Mattel 2005 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2005 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.

Page out of 119

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119

Geographic Information
The tables below present information by geographic area. Revenues are attributed to countries based on
location of customer. Long-lived assets principally include goodwill, property, plant and equipment, net and
identifiable intangibles, net.
For the Year
2005 2004 2003
(In thousands)
Revenues
United States ........................................... $3,159,569 $3,209,862 $3,203,814
International:
Europe ............................................ 1,408,653 1,410,525 1,356,131
Latin America ...................................... 644,902 524,481 462,167
Asia Pacific ........................................ 218,240 203,575 171,580
Other .............................................. 192,189 197,655 185,831
Total International ....................................... 2,463,984 2,336,236 2,175,709
Gross sales ............................................. 5,623,553 5,546,098 5,379,523
Sales adjustments ........................................ (444,537) (443,312) (419,423)
Net sales ............................................... $5,179,016 $5,102,786 $4,960,100
December 31,
2005 2004
(In thousands)
Long-Lived Assets
United States .......................................................... $ 934,476 $ 933,393
International .......................................................... 529,423 613,575
Consolidated total ...................................................... $1,463,899 $1,546,968
Major Customers
Sales to Mattel’s three largest customers accounted for 45%, 46% and 47% of worldwide consolidated net
sales for 2005, 2004 and 2003, respectively, as follows (in billions):
For the Year
2005 2004 2003
Wal-Mart ............................................................ $ 1.0 $ 1.0 $ 1.0
Toys “R” Us .......................................................... 0.8 0.8 0.8
Target ............................................................... 0.5 0.5 0.4
The Mattel Girls & Boys Brands US and Fisher-Price Brands US segments sell products to each of Mattel’s
three largest customers. The International segment sells products to Wal-Mart and Toys “R” Us. The American
Girl Brands segment sells its children’s publications to Wal-Mart and Target.
Close Out Sales Information
As discussed in Note 1 to the consolidated financial statements, effective October 1, 2003, Mattel changed
the way certain close out sales are classified in its consolidated statement of operations. Close out sales are sales
of certain products that are no longer included in current product lines. These sales were previously classified as
a reduction of cost of sales. Commencing October 1, 2003, close out sales are reported as net sales in Mattel’s
consolidated statements of operations. This change in classification had no impact on gross profit, operating
income, net income, net income per common share, or any element of the consolidated balance sheets or
consolidated statements of cash flows for any date or period presented.
87