Mattel 2003 Annual Report Download - page 112

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EXHIBIT 11.0
(Page 2 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share amounts)
For the Year Ended December 31, (a)(b)
DILUTED 2003 2002 2001 2000 1999
Income from continuing operations ......... $537,632 $ 455,042 $310,920 $ 170,177 $ 108,387
Deduct: dividends on convertible preferred
stock ............................... — — — — (3,980)
Income available to common stockholders . . . 537,632 455,042 310,920 170,177 104,407
Gain (loss) from discontinued operations, net
of tax ............................... — 27,253 — (601,146) (190,760)
Cumulative effect of change in accounting
principles, net of tax ................... — (252,194) (12,001) — —
Net income (loss) applicable to common
shares .............................. $537,632 $ 230,101 $298,919 $(430,969) $ (86,353)
Applicable Shares for Computation of Income
(Loss) Per Share:
Weighted average common shares
outstanding .......................... 437,020 435,790 430,983 426,166 414,186
Weighted average common equivalent shares
arising from:
Dilutive stock options ............... 5,211 5,355 4,765 960 3,920
Assumed conversion of convertible
preferred stock ................... — — — — 6,510
Stock subscription and other warrants . . . — 147 418 — 606
Nonvested stock .................... — — — — 59
Weighted average number of common and
common equivalent shares .............. 442,231 441,292 436,166 427,126 425,281
Diluted Income (Loss) Per Common Share:
Income from continuing operations ......... $ 1.22 $ 1.03 $ 0.71 $ 0.40 $ 0.25
Gain (loss) from discontinued operations .... — 0.06 — (1.41) (0.45)
Cumulative effect of change in accounting
principles ........................... — (0.57) (0.03) — —
Net income (loss) per common share ........ $ 1.22 $ 0.52 $ 0.68 $ (1.01) $ (0.20)
(a) Consolidated financial information for 1999 has been restated retroactively for the effects of the May 1999
merger with Learning Company, accounted for as a pooling of interests. 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 statements of operations were reclassified to segregate the operating results of the Consumer
Software segment.
(b) Per share data reflect the retroactive effect of the merger with Learning Company in 1999.