$MAT

MATTEL INC /DE/

CIK:0000063276|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net Sales	$ 1,125,326	$ 1,018,562	$ 1,987,497	$ 1,845,191
Cost of sales	583,205	499,611	1,058,596	918,144
Gross Profit	542,121	518,951	928,901	927,047
Advertising and promotion expenses	124,316	79,124	217,169	149,322
Other selling and administrative expenses	406,932	361,328	803,540	752,206
Operating Income (Loss)	10,873	78,499	(91,808)	25,519
Interest expense	31,755	29,354	62,838	58,588
Interest (income)	(7,036)	(12,365)	(17,688)	(28,317)
Other non-operating expense (income), net	4,141	(1,417)	(143,958)	11,623
(Loss) Income Before Income Taxes	(17,987)	62,927	7,000	(16,375)
Provision for (benefit from) income taxes	228	16,211	(32,222)	(14,355)
Income from equity method investments	0	(6,636)	(3,593)	(15,053)
Net (Loss) Income	$ (18,215)	$ 53,352	$ 42,815	$ 13,033
Net (Loss) Income Per Common Share - Basic (USD per share)	$ (0.06)	$ 0.16	$ 0.15	$ 0.04
Weighted-average number of common shares (in shares)	288,930	323,529	293,200	325,505
Net (Loss) Income Per Common Share - Diluted (USD per share)	$ (0.06)	$ 0.16	$ 0.14	$ 0.04
Weighted-average number of common and potential common shares (in shares)	288,930	325,532	295,692	328,504

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income	$ 42,815	$ 13,033
Adjustments to reconcile net income to net cash flows used for operating activities:
Depreciation	67,579	68,719
Amortization of intangible assets	25,105	15,653
Share-based compensation	32,907	38,624
Inventory obsolescence	10,008	14,405
Deferred income taxes	(6,724)	(10,771)
Income from equity method investments	(3,593)	(15,053)
Content assets amortization	7,198	36,251
(Gain) on remeasurement of previously held equity interest	(147,940)	0
Changes in assets and liabilities:
Accounts receivable, net	294,781	238,999
Inventories	(291,154)	(327,702)
Prepaid expenses and other current assets	(57,046)	(18,476)
Accounts payable, accrued liabilities, and income taxes payable	(233,087)	(277,044)
Content assets spend	(11,177)	(9,327)
Other, net	68,194	(42,579)
Net cash flows used for operating activities	(202,134)	(275,268)
Cash Flows From Investing Activities:
Purchases of tools, dies, and molds	(38,612)	(31,991)
Purchases of other property, plant, and equipment	(87,197)	(44,028)
Payments for acquisitions, net of cash acquired	(74,844)	0
Other, net	5,391	21,438
Net cash flows used for investing activities	(195,262)	(54,581)
Cash Flows From Financing Activities:
Share repurchases	(300,000)	(210,000)
Tax withholdings for share-based compensation	(23,429)	(14,509)
Proceeds from stock option exercises	3,378	4,767
Other, net	(2,997)	(2,652)
Net cash flows used for financing activities	(323,048)	(222,394)
Effect of Currency Exchange Rate Changes on Cash and Equivalents	1,373	34,787
Change in Cash and Equivalents	(719,071)	(517,456)
Cash and Equivalents at Beginning of Period	1,242,927	1,387,908
Cash and Equivalents at End of Period	$ 523,856	$ 870,452

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Current Assets
Cash and equivalents	$ 523,856	$ 1,242,927	$ 870,452
Accounts receivable, net of allowances for credit losses of $9.6 million, $8.6 million, and $17.4 million, respectively	820,320	1,097,604	792,495
Inventories	829,798	563,142	867,898
Prepaid expenses and other current assets	279,450	227,116	268,196
Total current assets	2,453,424	3,130,789	2,799,041
Noncurrent Assets
Property, plant, and equipment, net	635,582	590,015	527,264
Right-of-use assets, net	384,665	319,548	313,769
Goodwill	1,582,369	1,390,169	1,392,093
Deferred income tax assets	332,171	312,913	307,068
Identifiable intangible assets, net	471,710	337,105	354,226
Other noncurrent assets	497,102	559,843	555,434
Total Assets	6,357,023	6,640,382	6,248,895
Current Liabilities
Current portion of long-term debt	0	0	598,873
Accounts payable	448,044	555,403	419,478
Accrued liabilities	834,706	872,928	703,493
Income taxes payable	7,061	29,851	4,210
Total current liabilities	1,289,811	1,458,182	1,726,054
Noncurrent Liabilities
Long-term debt	2,333,889	2,331,675	1,737,660
Noncurrent lease liabilities	334,749	268,351	264,875
Other noncurrent liabilities	400,456	349,126	348,447
Total noncurrent liabilities	3,069,094	2,949,152	2,350,982
Stockholders' Equity
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued	441,369	441,369	441,369
Additional paid-in capital	1,742,846	1,787,790	1,756,671
Treasury stock at cost: 155.7 million shares, 119.1 million shares, and 140.0 million shares, respectively	(3,350,472)	(3,107,007)	(2,726,182)
Retained earnings	4,044,277	4,001,462	3,616,911
Accumulated other comprehensive loss	(879,902)	(890,566)	(916,910)
Total stockholders' equity	1,998,118	2,233,048	2,171,859
Total Liabilities and Stockholders' Equity	$ 6,357,023	$ 6,640,382	$ 6,248,895