Mattel 2011 Annual Report Download - page 37
Download and view the complete annual report
Please find page 37 of the 2011 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.-
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
 |
 |
Item 6. Selected Financial Data.
For the Year Ended December 31,
2011 2010 2009 2008 2007
(In thousands, except per share and percentage information)
Operating Results:
Net sales .............................. $6,266,037 $5,856,195 $5,430,846 $5,918,002 $5,970,090
Gross profit ............................ 3,145,826 2,954,973 2,714,697 2,684,406 2,777,300
% of net sales ........................ 50.2% 50.5% 50.0% 45.4% 46.5%
Operating income ....................... 1,041,101 901,902 731,168 541,792 730,078
% of net sales ........................ 16.6% 15.4% 13.5% 9.2% 12.2%
Income before income taxes ............... 970,673 846,825 660,047 487,964 703,398
Provision for income taxes (a) ............. 202,165 161,962 131,343 108,328 103,405
Net income ............................ $ 768,508 $ 684,863 $ 528,704 $ 379,636 $ 599,993
Net income per common share—basic ..... $ 2.20 $ 1.88 $ 1.45 $ 1.04 $ 1.55
Net income per common share—diluted . . . $ 2.18 $ 1.86 $ 1.45 $ 1.04 $ 1.53
Dividends declared per common share ..... $ 0.92 $ 0.83 $ 0.75 $ 0.75 $ 0.75
December 31,
2011 2010 2009 2008 2007
(In thousands)
Financial Position:
Total assets ............................ $5,671,638 $5,417,733 $4,780,555 $4,675,039 $4,805,455
Noncurrent liabilities .................... 2,022,107 1,438,867 1,188,692 1,297,930 928,284
Stockholders’ equity ..................... 2,610,603 2,628,584 2,530,989 2,117,135 2,306,742
(a) The provision for income taxes in 2011 was positively impacted by net tax benefits of $6.8 million, primarily
related to reassessments of prior years’ tax liabilities based on the status of current audits and tax filings in
various jurisdictions around the world, settlements, and enacted tax law changes. The provision for income
taxes in 2010 was positively impacted by net tax benefits of $16.8 million, primarily related to the release of
a valuation allowance related to the anticipated utilization of excess foreign tax credit carryforwards,
reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various
jurisdictions around the world, settlements, and enacted tax law changes, partially offset by the incremental
tax cost to repatriate earnings from certain foreign subsidiaries for which income taxes had not been
previously provided. The provision for income taxes in 2009 was positively impacted by net tax benefits of
$28.8 million related to reassessments of prior years’ tax liabilities based on the status of audits in various
jurisdictions around the world, settlements, and enacted tax law changes. The provision for income taxes in
2007 was positively impacted by net tax benefits of $42.0 million related to reassessments of prior years’ tax
liabilities based on the status of audits in various jurisdictions around the world, including settlements,
partially offset by enacted tax law changes.
25