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)
FOR THE FOR THE
THREE MONTHS ENDED SIX MONTHS ENDED
---------------------- ----------------------
June 30, June 30, June 30, June 30,
PRIMARY 1995 1994 1995 1994
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Net income $ 67,496 $ 57,082 $ 94,454 $ 81,151
Deduct: Dividends on convertible preference stock (1,099) (1,223) (2,198) (2,446)
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Net income applicable to common shares $ 66,397 $ 55,859 $ 92,256 $ 78,705
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Applicable Shares for Computation of Income per Share:
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Weighted average common shares outstanding 221,122 221,499 221,042 218,423
Weighted average common equivalent shares arising from:
Dilutive stock options 2,373 2,224 2,142 2,986
Fisher-Price warrants 729 905 716 915
Restricted stock 329 95 320 94
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Weighted average number of common and common
equivalent shares 224,553 224,723 224,220 222,418
========= ========= ========= =========
Income Per Common Share:
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Net income per common share $ 0.30 $ 0.25 $ 0.41 $ 0.35
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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)
FOR THE FOR THE
THREE MONTHS ENDED SIX MONTHS ENDED
---------------------- ----------------------
June 30, June 30, June 30, June 30,
FULLY DILUTED 1995 (a) 1994 (b) 1995 (a) 1994 (b)
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Net income $ 67,496 $ 57,082 $ 94,454 $ 81,151
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 8% convertible debentures - - - 628
Deduct: Impact of required ESOP dividends or
contributions upon conversion - (1,223) - (2,446)
--------- --------- --------- ---------
Net income applicable to common shares $ 67,496 $ 55,859 $ 94,454 $ 79,333
========= ========= ========= =========
Applicable Shares for Computation of Income per Share:
------------------------------------------------------
Weighted average common shares outstanding 221,122 221,499 221,042 218,423
Weighted average common equivalent shares arising from:
Dilutive stock options 2,722 2,251 2,805 3,185
Fisher-Price warrants 743 905 743 928
Assumed conversion of convertible preference stock 738 2,026 738 2,026
Restricted stock 371 124 371 124
Assumed conversion of 8% convertible debentures - - - 2,612
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 225,696 226,805 225,699 227,298
========= ========= ========= =========
Income Per Common Share:
------------------------
Net income per common share $ 0.30 $ 0.25 $ 0.42 $ 0.35
========= ========= ========= =========
<FN>
(a) - 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.
(b) - 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%.