Mattel 2009 Annual Report Download - page 111

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Note 17—Quarterly Financial Information (Unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(In thousands, except per share amounts)
Year Ended December 31, 2009:
Net sales ......................................... $785,646 $ 898,197 $1,791,875 $1,955,128
Gross profit ....................................... 345,872 406,060 918,615 1,044,150
Advertising and promotion expenses ................... 84,064 89,820 197,106 238,763
Other selling and administrative expenses ............... 317,017 283,727 385,055 387,977
Operating (loss) income ............................. (55,209) 32,513 336,454 417,410
(Loss) income before income taxes .................... (65,450) 23,817 304,633 397,047
Net (loss) income (a) ............................... (50,986) 21,469 229,842 328,379
Net (loss) income per common share—basic ............. $ (0.14) $ 0.06 $ 0.63 $ 0.90
Weighted average number of common shares ............ 358,891 358,824 360,843 361,840
Net (loss) income per common share—diluted ........... $ (0.14) $ 0.06 $ 0.63 $ 0.90
Weighted average number of common and potential
common shares .................................. 358,891 360,881 361,925 364,565
Dividends declared per common share ................. $ — $ — $ — $ 0.75
Common stock market price:
High ........................................ $ 16.65 $ 16.52 $ 19.11 $ 20.67
Low......................................... 10.45 11.92 15.19 17.95
Year Ended December 31, 2008:
Net sales ......................................... $919,299 $1,112,431 $1,946,315 $1,939,957
Gross profit ....................................... 396,836 495,334 900,070 892,166
Advertising and promotion expenses ................... 102,961 116,805 223,826 275,567
Other selling and administrative expenses ............... 330,410 347,921 360,895 384,229
Operating (loss) income ............................. (36,535) 30,608 315,349 232,370
(Loss) income before income taxes .................... (59,802) 14,933 307,108 225,725
Net (loss) income (a) ............................... (46,646) 11,783 238,098 176,401
Net (loss) income per common share—basic ............. $ (0.13) $ 0.03 $ 0.65 $ 0.49
Weighted average number of common shares ............ 361,751 361,262 360,881 358,779
Net (loss) income per common share—diluted ........... $ (0.13) $ 0.03 $ 0.65 $ 0.49
Weighted average number of common and potential
common shares .................................. 361,751 363,919 361,742 359,490
Dividends declared per common share ................. $ — $ — $ — $ 0.75
Common stock market price:
High ........................................ $ 21.89 $ 21.80 $ 21.79 $ 18.14
Low......................................... 16.65 17.12 16.98 11.42
(a) Net income for the fourth quarter of 2009 included income tax benefits of $28.5 million related to the
reassessments of prior years’ tax exposures based on the status of current audits in various jurisdictions
around the world and settlements.
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