Mattel 2015 Annual Report Download - page 77

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73
Mattel’s long-term debt consists of the following:
December 31,
2015 2014
(In thousands)
2010 Senior Notes due October 2020 and October 2040 $ 500,000 $ 500,000
2011 Senior Notes due November 2016 and November 2041 600,000 600,000
2013 Senior Notes due March 2018 and March 2023 500,000 500,000
2014 Senior Notes due May 2019 500,000 500,000
2,100,000 2,100,000
Less: current portion (300,000)—
Total long-term debt $ 1,800,000 $ 2,100,000
The aggregate amount of long-term debt maturing in the next five years and thereafter is as follows:
2010
Senior
Notes
2011
Senior
Notes
2013
Senior
Notes
2014
Senior
Notes Total
(In thousands)
2016 $ — $ 300,000 $ — $ — $ 300,000
2017 —————
2018 — — 250,000 — 250,000
2019 — — — 500,000 500,000
2020 250,000———250,000
Thereafter 250,000 300,000 250,000 — 800,000
$ 500,000 $ 600,000 $ 500,000 $ 500,000 $ 2,100,000
Note 6—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.
Common Stock Repurchase Program
During 2015, Mattel did not repurchase any shares of its common stock. During 2014, Mattel repurchased 4.9 million
shares of its common stock at a cost of $177.2 million. During 2013, Mattel repurchased 11.0 million shares of its common
stock at a cost of $469.2 million. Mattel’s share repurchase program was first announced on July 21, 2003. On July 17, 2013,
the Board of Directors authorized Mattel to increase its share repurchase program by $500.0 million. At December 31, 2015,
share repurchase authorizations of $203.0 million had not been executed. Repurchases will take place from time to time,
depending on market conditions. Mattel’s share repurchase program has no expiration date.
Dividends
During 2015, 2014, and 2013, Mattel paid total dividends per share of $1.52, $1.52, and $1.44, respectively, to holders of
its common stock. The Board of Directors declared the dividends on a quarterly basis, and Mattel paid the dividends during the
quarters in which the dividends were declared. The payment of dividends on common stock is at the discretion of the Board of
Directors and is subject to customary limitations.