EXHIBIT 11
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) 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,
1999 1998 1997 1996 1995
-------- -------- --------- -------- --------
BASIC
Income (loss) before
extraordinary item......... $(82,373) $206,053 $(178,111) $ 21,962 $308,997
Deduct: Dividends on
convertible preferred
stock..................... (3,980) (7,960) (10,505) (7,391) (3,200)
Dividends on convertible
preference stock........ -- -- -- -- (3,342)
-------- -------- --------- -------- --------
Income (loss) before
extraordinary item for
computation of income per
share...................... (86,353) 198,093 (188,616) 14,571 302,455
Extraordinary item.......... -- -- (4,610) -- --
-------- -------- --------- -------- --------
Net income (loss) applicable
to common shares........... $(86,353) $198,093 $(193,226) $ 14,571 $302,455
======== ======== ========= ======== ========
Applicable Shares for
Computation of Income
(Loss) per Share:
Weighted average common
shares outstanding........ 414,186 390,210 369,870 359,209 342,363
======== ======== ========= ======== ========
Basic Income (Loss) Per
Common Share:
Net income (loss) per
common share before
extraordinary item........ $ (0.21) $ 0.51 $ (0.51) $ 0.04 $ 0.88
Extraordinary item......... -- -- (0.01) -- --
-------- -------- --------- -------- --------
Net income (loss) per
common share.............. $ (0.21) $ 0.51 $ (0.52) $ 0.04 $ 0.88
======== ======== ========= ======== ========
- --------
(a) Consolidated financial information for all periods presented has been
restated retroactively for the effects of the May 1999 merger with The
Learning Company, Inc. ("Learning Company"), accounted for as a pooling of
interests. Consolidated financial information for 1995-1997 has been
restated retroactively for the effects of the March 1997 merger with Tyco
Toys, Inc. ("Tyco"), accounted for as a pooling of interests.
(b) Per share data reflect the retroactive effect of stock splits distributed
to stockholders in March 1996 and January 1995, and the mergers with
Learning Company and Tyco in 1999 and 1997, respectively.
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) 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,
1999 1998 1997 1996 1995
-------- -------- --------- -------- --------
DILUTED
Income (loss) before
extraordinary item......... $(82,373) $206,053 $(178,111) $ 21,962 $308,997
Deduct:
Dividends on convertible
preferred stock........... (3,980) (7,960) (10,505) (7,391) (3,200)
Impact of required ESOP
dividends or contributions
upon conversion........... -- -- -- -- (3,342)
-------- -------- --------- -------- --------
Income (loss) before
extraordinary item for
computation of income per
share...................... (86,353) 198,093 (188,616) 14,571 302,455
Extraordinary item.......... -- -- (4,610) -- --
-------- -------- --------- -------- --------
Net income (loss) applicable
to common shares........... $(86,353) $198,093 $(193,226) $ 14,571 $302,455
======== ======== ========= ======== ========
Applicable Shares for
Computation of Income
(Loss) Per Share:
Weighted average common
shares outstanding........ 414,186 390,210 369,870 359,209 342,363
Weighted average common
equivalent shares arising
from:
Dilutive stock options..... -- 8,501 -- 7,292 5,924
Assumed conversion of
convertible preferred
stock..................... -- 18,000 -- -- --
Assumed conversion of
notes..................... -- -- -- 64 --
Stock subscription and
other warrants............ -- 4,812 -- 1,029 1,046
Nonvested stock............ -- 184 -- 603 507
-------- -------- --------- -------- --------
Weighted average number of
common and common
equivalent shares......... 414,186 421,707 369,870 368,197 349,840
======== ======== ========= ======== ========
Diluted Income (Loss) Per
Common Share:
Net income (loss) per
common share before
extraordinary item........ $ (0.21) $ 0.47 $ (0.51) $ 0.04 $ 0.86
Extraordinary item......... -- -- (0.01) -- --
-------- -------- --------- -------- --------
Net income (loss) per
common share.............. $ (0.21) $ 0.47 $ (0.52) $ 0.04 $ 0.86
======== ======== ========= ======== ========
- --------
(a) Consolidated financial information for all periods presented has been
restated retroactively for the effects of the May 1999 merger with Learning
Company, accounted for as a pooling of interests.
Consolidated financial information for 1995-1997 has been restated
retroactively for the effects of the March 1997 merger with Tyco, accounted
for as a pooling of interests.
(b) Per share data reflect the retroactive effect of stock splits distributed
to stockholders in March 1996 and January 1995, and the mergers with
Learning Company and Tyco in 1999 and 1997, respectively.