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MAT Mattel

Mattel is a leading global toy company and owner of one of the strongest catalogs of children's and family entertainment franchises in the world. Mattel creates innovative products and experiences that inspire, entertain and develop children through play. Mattel engages consumers through our portfolio of iconic brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends®, UNO® and MEGA®, as well as other popular intellectual properties that Mattel owns or licenses in partnership with global entertainment companies. Its offerings include film and television content, gaming, music and live events. Mattel operates in 35 locations and our products are available in more than 150 countries in collaboration with the world's leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential.

Company profile

Ticker
MAT
Exchange
Website
CEO
Ynon Kreiz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
American Girl, LLC • American Girl Brands, LLC • American Girl Retail, Inc. • Fisher-Price, Inc. • HiT Entertainment, LLC • Mattel Asia Pacific Sourcing Limited • Mattel Direct Import, Inc. • Mattel Europa B.V. • Mattel Europe Holdings B.V. • Mattel Europe Marketing B.V. ...
IRS number
951567322

MAT stock data

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Calendar

4 Nov 21
2 Dec 21
31 Dec 21
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Mattel earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 148.51M 148.51M 148.51M 148.51M 148.51M 148.51M
Cash burn (monthly) 78.75M 25.3M (positive/no burn) (positive/no burn) 4.84M (positive/no burn)
Cash used (since last report) 164.52M 52.87M n/a n/a 10.1M n/a
Cash remaining -16.01M 95.64M n/a n/a 138.41M n/a
Runway (months of cash) -0.2 3.8 n/a n/a 28.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Sep 21 Olian Judy D. Common Stock Option exercise Acquire M No No 0 6,518 0 6,518
13 Sep 21 Olian Judy D. RSU Common Stock Option exercise Dispose M No No 0 6,518 0 0
13 Aug 21 Roger Lynch Common Stock Option exercise Acquire M No No 0 7,347 0 15,347
13 Aug 21 Roger Lynch RSU Common Stock Option exercise Dispose M No No 0 7,347 0 0
13 Aug 21 Adriana Cisneros Common Stock Option exercise Acquire M No No 0 7,347 0 7,347
13 Aug 21 Adriana Cisneros RSU Common Stock Option exercise Dispose M No No 0 7,347 0 0
2 Aug 21 Disilvestro Anthony Employee Stock Option - Right to Buy Common Stock Grant Acquire A No No 21.91 55,851 1.22M 189,100
2 Aug 21 Disilvestro Anthony RSU Common Stock Grant Acquire A No No 0 23,962 0 60,338
2 Aug 21 Jonathan Anschell Employee Stock Option - Right to Buy Common Stock Grant Acquire A No No 21.91 17,287 378.76K 61,347
2 Aug 21 Jonathan Anschell RSU Common Stock Grant Acquire A No No 0 22,250 0 40,876

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 330 317 +4.1%
Opened positions 40 39 +2.6%
Closed positions 27 40 -32.5%
Increased positions 89 94 -5.3%
Reduced positions 108 91 +18.7%
13F shares
Current Prev Q Change
Total value 7.92B 7.1B +11.5%
Total shares 371.34M 365.26M +1.7%
Total puts 2.59M 2.54M +2.1%
Total calls 1.65M 1.11M +48.4%
Total put/call ratio 1.6 2.3 -31.2%
Largest owners
Shares Value Change
EdgePoint Investment 47.73M $885.93M +1.6%
Primecap Management 46.27M $858.8M -0.6%
Vanguard 31.77M $589.57M -0.3%
BLK Blackrock 29.51M $547.73M -0.6%
Growth Fund Of America 24.16M $241.38M 0.0%
Southeastern Asset Management 18.35M $340.57M -3.4%
Capital Research Global Investors 18.09M $335.84M 0.0%
Ariel Investments 16.63M $308.72M +6.5%
Frontier Capital Management 16.09M $298.6M -9.3%
TROW T. Rowe Price 11.25M $208.82M -2.0%
Largest transactions
Shares Bought/sold Change
FMR 2.33M -7.31M -75.8%
Capital International Investors 10.96M +3.89M +55.0%
Balyasny Asset Management 3.57M +3.57M NEW
Brahman Capital 2.73M +2.73M NEW
Frontier Capital Management 16.09M -1.64M -9.3%
BAC Bank Of America 2.13M +1.52M +246.5%
GS Goldman Sachs 3.52M +1.44M +69.7%
Citadel Advisors 4.34M +1.17M +36.7%
PFG Principal Financial Group Inc - Registered Shares 1.21M -1.13M -48.1%
Ariel Investments 16.63M +1.01M +6.5%

Financial report summary

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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 could have an adverse effect on Mattel’s business, financial condition, and results of operations.
  • 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.
  • 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.
  • 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.
  • The COVID-19 pandemic and actions taken by governments, businesses, and individuals in response to it could adversely affect Mattel’s business, financial position, sales, 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.
  • 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 may come from new and emerging markets, and growing business in new and emerging markets presents additional challenges.
  • 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.
  • 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.
  • 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.
  • Ineffective internal control over financial reporting 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.
  • 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 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.
  • 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.
  • The phaseout of the London Interbank Offered Rate (LIBOR), or the replacement of LIBOR with a different reference rate, may adversely affect Mattel’s borrowing costs.
Management Discussion
  • Gross billings were $5.14 billion in 2020, an increase of $73.2 million, or 1%, as compared to $5.06 billion in 2019, with an unfavorable impact from changes in currency exchange rates of two percentage points. The increase in gross billings was primarily driven by higher billings of Dolls.
  • Dolls gross billings increased 9%, of which 11% was driven by higher billings of Barbie products, primarily driven by positive brand momentum and point of sale demand ("POS"). This was partially offset by lower billings of Enchantimals products of 1% and lower billings of BTS products of 1%.
  • Infant, Toddler, and Preschool gross billings decreased 9%, of which 6% was due to lower billings of Fisher-Price and Thomas & Friends products and 3% was due to lower billings of Fisher-Price Friends products.
Content analysis
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Positive
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Legalese
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Readability
H.S. sophomore Avg
New words: Central, certification, Chilean, complexity, contested, entail, equitable, exceeded, external, fault, Fire, free, Haag, indefinitely, mediation, Mizell, objective, pendency, Police, Pontiac, practicable, prepaid, pretax, principle, qualitative, reinvested, remit, remitted, repatriated, routinely, Shumacher, sustained, treatment, undistributed
Removed: achieve, establishment, plaintiff, reach