EXHIBIT 11.0 MATTEL, INC. AND SUBSIDIARIES (Page 1 OF 2) COMPUTATION OF INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE (in thousands, except per share amounts) For The For The Three Months Ended Six Months Ended --------------------------- -------------------------- June 30, June 30, June 30, June 30, 1999 1998 1999 1998 ----------- ------------ ------------ ----------- BASIC - ----- Net (loss) income ($204,334) $ 4,578 ($199,285) ($51,379) Less: Dividends on convertible preferred stock (1,990) (1,990) (3,980) (3,980) ----------- ------------ ------------ ----------- Net (loss) income applicable to common shares ($206,324) $ 2,588 ($203,265) ($55,359) =========== ============ ============ =========== Applicable Shares for Computation of Income (Loss) per Share: Weighted average common shares outstanding 409,040 384,596 402,786 380,674 =========== ============ ============ =========== Basic (Loss) Income Per Common Share: Net (loss) income per common share ($0.50) $ 0.01 ($0.50) ($0.15) =========== ============ ============ =========== EXHIBIT 11.0 MATTEL, INC. AND SUBSIDIARIES (Page 2 OF 2) COMPUTATION OF INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE (in thousands, except per share amounts) For The For The Three Months Ended Six Months Ended --------------------------- -------------------------- June 30, June 30, June 30, June 30, 1999 1998 1999 1998 ----------- ------------ ------------ ----------- DILUTED - ------- Net (loss) income ($204,334) $ 4,578 ($199,285) ($51,379) Less: Dividends on convertible preferred stock (1,990) (1,990) (3,980) (3,980) ----------- ------------ ------------ ----------- Net (loss) income applicable to common shares ($206,324) $ 2,588 ($203,265) ($55,359) =========== ============ ============ =========== Applicable Shares for Computation of Income (Loss) per Share: Weighted average common shares outstanding 409,040 384,596 402,786 380,674 Weighted average common equivalent shares arising from: Diluted stock options - 9,399 - - Special warrants - 10,424 - - Assumed conversion of Series A convertible preferred stock - 18,000 - - Stock subscription warrants - 770 - - Nonvested stock - 218 - - ----------- ------------ ------------ ----------- Weighted average number of common and common equivalent shares 409,040 423,407 402,786 380,674 =========== ============ ============ =========== Diluted (Loss) Income Per Common Share: Net (loss) income per common share ($0.50) $0.01 ($0.50) ($0.15) =========== ============ ============ ===========