Spreadsheet: 2ff128e5-74a6-4918-bb1e-f755e0726bbf
Sheet: Income Statement

MATTEL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
 |  |  |  |  |  | 2 0 0 9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 0 1 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 0 1 1
 |  |  |  |  |  | 1st Quarter |  |  |  | 2nd Quarter |  |  |  | 3rd Quarter |  |  |  | 4th Quarter |  |  |  |  | 1st Quarter |  |  |  | 2nd Quarter |  |  |  | 3rd Quarter |  |  |  | 4th Quarter |  |  |  |  | 1st Quarter |  |  |  |  | 2nd Quarter |  |  |  | 3rd Quarter |  |  |  | 4th Quarter
 |  |  |  |  |  | $ |  | % |  | $ |  | % |  | $ |  | % |  | $ |  | % |  |  | $ |  | % |  | $ |  | % |  | $ |  | % |  | $ |  | % |  |  | $ |  | % |  |  | $ |  | % |  | $ |  | % |  | $ |  | %
(In millions, except per share and percentage information) |  |  |  |  |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  |  | Amt |  | Net Sales |  |  | Amt |  | Net Sales |  | Amt |  | Net Sales |  | Amt |  | Net Sales
Net Sales |  |  |  |  | $ | 785.6 |  |  | $ | 898.2 |  |  | $ | 1791.9 |  |  | $ | 1955.1 |  |  |  | $ | 880.1 |  |  | $ | 1018.5 |  |  | $ | 1833.1 |  |  | $ | 2124.6 |  |  |  | $ | 951.9 |  |  |  | $ | 1161.7 |  |  | $ | 1998.8 |  |  | $ | 2153.8
Cost of sales |  |  |  |  |  | 439.7 |  | 0.56 |  | 492.1 |  | 0.548 |  | 873.3 |  | 0.487 |  | 910.9 |  | 0.466 |  |  | 448.2 |  | 0.509 |  | 528.9 |  | 0.519 |  | 895.6 |  | 0.489 |  | 1028.6 |  | 0.484 |  |  | 478.8 |  | 0.503 |  |  | 605.5 |  | 0.521 |  | 1042.7 |  | 0.522 |  | 993.4 |  | 0.461
Gross Profit |  |  |  |  |  | 345.9 |  | 0.44 |  | 406.1 |  | 0.452 |  | 918.6 |  | 0.513 |  | 1044.2 |  | 0.534 |  |  | 431.9 |  | 0.491 |  | 489.6 |  | 0.481 |  | 937.5 |  | 0.511 |  | 1096 |  | 0.516 |  |  | 473.1 |  | 0.497 |  |  | 556.2 |  | 0.479 |  | 956.1 |  | 0.478 |  | 1160.4 |  | 0.539
Advertising and promotion expenses |  |  |  |  |  | 84.1 |  | 0.107 |  | 89.8 |  | 0.1 |  | 197.1 |  | 0.11 |  | 238.8 |  | 0.122 |  |  | 94.2 |  | 0.107 |  | 101.9 |  | 0.1 |  | 201.6 |  | 0.11 |  | 249.6 |  | 0.117 |  |  | 101.8 |  | 0.107 |  |  | 116.2 |  | 0.1 |  | 219.9 |  | 0.11 |  | 261.4 |  | 0.121
Other selling and administrative expenses |  |  |  |  |  | 317 |  | 0.404 |  | 283.8 |  | 0.316 |  | 385.02 |  | 0.215 |  | 388 |  | 0.198 |  |  | 292.5 |  | 0.332 |  | 318.3 |  | 0.313 |  | 377.3 |  | 0.206 |  | 417.8 |  | 0.197 |  |  | 334.5 |  | 0.351 |  |  | 330.7 |  | 0.285 |  | 338.6 |  | 0.169 |  | 401.5 |  | 0.186
Operating Income (Loss) |  |  |  |  |  | -55.2 |  | -0.07 |  | 32.5 |  | 0.036 |  | 336.5 |  | 0.188 |  | 417.4 |  | 0.213 |  |  | 45.2 |  | 0.051 |  | 69.4 |  | 0.068 |  | 358.6 |  | 0.196 |  | 428.6 |  | 0.202 |  |  | 36.8 |  | 0.039 |  |  | 109.3 |  | 0.094 |  | 397.6 |  | 0.199 |  | 497.5 |  | 0.231
Interest expense |  |  |  |  |  | 15.9 |  | 0.02 |  | 17.5 |  | 0.019 |  | 19.3 |  | 0.011 |  | 19.1 |  | 0.01 |  |  | 13.6 |  | 0.015 |  | 13.4 |  | 0.013 |  | 13.8 |  | 0.008 |  | 23.9 |  | 0.011 |  |  | 18.8 |  | 0.02 |  |  | 17.6 |  | 0.015 |  | 15.4 |  | 0.008 |  | 23.5 |  | 0.011
Interest (income) |  |  |  |  |  | -3.5 |  | -0.004 |  | -2.5 |  | -0.003 |  | -1.5 |  | -0.001 |  | -0.6 |  | 0 |  |  | -2.5 |  | -0.003 |  | -2.8 |  | -0.003 |  | -1.8 |  | -0.001 |  | -1.4 |  | -0.001 |  |  | -3.2 |  | -0.003 |  |  | -2.5 |  | -0.002 |  | -1.1 |  | -0.001 |  | -1.4 |  | -0.001
Other non-operating (income) expense, net |  |  |  |  |  | -2.14 |  |  |  | -6.3 |  |  |  | 14.1 |  |  |  | 1.86 |  |  |  |  | 0.8 |  |  |  | -3.3 |  |  |  | - |  |  |  | 1.3 |  |  |  |  | -0.1 |  |  |  |  | -0.7 |  |  |  | -2.4 |  |  |  | 6.5
Income (Loss) Before Income Taxes |  |  |  |  |  | -65.46 |  | -0.083 |  | 23.8 |  | 0.027 |  | 304.6 |  | 0.17 |  | 397.04 |  | 0.203 |  |  | 33.3 |  | 0.038 |  | 62.1 |  | 0.061 |  | 346.6 |  | 0.189 |  | 404.8 |  | 0.191 |  |  | 21.3 |  | 0.022 |  |  | 94.9 |  | 0.082 |  | 385.7 |  | 0.193 |  | 468.9 |  | 0.218
Provision (Benefit) for income taxes |  |  |  |  |  | -14.5 |  |  |  | 2.3 |  |  |  | 74.8 |  |  |  | 68.6 |  |  |  |  | 8.5 |  |  |  | 10.5 |  |  |  | 63.3 |  |  |  | 79.6 |  |  |  |  | 4.7 |  |  |  |  | 14.4 |  |  |  | 84.9 |  |  |  | 98.3
Net Income (Loss) |  |  |  |  | $ | -51 |  | -0.065 | $ | 21.5 |  | 0.024 | $ | 229.8 |  | 0.128 | $ | 328.4 |  | 0.168 |  | $ | 24.8 |  | 0.028 | $ | 51.6 |  | 0.051 | $ | 283.3 |  | 0.155 | $ | 325.2 |  | 0.153 |  | $ | 16.6 |  | 0.017 |  | $ | 80.5 |  | 0.069 | $ | 300.8 |  | 0.15 | $ | 370.6 |  | 0.172
Effective Tax Rate |  |  |  |  |  | 0.221 |  |  |  | 0.099 |  |  |  | 0.246 |  |  |  | 0.173 |  |  |  |  | 0.25359 |  |  |  | 0.169 |  |  |  | 0.183 |  |  |  | 0.197 |  |  |  |  | 0.219 |  |  |  |  | 0.151 |  |  |  | 0.22 |  |  |  | 0.21
Net Income (Loss) Per [NAME] |  |  |  |  | $ | -0.14 |  |  | $ | 0.06 |  |  | $ | 0.6265 |  |  | $ | 0.9 |  |  |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.78 |  |  | $ | 0.9 |  |  |  | $ | 0.05 |  |  |  | $ | 0.23 |  |  | $ | 0.87 |  |  | $ | 1.08
Average Number of Common Shares |  |  |  |  |  | 358.9 |  |  |  | 358.8 |  |  |  | 360.843 |  |  |  | 361.8 |  |  |  |  | 363.2 |  |  |  | 362.8 |  |  |  | 360.6 |  |  |  | 355.7 |  |  |  |  | 349.1 |  |  |  |  | 347.1 |  |  |  | 343.2 |  |  |  | 339.4
Net Income (Loss) Per [NAME] |  |  |  |  | $ | -0.14 |  |  | $ | 0.06 |  |  | $ | 0.6276 |  |  | $ | 0.89 |  |  |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.77 |  |  | $ | 0.89 |  |  |  | $ | 0.05 |  |  |  | $ | 0.23 |  |  | $ | 0.86 |  |  | $ | 1.07
Average Number of Common and
Potential Common Shares |  |  |  |  |  | 358.9 |  |  |  | 360.9 |  |  |  | 361.925 |  |  |  | 364.6 |  |  |  |  | 366.1 |  |  |  | 365.9 |  |  |  | 363.5 |  |  |  | 360.6 |  |  |  |  | 352.7 |  |  |  |  | 350.9 |  |  |  | 346.8 |  |  |  | 343.5
The financial information included herein should be read in conjunction with Mattel's consolidated financial statements and related notes in its Annual Reports on Form 10-K and/or Quarterly Reports on Form 10-Q, as applicable.
Note:  Beginning January 1, 2009, new U.S. GAAP guidance changed the way in which certain restricted stock unit holders are treated in the calculation of basic and diluted EPS. These requirements are to be applied retrospectively to prior
periods to the extent those prior period EPS amounts appear in current SEC filings. The EPS amounts in these tables reflect the originally reported amounts but, if adjusted, the impact on such prior periods would be between $0.00 and $0.01.