Mattel 2000 Annual Report Download - page 47

forty five
Mattel, Inc. and Subsidiaries
NOTE 11 - QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(In thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter
Year Ended December 31, 2000
Net sales $693,261 $817,797 $1,583,763 $1,575,121
Gross profit 314,357 363,879 666,618 755,931
Advertising and promotion expenses 91,287 98,586 225,209 270,795
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 (a) (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 (a) (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 (a) (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
Year Ended December 31, 1999
Net sales $688,315 $802,271 $1,587,703 $1,517,201
Gross profit 315,374 359,659 781,822 725,166
Advertising and promotion expenses 91,161 96,875 222,597 273,886
Other selling and administrative expenses 201,519 198,511 204,722 263,203
Restructuring and other charges (b) - 293,100 - (11,993)
Other expense (income), net 2,244 985 (1,469) (7,103)
Income (loss) from continuing operations before income taxes (17,420) (270,386) 306,830 151,140
Income (loss) from continuing operations (12,630) (210,981) 222,145 109,853
Income (loss) from discontinued operations (a) 17,679 6,647 (86,812) (128,274)
Net income (loss) 5,049 (204,334) 135,333 (18,421)
Preferred stock dividend requirements (1,990) (1,990) - -
Net income (loss) applicable to common shares 3,059 (206,324) 135,333 (18,421)
Basic income (loss) per common share:
Income (loss) from continuing operations $ (0.04) $ (0.52) $ 0.52 $ 0.26
Income (loss) from discontinued operations (a) 0.05 0.02 (0.20) (0.30)
Net income (loss) $ 0.01 $ (0.50) $ 0.32 $ (0.04)
Weighted average number of common shares 396,480 409,040 425,148 425,680
Diluted income per common share:
Income (loss) from continuing operations $ (0.04) $ (0.52) $ 0.52 $ 0.26
Income (loss) from discontinued operations (a) 0.05 0.02 (0.20) (0.30)
Net income (loss) $ 0.01 $ (0.50) $ 0.32 $ (0.04)
Weighted average number of common and common equivalent shares 396,480 409,040 429,455 426,504
Dividends declared per common share $ 0.08 $0.09 $ 0.09 $ 0.09
Common stock market price:
High $ 27.81 $ 29.00 $ 26.69 $ 16.88
Low 21.50 22.88 19.00 11.81
(a) Financial data for first quarter 1999 reflect the retroactive effect of the merger, accounted for as a pooling of interests, with Learning Company in May 1999. As more fully described in Note 13, the
Consumer Software segment, which was comprised primarily of Learning Company, was reported as a discontinued operation effective March 31, 2000.
(b) Represents integration and restructuring charges in the second quarter of 1999 related to the Learning Company merger, and other nonrecurring charges. The nonrecurring credit for the fourth quar-
ter of 1999 represents net adjustments made to the restructuring and nonrecurring charges recorded in the second quarter of 1999.