EXHIBIT 11.0
(Page 1 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31,(a)(b)
------------------------------------------------
Basic 1998 1997 1996 1995 1994
- ----- -------- -------- -------- -------- --------
Income before extraordinary
item....................... $332,264 $289,794 $372,224 $337,889 $224,670
Deduct:
Dividends on convertible
preferred stock.......... (7,960) (10,505) (7,391) (3,200) (2,157)
Dividends on convertible
preference stock......... -- -- -- (3,342) (4,689)
-------- -------- -------- -------- --------
Income before extraordinary
item for
computation of income per
share...................... 324,304 279,289 364,833 331,347 217,824
Extraordinary item.......... -- (4,610) -- -- --
-------- -------- -------- -------- --------
Net income applicable to
common shares.............. $324,304 $274,679 $364,833 $331,347 $217,824
======== ======== ======== ======== ========
Applicable Shares for
Computation of Income
per Share:
Weighted average common
shares outstanding......... 291,481 290,450 290,393 293,312 292,526
======== ======== ======== ======== ========
Basic Income Per Common
Share:
Net income per common share
before extraordinary item.. $ 1.11 $ 0.96 $ 1.26 $ 1.13 $ 0.74
Extraordinary item.......... -- (0.01) -- -- --
-------- -------- -------- -------- --------
Net income per common
share...................... $ 1.11 $ 0.95 $ 1.26 $ 1.13 $ 0.74
======== ======== ======== ======== ========
- --------
(a) Consolidated financial information for 1994-1997 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, January 1995 and January 1994, and the 1997
merger with Tyco.
EXHIBIT 11.0
(Page 2 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31,(a)(b)
----------------------------------------------
Diluted 1998 1997 1996 1995 1994
------- -------- -------- -------- -------- --------
Income before extraordinary
item......................... $332,264 $289,794 $372,224 $337,889 $224,670
Add: Interest savings, net of
tax, applicable to:
Assumed conversion of 7%
Notes...................... -- 479 728 692 954
Assumed conversion of 8%
convertible debentures..... -- -- -- -- 628
Deduct: Dividends on
convertible preferred stock.. -- (10,505) -- (3,200) (2,157)
Impact of required ESOP
dividends or contributions
upon conversion........... -- -- -- (3,342) (4,689)
-------- -------- -------- -------- --------
Income before extraordinary
item for computation of
income per share............. 332,264 279,768 372,952 332,039 219,406
Extraordinary item............ -- (4,610) -- -- --
-------- -------- -------- -------- --------
Net income applicable to
common shares................ $332,264 $275,158 $372,952 $332,039 $219,406
======== ======== ======== ======== ========
Applicable Shares for
Computation of Income
Per Share:
Weighted average common shares
outstanding.................. 291,481 290,450 290,393 293,312 292,526
Weighted average common
equivalent shares arising
from:
Dilutive stock options...... 3,369 3,975 3,484 3,272 3,090
Assumed conversion of
convertible preferred
stock...................... 7,731 -- 6,867 -- --
Assumed conversion of
convertible preference
stock...................... -- -- -- -- --
Assumed conversion of 7%
Notes...................... -- 589 783 744 699
Assumed conversion of 8%
convertible debentures..... -- -- -- -- 1,619
Stock subscription
warrants................... 655 639 927 928 1,023
Disney warrant.............. 7 -- --
Nonvested stock............. -- -- 603 507 238
-------- -------- -------- -------- --------
Weighted average number of
common and common equivalent
shares....................... 303,243 295,653 303,057 298,763 299,195
======== ======== ======== ======== ========
Diluted Income Per Common
Share:
Net income per common share
before extraordinary item.... $ 1.10 $ 0.94 $ 1.23 $ 1.11 $ 0.73
Extraordinary item............ -- (0.01) -- -- --
-------- -------- -------- -------- --------
Net income per common share... $ 1.10 $ 0.93 $ 1.23 $ 1.11 $ 0.73
======== ======== ======== ======== ========
- --------
(a) Consolidated financial information for 1994-1997 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, January 1995 and January 1994, and the 1997
merger with Tyco.