EX-12 3 a2152676zex-12.txt EXHIBIT 12 EXHIBIT 12 HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Fiscal Years Ended in December (Thousands of Dollars)
2004 2003 2002 2001 2000 ---- ---- ---- ---- ---- Earnings available for fixed charges: Net earnings (loss) $ 195,977 157,664 (170,674) 59,732 (144,631) Add: Cumulative effect of accounting change - 17,351 245,732 1,066 - Fixed charges 43,890 68,467 99,209 126,323 135,302 Taxes on income 64,111 69,049 29,030 35,401 (81,355) ------- ------- ------- ------- ------- Total $ 303,978 312,531 203,297 222,522 (90,684) ======= ======= ======= ======= ======= Fixed charges: Interest on long-term debt $ 27,813 44,461 69,480 86,244 74,206 Other interest charges 3,205 6,413 8,019 17,444 40,215 Amortization of debt expense 680 1,588 1,843 3,031 1,724 Rental expense representa- tive of interest factor 12,192 16,005 19,867 19,604 19,157 ------- ------- ------- ------- ------- Total $ 43,890 68,467 99,209 126,323 135,302 ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 6.93 4.56 2.05 1.76 (0.67) ======= ======= ======= ======= =======