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v3.19.3.a.u2

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Income |
| For the Year Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017 (b)
| (In thousands)
Revenues by Segment |  |  |  |  |
North America | $ | 2,432,299 |  |  | $ | 2,422,108 |  |  | $ | 2,536,654 |
International | 2,363,786 |  |  | 2,312,230 |  |  | 2,503,527 |
American Girl | 268,489 |  |  | 341,191 |  |  | 473,944 |
Gross sales | 5,064,574 |  |  | 5,075,529 |  |  | 5,514,125 |
Sales adjustments | (560,003 | ) |  | (560,719 | ) |  | (632,632 | )
Net sales | $ | 4,504,571 |  |  | $ | 4,514,810 |  |  | $ | 4,881,493 |
Segment Income (Loss) |  |  |  |  |
North America | $ | 357,039 |  |  | $ | 220,769 |  |  | $ | 102,710 |
International | 166,873 |  |  | 13,915 |  |  | (6,322 | )
American Girl | (58,813 | ) |  | (17,726 | ) |  | (72,968 | )
| 465,099 |  |  | 216,958 |  |  | 23,420 |
Corporate and other expense (a) | (425,859 | ) |  | (451,307 | ) |  | (359,118 | )
Operating income (loss) | 39,240 |  |  | (234,349 | ) |  | (335,698 | )
Interest expense | 201,044 |  |  | 181,886 |  |  | 105,214 |
Interest (income) | (6,166 | ) |  | (6,463 | ) |  | (7,777 | )
Other non-operating expense, net | 2,650 |  |  | 7,331 |  |  | 68,110 |
Loss before income taxes | $ | (158,288 | ) |  | $ | (417,103 | ) |  | $ | (501,245 | )
(a) | Corporate and other expense includes (i) incentive compensation expense of $119.5 million, $84.1 million, and $19.4 million for 2019, 2018, and 2017, respectively; (ii) $40.5 million, $104.1 million, and $65.1 million of charges related to severance and other restructuring costs for 2019, 2018, and 2017, respectively; and (iii) share-based compensation expense of $56.0 million, $48.9 million, and $67.1 million for 2019, 2018, and 2017, respectively.
(b) In accordance with ASU 2017-07, prior period amounts have been retrospectively adjusted, which resulted in a reclassification of $3.4 million of expense, net from other selling and administrative expenses, which is included in corporate and other expense, to other non-operating expense, net for the year ended December 31, 2017.
Schedule of Segment Depreciation/Amortization |
| For the Year Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Depreciation/Amortization by Segment |  |  |  |  |
North America | $ | 112,988 |  |  | $ | 130,087 |  |  | $ | 118,898 |
International | 85,496 |  |  | 95,480 |  |  | 96,623 |
American Girl | 12,416 |  |  | 14,391 |  |  | 22,615 |
| 210,900 |  |  | 239,958 |  |  | 238,136 |
Corporate and other | 33,618 |  |  | 31,974 |  |  | 36,631 |
Depreciation and amortization | $ | 244,518 |  |  | $ | 271,932 |  |  | $ | 274,767 |
Schedule of Segment Assets | Segment assets are comprised of accounts receivable and inventories, net of applicable reserves and allowances.
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 569,819 |  |  | $ | 615,654 |  |  | $ | 692,232 |
International | 721,251 |  |  | 728,870 |  |  | 825,227 |
American Girl | 35,004 |  |  | 43,748 |  |  | 100,184 |
| 1,326,074 |  |  | 1,388,272 |  |  | 1,617,643 |
Corporate and other | 105,789 |  |  | 124,700 |  |  | 107,713 |
Accounts receivable and inventories, net | $ | 1,431,863 |  |  | $ | 1,512,972 |  |  | $ | 1,725,356 |
Schedule of Worldwide Revenues by Brand Category | The table below presents worldwide revenues by categories:
| For the Year Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Revenues by Categories (a) |  |  |  |  |
Dolls | $ | 1,724,008 |  |  | $ | 1,730,907 |  |  | $ | 1,725,865 |
Infant, Toddler, and Preschool | 1,257,646 |  |  | 1,417,820 |  |  | 1,677,223 |
Vehicles | 1,101,338 |  |  | 1,065,452 |  |  | 1,242,790 |
Action Figures, Building Sets, and Games | 981,582 |  |  | 861,350 |  |  | 868,247 |
Gross sales | 5,064,574 |  |  | 5,075,529 |  |  | 5,514,125 |
Sales adjustments | (560,003 | ) |  | (560,719 | ) |  | (632,632 | )
Net sales | $ | 4,504,571 |  |  | $ | 4,514,810 |  |  | $ | 4,881,493 |
(a) | Mattel modified its reporting structure for revenues in the first quarter of 2019 to disclose revenues by categories.
The table below presents worldwide revenues by brand category:
| For the Year Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Revenues by Top 3 Power Brands |  |  |  |  |
Barbie | $ | 1,159,768 |  |  | $ | 1,088,953 |  |  | $ | 954,892 |
Hot Wheels | 925,854 |  |  | 834,058 |  |  | 777,341 |
Fisher-Price and Thomas & Friends | 1,131,750 |  |  | 1,185,669 |  |  | 1,370,543 |
Other | 1,847,202 |  |  | 1,966,849 |  |  | 2,411,349 |
Gross sales | 5,064,574 |  |  | 5,075,529 |  |  | 5,514,125 |
Sales adjustments | (560,003 | ) |  | (560,719 | ) |  | (632,632 | )
Net sales | $ | 4,504,571 |  |  | $ | 4,514,810 |  |  | $ | 4,881,493 |
Schedule of 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 Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Revenues |  |  |  |  |
North American Region (a) | $ | 2,700,788 |  |  | $ | 2,763,299 |  |  | $ | 3,010,598 |
International Region (b): |  |  |  |  |
EMEA | 1,292,948 |  |  | 1,252,424 |  |  | 1,281,671 |
Latin America | 666,102 |  |  | 653,992 |  |  | 675,286 |
Asia Pacific | 404,736 |  |  | 405,814 |  |  | 546,570 |
Total International Region | 2,363,786 |  |  | 2,312,230 |  |  | 2,503,527 |
Gross sales | 5,064,574 |  |  | 5,075,529 |  |  | 5,514,125 |
Sales adjustments | (560,003 | ) |  | (560,719 | ) |  | (632,632 | )
Net sales | $ | 4,504,571 |  |  | $ | 4,514,810 |  |  | $ | 4,881,493 |
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Long-Lived Assets |  |  |  |  |
North American Region (c) | $ | 1,429,549 |  |  | $ | 1,466,413 |  |  | $ | 1,543,662 |
International Region | 1,276,616 |  |  | 1,374,676 |  |  | 1,506,503 |
Consolidated total | $ | 2,706,165 |  |  | $ | 2,841,089 |  |  | $ | 3,050,165 |
(a) | Revenues for the North American Region include revenues attributable to the U.S. of $2.54 billion, $2.60 billion, and $2.82 billion for 2019, 2018, and 2017, respectively.
(b) | Mattel reorganized its regional reporting structure in the first quarter of 2019. As a result, the new regions are Europe, the Middle East, and Africa ("EMEA"), Latin America, and Asia Pacific. The Middle East, Africa, Russia, and Turkey were previously included in the Asia Pacific regions (previously Global Emerging Markets) and are now included in EMEA (previously Europe). Prior period amounts have been reclassified to conform to the current period presentation.
(c) Long-lived assets for the North American Region include long-lived assets attributable to the U.S. of $1.39 billion, $1.42 billion, and $1.49 billion for 2019, 2018, and 2017, respectively.
Schedule of Long-lived Assets by Geographic Areas | 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 Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Revenues |  |  |  |  |
North American Region (a) | $ | 2,700,788 |  |  | $ | 2,763,299 |  |  | $ | 3,010,598 |
International Region (b): |  |  |  |  |
EMEA | 1,292,948 |  |  | 1,252,424 |  |  | 1,281,671 |
Latin America | 666,102 |  |  | 653,992 |  |  | 675,286 |
Asia Pacific | 404,736 |  |  | 405,814 |  |  | 546,570 |
Total International Region | 2,363,786 |  |  | 2,312,230 |  |  | 2,503,527 |
Gross sales | 5,064,574 |  |  | 5,075,529 |  |  | 5,514,125 |
Sales adjustments | (560,003 | ) |  | (560,719 | ) |  | (632,632 | )
Net sales | $ | 4,504,571 |  |  | $ | 4,514,810 |  |  | $ | 4,881,493 |
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In thousands)
Long-Lived Assets |  |  |  |  |
North American Region (c) | $ | 1,429,549 |  |  | $ | 1,466,413 |  |  | $ | 1,543,662 |
International Region | 1,276,616 |  |  | 1,374,676 |  |  | 1,506,503 |
Consolidated total | $ | 2,706,165 |  |  | $ | 2,841,089 |  |  | $ | 3,050,165 |
(a) | Revenues for the North American Region include revenues attributable to the U.S. of $2.54 billion, $2.60 billion, and $2.82 billion for 2019, 2018, and 2017, respectively.
(b) | Mattel reorganized its regional reporting structure in the first quarter of 2019. As a result, the new regions are Europe, the Middle East, and Africa ("EMEA"), Latin America, and Asia Pacific. The Middle East, Africa, Russia, and Turkey were previously included in the Asia Pacific regions (previously Global Emerging Markets) and are now included in EMEA (previously Europe). Prior period amounts have been reclassified to conform to the current period presentation.
(c) Long-lived assets for the North American Region include long-lived assets attributable to the U.S. of $1.39 billion, $1.42 billion, and $1.49 billion for 2019, 2018, and 2017, respectively.
Schedule of Major Customers | Sales to Mattel’s two largest customers accounted for 32%, 34%, and 29% of worldwide consolidated net sales for 2019, 2018, and 2017, respectively, as follows:
| For the Year Ended
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017
| (In billions)
Walmart | $ | 1.01 |  |  | $ | 1.07 |  |  | $ | 1.02 |
Target | $ | 0.44 |  |  | $ | 0.45 |  |  | $ | 0.37 |

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