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FISHER-PRICE ANNOUNCES 1992 RESULTS

 EAST AURORA, N.Y., Feb. 4 /PRNewswire/ -- Fisher-Price, Inc. (NYSE: FFP) announced that it had net income of $.47 per share of common stock for its fourth quarter, which ended Jan. 3, 1993, compared with net income of $.20 per share for the same quarter the prior year. Net income for the quarter was $14.9 million, an increase of $8.6 million over the restated net income for the comparable period the prior year.
 For the 12-month period, the company reported net income of $1.30 per share. Net income for the twelve-month period was $41.3 million, a $24.0 million increase over the prior year's net income of $17.3 million for the comparable period.
 Fisher-Price reported net revenues of $207.6 million for the fourth quarter, a 12 percent increase over net revenues of $185.0 million for the same period the prior year. Domestically, net revenues of $137.4 million increased 9 percent over the same period the prior year and internationally, net revenues of $70.2 million increased 19 percent which includes a $3.0 million unfavorable currency effect.
 Net revenues for the twelve-month period were $693.9 million, an 8 percent increase over net revenues of $639.8 million for the same period the prior year. Domestically, net revenues of $508.3 million increased 9 percent over the same period the prior year and internationally net revenues of $185.6 million increased 7 percent.
 Ronald J. Jackson, chairman and chief executive officer of Fisher- Price, said, "Fisher-Price's solid results were led by strong sales of infant and preschool toys, including Dino-roarrrrrs, Tournament Table, Action Workshop, Flip Track Rail and Road, Baby Basketball and Activity Links Gym."
 Fisher-Price also announced that its board of directors has declared a regular quarterly cash dividend of $.05 per share of the company's common stock. The dividend will be payable on March 3, 1993, to stockholders of record as of the close of business on Feb. 15, 1993.
 The company also reported that under its previously announced Stock Repurchase Program, it had purchased 620,000 shares of its common stock and 736,000 stock subscription warrants for an aggregate purchase price of $22 million.
 Fisher-Price is an international manufacturer and marketer of children's products. Fisher-Price's common stock is listed on the New York Stock Exchange and is traded under the symbol FPP.
 FISHER-PRICE, INC.
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 Dollars in Millions
 (except per share amounts)
 Three Months Ended Twelve Months Ended
 Jan. 3, Dec. 29, Jan. 3, Dec. 29,
 1993 1991 1993 1991 (a)
 (Unaudited) (Unaudited) (Unaudited)
 Net revenues $ 207.6 $ 185.0 $ 693.9 $ 639.8
 Cost of goods sold 110.7 103.4 375.5 377.7
 Gross profit $ 96.9 $ 81.6 $ 318.4 $ 262.1
 Advertising and
 merchandising 30.9 23.2(b) 94.6 80.2
 Selling, general and
 administrative
 expenses 38.2 42.9 139.3 134.9
 Other expense, net 1.2 .8 4.8 2.0
 Operating income $ 26.6 $ 14.7 $ 79.7 $ 45.0
 Interest expense, net 3.0 3.5 12.1 11.4
 Income before
 income taxes $ 23.6 $ 11.2 $ 67.6 $ 33.6
 Provision for
 income taxes 8.7 4.9 26.3 16.3
 Net income $ 14.9 $ 6.3(b) $ 41.3 $ 17.3
 Net income per common
 and common eqivalent
 share (c)$ .47 $ .20 $ 1.30 (a)
 Weighted average common
 and common equivalent
 shares outstanding
 (in thousands) (c) 32,177 30,810 32,454 (a)
 FISHER-PRICE, INC.
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (continued)
 (a) For the first six months of the twelve months ended
 December 29, 1991, Fisher-Price operated as a division
 of The Quaker Oats Company, therefore, the reported results
 are not necessarily indicative of the financial performance
 of Fisher-Price as a stand-alone entity. As Fisher-Price
 was not a separate publicly-held company during this period,
 net income per common and common equivalent share and
 weighted average common and common equivalent shares
 outstanding are not applicable.
 (b) For comparative purposes, the results for the three months
 ended December 29, 1991 have been restated to reflect the
 change in accounting policy for advertising and
 merchandising, which was implemented on July 1, 1991.
 Application of this change in accounting policy, to
 calendar year 1991, results in the three months ended
 December 29, 1991 advertising and merchandising decreasing
 by $4.5 million and the resultant net income increasing by
 $2.3. This change does not affect results for the calendar
 year. Full details of this adjustment will be set out in our
 annual Form 10-K, which will be available to all stockholders
 upon request.
 (c) Where applicable, data has been adjusted to reflect the
 two-for-one stock split distributed June 1, 1992. Since
 fully diluted data is approximately the same as primary data,
 it is not presented.
 FISHER-PRICE, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 Dollars in Millions
 Jan. 3, Dec. 29,
 1993 1991
 Assets
 Current Assets
 Cash and short-term investments $ 32.6 $ 83.6
 Receivables, net 160.9 125.1
 Inventories, net 64.8 61.3
 Prepaid expenses and other current assets 43.0 36.6
 Total Current Assets $ 301.3 $ 306.6
 Property, plant and equipment, net 101.0 105.2
 Intangible assets, net 39.0 42.6
 Other assets 13.9 13.7
 Total Assets $ 455.2 $ 468.1
 Liabilities and Stockholders' Equity
 Current Liabilities
 Notes payable to banks $ 13.4 $ 29.7
 Trade accounts payable 24.3 27.4
 Accrued liabilities 78.3 79.7
 Total Current Liabilities $ 116.0 $ 136.8
 Long-term debt 98.5 98.3
 Deferred income taxes 8.8 9.8
 Total Liabilities $ 223.3 $ 244.9
 Stockholders' equity 231.9 223.2
 Total Liabilities & Stockholders' Equity $ 455.2 $ 468.1
 -0- 2/4/93
 /CONTACT: Carol Blackley of Fisher-Price, 716-687-3423/
 (FPP)


CO: Fisher-Price, Inc. ST: New York IN: LEI SU: ERN

KK -- CL005 -- 2787 02/04/93 09:04 EST
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