Mattel Inc (MAT) Q2 2015 10-Q Quarterly Earnings

Short answer

Mattel Inc (MAT) filed its Q2 2015 10-Q quarterly report on Jul 28, 2015 for the quarter ended Jun 30, 2015.

AI summary of MD&A and risk factor updates

Net sales $988.2M, down 7% YoY, flat in constant currency
Gross margin 47.9% vs 46.4% YoY; operating margin 0.1% vs 0.1%
Wheels best performer, gross sales up 26% constant currency; Entertainment worst, down 16%
Cash $300.5M, down $671.2M from December 31; operating cash use $240.8M vs $79.2M
Funding Our Future target: $250M to $300M cumulative gross savings by end-2016; currency and inventory headwinds cited

No material-change disclosure from the 2014 10-K, with risk factors absent from the provided section
Seasonal financing risk: covenant default could impair seasonal funding under the $1.60 billion revolving credit facility
Debt maturity risk: $600 million of senior notes due November 2016
Currency risk: six-month translation loss of $89.3 million, primarily from weaker euro, Brazilian real, and Mexican peso
Legal risk: MGA Bratz litigation seeks damages of at least tens of millions, punitive damages, and injunctive relief

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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