Mattel 2004 Annual Report Download - page 63

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MATTEL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2004
December 31,
2003
(In thousands, except
share data)
ASSETS
Current Assets
Cash and cash equivalents ........................................... $1,156,835 $1,152,681
Accounts receivable, less allowances of $32.8 million and $27.5 million in
2004 and 2003, respectively ....................................... 759,033 543,888
Inventories ....................................................... 418,633 388,658
Prepaid expenses and other current assets ............................... 302,649 309,629
Total current assets ............................................ 2,637,150 2,394,856
Property, plant and equipment, net .................................... 586,526 625,893
Goodwill ........................................................ 735,680 722,249
Other noncurrent assets ............................................. 797,136 767,952
Total Assets .......................................................... $4,756,492 $4,510,950
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings .............................................. $ 28,995 $ 19,590
Current portion of long-term debt ..................................... 189,130 52,274
Accounts payable .................................................. 349,159 289,680
Accrued liabilities ................................................. 880,038 852,978
Income taxes payable ............................................... 279,849 253,224
Total current liabilities .......................................... 1,727,171 1,467,746
Long-Term Liabilities
Long-term debt .................................................... 400,000 589,130
Other ........................................................... 243,509 237,853
Total long-term liabilities ....................................... 643,509 826,983
Commitments and Contingencies (See Note 9)
Stockholders’ Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million
shares and 441.2 million shares issued in 2004 and 2003, respectively ...... 441,369 441,212
Additional paid-in capital ........................................... 1,594,332 1,599,278
Treasury stock at cost; 26.0 million shares and 12.7 million shares in
2004 and 2003, respectively ....................................... (473,349) (244,691)
Retained earnings .................................................. 1,093,288 707,429
Accumulated other comprehensive loss ................................ (269,828) (287,007)
Total stockholders’ equity ....................................... 2,385,812 2,216,221
Total Liabilities and Stockholders’ Equity ................................ $4,756,492 $4,510,950
The accompanying notes are an integral part of these statements.
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