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 1996 1995 1994 1993 1992
- ------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $377,641 $357,802 $255,832 $135,911 $184,841
Add: Interest savings, net of tax, applicable to
assumed exercise of Fisher-Price warrants - - - 637 1,138
Deduct: Dividends on convertible preference stock - (3,342) (4,689) (4,894) (4,826)
Dividends on senior preferred stock - - - - (152)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 377,641 354,460 251,143 131,654 181,001
Extraordinary item - - - (14,681) -
Cumulative effect of changes in accounting principles - - - (4,022) -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $377,641 $354,460 $251,143 $112,951 $181,001
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 273,371 276,309 275,572 262,856 264,066
Weighted average common equivalent shares arising from:
Stock options 3,484 3,271 3,090 2,935 3,622
Fisher-Price warrants 927 928 1,023 1,681 3,258
Nonvested stock 603 507 238 - -
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 278,385 281,015 279,923 267,472 270,946
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.36 $ 1.26 $ 0.90 $ 0.49 $ 0.67
Extraordinary item - - - (0.05) -
Cumulative effect of changes in accounting
principles - - - (0.02) -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.36 $ 1.26 $ 0.90 $ 0.42 $ 0.67
======== ======== ======== ======== ========
<FN>
(a) Consolidated financial information for 1993 and 1992 has been restated retroactively for the effects of the
November 1993 merger, accounted for as a pooling of interests, with Fisher-Price.
(b) Per share data reflect the retroactive effect of stock splits distributed to shareholders in March 1996,
January 1995 and 1994, and June 1992 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 1996 1995 1994 1993 1992
- ------------- ------------------------------------------------------------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles $377,641 $357,802 $255,832 $135,911 $184,841
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 8% convertible debentures - - 628 5,338 5,467
Assumed exercise of Fisher-Price warrants - - - 637 1,138
Deduct: Dividends on senior preferred stock - - - - (152)
Impact of required ESOP dividends or
contributions upon conversion - - (3,598) (4,894) (4,826)
-------- -------- -------- -------- --------
Income Before Extraordinary Item and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 377,641 357,802 252,862 136,992 186,468
Extraordinary item - - - (14,681) -
Cumulative effect of changes in accounting principles - - - (4,022) -
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $377,641 $357,802 $252,862 $118,289 $186,468
======== ======== ======== ======== ========
Applicable Shares
Weighted average common shares outstanding 273,371 276,309 275,572 263,067 264,223
Weighted average common equivalent shares arising from:
Stock options 3,605 4,220 3,110 3,475 4,153
Assumed conversion of convertible preference stock - 739 2,104 2,531 2,531
Assumed conversion of 8% convertible debentures - - 1,619 11,823 12,176
Fisher-Price warrants 933 969 1,023 1,681 3,258
Nonvested stock 744 618 330 - -
-------- -------- -------- -------- --------
Weighted average number of common and common
equivalent shares 278,653 282,855 283,758 282,577 286,341
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Item and
Cumulative Effect of Changes in Accounting Principles $ 1.36 $ 1.26 $ 0.89 $ 0.48 $ 0.65
Extraordinary item - - - (0.05) -
Cumulative effect of changes in accounting
principles - - - (0.01) -
-------- -------- -------- -------- --------
Net Income Per Common Share $ 1.36 $ 1.26 $ 0.89 $ 0.42 $ 0.65
======== ======== ======== ======== ========
<FN>
(a) Consolidated financial information for 1993 and 1992 1991 has been restated retroactively for the effects of the
November 1993 merger, accounted for as a pooling of interests, with Fisher-Price.
(b) Per share data reflect the retroactive effect of stock splits distributed to shareholders in March 1996,
January 1995 and 1994, and June 1992 and the mergers with Fisher-Price and IGI in 1993 and 1992, respectively.