EXHIBIT 11.0

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE

	For the Year Ended December 31,
BASIC	2005		2004		2003		2002			2001
	(In thousands, except per share amounts)
Income from continuing operations	$	417,019	$	572,723	$	537,632	$	455,042		$	310,920
Gain from discontinued operations, net of tax		—		—		—		27,253			—
Cumulative effect of change in accounting principles, net of tax		—		—		—		(252,194	)		(12,001	)
Net income applicable to common shares	$	417,019	$	572,723	$	537,632	$	230,101		$	298,919
Applicable Shares for Computation of Net Income Per Share:
Weighted average common shares outstanding		407,402		419,235		437,020		435,790			430,983
Net Income Per Common Share—Basic:
Income from continuing operations	$	1.02	$	1.37	$	1.23	$	1.04		$	0.72
Gain from discontinued operations		—		—		—		0.06			—
Cumulative effect of change in accounting principles		—		—		—		(0.58	)		(0.03	)
Net income per common share	$	1.02	$	1.37	$	1.23	$	0.52		$	0.69
DILUTED
Income from continuing operations	$	417,019	$	572,723	$	537,632	$	455,042		$	310,920
Gain from discontinued operations, net of tax		—		—		—		27,253			—
Cumulative effect of change in accounting principles, net of tax		—		—		—		(252,194	)		(12,001	)
Net income applicable to common shares	$	417,019	$	572,723	$	537,632	$	230,101		$	298,919
Applicable Shares for Computation of Net Income Per Share:
Weighted average common shares outstanding		407,402		419,235		437,020		435,790			430,983
Weighted average common equivalent shares arising from:
Dilutive stock options and restricted stock		3,637		3,858		5,211		5,355			4,765
Stock subscription and other warrants		—		—		—		147			418
Weighted average number of common and common equivalent shares		411,039		423,093		442,231		441,292			436,166
Net Income Per Common Share—Diluted:
Income from continuing operations	$	1.01	$	1.35	$	1.22	$	1.03		$	0.71
Gain from discontinued operations		—		—		—		0.06			—
Cumulative effect of change in accounting principles		—		—		—		(0.57	)		(0.03	)
Net income per common share	$	1.01	$	1.35	$	1.22	$	0.52		$	0.68