Mattel 2005 Annual Report Download - page 83

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The aggregate amount of long-term debt maturing in the next five years is as follows (in thousands):
Medium-
Term
Notes
Term
Loan Total
2006 .......................................................... $ 50,000 $ 50,000 $100,000
2007 .......................................................... 50,000 50,000 100,000
2008 .......................................................... 50,000 125,000 175,000
2009 .......................................................... 50,000 — 50,000
2010 .......................................................... 50,000 — 50,000
Thereafter ...................................................... 150,000 — 150,000
$400,000 $225,000 $625,000
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.
Common Stock Repurchase Program
In July 2003, Mattel’s Board of Directors approved a share repurchase program of up to $250.0 million.
During 2003, Mattel repurchased 12.7 million shares at a cost of $244.4 million pursuant to this program. In
November 2003, the Board of Directors approved an increase to the share repurchase program of an additional
$250.0 million. During 2004, Mattel repurchased 14.7 million shares at a cost of $255.1 million. In 2005, the
Board of Directors approved an additional $500.0 million of share repurchases. During 2005, Mattel repurchased
28.9 million shares at a cost of $500.4 million. There were no remaining authorized funds for share repurchases
as of December 31, 2005. In January 2006, the Board of Directors authorized Mattel to increase its share
repurchase program by an additional $250.0 million. Repurchases under the share repurchase program will take
place from time to time, depending on market conditions. Mattel’s share repurchase program has no expiration
date.
Dividends
In 2005, 2004 and 2003, Mattel paid a dividend per share of $0.50, $0.45 and $0.40, respectively, to holders
of its common stock. The Board of Directors declared the dividend in November, and Mattel paid the dividend in
December of each year. The payment of dividends on common stock is at the discretion of Mattel’s Board of
Directors and is subject to customary limitations.
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