EXHIBIT 11.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
For the Year Ended December 31, | |||||||||||||||||
BASIC | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||
(In thousands, except per share amounts) | |||||||||||||||||
Income from continuing operations | $ | 417,019 | $ | 572,723 | $ | 537,632 | $ | 455,042 | $ | 310,920 | |||||||
Gain from discontinued operations, net of tax | — | — | — | 27,253 | — | ||||||||||||
Cumulative effect of change in accounting principles, net of tax | — | — | — | (252,194 | ) | (12,001 | ) | ||||||||||
Net income applicable to common shares | $ | 417,019 | $ | 572,723 | $ | 537,632 | $ | 230,101 | $ | 298,919 | |||||||
Applicable Shares for Computation of Net Income Per Share: | |||||||||||||||||
Weighted average common shares outstanding | 407,402 | 419,235 | 437,020 | 435,790 | 430,983 | ||||||||||||
Net Income Per Common Share—Basic: | |||||||||||||||||
Income from continuing operations | $ | 1.02 | $ | 1.37 | $ | 1.23 | $ | 1.04 | $ | 0.72 | |||||||
Gain from discontinued operations | — | — | — | 0.06 | — | ||||||||||||
Cumulative effect of change in accounting principles | — | — | — | (0.58 | ) | (0.03 | ) | ||||||||||
Net income per common share | $ | 1.02 | $ | 1.37 | $ | 1.23 | $ | 0.52 | $ | 0.69 | |||||||
DILUTED | |||||||||||||||||
Income from continuing operations | $ | 417,019 | $ | 572,723 | $ | 537,632 | $ | 455,042 | $ | 310,920 | |||||||
Gain from discontinued operations, net of tax | — | — | — | 27,253 | — | ||||||||||||
Cumulative effect of change in accounting principles, net of tax | — | — | — | (252,194 | ) | (12,001 | ) | ||||||||||
Net income applicable to common shares | $ | 417,019 | $ | 572,723 | $ | 537,632 | $ | 230,101 | $ | 298,919 | |||||||
Applicable Shares for Computation of Net Income Per Share: | |||||||||||||||||
Weighted average common shares outstanding | 407,402 | 419,235 | 437,020 | 435,790 | 430,983 | ||||||||||||
Weighted average common equivalent shares arising from: | |||||||||||||||||
Dilutive stock options and restricted stock | 3,637 | 3,858 | 5,211 | 5,355 | 4,765 | ||||||||||||
Stock subscription and other warrants | — | — | — | 147 | 418 | ||||||||||||
Weighted average number of common and common equivalent shares | 411,039 | 423,093 | 442,231 | 441,292 | 436,166 | ||||||||||||
Net Income Per Common Share—Diluted: | |||||||||||||||||
Income from continuing operations | $ | 1.01 | $ | 1.35 | $ | 1.22 | $ | 1.03 | $ | 0.71 | |||||||
Gain from discontinued operations | — | — | — | 0.06 | — | ||||||||||||
Cumulative effect of change in accounting principles | — | — | — | (0.57 | ) | (0.03 | ) | ||||||||||
Net income per common share | $ | 1.01 | $ | 1.35 | $ | 1.22 | $ | 0.52 | $ | 0.68 | |||||||