EX-12.1 3 b45515a5exv12w1.txt STATEMENT REGARDING COMPUTATION 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)
Three Months Ended Fiscal Years -------------------------------------- Pro Forma ------------------------------------ March 30, 2003 March 31, 2002 2002 2001 2001 2000 1999 1998 ------------------ ------------------ -------- --------- ---- ---- ---- ---- Earnings available for fixed charges: Net earnings (loss) $ 1,189 $(17,058) $(170,674) $67,736 59,732 (144,631) 188,953 206,365 Add: Cumulative effect of accounting change - - 245,732 1,066 1,066 - - - Fixed charges 18,906 24,374 99,209 113,658 126,323 135,302 88,456 53,209 Taxes on income 440 (5,994) 29,030 40,062 35,401 (81,355) 84,892 97,113 --------- -------- --------- -------- ------- ------- ------- ------- Total $ 20,535 $ 1,322 $ 203,297 $222,522 222,522 (90,684) 362,301 356,687 ========= ======== ========= ======== ======= ======= ======= ======= Fixed charges: Interest on long-term debt $ 14,150 $ 18,404 $ 69,480 $73,600 86,244 74,206 25,068 9,688 Other interest charges 872 1,138 8,019 17,444 17,444 40,215 44,272 26,423 Amortization of debt expense 351 448 1,843 3,010 3,031 1,724 425 121 Rental expense representative of interest factor 3,533 4,384 19,867 19,604 19,604 19,157 18,691 16,977 --------- -------- --------- -------- ------- ------- ------- ------- Total $ 18,906 $ 24,374 $ 99,209 $113,658 126,323 135,302 88,456 53,209 ========= ======== ========= ======== ======= ======= ======= ======= Ratio of earnings to fixed charges 1.086 0.05 2.05 1.96 1.76 (0.67) 4.10 6.70 ========= ======== ========= ======== ======= ======= ======= =======