Mattel 2014 Annual Report Download - page 113

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For the Year
2014 2013 2012
(In thousands)
Currency transaction gains (losses) included in:
Operating income ............................................ $ 44,060 $ 38,842 $ 61,956
Other non-operating income (expense), net ........................ 2,827 (1,270) 1,563
Net transaction gains ..................................... $ 46,887 $ 37,572 $ 63,519
Other selling and administrative expenses include the following:
Design and development ...................................... $209,467 $201,942 $195,070
Identifiable intangible asset amortization ......................... 36,704 12,575 11,880
Bad debt expense ............................................ 11,507 4,471 2,645
Note 14—Quarterly Financial Information (Unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(In thousands, except per share amounts)
Year Ended December 31, 2014:
Net sales ....................................... $ 946,177 $1,062,252 $2,021,424 $1,993,966
Gross profit ..................................... 481,531 492,570 1,021,138 1,005,783
Advertising and promotion expenses ................. 90,834 99,853 218,746 323,810
Other selling and administrative expenses ............. 384,479 391,709 392,913 444,964
Operating income ................................ 6,218 1,008 409,479 237,009
(Loss) Income before income taxes .................. (9,421) (14,371) 394,180 216,522
Net (loss) income (a) .............................. (11,218) 28,325 331,836 149,931
Net (loss) income per common share—basic ........... $ (0.03) $ 0.08 $ 0.97 $ 0.44
Weighted average number of common shares .......... 340,226 338,709 338,728 338,416
Net (loss) income per common share—diluted .......... $ (0.03) $ 0.08 $ 0.97 $ 0.44
Weighted average number of common and potential
common shares ................................ 340,226 340,644 340,329 339,506
Dividends declared per common share ................ $ 0.38 $ 0.38 $ 0.38 $ 0.38
Common stock market price:
High ....................................... $ 47.39 $ 40.32 $ 39.79 $ 31.86
Low ....................................... 35.24 37.47 30.48 28.78
Year Ended December 31, 2013:
Net sales ....................................... $ 995,606 $1,169,109 $2,206,961 $2,113,216
Gross profit ..................................... 540,051 600,008 1,187,980 1,150,844
Advertising and promotion expenses ................. 104,540 113,403 249,386 282,876
Other selling and administrative expenses ............. 369,680 391,815 410,419 388,661
Operating income ................................ 65,831 94,790 528,175 479,307
Income before income taxes ........................ 44,165 78,729 514,343 461,891
Net income (a) ................................... 38,511 73,348 422,836 369,249
Net income per common share—basic ................ $ 0.11 $ 0.21 $ 1.22 $ 1.08
Weighted average number of common shares .......... 344,315 346,614 343,279 339,402
Net income per common share—diluted ............... $ 0.11 $ 0.21 $ 1.21 $ 1.07
Weighted average number of common and potential
common shares ................................ 348,795 350,424 346,695 343,237
Dividends declared per common share ................ $ 0.36 $ 0.36 $ 0.36 $ 0.36
Common stock market price:
High ....................................... $ 43.77 $ 46.79 $ 47.08 $ 47.82
Low ....................................... 35.70 42.64 40.39 40.39
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