Question

Mattel, Inc., designs, manufactures, and markets toy products worldwide. Mattel’s toys include BarbieTM fashion dolls and accessories, Hot WheelsTM, and Fisher-Price brands. For a recent year, Mattel reported the following net cash flows from operating activities (in thousands):
First quarter ending March 31 $ (326,536)
Second quarter ending June 30 (165,047)
Third quarter ending September 30 (9,738)
Fourth quarter December 31 1,243,603
Explain why Mattel reports negative net cash flows from operating activities during the first three quarters, yet reports positive cash flows for the fourth quarter and net positive cash flows for the year.



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  • CreatedOctober 20, 2011
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