EX-12.0 10 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

 

     For the Year  

(Unaudited; in thousands, except ratios)

   2010     2009     2008     2007     2006  

Earnings Available for Fixed Charges:

          

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

   $ 846,825      $ 660,047      $ 487,964      $ 703,398      $ 683,756   

Add: Non-controlling interest losses in consolidated subsidiaries

            222        262        255        271   

Add:

          

Interest expense

     64,839        71,843        81,944        70,974        79,853   

Appropriate portion of rents (a)

     34,544        34,439        29,833        28,245        25,724   
                                        

Earnings available for fixed charges

   $ 946,208      $ 766,551      $ 600,003      $ 802,872      $ 789,604   
                                        

Fixed Charges:

          

Interest expense

   $ 64,839      $ 71,843      $ 81,944      $ 70,974      $ 79,853   

Appropriate portion of rents (a)

     34,544        34,439        29,833        28,245        25,724   
                                        

Fixed charges

   $ 99,383      $ 106,282      $ 111,777      $ 99,219      $ 105,577   
                                        

Ratio of earnings to fixed charges

     9.52     7.21     5.37     8.09     7.48
                                        

 

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