Mattel 2001 Annual Report Download - page 21

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Item 6. Selected Financial Data
For the Year Ended December 31, (a)(b)
2001 2000 1999 1998 1997
(In thousands, except per share and percentage information)
Operating Results:
Net sales ............................ $4,804,062 $4,669,942 $4,595,490 $4,698,337 $4,778,663
Gross profit .......................... 2,266,884 2,100,785 2,182,021 2,309,795 2,364,085
% of net sales ..................... 47.2% 45.0% 47.5% 49.2% 49.5%
Operating profit (c) ..................... 585,142 378,403 301,773 570,279 515,212
% of net sales ..................... 12.2% 8.1% 6.6% 12.1% 10.8%
Income from continuing operations before
income taxes, cumulative effect of change in
accounting principles and extraordinary
item .............................. 430,010 225,424 170,164 459,446 425,082
Provision for income taxes ............... 119,090 55,247 61,777 131,193 135,288
Income from continuing operations before
cumulative effect of change in accounting
principles and extraordinary item ......... 310,920 170,177 108,387 328,253 289,794
Loss from discontinued operations (a) ....... — (601,146) (190,760) (122,200) (467,905)
Cumulative effect of change in accounting
principles .......................... (12,001) — — — —
Extraordinary item-loss on early retirement of
debt.............................. — — — — (4,610)
Net income (loss) ...................... 298,919 (430,969) (82,373) 206,053 (182,721)
Income (Loss) Per Common Share (d):
Income (loss) per common share—Basic
Income from continuing operations ..... 0.72 0.40 0.25 0.82 0.76
Loss from discontinued operations (a) . . . .
— (1.41) (0.46) (0.31) (1.27)
Cumulative effect of change in accounting
principles ...................... (0.03) — — — —
Extraordinary item ................. — — — — (0.01)
Net income (loss) .................. 0.69 (1.01) (0.21) 0.51 (0.52)
Income (loss) per common share—Diluted
Income from continuing operations ..... 0.71 0.40 0.25 0.76 0.74
Loss from discontinued operations (a) . . . .
— (1.41) (0.45) (0.29) (1.24)
Cumulative effect of change in accounting
principles ...................... (0.03) — — — —
Extraordinary item ................. — — — — (0.01)
Net income (loss) .................. 0.68 (1.01) (0.20) 0.47 (0.51)
Dividends Declared Per Common Share (d)
. . 0.05 0.27 0.35 0.31 0.27
As of Year End (a)(b)
2001 2000 1999 1998 1997
(In thousands)
Financial Position:
Total assets .......................... $4,540,561 $4,313,397 $4,673,964 $4,612,770 $3,915,059
Long-term liabilities .................... 1,205,122 1,407,892 1,145,856 1,124,756 808,297
Stockholders’ equity .................... 1,738,458 1,403,098 1,962,687 2,170,803 1,933,338
(a)
Financial data for 1997 through 1999 reflect the retroactive effect of the merger, accounted for as a
pooling of interests, with The Learning Company, Inc. (‘‘Learning Company’’) in May 1999. As more
fully described in Note 13 to the Consolidated Financial Statements, the Consumer Software segment, which
was comprised primarily of Learning Company, was reported as a discontinued operation effective
13