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 YEAR ENDED (a)(b)(c)
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Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31,
BASIC 1997 1996 1995 1994 1993
- ----- ------------------------------------------------------------
Income Before Extraordinary Items and Cumulative
Effect of Changes in Accounting Principles $289,794 $372,224 $337,889 $224,670 $ 65,971
Deduct: Dividends on convertible preferred stock (10,505) (7,391) (3,200) (2,157) -
Dividends on convertible preference stock - - (3,342) (4,689) (4,894)
-------- -------- -------- -------- --------
Income Before Extraordinary Items and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 279,289 364,833 331,347 217,824 61,077
Extraordinary items (4,610) - - - (14,681)
Cumulative effect of changes in accounting principles - - - - (4,022)
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $274,679 $364,833 $331,347 $217,824 $ 42,374
======== ======== ======== ======== ========
Average Number of Common Shares 290,450 290,393 293,312 292,526 279,276
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Items and
Cumulative Effect of Changes in Accounting Principles $ 0.96 $ 1.26 $ 1.13 $ 0.74 $ 0.22
Extraordinary items (0.01) - - - (0.05)
Cumulative effect of changes in accounting
principles - - - - (0.02)
-------- -------- -------- -------- --------
Net Income Per Common Share $ 0.95 $ 1.26 $ 1.13 $ 0.74 $ 0.15
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<FN>
(a) Consolidated financial information for all periods presented has been restated retroactively for the effects
of the March 1997 merger with Tyco, accounted for as a pooling of interests.
(b) Consolidated financial information for 1993 has been restated retroactively for the effects of the
November 1993 merger with Fisher-Price, accounted for as a pooling of interests.
(c) Per share data reflect the retroactive effect of stock splits distributed to shareholders in March 1996, and
January 1995 and 1994, and the mergers with Tyco and Fisher-Price in 1997 and 1993, 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)(c)
------------------------------------------------------------
Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31,
DILUTED 1997 (d) 1996 1995 (d) 1994 (d) 1993 (d)
- ------- ------------------------------------------------------------
Income Before Extraordinary Items and Cumulative
Effect of Changes in Accounting Principles $289,794 $372,224 $337,889 $224,670 $ 65,971
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 7% convertible
subordinated notes 479 728 692 954 307
Assumed conversion of 8% convertible debentures - - - 628 5,338
Assumed exercise of stock subscription warrants - - - - 637
Deduct: Dividends on convertible preferred stock - - - - -
Impact of required ESOP dividends or
contributions upon conversion - - - (3,598) (4,894)
-------- -------- -------- -------- --------
Income Before Extraordinary Items and Cumulative
Effect of Changes in Accounting Principles for
Computation of Income Per Share 290,273 372,952 338,581 222,654 67,359
Extraordinary items (4,610) - - - (14,681)
Cumulative effect of changes in accounting principles - - - - (4,022)
-------- -------- -------- -------- --------
Net Income Applicable to Common Shares $285,663 $372,952 $338,581 $222,654 $ 48,656
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Applicable Shares
Weighted average common shares outstanding 290,450 290,393 293,312 292,526 279,276
Weighted average common equivalent shares arising from:
Dilutive stock options 3,975 3,484 3,272 3,090 2,935
Assumed conversion of convertible preferred stock 10,273 6,867 2,603 1,832 -
Assumed conversion of convertible preference stock - - 739 2,104 2,531
Assumed conversion of 7% convertible
subordinated notes 589 783 744 699 660
Assumed conversion of 8% convertible debentures - - - 1,619 11,823
Stock subscription warrants 639 927 928 1,023 1,681
Nonvested stock - 603 507 238 -
-------- -------- -------- -------- --------
Average number of common and common
equivalent shares 305,926 303,057 302,105 303,131 298,906
======== ======== ======== ======== ========
Income Per Share Before Extraordinary Items and
Cumulative Effect of Changes in Accounting Principles $ 0.95 $ 1.23 $ 1.12 $ 0.73 $ 0.23
Extraordinary items (0.02) - - - (0.05)
Cumulative effect of changes in accounting
principles - - - - (0.02)
-------- -------- -------- -------- --------
Net Income Per Common Share $ 0.93 $ 1.23 $ 1.12 $ 0.73 $ 0.16
======== ======== ======== ======== ========
<FN>
(a) Consolidated financial information for all periods presented has been restated retroactively for the effects
of the March 1997 merger with Tyco, accounted for as a pooling of interests.
(b) Consolidated financial information for 1993 has been restated retroactively for the effects of the
November 1993 merger with Fisher-Price, accounted for as a pooling of interests.
(c) Per share data reflect the retroactive effect of stock splits distributed to shareholders in March 1996, and
January 1995 and 1994, and the mergers with Tyco and Fisher-Price in 1997 and 1993, respectively.
(d) 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.