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,
BASIC 1998 1997 1998 1997
- ----- --------- --------- --------- ---------
Income before extraordinary item $ 199,665 $ 223,655 $ 272,718 $ 94,665
Less: Dividends on convertible preferred stock (1,990) (2,838) (5,970) (8,515)
--------- --------- --------- ---------
Income before extraordinary item for computation of
income per share 197,675 220,817 266,748 86,150
Extraordinary item - loss on early retirement of debt - (4,610) - (4,610)
--------- --------- --------- ---------
Net income applicable to common shares $ 197,675 $ 216,207 $ 266,748 $ 81,540
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Applicable Shares for Computation of Income
per Share:
- -------------------------------------------
Weighted average common shares outstanding 291,870 290,650 292,779 290,278
========= ========= ========= =========
Basic Income Per Common Share:
- ------------------------------
Net income per common share before extraordinary item $ 0.68 $ 0.76 $ 0.91 $ 0.30
Extraordinary item - loss on early retirement of debt - (0.02) - (0.02)
--------- --------- --------- ---------
Net income per common share $ 0.68 $ 0.74 $ 0.91 $ 0.28
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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 NINE MONTHS ENDED
---------------------- ----------------------
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
DILUTED 1998 1997 1998 1997
- ------- --------- --------- --------- ---------
Income before extraordinary item $ 199,665 $ 223,655 $ 272,718 $ 94,665
Less: Dividends on convertible preferred stock - - - (8,515)
Add: Interest savings, net of tax, applicable to:
Assumed conversion of 7% Notes
- 115 - -
--------- --------- --------- ---------
Income before extraordinary item for computation of
income per share 199,665 223,770 272,718 86,150
Extraordinary item - loss on early retirement of debt
- (4,610) - (4,610)
--------- --------- --------- ---------
Net income applicable to common shares $ 199,665 $ 219,160 $ 272,718 $ 81,540
========= ========= ========= =========
Applicable Shares for Computation of Income
per Share:
- -------------------------------------------
Weighted average common shares outstanding 291,870 290,650 292,779 290,278
Weighted average common equivalent shares arising from:
Dilutive stock options 3,295 4,391 3,781 3,528
Assumed conversion of Series B convertible preferred stock - 2,753 - -
Assumed conversion of Series C convertible preferred stock 7,731 7,740 7,731 -
Stock subscription warrants 655 647 661 631
Disney warrant - - 10 -
Assumed conversion of 7% Notes - 689 - -
--------- --------- --------- ---------
Weighted average number of common and common
equivalent shares 303,551 306,870 304,962 294,437
========= ========= ========= =========
Diluted Income Per Common Share:
- --------------------------------
Net income per common share before extraordinary item $ 0.66 $ 0.73 $ 0.89 $ 0.30
Extraordinary item - loss on early retirement of debt - (0.02) - (0.02)
--------- --------- --------- ---------
Net income per common share $ 0.66 $ 0.71 $ 0.89 $ 0.28
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