EX-12.0 5 d416679dex120.htm EX-12.0 EX-12.0

EXHIBIT 12.0

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     For the Year  

(Unaudited; in thousands, except ratios)

   2012     2011     2010     2009     2008  

Earnings Available for Fixed Charges:

          

Income from continuing operations before income taxes

   $ 945,045      $ 970,673      $ 846,825      $ 660,047      $ 487,964   

Add: Non-controlling interest losses in consolidated subsidiaries

                          222        262   

Add:

          

Interest expense

     88,835        75,332        64,839        71,843        81,944   

Appropriate portion of rents (a)

     33,736        30,696        34,544        34,439        29,833   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

   $ 1,067,616      $ 1,076,701      $ 946,208      $ 766,551      $ 600,003   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

          

Interest expense

   $ 88,835      $ 75,332      $ 64,839      $ 71,843      $ 81,944   

Appropriate portion of rents (a)

     33,736        30,696        34,544        34,439        29,833   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 122,571      $ 106,028      $ 99,383      $ 106,282      $ 111,777   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     8.71     10.15     9.52     7.21     5.37
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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