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. 31,
PRIMARY 1995 1994 1993 1992 1991
- ------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $357,802 $255,832 $135,911 $184,841 $134,038
Add: Interest savings, net of tax, applicable to
assumed exercise of Fisher-Price warrants - - 637 1,138 594
Deduct: Dividends on convertible preference stock (3,342) (4,689) (4,894) (4,826) (4,830)
Dividends on senior preferred stock - - - (152) (605)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 354,460 251,143 131,654 181,001 129,197
Extraordinary item - - (14,681) - (5,236)
Cumulative effect of changes in accounting principles - - (4,022) - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $354,460 $251,143 $112,951 $181,001 $123,961
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 276,309 275,572 262,856 264,066 224,013
Weighted average common equivalent shares arising from:
Stock options 3,271 3,090 2,935 3,622 3,036
Fisher-Price warrants 928 1,023 1,681 3,258 1,752
Restricted stock 507 238 - - -
Common stock warrants - $6.25 Series - - - - 636
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 281,015 279,923 267,472 270,946 229,437
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.26 $ 0.90 $ 0.49 $ 0.67 $ 0.56
Extraordinary item - - (0.05) - (0.02)
Cumulative effect of changes in accounting
principles - - (0.02) - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.26 $ 0.90 $ 0.42 $ 0.67 $ 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 March 1996,
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. 31,
FULLY DILUTED 1995 1994 1993 1992 1991
- ------------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $357,802 $255,832 $135,911 $184,841 $134,038
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)
Impact of required ESOP dividends or
contributions upon conversion - (3,598) (4,894) (4,826) (4,830)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 357,802 252,862 136,992 186,468 133,104
Extraordinary item - - (14,681) - (5,236)
Cumulative effect of changes in accounting principles - - (4,022) - -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $357,802 $252,862 $118,289 $186,468 $127,868
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 276,309 275,572 263,067 264,223 224,096
Weighted average common equivalent shares arising from:
Stock options 4,220 3,110 3,475 4,153 4,512
Assumed conversion of convertible preference stock 739 2,104 2,531 2,531 2,531
Assumed conversion of 8% convertible debentures - 1,619 11,823 12,176 9,322
Fisher-Price warrants 969 1,023 1,681 3,258 1,753
Restricted stock 618 330 - - -
Common stock warrants - $6.25 Series - - - - 891
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 282,855 283,758 282,577 286,341 243,105
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.26 $ 0.89 $ 0.48 $ 0.65 $ 0.55
Extraordinary item - - (0.05) - (0.02)
Cumulative effect of changes in accounting
principles - - (0.01) - -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.26 $ 0.89 $ 0.42 $ 0.65 $ 0.53
======== ======== ======== ======== ========
<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 March 1996,
January 1995 and 1994, June 1992 and November 1991 and the mergers with Fisher-Price and IGI in 1993 and 1992,
respectively.