Mattel 2003 Annual Report Download - page 98
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Note 13—Supplemental Financial Information
As of Year End
2003 2002
(In thousands)
Inventories include the following:
Raw materials and work in process ........................................ $ 40,362 $ 34,324
Finished goods ........................................................ 348,296 304,275
$388,658 $338,599
Prepaid expenses and other current assets include the following:
Prepaid income taxes ................................................... $110,656 $120,353
Receivables collections deposits with banks ................................. 98,210 80,690
Other ............................................................... 100,763 91,468
$309,629 $292,511
Other assets include the following:
Deferred income taxes .................................................. $509,430 $513,153
Other ............................................................... 258,522 254,785
$767,952 $767,938
Accrued liabilities include the following:
Receivable collections due to bank ........................................ $219,090 $183,486
Royalties ............................................................ 94,528 118,791
Advertising and promotion .............................................. 89,247 102,398
Incentive compensation ................................................. 37,797 121,111
Other ............................................................... 412,316 416,126
$852,978 $941,912
Other long-term liabilities include the following:
Benefit plan liabilities .................................................. $184,296 $148,338
Other ............................................................... 53,557 43,786
$237,853 $192,124
For the Year
2003 2002 2001
(In thousands)
Other selling and administrative expenses include the following:
Research and development ..................................... $167,362 $159,496 $175,629
Bad debt expense ............................................ 10,688 53,365 57,746
Supplemental disclosure of cash flow information:
Cash paid during the year for:
Income taxes ................................................ $115,468 $108,250 $ 61,438
Interest .................................................... 82,868 120,394 157,926
Noncash investing and financing activities:
Marketable securities tendered for debt repayment .................. $ — $ — $ 10,144
Liability for acquisitions ...................................... 2,021 — 8,419
Note 14—Discontinued Operations
In May 1999, Mattel merged with Learning Company, with Mattel being the surviving corporation. This
transaction was accounted for as a pooling of interests. On March 31, 2000, Mattel’s board of directors resolved
to dispose of its Consumer Software segment, which was comprised primarily of Learning Company. As a result
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