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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Segment Revenues and Segment Income | The following tables present information about revenues, income, and assets by segment. Mattel does not include sales adjustments such as trade discounts and other allowances in the calculation of segment revenues (referred to as “gross sales”). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments are not allocated to individual products. For this reason, Mattel’s CODM uses gross sales by segment as one of the metrics to measure segment performance. Such sales adjustments are included in the determination of segment income from operations based on the adjustments recorded in the financial accounting systems. Segment income represents each segment’s operating income, while consolidated operating income represents income from operations before net interest, other non-operating income, and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, share-based payments, and corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency rates on intercompany transactions.
|  | For the Year |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In thousands) |
Revenues by Segment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 3,181,205 |  |  | $ | 3,330,217 |  |  | $ | 3,296,995 |
International |  |  | 3,277,840 |  |  |  | 3,126,088 |  |  |  | 3,001,705 |
American Girl |  |  | 658,768 |  |  |  | 596,298 |  |  |  | 542,387 |
Gross sales |  |  | 7,117,813 |  |  |  | 7,052,603 |  |  |  | 6,841,087 |
Sales adjustments |  |  | (632,921 | ) |  |  | (631,722 | ) |  |  | (575,050 | )
Net sales |  | $ | 6,484,892 |  |  | $ | 6,420,881 |  |  | $ | 6,266,037 |
Segment Income |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 723,834 |  |  | $ | 810,271 |  |  | $ | 770,276 |
International |  |  | 622,910 |  |  |  | 571,413 |  |  |  | 513,414 |
American Girl |  |  | 138,029 |  |  |  | 121,642 |  |  |  | 111,104 |
|  |  | 1,484,773 |  |  |  | 1,503,326 |  |  |  | 1,394,794 |
Corporate and other expense (a) |  |  | (316,670 | ) |  |  | (482,311 | ) |  |  | (353,693 | )
Operating income |  |  | 1,168,103 |  |  |  | 1,021,015 |  |  |  | 1,041,101 |
Interest expense |  |  | 78,505 |  |  |  | 88,835 |  |  |  | 75,332 |
Interest (income) |  |  | (5,555 | ) |  |  | (6,841 | ) |  |  | (8,093 | )
Other non-operating (income) expense, net |  |  | (3,975 | ) |  |  | (6,024 | ) |  |  | 3,189 |
Income before income taxes |  | $ | 1,099,128 |  |  | $ | 945,045 |  |  | $ | 970,673 |
(a) | Corporate and other expense includes (i) incentive compensation expense of $65.0 million, $108.1 million, and $75.3 million for 2013, 2012, and 2011, respectively, (ii) $17.6 million, $13.4 million, and $14.9 million of charges related to severance and other termination-related costs for 2013, 2012, and 2011, respectively, (iii) share-based compensation expense of $61.7 million, $63.3 million, and $53.5 million for 2013, 2012, and 2011, respectively, (iv) the Litigation Charge of $137.8 million for 2012, (v) $7.5 million Gunther-Wahl Productions legal settlement for 2011, and (vi) legal fees associated with MGA litigation matters.
Segment Depreciation/Amortization |
|  | For the Year |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In thousands) |
Depreciation/Amortization by Segment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 84,935 |  |  | $ | 76,593 |  |  | $ | 66,477 |
International |  |  | 71,380 |  |  |  | 65,340 |  |  |  | 63,026 |
American Girl |  |  | 17,364 |  |  |  | 15,622 |  |  |  | 15,210 |
|  |  | 173,679 |  |  |  | 157,555 |  |  |  | 144,713 |
Corporate and other |  |  | 22,714 |  |  |  | 16,727 |  |  |  | 16,585 |
Depreciation and amortization |  | $ | 196,393 |  |  | $ | 174,282 |  |  | $ | 161,298 |
Segment Assets | Segment assets are comprised of accounts receivable and inventories, net of applicable reserves and allowances.
|  | December 31, |
|  | 2013 |  |  | 2012 |
|  | (In thousands) |
Assets by Segment |  |  |  |  |  |  |  |
North America |  | $ | 723,886 |  |  | $ | 694,479 |
International |  |  | 920,770 |  |  |  | 807,911 |
American Girl |  |  | 100,438 |  |  |  | 90,335 |
|  |  | 1,745,094 |  |  |  | 1,592,725 |
Corporate and other |  |  | 83,854 |  |  |  | 99,165 |
Accounts receivable and inventories, net |  | $ | 1,828,948 |  |  | $ | 1,691,890 |
Worldwide Revenues by Brand Category | Mattel sells a broad variety of toy products, which are grouped into three major categories: Mattel Girls & Boys Brands, Fisher-Price Brands, and American Girl Brands. The table below presents worldwide revenues by brand category:
|  | For the Year |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In thousands) |
Worldwide Revenues by Brand Category |  |  |  |  |  |  |  |  |  |  |  |
Mattel Girls & Boys Brands |  | $ | 4,315,855 |  |  | $ | 4,186,550 |  |  | $ | 4,120,564 |
Fisher-Price Brands |  |  | 2,120,719 |  |  |  | 2,252,339 |  |  |  | 2,159,178 |
American Girl Brands |  |  | 632,515 |  |  |  | 567,521 |  |  |  | 510,936 |
Other |  |  | 48,724 |  |  |  | 46,193 |  |  |  | 50,409 |
Gross sales |  |  | 7,117,813 |  |  |  | 7,052,603 |  |  |  | 6,841,087 |
Sales adjustments |  |  | (632,921 | ) |  |  | (631,722 | ) |  |  | (575,050 | )
Net sales |  | $ | 6,484,892 |  |  | $ | 6,420,881 |  |  | $ | 6,266,037 |
Revenues by Geographic Area | The tables below present information by geographic area. Revenues are attributed to countries based on location of customer. Long-lived assets principally include goodwill, property, plant, and equipment, net, and identifiable intangibles, net.
|  | For the Year |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In thousands) |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
North American Region (a) |  | $ | 3,839,973 |  |  | $ | 3,926,515 |  |  | $ | 3,839,382 |
International Region: |  |  |  |  |  |  |  |  |  |  |  |
Europe |  |  | 1,806,707 |  |  |  | 1,685,274 |  |  |  | 1,626,120 |
Latin America |  |  | 1,011,718 |  |  |  | 1,008,236 |  |  |  | 991,435 |
Asia Pacific |  |  | 459,415 |  |  |  | 432,578 |  |  |  | 384,150 |
Total International Region |  |  | 3,277,840 |  |  |  | 3,126,088 |  |  |  | 3,001,705 |
Gross sales |  |  | 7,117,813 |  |  |  | 7,052,603 |  |  |  | 6,841,087 |
Sales adjustments |  |  | (632,921 | ) |  |  | (631,722 | ) |  |  | (575,050 | )
Net sales |  | $ | 6,484,892 |  |  | $ | 6,420,881 |  |  | $ | 6,266,037 |
Long-lived Assets by Geographic Area |
|  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In thousands) |
Long-Lived Assets |  |  |  |  |  |  |  |  |  |  |  |
North American Region (b) |  | $ | 1,361,538 |  |  | $ | 1,252,938 |  |  | $ | 1,074,914 |
International Region |  |  | 1,326,457 |  |  |  | 1,342,375 |  |  |  | 679,185 |
Consolidated total |  | $ | 2,687,995 |  |  | $ | 2,595,313 |  |  | $ | 1,754,099 |
(a) | Revenues for the North American Region include revenues attributable to the US of $3.58 billion, $3.61 billion, and $3.58 billion for 2013, 2012, and 2011, respectively.
(b) | Long-lived assets for the North American Region include long-lived assets attributable to the US of $1.36 billion, $1.25 billion, and $1.05 billion for 2013, 2012, and 2011, respectively.
Major Customers | Sales to Mattel’s three largest customers accounted for 36%, 37%, and 38% of worldwide consolidated net sales for 2013, 2012, and 2011, respectively, as follows:
|  | For the Year |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | (In billions) |
Wal-Mart |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 1.2 |
Toys “R” Us |  |  | 0.7 |  |  |  | 0.7 |  |  |  | 0.7 |
Target |  |  | 0.5 |  |  |  | 0.5 |  |  |  | 0.5 |

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