Mattel 1998 Annual Report Download - page 35

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Mattel, Inc. and Subsidiaries 33
Consolidated Balance Sheets
December 31, December 31,
(In thousands) 1998 1997
Assets
Current Assets
Cash $ 212,454 $ 694,947
Accounts receivable, less allowances of $41.2 million at December 31, 1998
and $30.7 million at December 31, 1997 983,050 1,091,416
Inventories 584,358 428,844
Prepaid expenses and other current assets 277,948 246,529
Total current assets 2,057,810 2,461,736
Property, Plant and Equipment
Land 35,113 29,556
Buildings 271,580 198,396
Machinery and equipment 512,225 453,978
Capitalized leases 23,271 24,625
Leasehold improvements 82,643 68,179
924,832 774,734
Less: accumulated depreciation 375,724 336,946
549,108 437,788
Tools, dies and molds, net 187,349 163,809
Property, plant and equipment, net 736,457 601,597
Other Noncurrent Assets
Goodwill, net 1,253,531 534,128
Other assets 214,367 206,330
$4,262,165 $3,803,791
Liabilities and Stockholders’ Equity
Current Liabilities
Short-term borrowings $ 134,006 $ 17,468
Current portion of long-term liabilities 33,518 13,659
Accounts payable 293,421 310,117
Accrued liabilities 651,013 629,445
Income taxes payable 205,253 202,735
Total current liabilities 1,317,211 1,173,424
Long-Term Liabilities
6-3/4% senior notes, due 2000 100,000 100,000
6% senior notes, due 2003 150,000 -
6-1/8% senior notes, due 2005 150,000 -
Medium-term notes 540,500 520,500
Mortgage note 43,007 43,573
Other 141,249 144,224
Total long-term liabilities 1,124,756 808,297
Stockholders’ Equity
Preferred stock, Series C $1.00 par value, $125.00 liquidation preference per share, 772.8 thousand shares
authorized; 771.9 thousand shares issued and outstanding in 1998 and 1997, respectively 772 772
Common stock $1.00 par value, 1.0 billion shares authorized; 300.4 million shares issued in 1998 and 1997, respectively 300,381 300,381
Additional paid-in capital 482,662 509,172
Treasury stock at cost; 14.3 million and 8.8 million shares in 1998 and 1997, respectively (495,347) (285,420)
Retained earnings 1,724,677 1,490,804
Accumulated other comprehensive loss (192,947) (193,639)
Total stockholders’ equity 1,820,198 1,822,070
$4,262,165 $3,803,791
Commitments and Contingencies (See accompanying notes.)
The accompanying notes are an integral part of these statements.