EX-12.1 3 b44944a3exv12w1.txt STATEMENT REGARDING COMPUATION OF RATIOS EXHIBIT 12.1 HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Fiscal Years Ended in December (Thousands of Dollars)
Nine Months Ended Fiscal Years -------------------------------------- Pro Forma -------------------------------------------- September 29, 2002 September 30, 2001 2001 2001 2000 1999 1998 1997 ------------------ ------------------ --------- ---- ---- ---- ---- ---- Earnings available for fixed charges: Net earnings (loss) $(232,830) $ 7,247 $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 72,637 94,233 113,658 126,323 135,302 88,456 53,209 43,893 Taxes on income 4,533 3,912 40,062 35,401 (81,355) 84,892 97,113 69,539 --------- -------- -------- ------- ------- ------- ------- ------- Total $ 90,072 $106,458 $222,522 222,522 (90,684) 362,301 356,687 248,418 ========= ======== ======== ======= ======= ======= ======= ======= Fixed charges: Interest on long-term debt $ 51,670 $ 65,089 $73,600 86,244 74,206 25,068 9,688 7,348 Other interest charges 4,086 12,238 17,444 17,444 40,215 44,272 26,423 20,138 Amortization of debt expense 1,421 1,532 3,010 3,031 1,724 425 121 377 Rental expense representative of interest factor 15,460 15,374 19,604 19,604 19,157 18,691 16,977 16,030 --------- -------- -------- ------- ------- ------- ------- ------- Total $ 72,637 $ 94,233 $113,658 126,323 135,302 88,456 53,209 43,893 ========= ======== ======== ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 1.24 1.13 1.96 1.76 (0.67) 4.10 6.70 5.66 ========= ======== ======== ======= ======= ======= ======= =======