MATTEL, INC. AND SUBSIDIARIES EXHIBIT 11.0
(Page 1 of 2)
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
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(In thousands, except per share amounts)
THREE MONTHS ENDED
----------------------
March 31, March 31,
PRIMARY 1994 1993
- - ------- --------- ---------
Income before cumulative effect of changes in
accounting principles $ 24,069 $ 18,480
Less: Dividends on convertible preference stock (1,223) (1,224)
--------- ---------
Income, before cumulative effect of changes in
accounting principles, applicable to common shares 22,846 17,256
Cumulative effect of changes in accounting principles - (4,022)
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Net income applicable to common shares $ 22,846 $ 13,234
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Applicable Shares for Computation of Income per Share:
- - ------------------------------------------------------
Weighted average common shares outstanding 172,249 168,000
Weighted average common equivalent shares arising from:
Dilutive stock options 2,010 1,879
Fisher-Price warrants 741 -
Restricted stock 37 299
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Weighted average number of common and common
equivalent shares 175,037 170,178
========= =========
Income Per Common Share:
- - ------------------------
Income per share before cumulative effect of changes in
accounting principles $ 0.13 $ 0.10
Cumulative effect of changes in accounting principles - (0.02)
--------- ---------
Net income per common share $ 0.13 $ 0.08
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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)
THREE MONTHS ENDED
----------------------
March 31, March 31,
FULLY DILUTED 1994 (a) 1993 (b)
- - ------------- --------- ---------
Income before cumulative effect of changes in
accounting principles $ 24,069 $ 18,480
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 8% convertible debentures 628 1,334
Assumed exercise of Fisher-Price warrants - 163
Less: Impact of required ESOP dividends or
contributions upon conversion (1,223) (1,224)
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Income, before cumulative effect of changes in
accounting principles, applicable to common shares 23,474 18,753
Cumulative effect of changes in accounting principles - (4,022)
--------- ---------
Net income applicable to common shares $ 23,474 $ 14,731
========= =========
Applicable Shares for Computation of Income per Share:
- - ------------------------------------------------------
Weighted average common shares outstanding 172,249 168,000
Weighted average common equivalent shares arising from:
Assumed conversion of 8% convertible debentures 4,204 7,793
Assumed conversion of convertible preference stock 1,621 1,621
Dilutive stock options 2,880 1,879
Fisher-Price warrants 757 1,076
Restricted stock 49 332
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Weighted average number of common and common
equivalent shares 181,760 180,701
========= =========
Income Per Common Share:
- - ------------------------
Income per share before cumulative effect of changes in
accounting principles $ 0.13 $ 0.10
Cumulative effect of changes in accounting principles - (0.02)
--------- ---------
Net income per common share $ 0.13 $ 0.08
========= =========
<FN>
(a) This calculation is submitted in accordance with Regulation S-K, Item 601 (b)(11),
although not required by footnote 2 to paragraph 14 of APB Opinion No. 15 because
it results in dilution of less than 3%.
(b) This calculation is submitted in accordance with Regulation S-K, Item 601 (b)(11),
although it is contrary to paragraph 40 of APB Opinion No. 15 because it produces
an anti-dilutive result.