MATTEL, INC. AND SUBSIDIARIES EXHIBIT 11.0
(Page 1 of 2)
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
------------------------------------------------------------
(In thousands, except per share amounts)
FOR THE YEAR ENDED (A)(B)
------------------------------------------------------------
Dec. 31, Dec. 31, Dec. 31, Dec. 29, Dec. 30,
PRIMARY 1993 1992 1991 1990 1989
- ------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $135,911 $184,841 $134,038 $ 95,582 $ 81,965
Add: Interest savings, net of tax, applicable to
assumed exercise of Fisher-Price warrants 637 1,138 594 - -
Deduct: Dividends on senior preferred stock (4,894) (4,826) (4,830) (4,811) (4,830)
Dividends on convertible preference stock - (152) (605) (605) (605)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 131,654 181,001 129,197 90,166 76,530
Extraordinary item (14,681) - (5,236) - (10,983)
Cumulative effect of changes in accounting principles (4,022) - - - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $112,951 $181,001 $123,961 $ 90,166 $ 65,547
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 168,228 169,002 143,367 115,883 114,308
Weighted average common equivalent shares arising from:
Stock options 1,878 2,319 1,943 3,016 2,942
Fisher-Price warrants 1,076 2,085 1,122 - -
Common stock warrants - $6.25 Series - - 407 1,615 1,366
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 171,182 173,406 146,839 120,514 118,616
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 0.77 $ 1.04 $ 0.88 $ 0.75 $ 0.64
Extraordinary item (0.09) - (0.04) - (0.09)
Cumulative effect of changes in accounting
principles (0.02) - - - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 0.66 $ 1.04 $ 0.84 $ 0.75 $ 0.55
======== ======== ======== ======== ========
<FN>
(A) Consolidated financial information for 1993, 1992 and 1991 has been restated retroactively for the effects of
the November 1993 merger, accounted for as a pooling of interests, with Fisher-Price. The results of operations
and financial position of Fisher-Price are excluded from periods prior to July 1, 1991, while its business was
operated as a division of The Quaker Oats Company.
(B) Per share data reflect the retroactive effect of stock splits distributed to shareholders in January 1994, June
1992 and November 1991 and the mergers with Fisher-Price and IGI in 1993 and 1992, respectively.
MATTEL, INC. AND SUBSIDIARIES EXHIBIT 11.0
(Page 2 of 2)
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
------------------------------------------------------------
(In thousands, except per share amounts)
FOR THE YEAR ENDED (A)(B)
------------------------------------------------------------
Dec. 31, Dec. 31, Dec. 31, Dec. 29, Dec. 30,
FULLY DILUTED 1993 1992 1991 1990 1989
- ------------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $135,911 $184,841 $134,038 $ 95,582 $ 81,965
Add: Interest expense, net of tax, applicable to:
Assumed conversion of 8% convertible debentures 5,338 5,467 3,907 - -
Assumed exercise of Fisher-Price warrants 637 1,138 594 - -
Deduct: Dividends on senior preferred stock - (152) (605) (605) (605)
Impact of required ESOP dividends or
contributions upon conversion (4,894) (4,826) (4,830) (4,811) (4,830)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 136,992 186,468 133,104 90,166 76,530
Extraordinary item (14,681) - (5,236) - (10,983)
Cumulative effect of changes in accounting principles (4,022) - - - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $118,289 $186,468 $127,868 $ 90,166 $ 65,547
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 168,363 169,103 143,420 115,883 114,308
Weighted average common equivalent shares arising from:
Assumed conversion of 8% convertible debentures 7,566 7,793 5,966 - -
Assumed conversion of convertible preference stock 1,620 1,620 1,620 1,620 1,620
Stock options 2,224 2,657 2,888 3,016 3,957
Fisher-Price warrants 1,076 2,085 1,122 - -
Common stock warrants - $6.25 Series - - 570 1,615 1,604
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 180,849 183,258 155,586 122,134 121,489
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 0.75 $ 1.02 $ 0.85 $ 0.74 $ 0.63
Extraordinary item (0.08) - (0.03) - (0.09)
Cumulative effect of changes in accounting
principles (0.02) - - - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 0.65 $ 1.02 $ 0.82 $ 0.74 $ 0.54
======== ======== ======== ======== ========
<FN>
(A) Consolidated financial information for 1993, 1992 and 1991 has been restated retroactively for the effects of
the November 1993 merger, accounted for as a pooling of interests, with Fisher-Price. The results of operations
and financial position of Fisher-Price are excluded from periods prior to July 1, 1991, while its business was
operated as a division of The Quaker Oats Company.
(B) Per share data reflect the retroactive effect of stock splits distributed to shareholders in January 1994, June
1992 and November 1991 and the mergers with Fisher-Price and IGI in 1993 and 1992, respectively.