Mattel Inc. (MAT) financial statements: income statement, balance sheet and cash flow
Mattel Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Mattel Inc. reported revenue of $5.3B (-0.6% year on year) and net income of $397.6M (-26.6% year on year).
Income statement
Mattel Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Sales
$5.3B
$5.4B
$5.4B
$5.4B
Cost of sales
$2.7B
$2.6B
$2.9B
$3.0B
Gross Profit
$2.6B
$2.7B
$2.6B
$2.5B
Advertising and promotion expenses
$522.0M
$507.3M
$524.8M
$534.3M
Other selling and administrative expenses
$1.5B
$1.5B
$1.5B
$1.3B
Operating Income
$546.4M
$694.3M
$561.7M
$675.5M
Interest expense
$118.7M
$118.8M
$123.8M
$132.8M
Interest (income)
($45.0M)
($51.5M)
($25.2M)
($9.4M)
Other non-operating expense (income), net
$13.3M
$4.5M
($2.3M)
$47.8M
Income Before Income Taxes
$459.5M
$622.5M
$465.4M
$504.3M
Provision for income taxes
$89.8M
$105.6M
$269.5M
$135.9M
(Income) from equity method investments
($27.9M)
($24.9M)
($18.4M)
($25.4M)
Net Income
$397.6M
$541.8M
$214.4M
$393.9M
Net Income Per Common Share - Basic (USD per share)
$1.25
$1.59
$0.61
$1.11
Weighted-average number of common shares (in shares)
318.2M
340.4M
353.6M
353.8M
Net Income Per Common Share - Diluted (USD per share)
$1.24
$1.58
$0.60
$1.10
Weighted-average number of common and potential common shares (in shares)
321.8M
343.3M
357.1M
359.6M
Mattel Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net Sales
$1.1B
$862.2M
$1.7B
$1.0B
Cost of sales
$583.2M
$475.4M
$867.7M
$499.6M
Gross Profit
$542.1M
$386.8M
$868.3M
$519.0M
Advertising and promotion expenses
$124.3M
$92.9M
$118.1M
$79.1M
Other selling and administrative expenses
$406.9M
$396.6M
$370.3M
$361.3M
Operating Income (Loss)
$10.9M
($102.7M)
$379.8M
$78.5M
Interest expense
$31.8M
$31.1M
$29.4M
$29.4M
Interest (income)
($7.0M)
($10.7M)
($9.0M)
($12.4M)
Other non-operating expense (income), net
$4.1M
($148.1M)
$965.0K
($1.4M)
(Loss) Income Before Income Taxes
($18.0M)
$25.0M
$358.5M
$62.9M
Provision for (benefit from) income taxes
$228.0K
($32.5M)
$86.9M
$16.2M
Income from equity method investments
$0
($3.6M)
($6.7M)
($6.6M)
Net (Loss) Income
($18.2M)
$61.0M
$278.4M
$53.4M
Net (Loss) Income Per Common Share - Basic (USD per share)
-$0.06
$0.21
$0.88
$0.16
Weighted-average number of common shares (in shares)
288.9M
297.5M
315.8M
323.5M
Net (Loss) Income Per Common Share - Diluted (USD per share)
-$0.06
$0.20
$0.88
$0.16
Weighted-average number of common and potential common shares (in shares)
288.9M
301.0M
318.1M
325.5M
Balance sheet
Mattel Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and equivalents
$1.2B
$1.4B
$1.3B
$761.2M
Accounts receivable, net of allowances for credit losses of $17.4 million and $8.2 million in 2025 and 2024, respectively
$1.1B
$1.0B
$1.1B
$860.2M
Inventories
$563.1M
$501.7M
$571.6M
$894.1M
Prepaid expenses and other current assets
$227.1M
$234.1M
$207.5M
$213.5M
Total current assets
$3.1B
$3.1B
$3.1B
$2.7B
Property, plant, and equipment, net
$590.0M
$516.0M
$465.5M
$469.1M
Right-of-use assets, net
$319.5M
$326.4M
$313.2M
$318.7M
Goodwill
$1.4B
$1.4B
$1.4B
$1.4B
Deferred income tax assets
$312.9M
$296.9M
$299.2M
$471.7M
Identifiable intangible assets, net
$337.1M
$360.6M
$393.0M
$425.1M
Other noncurrent assets
$559.8M
$535.6M
$458.1M
$385.5M
Total Assets
$6.6B
$6.5B
$6.4B
$6.2B
Accounts payable
$555.4M
$399.0M
$442.3M
$471.5M
Accrued liabilities
$872.9M
$878.7M
$866.3M
$678.7M
Income taxes payable
$29.9M
$38.0M
$33.9M
$37.6M
Total current liabilities
$1.5B
$1.3B
$1.3B
$1.2B
Long-term debt
$2.3B
$2.3B
$2.3B
$2.3B
Noncurrent lease liabilities
$268.4M
$278.2M
$259.5M
$271.4M
Other noncurrent liabilities
$349.1M
$351.7M
$354.6M
$336.6M
Total noncurrent liabilities
$2.9B
$3.0B
$2.9B
$2.9B
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued
441.4M
441.4M
441.4M
441.4M
Additional paid-in capital
$1.8B
$1.8B
$1.8B
$1.8B
Treasury stock at cost: 140.0 million shares and 111.4 million shares in 2025 and 2024, respectively
-3.1B
-2.6B
-2.2B
-2.1B
Retained earnings
$4.0B
$3.6B
$3.1B
$2.8B
Accumulated other comprehensive loss
($890.6M)
($994.5M)
($905.0M)
($911.5M)
Total stockholders' equity
$2.2B
$2.3B
$2.1B
$2.1B
Total Liabilities and Stockholders' Equity
$6.6B
$6.5B
$6.4B
$6.2B
Mattel Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and equivalents
$523.9M
$866.0M
$691.9M
$870.5M
Accounts receivable, net of allowances for credit losses of $9.6 million, $8.6 million, and $17.4 million, respectively
$820.3M
$686.7M
$1.4B
$792.5M
Inventories
$829.8M
$676.9M
$826.6M
$867.9M
Prepaid expenses and other current assets
$279.4M
$262.5M
$246.9M
$268.2M
Total current assets
$2.5B
$2.5B
$3.2B
$2.8B
Property, plant, and equipment, net
$635.6M
$620.7M
$542.4M
$527.3M
Right-of-use assets, net
$384.7M
$314.0M
$305.4M
$313.8M
Goodwill
$1.6B
$1.6B
$1.4B
$1.4B
Deferred income tax assets
$332.2M
$332.5M
$302.0M
$307.1M
Identifiable intangible assets, net
$471.7M
$486.3M
$344.7M
$354.2M
Other noncurrent assets
$497.1M
$500.2M
$553.4M
$555.4M
Total Assets
$6.4B
$6.3B
$6.6B
$6.2B
Current portion of long-term debt
$0
—
$599.2M
$598.9M
Accounts payable
$448.0M
$373.3M
$492.8M
$419.5M
Accrued liabilities
$834.7M
$821.1M
$829.7M
$703.5M
Income taxes payable
$7.1M
$16.3M
$52.8M
$4.2M
Total current liabilities
$1.3B
$1.2B
$2.0B
$1.7B
Long-term debt
$2.3B
$2.3B
$1.7B
$1.7B
Noncurrent lease liabilities
$334.7M
$262.8M
$254.7M
$264.9M
Other noncurrent liabilities
$400.5M
$417.0M
$364.5M
$348.4M
Total noncurrent liabilities
$3.1B
$3.0B
$2.4B
$2.4B
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued
441.4M
441.4M
441.4M
441.4M
Additional paid-in capital
$1.7B
$1.8B
$1.8B
$1.8B
Treasury stock at cost: 155.7 million shares, 119.1 million shares, and 140.0 million shares, respectively
-3.4B
-3.3B
-2.9B
-2.7B
Retained earnings
$4.0B
$4.1B
$3.9B
$3.6B
Accumulated other comprehensive loss
($879.9M)
($883.3M)
($923.2M)
($916.9M)
Total stockholders' equity
$2.0B
$2.1B
$2.3B
$2.2B
Total Liabilities and Stockholders' Equity
$6.4B
$6.3B
$6.6B
$6.2B
Cash flow statement
Mattel Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income
$397.6M
$541.8M
$214.4M
$393.9M
Depreciation
$136.5M
$136.6M
$139.5M
$144.6M
Amortization of intangibles
$31.5M
$31.3M
$37.9M
—
Share-based compensation
$79.7M
$79.4M
$83.3M
$69.1M
Inventory obsolescence
$38.4M
$45.9M
$63.7M
$64.9M
Deferred income taxes
($19.4M)
($24.2M)
$176.4M
$69.5M
Income from equity method investments
($27.9M)
($24.9M)
($18.4M)
($25.4M)
Content asset amortization
$50.2M
$78.0M
$51.8M
—
Accounts receivable, net
($60.5M)
$21.4M
($198.3M)
$197.9M
Inventories
($56.6M)
($24.5M)
$261.3M
($203.5M)
Prepaid expenses and other current assets
($5.6M)
($11.2M)
$8.2M
($12.0M)
Accounts payable, accrued liabilities, and income taxes payable
$65.4M
$49.6M
$135.8M
($320.4M)
Content asset spend
($19.7M)
($25.6M)
($58.1M)
—
Other, net
($16.4M)
($79.1M)
($27.2M)
($10.0M)
Net cash flows provided by operating activities
$593.3M
$800.6M
$869.8M
$442.8M
Purchases of tools, dies, and molds
($71.4M)
($67.4M)
($74.5M)
($80.2M)
Purchases of other property, plant, and equipment
($110.6M)
($135.2M)
($85.8M)
($106.3M)
Proceeds from foreign currency forward exchange contracts, net
$8.6M
$7.3M
$14.9M
($520.0K)
Other, net
$18.4M
$4.2M
($3.9M)
$4.7M
Net cash flows used for investing activities
($154.9M)
($189.0M)
($142.4M)
($144.2M)
Proceeds from long-term borrowings, net
$592.4M
—
$0
$0
Payments of long-term borrowings
($600.0M)
$0
$0
($250.0M)
Share repurchases
($600.0M)
($400.0M)
($203.0M)
—
Tax withholdings for share-based compensation
($16.9M)
($19.7M)
($35.1M)
($30.4M)
Proceeds from stock option exercises
$9.8M
$6.3M
$26.7M
$27.8M
Other, net
($5.9M)
($36.0M)
($15.2M)
($7.9M)
Net cash flows used for financing activities
($620.6M)
($449.4M)
($226.6M)
($260.6M)
Effect of Currency Exchange Rate Changes on Cash and Equivalents
$37.3M
($35.6M)
($678.0K)
($8.1M)
Change in Cash and Equivalents
($145.0M)
$126.5M
$500.1M
$29.9M
Cash and Equivalents at Beginning of Period
$1.4B
$1.3B
$761.2M
$731.4M
Cash and Equivalents at End of Period
$1.2B
$1.4B
$1.3B
$761.2M
Cash paid during the year for interest
$115.8M
$114.3M
$117.7M
$129.2M
Mattel Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$42.8M
$61.0M
$291.4M
$13.0M
Depreciation
$67.6M
$33.7M
$102.4M
$68.7M
Amortization of intangible assets
$25.1M
$10.3M
$23.6M
$15.7M
Share-based compensation
$32.9M
$13.0M
$61.0M
$38.6M
Inventory obsolescence
$10.0M
$6.0M
$22.4M
$14.4M
Deferred income taxes
($6.7M)
($8.1M)
($3.0M)
($10.8M)
Income from equity method investments
($3.6M)
($3.6M)
($21.8M)
($15.1M)
Content assets amortization
$7.2M
$4.0M
$45.6M
$36.3M
(Gain) on remeasurement of previously held equity interest
($147.9M)
($147.9M)
—
—
Accounts receivable, net
$294.8M
$431.9M
($358.0M)
$239.0M
Inventories
($291.2M)
($128.4M)
($306.4M)
($327.7M)
Prepaid expenses and other current assets
($57.0M)
($46.0M)
($22.4M)
($18.5M)
Accounts payable, accrued liabilities, and income taxes payable
($233.1M)
($306.5M)
$6.2M
($277.0M)
Content assets spend
($11.2M)
($3.7M)
($13.4M)
($9.3M)
Other, net
$68.2M
$61.4M
($30.9M)
($42.6M)
Net cash flows used for operating activities
($202.1M)
($22.9M)
($203.3M)
($275.3M)
Purchases of tools, dies, and molds
($38.6M)
($20.2M)
($49.9M)
($32.0M)
Purchases of other property, plant, and equipment
($87.2M)
($44.9M)
($74.9M)
($44.0M)
Payments for acquisitions, net of cash acquired
($74.8M)
($74.8M)
—
—
Other, net
$5.4M
($3.7M)
$18.0M
$12.6M
Net cash flows used for investing activities
($195.3M)
($143.6M)
($97.5M)
($54.6M)
Share repurchases
($300.0M)
($200.0M)
($412.5M)
($210.0M)
Tax withholdings for share-based compensation
($23.4M)
($9.5M)
($15.1M)
($14.5M)
Proceeds from stock option exercises
$3.4M
$3.4M
$5.5M
$4.8M
Other, net
($3.0M)
($2.1M)
($4.2M)
($2.7M)
Net cash flows used for financing activities
($323.0M)
($208.3M)
($426.3M)
($222.4M)
Effect of Currency Exchange Rate Changes on Cash and Equivalents