Company profile

Ticker
MAT
Exchange
CEO
Ynon Kreiz
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
951567322

MAT stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

27 Feb 20
30 Mar 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 1.47B 1.48B 860.06M 689.25M
Net income 175K 70.6M -107.99M -176.3M
Diluted EPS 0 0.2 -0.31 -0.51
Net profit margin 0.01% 4.76% -12.56% -25.58%
Operating income 67.58M 150.09M -51.42M -127.01M
Net change in cash 411.73M 24.17M
Cash on hand 630.03M 218.3M 194.13M
Cost of revenue 760.53M 795.13M 518.68M 449.46M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 4.5B 4.51B 4.88B 5.46B
Net income -213.51M -533.3M -1.05B 312.91M
Diluted EPS -0.62 -1.55 -3.07 0.91
Net profit margin -4.74% -11.81% -21.60% 5.73%
Operating income 39.24M -234.35M -335.7M 519.98M
Net change in cash 35.55M -484.74M 209.69M -23.28M
Cash on hand 630.03M 594.48M 1.08B 869.53M
Cost of revenue 2.52B 2.72B 3.06B 2.9B

Financial data from Mattel earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
28 Feb 20 Zanatta Roberto Jacobo Isaias Common Stock Payment of exercise Dispose F 11.79 989 11.66K 35,269
28 Feb 20 Zanatta Roberto Jacobo Isaias RSU Common Stock Option exercise Dispose M 0 2,860 0 5,809
28 Feb 20 Zanatta Roberto Jacobo Isaias Common Stock Option exercise Aquire M 0 2,860 0 36,258
21 Feb 20 Richard Dickson Common Stock Discretionary Aquire I 12.94 2,111 27.32K 5,826
21 Feb 20 Richard Dickson Phantom Stock Common Stock Discretionary Aquire I 12.94 1,932 25K 24,518
4 Feb 20 Richard Dickson Common Stock Grant Aquire A 0 19,455 0 173,540
4 Feb 20 Robert Normile Common Stock Grant Aquire A 0 6,809 0 146,960
4 Feb 20 Zanatta Roberto Jacobo Isaias Common Stock Payment of exercise Dispose F 14.37 1,194 17.16K 33,398
4 Feb 20 Zanatta Roberto Jacobo Isaias Common Stock Grant Aquire A 0 2,919 0 34,592
4 Feb 20 Richard Dickson Common Stock Payment of exercise Dispose F 14.37 10,244 147.21K 163,296
13F holders
Current Prev Q Change
Total holders 309 306 +1.0%
Opened positions 49 40 +22.5%
Closed positions 46 53 -13.2%
Increased positions 76 73 +4.1%
Reduced positions 109 117 -6.8%
13F shares
Current Prev Q Change
Total value 15.28B 13.29B +14.9%
Total shares 398.22M 405.28M -1.7%
Total puts 12.3M 10.22M +20.3%
Total calls 1.53M 2.01M -24.2%
Total put/call ratio 8.1 5.1 +58.7%
Largest owners
Shares Value Change
Primecap Management 51.51M $697.95M -0.0%
EdgePoint Investment 41.26M $564M +12.6%
Dodge & Cox 38.93M $527.53M +0.2%
Capital Research Global Investors 34.75M $470.87M +0.0%
Southeastern Asset Management 32.78M $444.18M -3.4%
Vanguard 32.23M $436.66M +2.4%
BLK BlackRock 31.71M $429.74M -14.9%
BEN Franklin Resources 20.9M $283.23M -0.0%
Ariel Investments 15.31M $207.42M -0.4%
N Price T Rowe Associates 14.97M $202.81M -2.3%
Largest transactions
Shares Bought/sold Change
BLK BlackRock 31.71M -5.55M -14.9%
EdgePoint Investment 41.26M +4.61M +12.6%
FMR 9.26M +4.44M +92.2%
Jericho Capital Asset Management 0 -3.82M EXIT
Fairpointe Capital 3.24M -2.8M -46.3%
Citadel Advisors 928.31K -2.79M -75.1%
Norges Bank 2.68M +2.68M NEW
Renaissance Technologies 1.16M +1.16M NEW
Southeastern Asset Management 32.78M -1.15M -3.4%
BAC Bank of America 162.73K -1.09M -87.0%

Financial report summary

?
Risks
  • Mattel is not always able to successfully identify and/or satisfy consumer preferences, which could cause its business, financial condition, and results of operations to be adversely affected.
  • High levels of competition and low barriers to entry make it difficult to achieve, maintain, or build upon the success of Mattel’s brands, products, and product lines.
  • Inaccurately anticipating changes and trends in popular culture, media and movies, fashion, or technology can adversely affect Mattel’s sales, financial condition, and results of operations.
  • Mattel’s failure to successfully market or advertise its products could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • Mattel’s business is highly seasonal and its operating results depend, in large part, on sales during the relatively brief traditional holiday season. Events that disrupt Mattel’s business during its peak demand times can adversely and disproportionately affect Mattel’s business, financial condition, and results of operations.
  • Mattel has significant customer concentration, so that economic difficulties or changes in the purchasing policies or patterns of its key customers could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • Liquidity problems or bankruptcy of Mattel’s key customers, such as the bankruptcy filing by Toys "R" Us, could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • To the extent Mattel is unable to realize the anticipated cost savings from its previously announced cost savings programs or incurs additional and/or unexpected costs in order to realize such cost savings, Mattel's business, financial condition, and results of operations could be adversely affected.
  • Failure to successfully implement new initiatives or meet product introduction schedules can have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • Significant increases in the price of commodities, transportation, or labor, if not offset by declines in other input costs, or a reduction or interruption in the delivery of raw materials, components, and finished products from Mattel’s vendors could adversely affect Mattel’s business, financial condition, and results of operations.
  • Mattel’s substantial indebtedness could adversely affect its ability to raise additional capital to fund its operations, limit its ability to react to changes in the economy or its industry, and expose it to interest rate risk to the extent of its variable rate debt.
  • To service Mattel’s indebtedness, Mattel requires a significant amount of cash and Mattel’s ability to generate cash depends on many factors beyond Mattel’s control.
  • Mattel’s variable rate indebtedness subjects Mattel to interest rate risk, which could cause Mattel’s debt service obligations to increase significantly.
  • Mattel is dependent upon its lenders for financing to execute its business strategy and meet its liquidity needs. If Mattel’s lenders are unable to fund borrowings under their credit commitments or Mattel is unable to borrow, it could adversely affect Mattel’s business, financial condition, and results of operations.
  • Significant changes in currency exchange rates or the ability to transfer capital across borders could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • The deterioration of global economic conditions could adversely affect Mattel’s business, financial condition, and results of operations.
  • An increasing portion of Mattel's business is expected to come from new and emerging markets, and growing business in new and emerging markets presents additional challenges.
  • An increasing portion of Mattel's business may come from technologically advanced or sophisticated digital and smart technology products, which present additional challenges compared to more traditional toys and games.
  • Mattel relies extensively on information technology in its operations, and any material failure, inadequacy, interruption, or security breach of that technology could have an adverse effect on its business, financial condition, and results of operations.
  • Mattel’s business depends in large part on the success of its vendors and outsourcers and Mattel’s brands and reputation are subject to harm from actions taken by third parties that are outside Mattel’s control. In addition, any significant failure, inadequacy, or interruption from such vendors or outsourcers could harm Mattel’s ability to effectively operate its business.
  • Mattel faces risks related to protecting its proprietary intellectual property and information, and is subject to third-party claims that Mattel is infringing on their intellectual property rights, either of which could adversely affect Mattel's business, financial condition, and results of operations.
  • Unfavorable resolution of or adverse developments in legal proceedings, other investigations, or regulatory matters could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • Mattel is subject to various laws and government policies or regulations in numerous jurisdictions, violation of which could subject it to sanctions. In addition, changes in such laws or policies or regulations may lead to increased costs, changes in Mattel’s effective tax rate, or the interruption of normal business operations that could adversely affect Mattel’s business, financial condition, and results of operations.
  • From time to time, issues with products lead to product liability, personal injury or property damage claims, recalls, withdrawals, replacements of products, or regulatory or other actions by governmental authorities, which could divert resources, affect business operations, decrease sales, increase costs, and put Mattel at a competitive disadvantage, any of which could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • Mattel’s current and future operating procedures and product requirements may increase costs, adversely affect its relationship with vendors, and make it more difficult for Mattel to produce, purchase, and deliver products on a timely basis to meet market demands. Future conditions may require Mattel to adopt further changes that may increase its costs and further affect its relationship with vendors.
  • The production and sale of private-label toys by Mattel’s retail customers may result in lower purchases of Mattel-branded products by those retail customers.
  • Mattel depends on key personnel and may not be able to hire, retain, and integrate sufficient qualified personnel to maintain and expand its business.
  • Political developments, including trade relations, and the threat or occurrence of war or terrorist activities could adversely impact Mattel, its personnel and facilities, its customers and suppliers, retail and financial markets, and general economic conditions.
  • Disruptions in Mattel’s manufacturing operations or supply chain due to political instability, civil unrest, or disease could adversely affect Mattel’s business, financial position, sales, and results of operations.
  • Earthquakes or other catastrophic events out of Mattel’s control may damage its facilities or those of its contractors and adversely affect Mattel’s business, financial condition, and results of operations.
  • Mattel has at times in the past engaged, and may in the future engage in acquisitions, mergers, dispositions, or other strategic transactions, which can affect Mattel's revenues, profit, profit margins, debt-to-capital ratio, capital expenditures, or other aspects of Mattel’s business. In addition, Mattel has certain anti-takeover provisions in its bylaws that may make it more difficult for a third party to acquire Mattel without its consent, which may adversely affect Mattel’s stock price.
  • The level of returns on pension plan assets and the actuarial assumptions used for valuation purposes could affect Mattel’s earnings in future periods. Changes in standards and government regulations could also affect its pension plan expense and funding requirements.
  • If Mattel’s goodwill becomes impaired, Mattel’s results of operations could be adversely affected.
  • Mattel’s stock price has been volatile over the past several years and could decline in the future, resulting in losses for Mattel's investors.
  • Mattel’s restatement of certain of its previously issued financial statements and other related events have and may continue to impose unanticipated costs, affect investor confidence, and cause reputational harm.
  • Any material weaknesses in Mattel's internal control over financial reporting which, if not remediated appropriately or timely, could affect Mattel's ability to record, process, and report financial information accurately, impair its ability to prepare financial statements, negatively affect investor confidence, and cause reputational harm.
  • If Mattel’s independent registered public accounting firm is determined not to satisfy the SEC’s and Public Company Accounting Oversight Board’s ("PCAOB") auditor independence requirements, Mattel may not be compliant with applicable securities laws, which could result in a material adverse effect on Mattel’s business, operating results, and financial condition, negatively affect investor confidence and cause reputational harm, and may impact the Company’s ability to comply with certain covenants.
Management Discussion
  • Net sales for 2019 were $4.50 billion, as compared to $4.51 billion in 2018. Net loss for 2019 was $213.5 million, or $0.62 loss per share, as compared to a net loss of $533.3 million, or $1.55 loss per share, in 2018, primarily due to higher gross profit and lower selling and administrative expenses.  Net loss for 2019 included the impact of approximately $38 million related to the inclined sleeper product recalls, of which approximately $6 million was a reduction to net sales, approximately $22 million was included in cost of sales, and approximately $10 million was included in other selling and administrative expenses. Net loss for 2018 includes a sales reversal of approximately $30 million and bad debt expense, net of approximately $32 million as a result of the Toys "R" Us liquidation.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: absorption, accuracy, amplified, ancillary, athlete, audio, Ball, birthday, born, broadcast, Butterbean, Cafe, capable, card, CECL, centered, cheer, closure, coinciding, collaborate, Color, compliant, concert, correct, counsel, criminal, delighted, delighting, Delinquent, differentiated, discover, distinction, Dream, Earth, easy, Em, embedded, EMEA, Empowering, eventual, evergreen, extinguishment, factory, Festival, fierce, Film, formatted, fun, Funko, Gap, great, Gun, hearing, Hubei, Hugh, immaterial, immersive, impartial, implicit, inaugural, inclined, incurrence, ineffective, infrastructure, Inline, investigation, Kendrick, kick, kid, led, Magic, Maverick, meditation, member, moderation, multigenerational, NaN, negligent, objective, overnight, overstatement, passage, passion, Petition, pick, Pictionary, poised, pop, prolonged, rationalization, redundant, refinancing, rent, reply, residual, restitution, Reveal, revoked, robust, Rock, ROU, saving, SDNY, shareholder, signature, sleeper, Sock, Southern, spark, statewide, storytelling, strain, styled, subpoena, Subtopic, Supreme, surfaced, surfing, surprise, surprising, therefrom, threatening, tied, tighter, Toddler, unanticipated, understatement, unintentional, Unlimited, Vice, warranty, whistleblower, withdrew, Wuhan, Wyatt, XBRL, xxi, xxii, Yoon, YouTube
Removed: Alpharetta, Alto, amounted, Arizona, Austria, Belgium, Bermuda, Bloomington, Box, boy, bringing, Carolina, Charlotte, childhood, Chile, Clubhouse, CODM, Colombia, Colorado, contributory, covered, damaging, deducting, Denmark, depict, discrete, Dora, EPS, escalating, Explorer, Famosa, final, Florida, Fuhu, fulfill, Georgia, Giochi, Greece, harmed, harming, Houston, Hungary, Jake, Japan, Korea, learn, lessee, Lone, Lynnwood, mailed, managing, McLean, Miami, Mojang, Moose, multiplied, Nashville, Natick, nonamortizable, Ohio, Orlando, overhead, Overland, Palo, Panama, Park, Peru, Portugal, positively, Preziosi, principle, promised, pronouncement, reaching, reimburse, reinsure, repayment, resort, role, Scottsdale, slate, South, speed, SpongeBob, Sproutling, Switzerland, Taiwan, Tennessee, Tree, unsuccessful, upward, Washington, watch, Wrestling