Find Mattels 2020 annual report and read the segment footnote (it is labeled Note 13: Segment Information).
Question:
Find Mattel’s 2020 annual report and read the segment footnote (it is labeled “Note 13: Segment Information”).
Required:
a. Mattel reports three reportable segments, what are they?
b. In your answer to part a, it might seem strange that these segments seem to be a mix of geographical locations and brand. Speculate why these segments makes sense for Mattel
c. Consolidated net income increased from a loss of $213,512 thousand to income of $126,628 in 2020, which segment helped this tremendous turnaround in profit in 2020?
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