EX-12.0 3 dex120.htm COMPUTATION OF EARNINGS TO FIXED CHARGES Computation of Earnings to Fixed Charges

EXHIBIT 12.0

 

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

    

For the Nine
Months Ended

September 30,

2006

    For the Year Ended December 31,

(Unaudited; in thousands, except ratios)                        

       2005
    2004
     2003
    2002
    2001

Earnings Available for Fixed Charges:

                                           

Income from continuing operations before income taxes and cumulative effect of changes in accounting principles

    $ 310,412    $ 652,049    $ 696,254     $ 740,854    $ 621,497    $ 430,010

Add: Minority interest losses (income) in consolidated     subsidiaries

      396      142      (93 )     345      126      170

Add:

                                           

Interest expense

      53,840      76,490      77,764       80,577      113,897      155,132

Appropriate portion of rents (a)

      17,835      20,475      18,831       16,627      16,615      14,923
    
  
  
 
  
  

Earnings available for fixed charges

    $ 382,483    $ 749,156    $ 792,756     $ 838,403    $ 752,135    $ 600,235
    
  
  
 
  
  

Fixed Charges:

                                           

Interest expense

    $ 53,840    $ 76,490    $ 77,764     $ 80,577    $ 113,897    $ 155,132

Capitalized interest

      —        —        —         —        43      6

Appropriate portion of rents (a)

      17,835      20,475      18,831       16,627      16,615      14,923
    
  
  
 
  
  

Fixed charges

    $ 71,675    $ 96,965    $ 96,595     $ 97,204    $ 130,555    $ 170,061
    
  
  
 
  
  

Ratio of earnings to fixed charges

      5.34X      7.73X      8.21X       8.63X      5.76X      3.53X
    
  
  
 
  
  
(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense.