EX-12.1 3 b44287h2exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Fiscal Years Ended in December (Thousands of Dollars)
Six Months Ended Fiscal Years --------------------------- Pro Forma -------------------------------------------- June 30, 2002 July 1, 2001 2001 2001 2000 1999 1998 1997 ------------- ------------ --------- ---- ---- ---- ---- ---- Earnings available for fixed charges: Net earnings (loss) $(288,678) $(43,355) $67,736 59,732 (144,631) 188,953 206,365 134,986 Add: Cumulative effect of accounting change 245,732 1,066 1,066 1,066 - - - - Fixed charges 47,850 62,459 113,658 126,323 135,302 88,456 53,209 43,893 Taxes on income (15,089) (19,900) 40,062 35,401 (81,355) 84,892 97,113 69,539 --------- -------- -------- ------- ------- ------- ------- ------- Total $ (10,185) $ 270 $222,522 222,522 (90,684) 362,301 356,687 248,418 ========= ======== ======== ======= ======= ======= ======= ======= Fixed charges: Interest on long-term debt $ 35,909 $ 43,336 $73,600 86,244 74,206 25,068 9,688 7,348 Other interest charges 1,950 7,875 17,444 17,444 40,215 44,272 26,423 20,138 Amortization of debt expense 984 1,021 3,010 3,031 1,724 425 121 377 Rental expense representative of interest factor 9,007 10,227 19,604 19,604 19,157 18,691 16,977 16,030 --------- -------- -------- ------- ------- ------- ------- ------- Total $ 47,850 $ 62,459 $113,658 126,323 135,302 88,456 53,209 43,893 ========= ======== ======== ======= ======= ======= ======= ======= Ratio of earnings to fixed charges (0.21) 0.00 1.96 1.76 (0.67) 4.10 6.70 5.66 ========= ======== ======== ======= ======= ======= ======= =======