Mattel 2011 Annual Report Download - page 90
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Please find page 90 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.-
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Long-Term Debt
Mattel’s long-term debt consists of the following:
December 31,
2011 2010
(In thousands)
Medium-term notes due July 2012 to November 2013 .......................... $ 100,000 $ 150,000
2006 Senior Notes ...................................................... — 200,000
2008 Senior Notes due March 2013 ........................................ 350,000 350,000
2010 Senior Notes due October 2020 and October 2040 ........................ 500,000 500,000
2011 Senior Notes due November 2016 and November 2041 .................... 600,000 —
1,550,000 1,200,000
Less: current portion ................................................ (50,000) (250,000)
Total long-term debt .................................................... $1,500,000 $ 950,000
Mattel’s Medium-term notes bear interest at fixed rates ranging from 6.5% to 7.25%, with a weighted
average interest rate of 6.89% and 6.99% as of December 31, 2011 and 2010, respectively.
Mattel’s 2008 Senior Notes bear interest at a fixed rate of 5.625%.
During 2011, Mattel repaid the remaining $200.0 million of its 2006 Senior Notes in connection with its
scheduled maturity. During 2011 and 2010, Mattel repaid $50.0 million of its Medium-term notes in connection
with their maturities.
The aggregate amount of long-term debt maturing in the next five years and thereafter is as follows:
Medium-
Term
Notes
2008
Senior
Notes
2010
Senior
Notes
2011
Senior
Notes Total
(In thousands)
2012 ...................................... $ 50,000 $ — $ — $ — $ 50,000
2013 ...................................... 50,000 350,000 — — 400,000
2014 ......................................———— —
2015 ......................................———— —
2016 ......................................———300,000 300,000
Thereafter ................................. — — 500,000 300,000 800,000
$100,000 $350,000 $500,000 $600,000 $1,550,000
Note 8—Stockholders’ Equity
Preference Stock
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is
currently outstanding.
Preferred Stock
Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is
currently outstanding.
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