EXHIBIT 12.1

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF (LOSS) EARNINGS TO FIXED CHARGES

(Unaudited; in thousands, except ratios)	For the Six Months Ended June 30, 2017			For the Years Ended December 31,
				2016		2015		2014		2013		2012
(Loss) Earnings Available for Fixed Charges:
(Loss) income from continuing operations before income taxes	$	(219,414	)	$	409,742	$	463,915	$	586,910	$	1,099,128	$	945,045
Add:
Interest expense		43,911			95,118		85,270		79,271		78,505		88,835
Appropriate portion of rents (a)		21,174			36,708		38,297		40,291		37,006		33,736
(Loss) earnings available for fixed charges	$	(154,329	)	$	541,568	$	587,482	$	706,472	$	1,214,639	$	1,067,616
Fixed Charges:
Interest expense	$	43,911		$	95,118	$	85,270	$	79,271	$	78,505	$	88,835
Appropriate portion of rents (a)		21,174			36,708		38,297		40,291		37,006		33,736
Fixed charges	$	65,085		$	131,826	$	123,567	$	119,562	$	115,511	$	122,571
Ratio of (loss) earnings to fixed charges		(b	)		4.11 X		4.75 X		5.91 X		10.52 X		8.71 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 six months ended June 30, 2017 were inadequate to cover fixed charges by $219.4 million.