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 NINE MONTHS ENDED
---------------------- ----------------------
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
PRIMARY 1997 1996 1997 1996
- ------- --------- --------- --------- ---------
Income before extraordinary item $ 223,655 $ 181,375 $ 94,665 $ 265,279
Deduct: Dividends on convertible preferred stock (2,838) (2,838) (8,515) (4,554)
--------- --------- --------- ---------
Income before extraordinary item for computation
of income per share 220,817 178,537 86,150 260,725
Extraordinary item - loss on early retirement of debt (4,610) - (4,610) -
--------- --------- --------- ---------
Net income applicable to common shares $ 216,207 $ 178,537 $ 81,540 $ 260,725
========= ========= ========= =========
Applicable Shares for Computation of Income per Share:
- ------------------------------------------------------
Weighted average common shares outstanding 290,650 289,182 290,278 291,351
Weighted average common equivalent shares arising from:
Dilutive stock options 4,391 3,203 3,528 3,488
Fisher-Price warrants 647 983 631 985
Nonvested stock - 593 - 593
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 295,688 293,961 294,437 296,417
========= ========= ========= =========
Income Per Common Share:
- ------------------------
Income before extraordinary item $ 0.75 $ 0.61 $ 0.30 $ 0.88
Extraordinary item - loss on early retirement of debt (0.02) - (0.02) -
--------- --------- --------- ---------
Net income per common share $ 0.73 $ 0.61 $ 0.28 $ 0.88
========= ========= ========= =========
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 NINE MONTHS ENDED
---------------------- ----------------------
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
FULLY DILUTED 1997 (a) 1996 (a) 1997 (b) 1996 (a)
- ------------- --------- --------- --------- ---------
Income before extraordinary item $ 223,655 $ 181,375 $ 94,665 $ 265,279
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 7% convertible subordinated
notes 115 182 479 546
--------- --------- --------- ---------
Income before extraordinary item for computation
of income per share 223,770 181,557 95,144 265,825
Extraordinary item - loss on early retirement of debt (4,610) - (4,610) -
--------- --------- --------- ---------
Net income applicable to common shares $ 219,160 $ 181,557 $ 90,534 $ 265,825
========= ========= ========= =========
Applicable Shares for Computation of Income per Share:
- ------------------------------------------------------
Weighted average common shares outstanding 290,650 289,182 290,278 291,351
Weighted average common equivalent shares arising from:
Dilutive stock options 4,390 3,210 4,279 3,504
Assumed conversion of convertible preferred stock 10,493 10,963 10,493 5,491
Fisher-Price warrants 647 983 643 985
Assumed conversion of 7% convertible subordinated
notes 689 783 788 783
Nonvested stock - 627 - 708
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 306,869 305,748 306,481 302,822
========= ========= ========= =========
Income Per Common Share:
- ------------------------
Income before extraordinary item $ 0.73 $ 0.59 $ 0.31 $ 0.88
Extraordinary item - loss on early retirement of debt (0.02) - (0.01) -
--------- --------- --------- ---------
Net income per common share $ 0.71 $ 0.59 $ 0.30 $ 0.88
========= ========= ========= =========
<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%.
(b) - 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.