Mattel 2006 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2006 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 133

  • 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
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

MATTEL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Year
2006 2005 2004
(In thousands)
Cash Flows From Operating Activities:
Net income .......................................................... $ 592,927 $ 417,019 $ 572,723
Adjustments to reconcile net income to net cash flows from operating activities:
Gain on sale of investments ......................................... — (32,831) (22,135)
Net (gain) on sale of other property, plant and equipment .................. (10,984) (107) (2,717)
Depreciation ..................................................... 166,328 170,772 176,729
Amortization ..................................................... 5,936 4,219 5,749
Deferred income taxes ............................................. (10,129) 106,350 (18,560)
Share-based compensation .......................................... 27,546 197 235
Increase (decrease) from changes in assets and liabilities:
Accounts receivable, net ........................................... (103,882) (12,680) (170,203)
Inventories ...................................................... 38,071 32,872 (18,578)
Prepaid expenses and other current assets .............................. (9,954) 1,524 (17,452)
Accounts payable, accrued liabilities and income taxes payable ............. 180,361 (223,335) 58,364
Other, net ....................................................... (274) 2,677 6,217
Net cash flows from operating activities ................................... 875,946 466,677 570,372
Cash Flows From Investing Activities:
Purchases of tools, dies and molds ........................................ (69,335) (74,690) (89,858)
Purchases of other property, plant and equipment ............................ (64,106) (62,441) (53,732)
Proceeds from sale of investments ........................................ — 48,361 32,900
Payments for businesses acquired ........................................ (197,710) (1,495) (12,955)
Proceeds from sale of other property, plant and equipment ..................... 16,367 8,074 15,588
Net cash flows used for investing activities ................................. (314,784) (82,191) (108,057)
Cash Flows From Financing Activities:
Proceeds from short-term borrowings ..................................... 213,301 208,085 125,295
Payments of short-term borrowings ....................................... (332,285) (119,395) (119,025)
Proceeds from long-term debt ........................................... 298,356 225,000 —
Payments of long-term debt ............................................. (225,000) (189,130) (52,308)
Purchase of treasury stock .............................................. (205,947) (487,127) (255,130)
Payment of dividends on common stock ................................... (249,542) (200,464) (186,864)
Proceeds from exercise of stock options ................................... 116,901 28,426 21,683
Other, net ........................................................... 10,096 (2,712) —
Net cash flows used for financing activities ................................. (374,120) (537,317) (466,349)
Effect of Currency Exchange Rate Changes on Cash ....................... 20,776 (6,270) 8,188
Increase (Decrease) in Cash and Equivalents ............................. 207,818 (159,101) 4,154
Cash and Equivalents at Beginning of Year .............................. 997,734 1,156,835 1,152,681
Cash and Equivalents at End of Year ................................... $1,205,552 $ 997,734 $1,156,835
Supplemental Cash Flow Information:
Cash paid during the year for:
Income taxes, gross ............................................... $ 218,518 $ 220,317 $ 105,321
Interest ......................................................... 79,508 80,501 77,111
Non-cash investing and financing activities:
Liability for businesses acquired ..................................... $ — $ — $ 1,024
Liability for equipment acquired ..................................... 4,537 7,341 6,899
Asset write-downs ................................................ 950 878 5,095
The accompanying notes are an integral part of these statements.
61