EXHIBIT 99.3
MATTEL, INC. AND SUBSIDIARIES
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
First Second Third Fourth
Quarter Quarter Quarter Quarter
-------- -------- ---------- ----------
(In thousands, except per share
amounts)
Year Ended December 31, 2001
Net sales (a)........................ $715,166 $836,280 $1,575,246 $1,561,233
Gross profit (a)..................... 309,989 360,470 735,305 743,171
Advertising and promotion
expenses (a)........................ 79,663 84,927 174,911 204,054
Other selling and administrative
expenses............................ 205,319 214,303 230,264 286,192
Restructuring and other charges...... -- 13,000 -- 2,700
Other expense, net................... 6,483 2,737 2,258 5,838
Income (loss) from continuing
operations before income taxes...... (29,230) (6,792) 275,591 190,441
Income (loss) from continuing
operations.......................... (22,038) (4,855) 199,835 137,978
Cumulative effect of change in
accounting principles............... (12,001) -- -- --
Net income (loss) applicable to
common shares....................... (34,039) (4,855) 199,835 137,978
Basic income (loss) per common share:
Income (loss) from continuing
operations........................ $ (0.05) $ (0.01) $ 0.46 $ 0.32
Cumulative effect of change in
accounting principles............. (0.03) -- -- --
Net income (loss).................. $ (0.08) $ (0.01) $ 0.46 $ 0.32
Weighted average number of common
shares............................ 429,936 430,909 431,250 431,813
Diluted income (loss) per common
share:
Income (loss) from continuing
operations........................ $ (0.05) $ (0.01) $ 0.46 $ 0.31
Cumulative effect of change in
accounting principles............. (0.03) -- -- --
Net income (loss).................. $ (0.08) $ (0.01) $ 0.46 $ 0.31
Weighted average number of common
and common equivalent shares ..... 429,936 430,909 436,316 437,505
Dividends declared per common share.. $ -- $ -- $ -- $ 0.05
Common stock market price:
High............................... $ 18.80 $ 18.92 $ 18.97 $ 19.75
Low................................ 13.70 15.44 15.19 15.24
First Second Third Fourth
Quarter Quarter Quarter Quarter
-------- -------- ---------- ----------
(In thousands, except per share
amounts)
Year Ended December 31, 2000
Net sales (a)...................... $679,620 $803,002 $1,549,577 $1,533,290
Gross profit (a)................... 299,943 348,311 631,659 713,329
Advertising and promotion
expenses (a)...................... 76,873 83,018 190,250 228,193
Other selling and administrative
expenses.......................... 254,199 218,711 224,695 269,393
Restructuring and other charges.... -- (2,000) 17,900 --
Other (income) expense, net........ (6,373) (9,026) 7,656 9,350
Income (loss) from continuing
operations before income taxes ... (61,644) 8,290 135,258 143,520
Income (loss) from continuing
operations........................ (44,630) 6,005 103,694 105,108
Loss from discontinued operations
(b)............................... (126,606) -- (440,560) (33,980)
Net income (loss) applicable to
common shares..................... (171,236) 6,005 (336,866) 71,128
Basic income (loss) per common
share:
Income (loss) from continuing
operations...................... $ (0.10) $ 0.01 $ 0.24 $ 0.25
Loss from discontinued operations
(b)............................. (0.30) -- (1.03) (0.08)
Net income (loss)................ $ (0.40) $ 0.01 $ (0.79) $ 0.17
Weighted average number of common
shares.......................... 425,495 425,818 426,394 426,949
Diluted income (loss) per common
share:
Income (loss) from continuing
operations...................... $ (0.10) $ 0.01 $ 0.24 $ 0.25
Loss from discontinued operations
(b)............................. (0.30) -- (1.03) (0.08)
Net income (loss)................ $ (0.40) $ 0.01 $ (0.79) $ 0.17
Weighted average number of common
and common equivalent shares ... 425,495 427,782 426,945 428,457
Dividends declared per common
share............................. $ 0.09 $ 0.09 $ 0.09 $ --
Common stock market price:
High............................. $ 13.75 $ 15.00 $ 13.81 $ 14.44
Low.............................. 9.06 10.50 9.89 10.81
(a) In first quarter 2002, Mattel implemented Emerging Issues Task Force Issue
No. 01-09, Accounting for Consideration Given by a Vendor to a Customer. Net
sales, gross profit and advertising and promotion expenses have been
restated to reflect the reclassification of sales incentives or certain
consideration offered by Mattel to its vendors as a result of implementing
this Issue.
(b) 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.