Mattel 2006 Annual Report Download - page 33

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Item 6. Selected Financial Data.
For the Year Ended December 31,
2006 2005 2004 2003 2002
(In thousands, except per share and percentage information)
Operating Results:
Net sales (a) .......................... $5,650,156 $5,179,016 $5,102,786 $4,960,100 $4,885,340
Gross profit .......................... 2,611,793 2,372,868 2,410,725 2,429,483 2,360,987
% of net sales ....................... 46.2% 45.8% 47.2% 49.0% 48.3%
Operating income ..................... 728,818 664,529 730,817 785,710 733,541
% of net sales ....................... 12.9% 12.8% 14.3% 15.8% 15.0%
Income before income taxes ............. 683,756 652,049 696,254 740,854 621,497
Provision for income taxes (b) ........... 90,829 235,030 123,531 203,222 166,455
Income from continuing operations ....... 592,927 417,019 572,723 537,632 455,042
Gain from discontinued operations, net of
tax(c).............................————27,253
Cumulative effect of change in accounting
principle, net of tax (d) ...............————(252,194)
Net income .......................... $ 592,927 $ 417,019 $ 572,723 $ 537,632 $ 230,101
Net Income Per Common Share—Basic:
Income from continuing operations ....... $ 1.55 $ 1.02 $ 1.37 $ 1.23 $ 1.04
Gain from discontinued operations (c) .....————0.06
Cumulative effect of change in accounting
principle (d) ........................————(0.58)
Net income per common share—basic ..... 1.55 1.02 1.37 1.23 0.52
Net Income Per Common Share—
Diluted:
Income from continuing operations ....... 1.53 1.01 1.35 1.22 1.03
Gain from discontinued operations (c) .....————0.06
Cumulative effect of change in accounting
principle (d) ........................————(0.57)
Net income per common share—diluted .... 1.53 1.01 1.35 1.22 0.52
Dividends Declared Per Common
Share ............................. $ 0.65 $ 0.50 $ 0.45 $ 0.40 $ 0.05
December 31,
2006 2005 2004 2003 2002
(In thousands)
Financial Position:
Total assets .......................... $4,955,884 $4,372,313 $4,756,492 $4,510,950 $4,459,659
Noncurrent liabilities ................... 940,390 807,395 643,509 826,983 832,194
Stockholders’ equity ................... 2,432,974 2,101,733 2,385,812 2,216,221 1,978,712
(a) Effective October 1, 2003, close out sales previously classified as a reduction of cost of sales are now
classified as net sales in Mattel’s consolidated statements of operations. Close out sales for the fourth
quarter of 2003, totaling $19.2 million, were included in reported net sales. This change in classification
had no impact on gross profit, operating income, net income, net income per common share, balance sheets
or cash flows.
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