EX-12.0 5 dex120.htm COMPUTATION OF EARNINGS TO FIXED CHARGES Computation of Earnings to Fixed Charges

EXHIBIT 12.0

 

MATTEL, INC. AND SUBSIDIARIES

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Unaudited; in thousands, except ratios)

    For the Year  
   2007     2006     2005     2004     2003  

Earnings Available for Fixed Charges:

           

Income from continuing operations before income taxes and cumulative effect of changes in accounting principles

    $ 703,398     $ 683,756     $ 652,049     $ 696,254     $ 740,854  

Add: Minority interest losses (income) in consolidated subsidiaries

      255       271       142       (93 )     345  

Add:

           

Interest expense

      70,974       79,853       76,490       77,764       80,577  

Appropriate portion of rents (a)

      28,245       25,724       20,475       18,831       16,627  
                                        

Earnings available for fixed charges

    $ 802,872     $ 789,604     $ 749,156     $ 792,756     $ 838,403  
                                        

Fixed Charges:

           

Interest expense

    $ 70,974     $ 79,853     $ 76,490     $ 77,764     $ 80,577  

Appropriate portion of rents (a)

      28,245       25,724       20,475       18,831       16,627  
                                        

Fixed charges

    $ 99,219     $ 105,577     $ 96,965     $ 96,595     $ 97,204  
                                        

Ratio of earnings to fixed charges

      8.09 X     7.48 X     7.73 X     8.21 X     8.63 X
                                        

 

 

(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense.