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. 31, Dec. 29,
PRIMARY 1994 1993 1992 1991 1990
- ------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $255,832 $135,911 $184,841 $134,038 $ 95,582
Add: Interest savings, net of tax, applicable to
assumed exercise of Fisher-Price warrants - 637 1,138 594 -
Deduct: Dividends on convertible preference stock (4,689) (4,894) (4,826) (4,830) (4,811)
Dividends on senior preferred stock - - (152) (605) (605)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 251,143 131,654 181,001 129,197 90,166
Extraordinary item - (14,681) - (5,236) -
Cumulative effect of changes in accounting principles - (4,022) - - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $251,143 $112,951 $181,001 $123,961 $ 90,166
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 220,457 210,285 211,253 179,210 144,852
Weighted average common equivalent shares arising from:
Stock options 2,472 2,348 2,898 2,429 3,772
Fisher-Price warrants 819 1,345 2,606 1,402 -
Restricted stock 191 - - - -
Common stock warrants - $6.25 Series - - - 509 2,019
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 223,939 213,978 216,757 183,550 150,643
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.12 $ 0.62 $ 0.84 $ 0.71 $ 0.60
Extraordinary item - (0.07) - (0.03) -
Cumulative effect of changes in accounting
principles - (0.02) - - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.12 $ 0.53 $ 0.84 $ 0.68 $ 0.60
======== ======== ======== ======== ========
<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 1995 and
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. 31, Dec. 29,
FULLY DILUTED 1994 1993 1992 1991 1990
- ------------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $255,832 $135,911 $184,841 $134,038 $ 95,582
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 8% convertible debentures 628 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)
Impact of required ESOP dividends or
contributions upon conversion (3,598) (4,894) (4,826) (4,830) (4,811)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 252,862 136,992 186,468 133,104 90,166
Extraordinary item - (14,681) - (5,236) -
Cumulative effect of changes in accounting principles - (4,022) - - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $252,862 $118,289 $186,468 $127,868 $ 90,166
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 220,457 210,454 211,378 179,277 144,852
Weighted average common equivalent shares arising from:
Stock options 2,488 2,780 3,322 3,610 3,772
Assumed conversion of convertible preference
stock 1,683 2,025 2,025 2,025 2,025
Assumed conversion of 8% convertible debentures 1,295 9,458 9,741 7,457 -
Fisher-Price warrants 819 1,345 2,606 1,402 -
Restricted stock 264 - - - -
Common stock warrants - $6.25 Series - - - 713 2,019
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 227,006 226,062 229,072 194,484 152,668
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.11 $ 0.60 $ 0.81 $ 0.69 $ 0.59
Extraordinary item - (0.06) - (0.03) -
Cumulative effect of changes in accounting
principles - (0.02) - - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.11 $ 0.52 $ 0.81 $ 0.66 $ 0.59
======== ======== ======== ======== ========
<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 1995 and
1994, June 1992 and November 1991 and the mergers with Fisher-Price and IGI in 1993 and 1992, respectively.