Mattel 2002 Annual Report Download - page 89

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Note 12—Quarterly Financial Information (Unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(In thousands, except per share amounts)
Year Ended December 31, 2002
Net sales .......................................... $741,984 $804,444 $1,669,424 $1,669,488
Grossprofit ....................................... 331,894 354,358 840,400 834,335
Advertising and promotion expenses .................... 82,671 82,858 186,980 199,993
Other selling and administrative expenses (a) ............. 213,719 221,168 286,359 329,098
Restructuring and other charges ....................... 14,800 6,900 — 2,900
Operating income ................................... 20,704 43,432 367,061 302,344
Income (loss) from continuing operations before income
taxes ........................................... (6,468) 25,649 347,168 255,148
Income (loss) from continuing operations ................ (3,951) 19,578 253,321 186,094
Gain from discontinued operations, net of tax (b) .......... — — 27,253 —
Cumulative effect of change in accounting principles, net of
tax............................................. (252,194) — — —
Netincome(loss) ................................... (256,145) 19,578 280,574 186,094
Income (loss) per common share—Basic:
Income (loss) from continuing operations ............ $ (0.01) $ 0.04 $ 0.58 $ 0.43
Gain from discontinued operations (b) .............. — — 0.06 —
Cumulative effect of change in accounting principles . . . (0.58) — — —
Netincome(loss) ............................... $ (0.59) $ 0.04 $ 0.64 $ 0.43
Weighted average number of common shares ......... 432,640 436,134 436,959 437,354
Income (loss) per common share—Diluted:
Income (loss) from continuing operations ............ $ (0.01) $ 0.04 $ 0.57 $ 0.42
Gain from discontinued operations (b) .............. — — 0.06 —
Cumulative effect of change in accounting principles . . . (0.58) — — —
Netincome(loss) ............................... $ (0.59) $ 0.04 $ 0.63 $ 0.42
Weighted average number of common and common
equivalent shares ............................. 432,640 442,163 442,151 442,235
Dividends declared per common share .................. $ — $ — $ — $ 0.05
Common stock market price:
High ......................................... $ 21.05 $ 22.20 $ 20.95 $ 20.70
Low ......................................... 16.80 19.71 17.36 15.75
(a) Certain financial information has been reclassified to conform to the current year’s presentation.
(b) As more fully described in Note 14 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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