Mattel 1999 Annual Report Download - page 24

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22
CONSOLIDATED STATEMENTS OF OPERATIONS
Mattel, Inc. and Subsidiaries
For the Year
( In thousands, except per share amounts) 19 9 9 19 9 8 19 9 7
Net Sales $5 ,5 14 ,95 0 $5 ,62 1,20 7 $5 ,455,54 7
Cost of sales 2,9 13 ,9 10 2,7 07 ,9 04 2,6 35 ,8 87
Gross Profit 2,6 01 ,0 40 2 ,91 3,3 03 2 ,819,66 0
Advertising and promotion expenses 94 5,9 55 9 17 ,66 5 84 6,4 48
Other selling and administrative expenses 1,1 90 ,9 15 1,1 44 ,8 01 1,0 13 ,0 91
Restructuring and other charges 34 5,9 96 1 57 ,31 4 34 3,6 06
Amortization of intangibles 91 ,84 7 12 9,6 89 4 87 ,19 9
Charge for incomplete technology – 56 ,82 6 20 ,30 0
Interest expense 15 1,6 09 1 28 ,46 8 11 2,6 12
Other income, net ( 14 ,53 9) ( 13 ,09 2) ( 4,8 12 )
Income (Loss) Before Income Taxes and Extraordinary Item ( 11 0 ,7 4 3) 3 91 ,6 3 2 1 ,2 1 6
( Benefit) provision for income taxes ( 28 ,37 0) 1 85 ,579 17 9,32 7
Income (Loss) Before Extraordinary Item ( 8 2,3 73 ) 20 6,0 53 ( 17 8,1 1 1)
Extraordinary item - loss on early retirement of debt – – ( 4,6 10 )
Net Income (Loss) ( 8 2,3 73 ) 20 6,0 53 ( 18 2,7 2 1)
Preferred stock dividend requirements 3,9 80 7,9 60 1 0,5 05
Net Income (Loss) Applicable to Common Shares
$
( 86 ,35 3) $ 1 98 ,09 3 $ (1 93,2 26 )
Basic Income (Loss) Per Common Share
Income ( loss) before extraordinary item $ ( 0.2 1) $ 0.51 $ ( 0 .51 )
Extraordinary item - loss on early retirement of debt – – ( 0.01 )
Net income ( loss)
$
( 0 .2 1 )
$
0.5 1
$
( 0 .5 2 )
Weighted average number of common shares 41 4,1 86 3 90 ,21 0 36 9,8 70
Diluted Income (Loss) Per Common Share
Income ( loss) before extraordinary item
$
( 0.2 1) $ 0.47
$
( 0 .5 1 )
Extraordinary item - loss on early retirement of debt – – ( 0.01 )
Net income ( loss)
$
( 0 .2 1 )
$
0.4 7
$
( 0 .5 2 )
Weighted average number of common and common equivalent shares 41 4,1 86 4 21 ,70 7 36 9,8 70
Dividends Declared Per Common Share
$
0.3 5
$
0.3 1
$
0.2 7
The accompanying notes are an integral part of these statements.
Consolidated results for all periods presented have been restated retroactively for the effects of the May 1 9 9 9 merger with Learning Company, accounted for as a pooling of interests. See Note 7.
Consolidated results for 199 7 have been restated retroactively for the effects of the March 1 99 7 merger with Tyco, accounted for as a pooling of interests. See Note 7.