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 FOR THE
THREE MONTHS ENDED SIX MONTHS ENDED
---------------------- ----------------------
June 30, June 30, June 30, June 30,
PRIMARY 1994 1993 1994 1993
- - ------- --------- --------- --------- ---------
Income before cumulative effect of changes in
accounting principles $ 57,082 $ 40,770 $ 81,151 $ 59,250
Add: Interest savings, net of tax, applicable
to assumed exercise of Fisher-Price warrants - 163 - 324
Less: Dividends on convertible preference stock (1,223) (1,223) (2,446) (2,447)
--------- --------- --------- ---------
Income, before cumulative effect of changes in
accounting principles, applicable to common shares 55,859 39,710 78,705 57,127
Cumulative effect of changes in accounting principles - - - (4,022)
--------- --------- --------- ---------
Net income applicable to common shares $ 55,859 $ 39,710 $ 78,705 $ 53,105
========= ========= ========= =========
Applicable Shares for Computation of Income per Share:
- - ------------------------------------------------------
Weighted average common shares outstanding 177,199 167,750 174,738 167,874
Weighted average common equivalent shares arising from:
Dilutive stock options 1,780 1,598 2,389 1,754
Fisher-Price warrants 724 1,076 732 1,076
Restricted stock 76 261 75 295
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 179,779 170,685 177,934 170,999
========= ========= ========= =========
Income Per Common Share:
- - ------------------------
Income per share before cumulative effect of changes in
accounting principles $ 0.31 $ 0.23 $ 0.44 $ 0.33
Cumulative effect of changes in accounting principles - - - (0.02)
--------- --------- --------- ---------
Net income per common share $ 0.31 $ 0.23 $ 0.44 $ 0.31
========= ========= ========= =========
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 FOR THE
THREE MONTHS ENDED (a) SIX MONTHS ENDED (a)
---------------------- ----------------------
June 30, June 30, June 30, June 30,
FULLY DILUTED 1994 1993 1994 1993
- - ------------- --------- --------- --------- ---------
Income before cumulative effect of changes in
accounting principles $ 57,082 $ 40,770 $ 81,151 $ 59,250
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 8% convertible debentures - 1,336 628 -
Assumed exercise of Fisher-Price warrants - 163 - 324
Less: Impact of required ESOP dividends or
contributions upon conversion (1,223) (1,223) (2,446) (2,447)
--------- --------- --------- ---------
Income, before cumulative effect of changes in
accounting principles, applicable to common shares 55,859 41,046 79,333 57,127
Cumulative effect of changes in accounting principles - - - (4,022)
--------- --------- --------- ---------
Net income applicable to common shares $ 55,859 $ 41,046 $ 79,333 $ 53,105
========= ========= ========= =========
Applicable Shares for Computation of Income per Share:
- - ------------------------------------------------------
Weighted average common shares outstanding 177,199 167,750 174,738 167,874
Weighted average common equivalent shares arising from:
Assumed conversion of 8% convertible debentures - 7,792 2,090 -
Assumed conversion of convertible preference stock 1,621 1,620 1,621 1,620
Dilutive stock options 1,801 1,752 2,548 1,913
Fisher-Price warrants 724 1,076 742 1,076
Restricted stock 99 295 99 355
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 181,444 180,285 181,838 172,838
========= ========= ========= =========
Income Per Common Share:
- - ------------------------
Income per share before cumulative effect of changes in
accounting principles $ 0.31 $ 0.23 $ 0.44 $ 0.33
Cumulative effect of changes in accounting principles - - - (0.02)
--------- --------- --------- ---------
Net income per common share $ 0.31 $ 0.23 $ 0.44 $ 0.31
========= ========= ========= =========
<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%.