strategic-management

270 PART 3 • STRATEGY IMPLEMENTATION
TABLE 8-10 Mattel’s Actual Balance Sheets (in thousands)
Assets
Current Assets
2006 2005 2004
Cash and Cash Equivalents $1,205,552 997,734 1,156,835
Short-Term Investments - - -
Net Receivables 943,813 760,643 759,033
Inventory 383,149 376,897 418,633
Other Current Assets 317,624 277,226 302,649
Total Current Assets 2,850,138 2,412,500 2,637,150
Long-Term Investments - - -
Property, Plant, and Equipment 536,749 547,104 586,526
Goodwill 845,324 718,069 735,680
Intangible Assets 70,593 20,422 22,926
Accumulated Amortization - - -
Other Assets 149,912 178,304 201,836
Deferred Long-Term Asset Charges 503,168 495,914 572,374
Total Assets $4,955,884 4,372,313 4,756,492
Liabilities
Current Liabilities
Accounts Payable $1,518,234 1,245,191 1,303,822
Short/Current Long-Term Debt 64,286 217,994 423,349
Other Current Liabilities - - -
Total Current Liabilities 1,582,520 1,463,185 1,727,171
Long-Term Debt 635,714 525,000 400,000
Other Liabilities 304,676 282,395 243,509
Deferred Long-Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 2,522,910 2,270,580 2,370,680
Stockholders’ Equity
Misc. Stocks, Options, Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 441,369 441,369 441,369
Retained Earnings 1,652,140 1,314,068 1,093,288
Treasury Stock (996,981) (935,711) (473,349)
Capital Surplus 1,613,307 1,589,281 1,594,332
Other Stockholders’ Equity (276,861) (307,274) (269,828)
Total Stockholders’ Equity 2,432,974 2,101,733 2,385,812
Total Liabilities and SE $4,955,884 4,372,313 4,756,492
Tables 8-11 and 8-12, so that the seven strategy statements above can be more readily seen
on respective rows. Note the author’s comments on Tables 8-11 and 8-12 that help explain
changes in the numbers.
The U.S. Securities and Exchange Commission (SEC) conducts fraud investigations
if projected numbers are misleading or if they omit information that’s important
to investors. Projected statements must conform with generally accepted accounting
principles (GAAP) and must not be designed to hide poor expected results. The