EXHIBIT 11.0
(Page 1 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) PER COMMON AND
COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31, (a)(b)
----------------------------------------------------
BASIC 2001 2000 1999 1998 1997
- ----- -------- --------- --------- --------- ---------
Income from continuing
operations.............. $310,920 $ 170,177 $ 108,387 $ 328,253 $ 289,794
Loss from discontinued
operations.............. -- (601,146) (190,760) (122,200) (467,905)
Deduct: Dividends on
convertible preferred
stock................... -- -- (3,980) (7,960) (10,505)
-------- --------- --------- --------- ---------
Income (loss) before
cumulative effect of
change in accounting
principles and
extraordinary item for
computation of income
per share............... 310,920 (430,969) (86,353) 198,093 (188,616)
Cumulative effect of
change in accounting
principles.............. (12,001) -- -- -- --
Extraordinary item....... -- -- -- -- (4,610)
-------- --------- --------- --------- ---------
Net income (loss)
applicable to common
shares.................. $298,919 $(430,969) $ (86,353) $ 198,093 $(193,226)
======== ========= ========= ========= =========
Applicable Shares for
Computation of Income
(Loss) per Share:
Weighted average common
shares outstanding.... 430,983 426,166 414,186 390,210 369,870
======== ========= ========= ========= =========
Basic Income (Loss) Per
Common Share:
Income from continuing
operations............ $ 0.72 $ 0.40 $ 0.25 $ 0.82 $ 0.76
Loss from discontinued
operations............ -- (1.41) (0.46) (0.31) (1.27)
Cumulative effect of
change in accounting
principles............ (0.03) -- -- -- --
Extraordinary item..... -- -- -- -- (0.01)
-------- --------- --------- --------- ---------
Net income (loss) per
common share........ $ 0.69 $ (1.01) $ (0.21) $ 0.51 $ (0.52)
======== ========= ========= ========= =========
- --------
(a) Consolidated financial information for 1997-1999 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. As more fully described in Note 13 to the Consolidated Financial
Statements, the Consumer Software segment, which was comprised primarily of
Learning Company, was reported as a discontinued operation effective March
31, 2000, and the consolidated financial statements were reclassified to
segregate the net investment in, and the liabilities and operating results
of the Consumer Software segment. Consolidated financial information for
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 the mergers with Learning
Company and Tyco in 1999 and 1997, respectively.
EXHIBIT 11.0
(Page 2 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) PER COMMON AND
COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31, (a)(b)
----------------------------------------------------
DILUTED 2001 2000 1999 1998 1997
- ------- -------- --------- --------- --------- ---------
Income from continuing
operations.............. $310,920 $ 170,177 $ 108,387 $ 328,253 $ 289,794
Loss from discontinued
operations.............. -- (601,146) (190,760) (122,200) (467,905)
Add: Interest savings,
net of tax, applicable
to:
Assumed conversion of
7% Notes.............. -- -- -- -- 479
Deduct: Dividends on
convertible preferred
stock................... -- -- (3,980) (7,960) (10,505)
-------- --------- --------- --------- ---------
Income (loss) before
cumulative effect of
change in accounting
principles and
extraordinary item for
computation of income
per share............... 310,920 (430,969) (86,353) 198,093 (188,137)
Cumulative effect of
change in accounting
principles.............. (12,001) -- -- -- --
Extraordinary item....... -- -- -- -- (4,610)
-------- --------- --------- --------- ---------
Net income (loss)
applicable to common
shares.................. $298,919 $(430,969) $ (86,353) $ 198,093 $(192,747)
======== ========= ========= ========= =========
Applicable Shares for
Computation of Income
(Loss) Per Share:
Weighted average common
shares outstanding.... 430,983 426,166 414,186 390,210 369,870
Weighted average common
equivalent shares
arising from:
Dilutive stock
options............. 4,765 960 3,920 8,501 5,665
Assumed conversion of
convertible
preferred stock..... -- -- 6,510 18,000 1,438
Assumed conversion of
notes............... -- -- -- -- 589
Stock subscription
and other warrants.. 418 -- 606 4,812 1,165
Nonvested stock...... -- -- 59 184 --
-------- --------- --------- --------- ---------
Weighted average number
of common and common
equivalent shares....... 436,166 427,126 425,281 421,707 378,727
======== ========= ========= ========= =========
Diluted Income (Loss) Per
Common Share:
Income from continuing
operations............ $ 0.71 $ 0.40 $ 0.25 $ 0.76 $ 0.74
Loss from discontinued
operations............ -- (1.41) (0.45) (0.29) (1.24)
Cumulative effect of
change in accounting
principles............ (0.03) -- -- -- --
Extraordinary item..... -- -- -- -- (0.01)
-------- --------- --------- --------- ---------
Net income (loss) per
common share.......... $ 0.68 $ (1.01) $ (0.20) $ 0.47 $ (0.51)
======== ========= ========= ========= =========
- --------
(a) Consolidated financial information for 1997-1999 has been restated
retroactively for the effects of the May 1999 merger with Learning Company,
accounted for as a pooling of interests. As more fully described in Note 13
to the Consolidated Financial Statements, the Consumer Software segment,
which was comprised primarily of Learning Company, was reported as a
discontinued operation effective March 31, 2000, and the consolidated
financial statements were reclassified to segregate the net investment in,
and the liabilities and operating results of the Consumer Software segment.
Consolidated financial information for 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 the mergers with Learning
Company and Tyco in 1999 and 1997, respectively.