Mattel, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the fourth quarter, the company reported net sales of $1,834.4 million against $1,999.7 million a year ago. Operating income was $262.6 million against $294.1 million a year ago. Income before income taxes was $238.9 million against $270.8 million a year ago. Net income was $173.8 million or $0.50 per diluted share against $215.2 million or $0.63 per basic and diluted share a year ago. Adjusted operating income was $269.2 million against $306.3 million a year ago. Adjusted net income per common share was $0.52 against $0.65 a year ago. For the year, the company reported net sales of $5,456.7 million against $5,702.6 million a year ago. Operating income was $519.2 million against $540.9 million a year ago. Income before income taxes was $409.7 million against $463.9 million a year ago. Net income was $318.0 million or $0.92 per diluted share against $369.4 million or $1.08 per diluted share a year ago. For the year, net cash flows from operating activities were approximately $590 million, a decrease of approximately $145 million versus the prior year, primarily driven by higher working capital usage and lower net income. Adjusted operating income was $560.8 million against $623.6 million a year ago. Adjusted net income per common share was $1.06 against $1.27 a year ago.