Mattel Earnings 2020-09-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

mat-20200930

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________________________

FORM 10-Q

___________________________________________________________

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


			For the quarterly period ended			September 30, 2020


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the transition period from to

Commission File Number 001-05647

___________________________________________________________

MATTEL, INC.

(Exact name of registrant as specified in its charter)

___________________________________________________________


Delaware						95-1567322
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


333 Continental Blvd.		90245-5012
El Segundo,	CA
(Address of principal executive offices)		(Zip Code)

(310) 252-2000

(Registrant's telephone number, including area code)

NONE

(Former name, former address and former fiscal year, if changed since last report):

__________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $1.00 per share

MAT

The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Number of shares outstanding of registrant's common stock, $1.00 par value, as of October 16, 2020: 348,040,304 shares

MATTEL, INC. AND SUBSIDIARIES

(Cautionary Statement Under the Private Securities Litigation Reform Act of 1995)

Mattel is including this Cautionary Statement to caution investors and qualify for the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act") for forward-looking statements. This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of the Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. The use of words such as "anticipates," "expects," "intends," "plans," "confident that" and "believes," among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information and assumptions, and are subject to a number of significant risks and uncertainties. A variety of factors, many of which are beyond our control, could cause actual future results to differ materially from those projected in the forward-looking statements, and are currently, or in the future could be, amplified by the COVID-19 pandemic. Specific factors that might cause such a difference include, but are not limited to: (i) potential impacts of the COVID-19 pandemic on our business operations, financial results and financial position and on the global economy, including its impact on our sales; (ii) Mattel’s ability to design, develop, produce, manufacture, source and ship products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to profitably recover Mattel’s costs; (iii) downturns in economic conditions affecting Mattel’s markets which can negatively impact retail customers and consumers, and which can result in lower employment levels, lower consumer disposable income and spending, including lower spending on purchases of Mattel’s products; (iv) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (v) potential difficulties or delays Mattel may experience in implementing cost savings and efficiency enhancing initiatives; (vi) other economic and public health conditions or regulatory changes in the markets in which Mattel and its customers and suppliers operate, which could create delays or increase Mattel’s costs, such as higher commodity prices, labor costs or transportation costs, or outbreaks of disease; (vii) currency fluctuations, including movements in foreign exchange rates, which can lower Mattel’s net revenues and earnings, and significantly impact Mattel’s costs; (viii) the concentration of Mattel’s customers, potentially increasing the negative impact to Mattel of difficulties experienced by any of Mattel’s customers, or changes in their purchasing or selling patterns; (ix) the future willingness of licensors of entertainment properties for which Mattel currently has licenses or would seek to have licenses in the future to license those products to Mattel; (x) the inventory policies of Mattel’s retail customers, including retailers’ potential decisions to lower their inventories, even if it results in lost sales, as well as the concentration of Mattel’s revenues in the second half of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve compressed shipping schedules; (xi) legal, reputational, and financial risks related to security breaches or cyberattacks; (xii) the increased costs of developing more sophisticated digital and smart technology products, and the corresponding supply chain and design challenges associated with such products; (xiii) work disruptions, which may impact Mattel’s ability to manufacture or deliver product in a timely and cost-effective manner; (xiv) the bankruptcy and liquidation of Mattel’s significant retailers, or the general lack of success of one of Mattel’s significant retailers which could negatively impact Mattel’s revenues or bad debt exposure; (xv) the impact of competition on revenues, margins and other aspects of Mattel’s business, including the ability to offer products which consumers choose to buy instead of competitive products, the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees; (xvi) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xvii) changes in laws or regulations in the United States and/or in other major markets, such as China, in which Mattel operates, including, without limitation, with respect to taxes, tariffs, trade policies, or product safety, which may increase Mattel’s product costs and other costs of doing business, and reduce Mattel’s earnings; (xviii) failure to realize the planned benefits from any investments or acquisitions made by Mattel; (xix) the impact of other market conditions, third party actions or approvals and competition which could reduce demand for Mattel’s products or delay or increase the cost of implementation of Mattel’s programs or alter Mattel’s actions and reduce actual results; (xx) changes in financing markets or the inability of Mattel to obtain financing on attractive terms; (xxi) the impact of litigation, arbitration, or regulatory decisions or settlement actions; (xxii) uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark; and (xxiii) other risks and uncertainties detailed in Part 1, Item 1A "Risk Factors" in Mattel's 2019 Annual Report on Form 10-K, as amended (the "2019 Annual Report on Form 10-K") and in Part II, Item 1A "Risk Factors" of this Quarterly Report on Form 10-Q. Mattel does not update forward-looking statements and expressly disclaims any obligation to do so, except as required by law.

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

MATTEL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS


	September 30, 2020		September 30, 2019		December 31, 2019
	(Unaudited; in thousands, except share data)
ASSETS
Current Assets
Cash and equivalents	$	452,167	$	218,298	$	630,028
Accounts receivable, net of allowances for credit losses of $18.5 million, $22.4 million, and $18.5 million, respectively	1,326,128		1,291,255		936,359
Inventories	663,639		701,567		495,504
Prepaid expenses and other current assets	157,929		225,877		186,083
Total current assets	2,599,863		2,436,997		2,247,974
Noncurrent Assets
Property, plant, and equipment, net	497,437		572,269		550,139
Right-of-use assets, net	291,097		306,223		303,187
Goodwill	1,387,260		1,382,588		1,390,714
Other noncurrent assets	828,438		829,504		833,212
Total Assets	$	5,604,095	$	5,527,581	$	5,325,226
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Short-term borrowings	$	400,000	$	230,000	$	—
Accounts payable	497,379		512,491		459,357
Accrued liabilities	739,790		722,164		769,513
Income taxes payable	21,252		48,795		48,037
Total current liabilities	1,658,421		1,513,450		1,276,907
Noncurrent Liabilities
Long-term debt	2,852,751		2,856,773		2,846,751
Noncurrent lease liabilities	251,957		273,906		270,853
Other noncurrent liabilities	436,459		419,696		439,001
Total noncurrent liabilities	3,541,167		3,550,375		3,556,605
Stockholders' Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369		441,369		441,369
Additional paid-in capital	1,823,742		1,811,214		1,825,569
Treasury stock at cost: 93.3 million shares, 94.7 million shares, and 94.6 million shares, respectively	(2,283,992)		(2,321,012)		(2,318,921)
Retained earnings	1,409,262		1,413,006		1,413,181
Accumulated other comprehensive loss	(985,874)		(880,821)		(869,484)
Total stockholders' equity	404,507		463,756		491,714
Total Liabilities and Stockholders' Equity	$	5,604,095	$	5,527,581	$	5,325,226

The accompanying notes are an integral part of these consolidated financial statements.

MATTEL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS


	For the Three Months Ended				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
	(Unaudited; in thousands, except per share amounts)
Net Sales	$	1,631,691	$	1,481,557	$	2,957,897	$	3,030,866
Cost of sales	799,307		795,130		1,549,482		1,763,265
Gross Profit	832,384		686,427		1,408,415		1,267,601
Advertising and promotion expenses	102,527		170,379		238,981		324,333
Other selling and administrative expenses	345,700		365,961		981,229		971,608
Operating Income (Loss)	384,157		150,087		188,205		(28,340)
Interest expense	50,415		47,689		149,010		140,881
Interest (income)	(455)		(821)		(3,564)		(4,625)
Other non-operating (income) expense, net	(3,877)		1,264		(133)		2,874
Income (Loss) Before Income Taxes	338,074		101,955		42,892		(167,470)
Provision for income taxes	22,080		31,359		46,811		46,217
Net Income (Loss)	$	315,994	$	70,596	$	(3,919)	$	(213,687)
Net Income (Loss) Per Common Share - Basic	$	0.91	$	0.20	$	(0.01)	$	(0.62)
Weighted-average number of common shares	347,628		346,698		347,206		346,210
Net Income (Loss) Per Common Share - Diluted	$	0.91	$	0.20	$	(0.01)	$	(0.62)
Weighted-average number of common and potential common shares	348,714		348,487		347,206		346,210

The accompanying notes are an integral part of these consolidated financial statements.

MATTEL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)


	For the Three Months Ended				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
	(Unaudited; in thousands)
Net Income (Loss)	$	315,994	$	70,596	$	(3,919)	$	(213,687)
Other Comprehensive Loss, Net of Tax
Currency translation adjustments	13,032		(46,722)		(105,759)		(33,759)
Employee benefit plan adjustments	1,291		883		4,869		1,730
Net unrealized gains (losses) on available-for-sale security	178		(1,922)		293		(1,989)
Net unrealized (losses) gains on derivative instruments:
Unrealized holding (losses) gains	(15,709)		12,996		(1,815)		22,068
Amounts reclassified from accumulated other comprehensive loss	(7,069)		(6,394)		(13,978)		(9,645)
	(22,778)		6,602		(15,793)		12,423
Other Comprehensive Loss, Net of Tax	(8,277)		(41,159)		(116,390)		(21,595)
Comprehensive Income (Loss)	$	307,717	$	29,437	$	(120,309)	$	(235,282)

The accompanying notes are an integral part of these consolidated financial statements.

MATTEL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS


	For the Nine Months Ended
	September 30, 2020		September 30, 2019
	(Unaudited; in thousands)
Cash Flows From Operating Activities
Net loss	$	(3,919)	$	(213,687)
Adjustments to reconcile net loss to net cash flows used for operating activities:
Depreciation	120,073		156,252
Amortization	29,465		30,162
Asset impairments	8,550		9,344



Share-based compensation	39,946		39,140
Bad debt expense	7,822		2,869
Inventory obsolescence	31,068		56,913

Deferred income taxes	8,777		(13,424)
Changes in assets and liabilities:
Accounts receivable	(429,584)		(337,530)
Inventories	(211,149)		(229,524)
Prepaid expenses and other current assets	18,979		14,703
Accounts payable, accrued liabilities, and income taxes payable	(40,082)		(29,026)
Other, net	(13,923)		147
Net cash flows used for operating activities	(433,977)		(513,661)
Cash Flows From Investing Activities
Purchases of tools, dies, and molds	(41,447)		(36,715)
Purchases of other property, plant, and equipment	(49,016)		(38,962)

Payments for foreign currency forward exchange contracts, net	(26,982)		(3,394)

Other, net	2,283		702
Net cash flows used for investing activities	(115,162)		(78,369)
Cash Flows From Financing Activities

Proceeds from short-term borrowings, net	400,000		225,824






Other, net	(6,580)		(7,523)
Net cash flows provided by financing activities	393,420		218,301
Effect of Currency Exchange Rate Changes on Cash	(22,142)		(2,454)
Decrease in Cash and Equivalents	(177,861)		(376,183)
Cash and Equivalents at Beginning of Period	630,028		594,481
Cash and Equivalents at End of Period	$	452,167	$	218,298

The accompanying notes are an integral part of these consolidated financial statements.

MATTEL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY


	Common Stock		Additional Paid-In Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Total Stockholders' Equity
	(Unaudited; in thousands)
Balance, December 31, 2019	$	441,369	$	1,825,569	$	(2,318,921)	$	1,413,181	$	(869,484)	$	491,714

Net loss	—		—		—		(210,741)		—		(210,741)
Other comprehensive loss, net of tax	—		—		—		—		(136,399)		(136,399)

Issuance of treasury stock for restricted stock units vesting	—		(3,777)		2,811		—		—		(966)

Share-based compensation	—		14,275		—		—		—		14,275


Balance, March 31, 2020	$	441,369	$	1,836,067	$	(2,316,110)	$	1,202,440	$	(1,005,883)	$	157,883

Net loss	—		—		—		(109,172)		—		(109,172)
Other comprehensive income, net of tax	—		—		—		—		28,286		28,286

Issuance of treasury stock for restricted stock units vesting	—		(944)		833		—		—		(111)
Deferred compensation	—		(186)		310		—		—		124
Share-based compensation	—		9,138		—		—		—		9,138
Balance, June 30, 2020	$	441,369	$	1,844,075	$	(2,314,967)	$	1,093,268	$	(977,597)	$	86,148
Net income	—		—		—		315,994		—		315,994
Other comprehensive loss, net of tax	—		—		—		—		(8,277)		(8,277)
Issuance of treasury stock for restricted stock units vesting	—		(36,865)		30,975		—		—		(5,890)

Share-based compensation	—		16,532		—		—		—		16,532

Balance, September 30, 2020	$	441,369	$	1,823,742	$	(2,283,992)	$	1,409,262	$	(985,874)	$	404,507











	Common Stock		Additional Paid-In Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Total Stockholders' Equity
	(Unaudited; in thousands)
Balance, December 31, 2018	$	441,369	$	1,812,682	$	(2,354,617)	$	1,626,693	$	(859,226)	$	666,901
Net loss	—		—		—		(176,296)		—		(176,296)
Other comprehensive income, net of tax	—		—		—		—		21,292		21,292
Issuance of treasury stock for restricted stock units vesting	—		(1,829)		1,442		—		—		(387)
Share-based compensation	—		11,865		—		—		—		11,865
Balance, March 31, 2019	$	441,369	$	1,822,718	$	(2,353,175)	$	1,450,397	$	(837,934)	$	523,375

Net loss	—		—		—		(107,987)		—		(107,987)
Other comprehensive loss, net of tax	—		—		—		—		(1,728)		(1,728)

Issuance of treasury stock for restricted stock units vesting	—		(3,060)		3,025		—		—		(35)
Deferred compensation	—		(151)		276		—		—		125
Share-based compensation	—		12,445		—		—		—		12,445


Balance, June 30, 2019	$	441,369	$	1,831,952	$	(2,349,874)	$	1,342,410	$	(839,662)	$	426,195

Net income	—		—		—		70,596		—		70,596
Other comprehensive loss, net of tax	—		—		—		—		(41,159)		(41,159)

Issuance of treasury stock for restricted stock units vesting	—		(35,569)		28,862		—		—		(6,707)

Share-based compensation	—		14,831		—		—		—		14,831


Balance, September 30, 2019	$	441,369	$	1,811,214	$	(2,321,012)	$	1,413,006	$	(880,821)	$	463,756

The accompanying notes are an integral part of these consolidated financial statements.

MATTEL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Basis of Presentation

The accompanying unaudited consolidated financial statements and related disclosures have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments, consisting of only those of a normal recurring nature, considered necessary for a fair statement of the financial position and interim results of Mattel, Inc. and its subsidiaries ("Mattel") as of and for the periods presented have been included.

The December 31, 2019 balance sheet data was derived from audited financial statements; however, the accompanying interim notes to the consolidated financial statements do not include all of the annual disclosures required by GAAP. As Mattel's business is seasonal, results for interim periods are not necessarily indicative of those that may be expected for a full year. The financial information included herein should be read in conjunction with Mattel's consolidated financial statements and related notes in the 2019 Annual Report on Form 10-K.

2. Accounts Receivable

Mattel estimates current expected credit losses based on collection history and management’s assessment of the current economic trends, business environment, customers’ financial condition, accounts receivable aging, and customer disputes that may impact the level of future credit losses. Accounts receivable are net of allowances for credit losses of $18.5 million, $22.4 million, and $18.5 million as of September 30, 2020, September 30, 2019, and December 31, 2019, respectively.

3. Inventories

Inventories include the following:


	September 30, 2020		September 30, 2019		December 31, 2019
	(In thousands)
Raw materials and work in process	$	113,248	$	107,562	$	103,123
Finished goods	550,391		594,005		392,381
	$	663,639	$	701,567	$	495,504

4. Property, Plant, and Equipment

Property, plant, and equipment, net includes the following:


	September 30, 2020		September 30, 2019		December 31, 2019
	(In thousands)
Land	$	24,906	$	25,086	$	25,112
Buildings	297,067		299,489		302,956
Machinery and equipment	750,118		866,002		812,509
Software	374,596		413,903		364,391
Tools, dies, and molds	608,301		801,064		747,706
Leasehold improvements	172,095		211,455		183,250
	2,227,083		2,616,999		2,435,924
Less: accumulated depreciation	(1,729,646)		(2,044,730)		(1,885,785)
	$	497,437	$	572,269	$	550,139

During the three months ended December 31, 2019, in conjunction with the Capital Light program, as further discussed in "Note 19 to the Consolidated Financial Statements—Restructuring Charges," Mattel discontinued production at one of its plants based in Mexico and has committed to a plan to dispose of the land and building. These assets meet the held for sale criteria and are actively being marketed for sale. The estimated fair value of the land and building, less costs to dispose, was determined to exceed its net book value of $8.4 million and $12.1 million as of September 30, 2020 and December 31, 2019, respectively, and are included within property, plant and equipment, net in the consolidated balance sheets.

5. Goodwill

Goodwill is allocated to various reporting units, which are at the operating segment level, for the purpose of evaluating whether goodwill is impaired. Mattel's reporting units are: (i) North America, (ii) International, and (iii) American Girl. Mattel tests its goodwill for impairment annually in the third quarter and whenever events or changes in circumstances indicate that the carrying value of a reporting unit may exceed its fair value.

In the third quarter of 2020, Mattel performed its annual impairment test and determined that goodwill was not impaired. The change in the carrying amount of goodwill by operating segment for the nine months ended September 30, 2020 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the North America segment, thereby causing a foreign currency translation impact.


	December 31, 2019		Currency Exchange Rate Impact		September 30, 2020
	(In thousands)
North America	$	732,430	$	(759)	$	731,671
International	450,713		(2,695)		448,018
American Girl	207,571		—		207,571
	$	1,390,714	$	(3,454)	$	1,387,260

6. Other Noncurrent Assets

Other noncurrent assets include the following:


	September 30, 2020		September 30, 2019		December 31, 2019
	(In thousands)
Identifiable intangible assets (net of accumulated amortization of $277.5 million, $238.1 million, and $248.0 million, respectively)	$	519,861	$	552,332	$	553,114
Deferred income taxes	60,850		63,551		67,900

Mattel's amortizable intangible assets primarily consist of trademarks. Mattel tests its amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Mattel's amortizable intangible assets were not impaired during the three and nine months ended September 30, 2020 and 2019.

7. Accrued Liabilities

Accrued liabilities include the following:


	September 30, 2020		September 30, 2019		December 31, 2019
	(In thousands)
Incentive compensation	$	97,635	$	65,220	$	122,923
Current lease liabilities	85,120		73,297		74,065
Advertising and promotion	98,597		117,561

Price	11.26	EPS	-1
Shares	348	P/E	-19
MCap	3,924	P/FCF	-8
Net Debt	2,682	EBIT	-16
TEV	6,606	TEV/EBIT	-423
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-09-30	Filed 2020-11-03
10-Q	2020-06-30	Filed 2020-08-10
10-Q	2020-03-31	Filed 2020-05-06
10-K	2019-12-31	Filed 2020-02-25
10-Q	2019-09-30	Filed 2019-11-12
10-Q	2019-06-30	Filed 2019-07-26
10-Q	2019-03-31	Filed 2019-04-26
10-K	2018-12-31	Filed 2019-02-22
10-Q	2018-09-30	Filed 2018-10-25
10-Q	2018-06-30	Filed 2018-07-25
10-Q	2018-03-31	Filed 2018-04-26
10-K	2017-12-31	Filed 2018-02-27
10-Q	2017-09-30	Filed 2017-10-26
10-Q	2017-06-30	Filed 2017-08-02
10-Q	2017-03-31	Filed 2017-04-27
10-K	2016-12-31	Filed 2017-02-23
10-Q	2016-09-30	Filed 2016-10-27
10-Q	2016-06-30	Filed 2016-07-28
10-Q	2016-03-31	Filed 2016-04-28
10-K	2015-12-31	Filed 2016-02-25
10-Q	2015-09-30	Filed 2015-10-27
10-Q	2015-06-30	Filed 2015-07-28
10-Q	2015-03-31	Filed 2015-04-28
10-K	2014-12-31	Filed 2015-02-25
10-Q	2014-09-30	Filed 2014-10-28
10-Q	2014-06-30	Filed 2014-07-29
10-Q	2014-03-31	Filed 2014-04-29
10-K	2013-12-31	Filed 2014-02-26
10-Q	2013-09-30	Filed 2013-10-24
10-Q	2013-06-30	Filed 2013-07-25
10-Q	2013-03-31	Filed 2013-04-22
10-K	2012-12-31	Filed 2013-02-26
10-Q	2012-09-30	Filed 2012-10-24
10-Q	2012-06-30	Filed 2012-07-25
10-Q	2012-03-31	Filed 2012-04-25
10-K	2011-12-31	Filed 2012-02-23
10-Q	2011-09-30	Filed 2011-10-26
10-Q	2011-06-30	Filed 2011-07-20
10-Q	2011-03-31	Filed 2011-04-27
10-K	2010-12-31	Filed 2011-02-24
10-Q	2010-09-30	Filed 2010-10-27
10-Q	2010-06-30	Filed 2010-07-28
10-Q	2010-03-31	Filed 2010-04-28
10-K	2009-12-31	Filed 2010-02-24

8-K	2020-10-22
8-K	2020-07-23
8-K	2020-07-21
8-K	2020-06-19
8-K	2020-06-10
8-K	2020-05-04
8-K	2020-04-15
8-K	2020-02-13
8-K	2019-11-20
8-K	2019-11-18
8-K	2019-11-18
8-K	2019-10-23
8-K	2019-10-01
8-K	2019-08-06
8-K	2019-08-01
8-K	2019-08-01
8-K	2019-07-25
8-K	2019-05-16
8-K	2019-04-25
8-K	2019-04-15
8-K	2019-02-27
8-K	2019-02-07
8-K	2018-12-14
8-K	2018-10-25
8-K	2018-10-10
8-K	2018-09-13
8-K	2018-08-22
8-K	2018-08-13
8-K	2018-08-07
8-K	2018-07-25
8-K	2018-06-11
8-K	2018-05-31
8-K	2018-05-23
8-K	2018-05-21
8-K	2018-05-17
8-K	2018-05-03
8-K	2018-04-26
8-K	2018-04-17
8-K	2018-04-03
8-K	2018-03-28
8-K	2018-03-20
8-K	2018-02-26
8-K	2018-02-08
8-K	2018-02-01
8-K	2018-01-30
8-K	2018-01-02

EX-31.0	mat93020ex310.htm
EX-31.1	mat93020ex311.htm
EX-32.0	mat93020ex320.htm


		Page

	PART I

Item 1.	Financial Statements	4

	Consolidated Balance Sheets	4

	Consolidated Statements of Operations	5

	Consolidated Statements of Comprehensive Income (Loss )	6

	Consolidated Statements of Cash Flows	7

	Consolidated Statements of Stockholders' Equity	8

	Notes to Consolidated Financial Statements	9

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	30

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	48

Item 4.	Controls and Procedures	49

	PART II

Item 1.	Legal Proceedings	50

Item 1A.	Risk Factors	50

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	52

Item 3.	Defaults Upon Senior Securities	52

Item 4.	Mine Safety Disclosures	52

Item 5.	Other Information	52

Item 6.	Exhibits	53

	Signature	54

MAT 10Q Quarterly Report

Mattel Earnings 2020-09-30