Mattel 2000 Annual Report Download - page 30

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twenty eight
Consolidated Statements of Operations
Mattel, Inc. and Subsidiaries
For the Year
(In thousands, except per share amounts) 2000 1999 1998
NET SALES $4,669,942 $4,595,490 $4,698,337
Cost of sales 2,569,157 2,413,469 2,388,542
GROSS PROFIT 2,100,785 2,182,021 2,309,795
Advertising and promotion expenses 685,877 684,519 786,396
Other selling and administrative expenses 966,998 867,955 862,543
Restructuring and other charges 15,900 281,107 44,000
Amortization of intangibles 52,000 52,010 41,329
Interest expense 152,979 131,609 110,833
Other expense (income), net 1,607 (5,343) 5,248
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 225,424 170,164 459,446
Provision for income taxes 55,247 61,777 131,193
INCOME FROM CONTINUING OPERATIONS 170,177 108,387 328,253
DISCONTINUED OPERATIONS (See Note 13)
Loss from discontinued operations (601,146) (190,760) (122,200)
NET INCOME (LOSS) (430,969) (82,373) 206,053
Preferred stock dividend requirements – 3,980 7,960
NET INCOME (LOSS) APPLICABLE TO COMMON SHARES $ (430,969) $ (86,353) $ 198,093
BASIC INCOME (LOSS) PER COMMON SHARE
Income from continuing operations $ 0.40 $ 0.25 $ 0.82
Loss from discontinued operations (1.41) (0.46) (0.31)
Net income (loss) $ (1.01) $ (0.21) $ 0.51
Weighted average number of common shares 426,166 414,186 390,210
DILUTED INCOME (LOSS) PER COMMON SHARE
Income from continuing operations $ 0.40 $ 0.25 $ 0.76
Loss from discontinued operations (1.41) (0.45) (0.29)
Net income (loss) $ (1.01) $ (0.20) $ 0.47
Weighted average number of common and common equivalent shares 427,126 425,281 421,707
DIVIDENDS DECLARED PER COMMON SHARE $ 0.27 $ 0.35 $ 0.31
The accompanying notes are an integral part of these statements.