Mattel 2001 Annual Report Download - page 77

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First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(In thousands, except per share amounts)
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
(a) As more fully described in Note 13 to the Consolidated Financial Statements, the Consumer Software
segment, which was comprised primarily of Learning Company, was reported as a discontinued operation
effective March 31, 2000, and the consolidated financial statements were reclassified to segregate the net
investment in, and the liabilities and operating results of the Consumer Software segment.
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