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 Three
Months Ended

March 31,

2007

     For the Year Ended December 31,
  

(Unaudited; in thousands, except ratios)

      2006
     2005
     2004
     2003
     2002
  

Earnings Available for Fixed Charges:

                                                 

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

    $ 15,638     $ 683,756     $ 652,049     $ 696,254     $ 740,854     $ 621,497  

Add: Minority interest losses (income) in consolidated subsidiaries

      116       271       142       (93 )     345       126  

Add:

                                                 

Interest expense

      14,483       79,853       76,490       77,764       80,577       113,897  

Appropriate portion of rents (a)

      6,106       25,724       20,475       18,831       16,627       16,615  
    
 
 
 
 
 

Earnings available for fixed charges

    $ 36,343     $ 789,604     $ 749,156     $ 792,756     $ 838,403     $ 752,135  
    
 
 
 
 
 

Fixed Charges:

                                                 

Interest expense

    $ 14,483     $ 79,853     $ 76,490     $ 77,764     $ 80,577     $ 113,897  

Capitalized interest

      —         —         —         —         —         43  

Appropriate portion of rents (a)

      6,106       25,724       20,475       18,831       16,627       16,615  
    
 
 
 
 
 

Fixed charges

    $ 20,589     $ 105,577     $ 96,965     $ 96,595     $ 97,204     $ 130,555  
    
 
 
 
 
 

Ratio of earnings to fixed charges

      1.77 X     7.48 X     7.73 X     8.21 X     8.63 X     5.76 X
    
 
 
 
 
 

 

(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense.