Mattel 2004 Annual Report Download - page 84
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Please find page 84 of the 2004 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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Long-Term Debt
Mattel’s long-term debt consists of the following (in thousands):
As of Year End
2004 2003
6
1
⁄
8
% senior notes due July 2005 ............................................ $150,000 $150,000
Medium-term notes due 2006 to 2013 ......................................... 400,000 450,000
10.15% mortgage note due Dec. 2005 ......................................... 39,130 40,069
Other .................................................................. — 1,335
589,130 641,404
Less: current portion .................................................. (189,130) (52,274)
Total long-term debt ...................................................... $400,000 $589,130
Mattel’s medium-term notes bear interest at fixed rates ranging from 6.50% to 7.49%, with a weighted
average interest rate of 7.08% and 7.13% as of year end 2004 and 2003, respectively. During 2004 and 2003,
Mattel repaid $50.0 million and $30.0 million, respectively, of medium-term notes upon maturity.
The aggregate amount of long-term debt maturing in the next five years is as follows (in thousands):
Senior
Notes
Medium-
Term
Notes
Mortgage
Note Total
2005 .................................................. $150,000 $ — $39,130 $189,130
2006 .................................................. — 50,000 — 50,000
2007 .................................................. — 50,000 — 50,000
2008 .................................................. — 50,000 — 50,000
2009 .................................................. — 50,000 — 50,000
Thereafter ............................................. — 200,000 — 200,000
$150,000 $400,000 $39,130 $589,130
Note 6—Stockholders’ Equity
Preference Stock
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is
currently outstanding.
Preferred Stock
Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is
currently outstanding.
Special Voting Preferred Stock and Related Exchangeable Shares
Mattel is authorized to issue one share of $1.00 par value Special Voting Preferred Stock, of which none is
currently outstanding. The Special Voting Preferred Stock, which was issued in exchange for one share of
Learning Company special voting stock in connection with the May 1999 merger, was redeemed at its liquidation
preference of $10.00 on January 7, 2003, the automatic redemption date for the exchangeable shares of Softkey
Software Products Inc., Mattel’s indirect wholly-owned Canadian subsidiary.
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