EX-12.0 3 mat63016ex120.htm EXHIBIT 12.0 Exhibit


EXHIBIT 12.0
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.
2016
 
 
For the Years Ended December 31,
2015
 
2014
 
2013
 
2012
 
2011
(Loss) Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
(Loss) Income from continuing operations before income taxes
$
(123,231
)
 
$
463,915

 
$
586,910

 
$
1,099,128

 
$
945,045

 
$
970,673

Add:
 
 
 
 
 
 
 
 
 
Interest expense
45,144

 
85,270

 
79,271

 
78,505

 
88,835

 
75,332

Appropriate portion of rents (a)
17,882

 
38,297

 
40,291

 
37,006

 
33,736

 
30,696

(Loss) Earnings available for fixed charges
$
(60,205
)
 
$
587,482

 
$
706,472

 
$
1,214,639

 
$
1,067,616

 
$
1,076,701

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
45,144

 
$
85,270

 
$
79,271

 
$
78,505

 
$
88,835

 
$
75,332

Appropriate portion of rents (a)
17,882

 
38,297

 
40,291

 
37,006

 
33,736

 
30,696

Fixed charges
$
63,026

 
$
123,567

 
$
119,562

 
$
115,511

 
$
122,571

 
$
106,028

Ratio of (loss) earnings to fixed charges
(b)

 
4.75 X

 
5.91 X

 
10.52 X

 
8.71 X

 
10.15 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, 2016 were inadequate to cover fixed charges by $123.2 million.