Mattel 2000 Annual Report Download - page 46

forty four
Mattel, Inc. and Subsidiaries
discounts and other allowances. However, such adjustments are includ-
ed in the determination of segment profit from operations. Segment
profit from operations represents income from continuing operations
before restructuring and other charges, interest expense, and provision
for income taxes, while consolidated profit from operations represents
income from continuing operations before income taxes as reported in
the consolidated statements of operations. The segment assets are
comprised of accounts receivable and inventories, net of applicable
reserves and allowances.
For the Year
(In thousands) 2000 1999 1998
Revenues (a)
Toy Marketing
US Girls $ 1,110,390 $1,008,959 $ 1,011,020
US Boys-Entertainment 753,149 786,578 782,893
US Infant &Preschool 1,221,851 1,184,236 1,191,475
Other 364,679 345,749 306,865
International 1,531,590 1,571,149 1,698,769
Toy Manufacturing 1,924,313 1,707,917 1,765,857
Segment total 6,905,972 6,604,588 6,756,879
Elimination of intersegment sales (1,924,313) (1,707,917) (1,763,675)
Sales adjustments (311,717) (301,181) (294,867)
Net sales from continuing operations $4,669,942 $4,595,490 $4,698,337
Operating Profit (Loss) (a)
Toy Marketing
US Girls $ 298,296 $ 263,468 $ - (b)
US Boys-Entertainment 63,449 71,520 - (b)
Total US Girls and US Boys-Entertainment 361,745 334,988 350,446
US Infant &Preschool 152,911 136,128 141,713
Other 6,589 6,333 20,235
International 110,976 133,425 178,457
Toy Manufacturing 123,477 148,502 77,834
Segment total 755,698 759,376 768,685
Restructuring and other charges (c) (15,900) (281,107) (44,000)
Interest expense (152,979) (131,609) (110,833)
Corporate and other (d) (361,395) (176,496) (154,406)
Income from continuing operations
before income taxes $ 225,424 $ 170,164 $ 459,446
Depreciation/Amortization (a)
Toy Marketing
US Girls $ 42,394 $ 37,636 $ - (b)
US Boys-Entertainment 30,189 31,158 - (b)
Total US Girls and US Boys-Entertainment 72,583 68,794 55,510
US Infant &Preschool 45,978 44,855 46,776
Other 32,636 27,912 14,071
International 57,278 52,366 49,234
Toy Manufacturing 28,657 28,859 25,629
Segment total 237,132 222,786 191,220
Corporate and other 19,257 23,224 23,085
Depreciation and amortization from
continuing operations $ 256,389 $ 246,010 $ 214,305
(a) Certain information within the segment footnote has been restated to conform to current
management structure.
(b) Information is not available to restate the operating profit or depreciation/amortization
between US Girls and US Boys-Entertainment for 1998.
(c) For the year ended December 31, 2000, restructuring and other charges represents $22.9 mil-
lion in charges related to the 2000 financial realignment plan, offset by $7.0 million of
adjustments related to the 1999 restructuring plan (see Note 9).
(d) For the year ended December 31, 2000, corporate and other includes $102.3 million of charges
related to the initial phase of the 2000 financial realignment plan (see Note 9) and a $53.1
million charge related to the departure of certain senior executives.
(e) Asset information is not maintained by individual segment.
As of Year End
(In thousands) 2000 1999 1998
Assets (a)
Toy Marketing
US Girls and US Boys-Entertainment (e) $ 377,030 $ 447,697 $ 478,476
US Infant &Preschool 254,748 280,237 373,273
Other 68,399 96,538 71,575
International 566,088 566,203 602,063
Toy Manufacturing 79,625 60,796 88,613
Segment total 1,345,890 1,451,471 1,614,000
Corporate and other (16,581) (13,183) (46,592)
Accounts receivable and inventories, net
from continuing operations $1,329,309 $1,438,288 $1,567,408
Mattel sells a broad variety of toy products, which are grouped
into four major categories: Girls, Boys-Entertainment, Infant &
Preschool and Direct Marketing. The table below presents worldwide
revenues from external customers by category:
For the Year
(In thousands) 2000 1999 1998
Girls $1,783,120 $1,707,944 $1,869,462
Boys-Entertainment 1,195,811 1,200,130 1,097,079
Infant &Preschool 1,625,337 1,632,607 1,684,610
Direct Marketing 357,995 317,562 256,132
Other 19,396 38,428 85,921
4,981,659 4,896,671 4,993,204
Sales adjustments (311,717) (301,181) (294,867)
Net sales from continuing operations $4,669,942 $4,595,490 $4,698,337
The tables below present information by geographic area.
Revenues are attributed to countries based on location of customer.
Long-lived assets principally include net property, plant and equip-
ment, and goodwill.
For the Year
(In thousands) 2000 1999 1998
Net Sales
United States $3,312,162 $3,194,780 $3,183,020
International 1,357,780 1,400,710 1,515,317
Consolidated total $4,669,942 $4,595,490 $4,698,337
As of Year End
(In thousands) 2000 1999 1998
Long-Lived Assets
United States $1,198,080 $1,242,786 $1,301,236
International 593,563 673,635 634,011
1,791,643 1,916,421 1,935,247
Corporate and other 243,507 257,786 245,985
Consolidated total $2,035,150 $2,174,207 $2,181,232