Mattel 2011 Annual Report Download - page 109
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Note 15—Supplemental Financial Information
December 31,
2011 2010
(In thousands)
Inventories include the following:
Raw materials and work in process ................................... $ 88,489 $ 68,095
Finished goods ................................................... 398,511 395,743
$ 487,000 $ 463,838
Property, plant, and equipment, net include the following:
Land ........................................................... $ 26,616 $ 26,796
Buildings ........................................................ 262,537 249,542
Machinery and equipment .......................................... 851,833 809,723
Tools, dies, and molds ............................................. 633,818 589,156
Capital leases .................................................... 23,271 23,271
Leasehold improvements ........................................... 187,545 177,141
1,985,620 1,875,629
Less: accumulated depreciation .................................. (1,461,679) (1,390,924)
$ 523,941 $ 484,705
Other noncurrent assets include the following:
Deferred income taxes ............................................. $ 473,832 $ 477,320
Nonamortizable identifiable intangibles ................................ 122,223 122,223
Identifiable intangibles (net of amortization of $55.5 million and $64.2 million
at December 31, 2011 and 2010, respectively) ........................ 84,486 91,359
Other ........................................................... 201,310 191,509
$ 881,851 $ 882,411
Accrued liabilities include the following:
Royalties ........................................................ $ 85,637 $ 95,785
Incentive compensation ............................................ 77,915 107,541
Advertising and promotion .......................................... 75,508 59,586
Taxes other than income taxes ....................................... 59,861 68,686
Other ........................................................... 319,880 310,613
$ 618,801 $ 642,211
Other noncurrent liabilities include the following:
Benefit plan liabilities .............................................. $ 278,354 $ 257,195
Noncurrent tax liabilities ........................................... 103,938 113,526
Other ........................................................... 139,815 118,146
$ 522,107 $ 488,867
For the Year
2011 2010 2009
(In thousands)
Currency transaction gains/(losses) included in:
Operating income ............................................ $ 34,299 $ 39,376 $ 78,732
Other non-operating expense, net ................................ (1,848) (2,972) (4,828)
Net transaction gains ..................................... $ 32,451 $ 36,404 $ 73,904
Other selling and administrative expenses include the following:
Design and development ...................................... $178,982 $173,927 $171,279
Identifiable intangible asset amortization ......................... 8,880 10,362 13,027
Bad debt expense ............................................ 6,160 4,464 21,483
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