. On
June 27, 2002, the board of directors of Softkey Software Products Inc. accelerated the automatic redemption
date of the outstanding exchangeable shares. Concurrently, Mattel exercised its right to acquire these
exchangeable shares on the automatic redemption date. On January 7, 2003, Mattel acquired all exchangeable
shares not previously exchanged by issuing 312.8 thousand shares of Mattel common stock.
During 2002, 2001 and 2000, 674.3 thousand, 622.5 thousand and 1.6 million exchangeable shares,
respectively, were exchanged by the holders into common stock at the rate of 1.2 common shares per
exchangeable share.
Stock Warrants
In 2000, Mattel issued Warner Bros. Consumer Products a stock warrant to purchase 3.0 million shares of
Mattel’s common stock at an exercise price of $10.875 per share. On April 2, 2002, Mattel issued 1.4 million
common shares to Warner Bros. Consumer Products as a result of a cashless exercise. Mattel has no further
obligation to issue shares under this warrant. In 1996, Mattel issued Disney Enterprises, Inc. a warrant to
purchase 3.0 million shares of Mattel’s common stock at an exercise price of $27.375 per share. This warrant
expired unexercised on October 2, 2002.
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