Mattel 2013 Annual Report Download - page 41

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The following table provides a summary of Mattel’s consolidated results for 2012 and 2011 (in millions,
except percentage and basis point information):
For the Year Year/Year
Change2012 2011
Amount
% of Net
Sales Amount
% of Net
Sales %
Basis Points
of Net Sales
Net sales .............................. $6,420.9 100.0% $6,266.0 100.0% 2%
Gross profit ............................ $3,409.2 53.1% $3,145.8 50.2% 8% 290
Advertising and promotion expenses ........ 717.8 11.2 699.2 11.2 3% —
Other selling and administrative expenses .... 1,670.4 26.0 1,405.5 22.4 19% 360
Operating income ....................... 1,021.0 15.9 1,041.1 16.6 –2% (70)
Interest expense ........................ 88.8 1.4 75.3 1.2 18% 20
Interest (income) ........................ (6.8) –0.1 (8.1) –0.1 –15% —
Other non-operating (income) expense, net . . . (6.0) 3.2
Income before income taxes ............... $ 945.0 14.7% $ 970.7 15.5% –3% (80)
Sales
Net sales for 2012 were $6.42 billion, a 2% increase, as compared to $6.27 billion in 2011, with an
unfavorable impact from changes in currency exchange rates of 2 percentage points.
The following table provides a summary of Mattel’s consolidated gross sales by brand for 2012 and 2011:
For the Year
2012 2011 % Change
(In millions, except percentage
information)
Mattel Girls & Boys Brands:
Barbie .......................................................... $1,275.3 $1,316.7 –3%
Other Girls ...................................................... 1,059.9 677.0 57%
Wheels ......................................................... 813.4 812.1 —
Entertainment .................................................... 1,038.0 1,314.8 –21%
4,186.6 4,120.6 2%
Fisher-Price Brands:
Core Fisher-Price ................................................. 1,505.8 1,586.2 –5%
Fisher-Price Friends ............................................... 571.7 407.2 40%
Other Fisher-Price ................................................. 174.8 165.8 5%
2,252.3 2,159.2 4%
American Girl Brands ............................................ 567.5 510.9 11%
Other .......................................................... 46.2 50.4
Total Gross Sales ............................................. $7,052.6 $6,841.1 3%
Gross sales were $7.05 billion in 2012, up $211.5 million or 3%, as compared to $6.84 billion in 2011, with
an unfavorable impact from changes in currency exchange rates of 3 percentage points. The increase in gross
sales was due to higher sales of Other Girls and Fisher-Price Friends products, partially offset by lower sales of
Entertainment products. Of the 57% increase in Other Girls gross sales, 53% was due to higher sales of Monster
High products. Of the 40% increase in Fisher-Price Friends gross sales, 29% was due to the benefit of licensing
33