Short answer
Mattel Inc (MAT) filed its fiscal 2016 10-K annual report with the SEC on Feb 23, 2017. It reported revenue of $5.5B and net income of $318M.
- Top risk flagged: Product regulation: COPPA and EU Data Protection Directive exposure from digital and smart technology products
FY2016 key financial metrics · XBRL
- Revenue
- $5.5B
- Net income
- $318M
- Operating margin
- 9.5%
- Gross margin
- 46.8%
- EPS (diluted)
- $0.92
- ROE
- 13.2%
- Operating cash flow
- $595M
Source: XBRL data from the Mattel Inc (MAT) FY2016 10-K on SEC EDGAR. USD.
Mattel Inc FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global toy creator, manufacturer, and marketer spanning owned brands, licensed entertainment properties, and direct-to-consumer American Girl sales
- 2017 product emphasis: DC Super Hero Girls, digital Hot Wheels experiences, Think & Learn preschool products, and American Girl’s first boy doll
- Strategic reset: “back on track” for growth and profitability, centered on brand franchises, commercial excellence, cost improvement, and emerging markets
- International revenue 40% of worldwide gross sales, with 2016 regional sales of Europe $1,293.3 million, Latin America $636.5 million, and Asia Pacific $517.8 million
- Disney Princess license expired after 2015, removing products that generated $455.6 million in 2015 gross sales каль
Management Discussion & Analysis
- Net sales $5.46B, down 4% YoY from $5.70B, with 2 percentage points of currency impact
- Gross margin 46.8% vs 49.2%; operating margin 9.5% vs 9.5%; net income $318.0M vs $369.4M
- Best segment: American Girl income $106.4M, up 52%; worst: International income $291.2M, down 9%
- Operating cash flow $594.5M; dividends $518.5M; no share repurchases; 2016 Senior Notes issuance $350.0M
- 2017 outlook: licensed entertainment slate and core brands supporting growth; risks include industry slowdown, foreign exchange, customer liquidity and consumer demand
Risk Factors
- Product regulation: COPPA and EU Data Protection Directive exposure from digital and smart technology products
- China trade-status change: higher US import duties on toys manufactured in China
- Manufacturing concentration: facilities and third-party manufacturers primarily across Asia, including China
- Technology disruption: competition from video games, tablets, mobile devices, and digital media
- Customer concentration: Wal-Mart, Toys “R” Us, and Target represented approximately 39% of 2016 net sales
Generated from the filing text; verify against the original. How to read a 10-K
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