Mattel 2013 Annual Report Download - page 66

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MATTEL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Year
2013 2012 2011
(In thousands, except per share amounts)
Net Sales .................................................. $6,484,892 $6,420,881 $6,266,037
Cost of sales ............................................... 3,006,009 3,011,684 3,120,211
Gross Profit ............................................... 3,478,883 3,409,197 3,145,826
Advertising and promotion expenses ............................ 750,205 717,803 699,247
Other selling and administrative expenses ........................ 1,560,575 1,670,379 1,405,478
Operating Income .......................................... 1,168,103 1,021,015 1,041,101
Interest expense ............................................. 78,505 88,835 75,332
Interest (income) ............................................ (5,555) (6,841) (8,093)
Other non-operating (income) expense, net ....................... (3,975) (6,024) 3,189
Income Before Income Taxes ................................. 1,099,128 945,045 970,673
Provision for income taxes .................................... 195,184 168,581 202,165
Net Income ................................................ $ 903,944 $ 776,464 $ 768,508
Net Income Per Common Share—Basic ........................ $ 2.61 $ 2.25 $ 2.20
Weighted average number of common shares ..................... 343,394 341,665 344,669
Net Income Per Common Share—Diluted ...................... $ 2.58 $ 2.22 $ 2.18
Weighted average number of common and potential common shares . . . 347,459 346,158 348,424
Dividends Declared Per Common Share ........................ $ 1.44 $ 1.24 $ 0.92
The accompanying notes are an integral part of these statements.
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