EX-12.0 2 d673236dex120.htm EX-12.0 EX-12.0

EXHIBIT 12.0

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Unaudited; in thousands, except ratios)

   For the Three
Months Ended
March 31,
2014		     For the Years Ended December 31,  
    2013     2012     2011     2010     2009  

Earnings Available for Fixed Charges:

          

Income from continuing operations before income taxes

   $ (9,421 )    $   1,099,128      $ 945,045      $ 970,673      $ 846,825      $ 660,047   

Add: Non-controlling interest losses in consolidated subsidiaries

     —          —          —          —          —          222   

Add:

          

Interest expense

     17,246        78,505        88,835        75,332        64,839        71,843   

Appropriate portion of rents (a)

     9,351        37,006        33,736        30,696        34,544        34,439   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

   $ 17,176      $ 1,214,639      $   1,067,616      $   1,076,701      $      946,208      $      766,551   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

          

Interest expense

   $ 17,246      $ 78,505      $ 88,835      $ 75,332      $ 64,839      $ 71,843   

Appropriate portion of rents (a)

     9,351        37,006        33,736        30,696        34,544        34,439   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

   $ 26,597      $ 115,511      $ 122,571      $ 106,028      $ 99,383      $ 106,282   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

     (b )      10.52 X        8.71 X        10.15 X        9.52 X        7.21 X   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) Portion of rental expenses that is deemed representative of an interest factor, which is one-third of total rental expense.
(b) Earnings for the three months ended March 31, 2014 were inadequate to cover fixed charges by $9.4 million.