EXHIBIT 11.0
(Page 1 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31, (a)(b) | |||||||||||||||||||
BASIC | 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||
Income from continuing operations | $ | 537,632 | $ | 455,042 | $ | 310,920 | $ | 170,177 | $ | 108,387 | |||||||||
Deduct: dividends on convertible preferred stock | — | — | — | — | (3,980 | ) | |||||||||||||
Income available to common stockholders | 537,632 | 455,042 | 310,920 | 170,177 | 104,407 | ||||||||||||||
Gain (loss) from discontinued operations, net of tax | — | 27,253 | — | (601,146 | ) | (190,760 | ) | ||||||||||||
Cumulative effect of change in accounting principles, net of tax | — | (252,194 | ) | (12,001 | ) | — | — | ||||||||||||
Net income (loss) applicable to common shares | $ | 537,632 | $ | 230,101 | $ | 298,919 | $ | (430,969 | ) | $ | (86,353 | ) | |||||||
Applicable Shares for Computation of Income (Loss) per Share: | |||||||||||||||||||
Weighted average common shares outstanding | 437,020 | 435,790 | 430,983 | 426,166 | 414,186 | ||||||||||||||
Basic Income (Loss) Per Common Share: | |||||||||||||||||||
Income from continuing operations | $ | 1.23 | $ | 1.04 | $ | 0.72 | $ | 0.40 | $ | 0.25 | |||||||||
Gain (loss) from discontinued operations | — | 0.06 | — | (1.41 | ) | (0.46 | ) | ||||||||||||
Cumulative effect of change in accounting principles | — | (0.58 | ) | (0.03 | ) | — | — | ||||||||||||
Net income (loss) per common share | $ | 1.23 | $ | 0.52 | $ | 0.69 | $ | (1.01 | ) | $ | (0.21 | ) | |||||||
(a) | Consolidated financial information for 1999 has been restated retroactively for the effects of the May 1999 merger with The Learning Company, Inc. ("Learning Company"), accounted for as a pooling of interests. As more fully described in Note 14 to the consolidated financial statements, the Consumer Software segment, which was comprised primarily of Learning Company, was reported as a discontinued operation effective March 31, 2000, and the consolidated statements of operations were reclassified to segregate the operating results of the Consumer Software segment. |
(b) | Per share data reflect the retroactive effect of the merger with Learning Company in 1999. |
EXHIBIT 11.0
(Page 2 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31, (a)(b) | |||||||||||||||||||
DILUTED | 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||
Income from continuing operations | $ | 537,632 | $ | 455,042 | $ | 310,920 | $ | 170,177 | $ | 108,387 | |||||||||
Deduct: dividends on convertible preferred stock | — | — | — | — | (3,980 | ) | |||||||||||||
Income available to common stockholders | 537,632 | 455,042 | 310,920 | 170,177 | 104,407 | ||||||||||||||
Gain (loss) from discontinued operations, net of tax | — | 27,253 | — | (601,146 | ) | (190,760 | ) | ||||||||||||
Cumulative effect of change in accounting principles, net of tax | — | (252,194 | ) | (12,001 | ) | — | — | ||||||||||||
Net income (loss) applicable to common shares | $ | 537,632 | $ | 230,101 | $ | 298,919 | $ | (430,969 | ) | $ | (86,353 | ) | |||||||
Applicable Shares for Computation of Income (Loss) Per Share: | |||||||||||||||||||
Weighted average common shares outstanding | 437,020 | 435,790 | 430,983 | 426,166 | 414,186 | ||||||||||||||
Weighted average common equivalent shares arising from: | |||||||||||||||||||
Dilutive stock options | 5,211 | 5,355 | 4,765 | 960 | 3,920 | ||||||||||||||
Assumed conversion of convertible preferred stock | — | — | — | — | 6,510 | ||||||||||||||
Stock subscription and other warrants | — | 147 | 418 | — | �� | 606 | |||||||||||||
Nonvested stock | — | — | — | — | 59 | ||||||||||||||
Weighted average number of common and common equivalent shares | 442,231 | 441,292 | 436,166 | 427,126 | 425,281 | ||||||||||||||
Diluted Income (Loss) Per Common Share: | |||||||||||||||||||
Income from continuing operations | $ | 1.22 | $ | 1.03 | $ | 0.71 | $ | 0.40 | $ | 0.25 | |||||||||
Gain (loss) from discontinued operations | — | 0.06 | — | (1.41 | ) | (0.45 | ) | ||||||||||||
Cumulative effect of change in accounting principles | — | (0.57 | ) | (0.03 | ) | — | — | ||||||||||||
Net income (loss) per common share | $ | 1.22 | $ | 0.52 | $ | 0.68 | $ | (1.01 | ) | $ | (0.20 | ) | |||||||
(a) | Consolidated financial information for 1999 has been restated retroactively for the effects of the May 1999 merger with Learning Company, accounted for as a pooling of interests. As more fully described in Note 14 to the consolidated financial statements, the Consumer Software segment, which was comprised primarily of Learning Company, was reported as a discontinued operation effective March 31, 2000, and the consolidated statements of operations were reclassified to segregate the operating results of the Consumer Software segment. |
(b) | Per share data reflect the retroactive effect of the merger with Learning Company in 1999. |