Mattel 2012 Annual Report Download - page 108
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Note 13—Supplemental Financial Information
December 31,
2012 2011
(In thousands)
Inventories include the following:
Raw materials and work in process ................................... $ 79,216 $ 88,489
Finished goods ................................................... 385,841 398,511
$ 465,057 $ 487,000
Property, plant, and equipment, net include the following:
Land ........................................................... $ 26,692 $ 26,616
Buildings ........................................................ 268,381 262,537
Machinery and equipment .......................................... 931,732 851,833
Tools, dies, and molds ............................................. 674,119 633,818
Capital leases .................................................... 23,271 23,271
Leasehold improvements ........................................... 208,900 187,545
2,133,095 1,985,620
Less: accumulated depreciation .................................. (1,539,882) (1,461,679)
$ 593,213 $ 523,941
Other noncurrent assets include the following:
Nonamortizable identifiable intangibles ................................ $ 617,223 $ 122,223
Deferred income taxes ............................................. 374,667 473,832
Identifiable intangibles (net of amortization of $64.9 million and $55.5 million
at December 31, 2012 and 2011, respectively) ........................ 88,786 84,486
Other ........................................................... 215,293 201,310
$ 1,295,969 $ 881,851
Accrued liabilities include the following:
Litigation accrual ................................................. $ 137,800 $ —
Incentive compensation ............................................ 110,039 77,915
Royalties ........................................................ 97,051 85,637
Advertising and promotion .......................................... 87,878 75,508
Taxes other than income taxes ....................................... 80,673 59,861
Other ........................................................... 374,307 319,880
$ 887,748 $ 618,801
Other noncurrent liabilities include the following:
Benefit plan liabilities .............................................. $ 284,614 $ 278,354
Noncurrent tax liabilities ........................................... 213,658 103,938
Other ........................................................... 145,457 139,815
$ 643,729 $ 522,107
For the Year
2012 2011 2010
(In thousands)
Currency transaction gains/(losses) included in:
Operating income ............................................ $ 61,956 $ 34,299 $ 39,376
Other non-operating income (expense), net ........................ 1,563 (1,848) (2,972)
Net transaction gains ..................................... $ 63,519 $ 32,451 $ 36,404
Other selling and administrative expenses include the following:
Design and development ...................................... $195,070 $178,982 $173,927
Identifiable intangible asset amortization ......................... 11,880 8,880 10,362
Bad debt expense ............................................ 2,645 6,160 4,464
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