Mattel 2014 Annual Report Download - page 63
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Please find page 63 of the 2014 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.-
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Mattel’s Venezuelan subsidiary represented less than 0.1% of Mattel’s consolidated net sales in 2014 and
had approximately $22 million of net monetary assets denominated in BsF as of December 31, 2014. Venezuela
currency matters, along with economic and political instability, continue to impact the operating results of
Mattel’s Venezuelan subsidiary. If the Venezuelan bolivar fuerte significantly devalues in the future, or if the
economic or political conditions significantly worsen, Mattel may consider ceasing operations of its Venezuelan
subsidiary, which could result in a pre-tax charge to its consolidated statement of operations of up to $95 million.
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