https:\/\/investors.mattel.com\/<\/a>, under the subheading \u201cFinancial Information \u2013 Quarterly Earnings.\u201d<\/p>\nAdjusted Gross Profit and Adjusted Gross Margin<\/i><\/p>\n
\nAdjusted Gross Profit and Adjusted Gross Margin represent reported Gross Profit and reported Gross Margin, respectively, adjusted to exclude severance and restructuring expenses. Adjusted Gross Margin represents Mattel\u2019s Adjusted Gross Profit, as a percentage of Net Sales. Adjusted Gross Profit and Adjusted Gross Margin are presented to provide additional perspective on underlying trends in Mattel\u2019s core Gross Profit and Gross Margin, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel\u2019s current business performance from one period to another.<\/p>\n
Adjusted Other Selling and Administrative Expenses<\/i><\/p>\n
\nAdjusted Other Selling and Administrative Expenses represents Mattel\u2019s reported Other Selling and Administrative Expenses, adjusted to exclude severance and restructuring expenses and the impact of the inclined sleeper product recalls, which are not part of Mattel\u2019s core business. Adjusted Other Selling and Administrative Expenses is presented to provide additional perspective on underlying trends in Mattel\u2019s core other selling and administrative expenses, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel\u2019s current business performance from one period to another.<\/p>\n
Adjusted Operating (Loss) Income and Adjusted Operating (Loss)Income Margin<\/i><\/p>\n
\nAdjusted Operating (Loss) Income and Adjusted Operating (Loss) Income Margin represent reported Operating (Loss) Income and reported Operating (Loss) Income Margin, respectively, adjusted to exclude severance and restructuring expenses and the impact of the inclined sleeper product recalls, which are not part of Mattel\u2019s core business. Adjusted Operating (Loss) Income Margin represents Mattel\u2019s Adjusted Operating (Loss) Income, as a percentage of Net Sales. Adjusted Operating (Loss) Income and Adjusted Operating (Loss) Income Margin are presented to provide additional perspective on underlying trends in Mattel\u2019s core operating results, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel\u2019s current business performance from one period to another.<\/p>\n
Adjusted Earnings Per Share<\/i><\/p>\n
\nAdjusted Earnings Per Share represents Mattel\u2019s reported Diluted Earnings Per Common Share, adjusted to exclude severance and restructuring expenses, the impact of the inclined sleeper product recalls, the impact of sale of assets\/business, and loss on liquidation of Argentina subsidiary, which are not part of Mattel\u2019s core business. The aggregate tax effect of the adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments, and dividing by the reported weighted-average number of common shares. Adjusted Earnings Per Share is presented to provide additional perspective on underlying trends in Mattel\u2019s core business. Mattel believes it is useful supplemental information for investors to gauge and compare Mattel\u2019s current earnings results from one period to another. Adjusted Earnings Per Share is a performance measure and should not be used as a measure of liquidity.<\/p>\n
EBITDA and Adjusted EBITDA<\/i><\/p>\n
\nEBITDA represents Mattel\u2019s Net Income, adjusted to exclude the impact of interest expense, taxes, depreciation, and amortization. Adjusted EBITDA represents EBITDA adjusted to exclude share-based compensation, severance and restructuring expenses, the impact of the inclined sleeper product recalls, the impact of sale of assets\/business, and loss on liquidation of Argentina subsidiary, which are not part of Mattel\u2019s core business. Mattel believes EBITDA and Adjusted EBITDA are useful supplemental information for investors to gauge and compare Mattel\u2019s business performance to other companies in its industry with similar capital structures. The presentation of Adjusted EBITDA differs from how Mattel calculates EBITDA for purposes of covenant compliance under the indentures governing its high yield senior notes and the syndicated facility agreement governing its senior secured revolving credit facilities. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to invest in the growth of Mattel\u2019s business. As a result, Mattel relies primarily on its GAAP results and uses EBITDA and Adjusted EBITDA only supplementally.<\/p>\n
Free Cash Flow and Free Cash Flow Conversion<\/i><\/p>\n
\nFree Cash Flow represents Mattel\u2019s net cash flows from operating activities less capital expenditures. Free Cash Flow Conversion represents Mattel\u2019s free cash flow divided by Adjusted EBITDA. Mattel believes Free Cash Flow and Free Cash Flow Conversion are useful supplemental information for investors to gauge Mattel\u2019s liquidity and performance and to compare Mattel\u2019s business performance to other companies in our industry. Free Cash Flow does not represent cash available to Mattel for discretionary expenditures.<\/p>\n
Leverage Ratio (Total Debt \/ Adjusted EBITDA)<\/i><\/p>\n
\nThe leverage ratio is calculated by dividing Total Debt by Adjusted EBITDA. Total Debt represents the aggregate of Mattel\u2019s current portion of long-term debt, short-term borrowings, and long-term debt, excluding the impact of debt issuance costs and debt discount. Mattel believes the leverage ratio is useful supplemental information for investors to gauge trends in Mattel\u2019s business and to compare Mattel\u2019s business performance to other companies in its industry.<\/p>\n
Net Debt<\/i><\/p>\n
\nNet Debt represents the aggregate of Mattel\u2019s current portion of long-term debt, short-term borrowings, and long-term debt, less cash and cash equivalents. Mattel believes Net Debt is useful supplemental information for investors to monitor Mattel\u2019s liquidity and evaluate its balance sheet.<\/p>\n
Adjusted Tax Rate<\/i><\/p>\n
\nThe Adjusted Tax Rate is calculated by dividing Adjusted (Benefit) Provision for Income Taxes by Adjusted (Loss) Income Before Income Taxes. Adjusted (Loss) Income Before Income Taxes represents reported (Loss) Income Before Income Taxes, adjusted to exclude severance and restructuring expenses, the impact of inclined sleeper product recalls, the impact of sale of assets\/business, and loss on liquidation of Argentina subsidiary. The Adjusted (Benefit) Provision for Income Taxes represents reported (Benefit) Provision for Income Taxes, adjusted to exclude the aggregate tax effect of adjustments. Mattel believes the adjusted tax rate provides useful supplemental information for investors to gauge and compare the impact of tax expense on Mattel’s earnings results from one period to another.<\/p>\n
Constant Currency<\/i><\/p>\n
\nPercentage changes in results expressed in constant currency are presented excluding the impact from changes in currency exchange rates. To present this information, Mattel calculates constant currency information by translating current period and prior period results for entities reporting in currencies other than the US dollar using consistent exchange rates. The constant currency exchange rates are determined by Mattel at the beginning of each year and are applied consistently during the year. They are generally different from the actual exchange rates in effect during the current or prior period due to volatility in actual foreign exchange rates. Mattel considers whether any changes to the constant currency rates are appropriate at the beginning of each year. The exchange rates used for these constant currency calculations are generally based on prior year actual exchange rates. The difference between the current period and prior period results using the consistent exchange rates reflects the changes in the underlying performance results, excluding the impact from changes in currency exchange rates. Mattel analyzes constant currency results to provide additional perspective on changes in underlying trends in Mattel\u2019s operating performance. Mattel believes that the disclosure of the percentage change in constant currency is useful supplemental information for investors to be able to gauge Mattel\u2019s current business performance and the longer-term strength of its overall business since foreign currency changes could potentially mask underlying sales trends. The disclosure of the percentage change in constant currency enhances investor\u2019s ability to compare financial results from one period to another.<\/p>\n
Key Performance Indicator<\/b><\/p>\n
Gross Billings<\/i><\/p>\n
\nGross Billings represent amounts invoiced to customers. It does not include the impact of sales adjustments, such as trade discounts and other allowances. Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, brand, and geographic results to highlight significant trends in Mattel\u2019s business. Changes in Gross Billings are discussed because, while Mattel records the details of such sales adjustments in its financial accounting systems at the time of sale, such sales adjustments are generally not associated with categories, brands, and individual products.<\/p>\n
About Mattel<\/b><\/p>\n
\nMattel is a leading global toy company and owner of one of the strongest catalogs of children\u2019s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie\u00ae<\/sup>, Hot Wheels\u00ae<\/sup>, Fisher-Price\u00ae<\/sup>, American Girl\u00ae<\/sup>, Thomas & Friends\u2122, UNO\u00ae<\/sup>, Masters of the Universe\u00ae<\/sup>, and MEGA\u00ae<\/sup>, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming and digital experiences, music, and live events. Founded in 1945, we operate in 35 locations and our products are available in more than 150 countries in collaboration with the world\u2019s leading retail and ecommerce companies. Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential. Visit us online at mattel.com<\/a>.<\/p>\n\nMAT-FIN MAT-CORP<\/p>\n
\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \nEXHIBIT I<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nCONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nFor the Three Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| (In millions, except per share and percentage information)<\/span><\/b><\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n | | \n\n 2022<\/b><\/p>\n<\/td>\n | | \n% Change
as
Reported<\/b><\/td>\n | | \n% Change
in
Constant
Currency<\/b><\/td>\n<\/tr>\n\n | \n$ Amt<\/b><\/td>\n | | \n% Net
Sales<\/b><\/td>\n | | \n$ Amt<\/b><\/td>\n | | \n% Net
Sales<\/b><\/td>\n<\/tr>\n\n| Net Sales<\/b><\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n814.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,041.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n\n \n-22<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n-21<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Cost of Sales<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n488.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n60.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n558.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n53.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n-12<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Gross Profit<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n325.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n40.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n482.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n46.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n-33<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n-32<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Advertising and Promotion Expenses<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n76.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n9.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n73.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n7.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Other Selling and Administrative Expenses<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n364.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n44.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n329.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n31.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n11<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Operating (Loss) Income<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(115.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-14.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n80.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n7.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Interest Expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n31.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n3.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n33.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n3.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n-6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Interest (Income)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(6.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-0.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1.2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-0.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n442<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Other Non-Operating (Income) Expense, Net<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1.4<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| (Loss) Income Before Income Taxes<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(138.2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-17.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n39.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n3.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| (Benefit) Provision for Income Taxes<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(27.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| (Income) from Equity Method Investments<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(4.7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(6.3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Net (Loss) Income<\/b><\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(106.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-13.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n21.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n2.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Net (Loss) Income Per Common Share – Basic<\/b><\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(0.30<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n0.06<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Weighted-Average Number of Common Shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n354.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n352.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Net (Loss) Income Per Common Share – Diluted<\/b><\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(0.30<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n0.06<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Weighted-Average Number of Common and Potential Common Shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n354.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n359.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n1<\/sup> Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n| n\/m – Not meaningful<\/td>\n<\/tr>\n | \n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \nEXHIBIT II<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nCONDENSED CONSOLIDATED BALANCE SHEETS1<\/sup><\/b><\/td>\n | \n | \n | \n | \n | <\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nMarch 31,<\/b><\/td>\n | | \nDecember 31,<\/b><\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| (In millions)<\/span><\/b><\/td>\n | (Unaudited)<\/b><\/td>\n | | \n | <\/tr>\n \n| Assets<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Cash and Equivalents<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n461.7<\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n536.6<\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n761.2<\/p>\n<\/td>\n | | <\/tr>\n \n| Accounts Receivable, Net<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n673.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n862.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n860.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Inventories<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n961.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n969.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n894.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Prepaid Expenses and Other Current Assets<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n269.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n267.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n213.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total Current Assets<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,366.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,635.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,729.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Property, Plant, and Equipment, Net<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n471.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n452.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n469.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Right-of-Use Assets, Net<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n304.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n339.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n318.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Goodwill<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,381.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,387.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,378.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other Noncurrent Assets<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,308.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,332.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,282.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total Assets<\/b><\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n5,831.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n6,147.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n6,177.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Liabilities and Stockholders\u2019 Equity<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Current Portion of Long-Term Debt<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n250.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Accounts Payable and Accrued Liabilities<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n955.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,278.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,150.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Income Taxes Payable<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n13.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n16.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n37.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total Current Liabilities<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n969.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,544.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,187.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Long-Term Debt<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,326.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,322.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,325.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Noncurrent Lease Liabilities<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n257.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n296.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n271.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other Noncurrent Liabilities<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n341.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n366.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n336.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Stockholders\u2019 Equity<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,937.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,618.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,056.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total Liabilities and Stockholders\u2019 Equity<\/b><\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n5,831.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n6,147.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n6,177.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n1 <\/sup>Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \n | \n | \n | \nEXHIBIT II<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL BALANCE SHEET AND CASH FLOW DATA (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \nMarch 31,<\/b><\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Key Balance Sheet Data:<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Accounts Receivable, Net Days of Sales Outstanding (DSO)<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n74<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n75<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \nFor the Three Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| \n (In millions)<\/span><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Condensed Cash Flow Data:<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Cash Flows (Used for) Operating Activities<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n(206<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(144<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Cash Flows (Used for) Investing Activities<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(43<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(55<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Cash Flows (Used for) Provided by Financing Activities and Other<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(51<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Decrease in Cash and Equivalents<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n(300<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(195<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n1 <\/sup>Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \n | \n | \n | \nEXHIBIT III<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\nRECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nFor the Three Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| (In millions, except percentage information)<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Gross Profit<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Gross Profit, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n325.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n482.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Gross Margin<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 40.0<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 46.4<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n-640 bps<\/i><\/td>\n<\/tr>\n\n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Gross Profit, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n325.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n485.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjusted Gross Margin<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 40.0<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 46.6<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n-660 bps<\/i><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Other Selling and Administrative Expenses<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Other Selling and Administrative Expenses, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n364.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n329.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 11%<\/i><\/p>\n<\/td>\n<\/tr>\n\n| % of Net Sales<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 44.8<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 31.6<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n1,320 bps<\/i><\/td>\n<\/tr>\n\n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(23.9<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(6.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(4.3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.6<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Other Selling and Administrative Expenses, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n336.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n321.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 5%<\/i><\/p>\n<\/td>\n<\/tr>\n\n| % of Net Sales<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 41.3<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 30.9<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n1,040 bps<\/i><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Operating (Loss) Income<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Operating (Loss) Income, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(115.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n80.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n| Operating (Loss) Income Margin<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n -14.1<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 7.7<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n n\/m<\/i><\/p>\n<\/td>\n<\/tr>\n\n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n0.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Operating (Loss) Income, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(86.7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n90.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted Operating (Loss) Income Margin<\/i><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n -10.6<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 8.7<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n | | \n\n n\/m<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n1<\/sup> Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n| n\/m – Not meaningful<\/td>\n<\/tr>\n | \n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \n | \n | \n | \nEXHIBIT III<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\nRECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nFor the Three Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| (In millions, except per share and percentage information)<\/span><\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n| Earnings Per Share<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Net (Loss) Income Per Common Share, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(0.30<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n0.06<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.07<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n0.03<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.01<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \nTax Effect of Adjustments2<\/sup><\/td>\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.02<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.01<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n\n| Net (Loss) Income Per Common Share, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(0.24<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n0.08<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| EBITDA and Adjusted EBITDA<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Net (Loss) Income, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(106.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n21.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Interest Expense<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n31.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n33.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| (Benefit) Provision for Income Taxes<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(27.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Depreciation<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n33.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n35.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Amortization<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| EBITDA<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(59.1<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n123.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Share-Based Compensation<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n16.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n19.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n0.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjusted EBITDA<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(13.9<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n152.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Free Cash Flow<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Net Cash Flows Used for Operating Activities<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(206.4<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(143.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Capital Expenditures<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(43.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(36.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Free Cash Flow<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(249.4<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(179.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n<\/table>\n\n\n1<\/sup> Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n2 <\/sup>The aggregate tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments, and dividing by the reported weighted average number of common and potential common shares.<\/td>\n<\/tr>\n\n| n\/m – Not meaningful<\/td>\n<\/tr>\n | \n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \n | \n | \n | \nEXHIBIT III<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\nRECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nFor the Three Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| (In millions, except percentage and pts information)<\/span><\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n| Tax Rate<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| (Loss) Income Before Income Taxes, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(138.2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n39.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n0.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| (Loss) Income Before Income Taxes, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(109.9<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n49.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| (Benefit) Provision for Income Taxes, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(27.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n23.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \nTax Effect of Adjustments2<\/sup><\/td>\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n\n| (Benefit) Provision for Income Taxes, As Adjusted<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(20.4<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n26.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Tax Rate, As Reported<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n20<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n61<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n-41 pts<\/i><\/td>\n<\/tr>\n\n| Tax Rate, As Adjusted<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n19<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n54<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n-35 pts<\/i><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nMarch 31,<\/b><\/td>\n | | \n | <\/tr>\n \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net Debt<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Long-Term Debt<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n2,326.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,322.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Current Portion of Long-Term Debt<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n250.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments<\/i><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Cash and Equivalents<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(461.7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(536.6<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Net Debt<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n1,865.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,035.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n<\/table>\n\n\n1<\/sup> Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n2 <\/sup>Tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments.<\/td>\n<\/tr>\n\n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | \n EXHIBIT III<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1<\/sup><\/b><\/td>\n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n\n| RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nFor the Trailing Twelve Months Ended March 31,<\/b><\/td>\n<\/tr>\n\n| (In millions, except percentage and pts information)<\/span><\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n| Leverage Ratio (Total Debt\/Adjusted EBITDA)<\/span><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Total Debt<\/span><\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Long-Term Debt<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n2,326.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,322.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Current Portion of Long-Term Debt<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n250.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Debt Issuance Costs and Debt Discount<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n23.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n27.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Total Debt<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n2,350.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,600.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| EBITDA and Adjusted EBITDA<\/span><\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net Income, As Reported<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n266.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,036.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n-74%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Interest Expense<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n130.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n156.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Provision (Benefit) for Income Taxes<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n84.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(416.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Depreciation<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n142.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n145.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Amortization<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n38.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n37.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| EBITDA<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n662.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n960.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjustments:<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Share-Based Compensation<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n66.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n64.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Severance and Restructuring Expenses<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n48.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n32.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Inclined Sleeper Product Recalls<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Sale of Assets\/Business<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(23.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Loss on Liquidation of Argentina Subsidiary<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n45.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Adjusted EBITDA<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n802.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,066.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n-25%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total Debt \/ Net Income<\/td>\n | | \n\n \n8.8x<\/p>\n<\/td>\n | | \n | \n | \n\n \n2.5x<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| Leverage Ratio (Total Debt \/ Adjusted EBITDA)<\/td>\n | | \n\n \n2.9x<\/p>\n<\/td>\n | | \n | \n | \n\n \n2.4x<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Free Cash Flow<\/span><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net Cash Flows Provided by Operating Activities<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n380.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n377.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| Capital Expenditures<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(193.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(151.6<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | <\/tr>\n \n| Free Cash Flow<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n186.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n225.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n-17%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Cash Flows Provided by Operating Activities \/ Net Income<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n143<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n36<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n107 pts<\/i><\/td>\n<\/tr>\n\n| Free Cash Flow Conversion (Free Cash Flow\/Adjusted EBITDA)<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n23<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n21<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n2 pts<\/i><\/td>\n<\/tr>\n<\/table>\n\n\n1<\/sup> Amounts may not sum due to rounding.<\/td>\n<\/tr>\n\n | <\/tr>\n<\/table>\n\n\n| MATTEL, INC. AND SUBSIDIARIES<\/b><\/td>\n | | \n | \n | \n | \nEXHIBIT III<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \nSUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1<\/sup><\/b><\/td>\n<\/tr>\n\nRECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \nFor the Year Ended December 31,<\/b><\/td>\n<\/tr>\n\n| (In millions, except percentage and per share information)<\/span><\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Gross Profit<\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Gross Profit, As Reported<\/td>\n | | \n | \n | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n2,481.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Gross Margin<\/i><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 45.7<\/i><\/p>\n<\/td>\n | \n %<\/i><\/p>\n<\/td>\n<\/tr>\n\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |