EX-12.0 4 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 Six
Months Ended

June 30,

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

    $ 52,103     $ 683,756     $ 652,049     $ 696,254     $ 740,854     $ 621,497  

Add: Minority interest losses (income) in consolidated subsidiaries

      (98 )     271       142       (93 )     345       126  

Add:

             

Interest expense

      28,615       79,853       76,490       77,764       80,577       113,897  

Appropriate portion of rents (a)

      12,593       25,724       20,475       18,831       16,627       16,615  
                                                

Earnings available for fixed charges

    $ 93,213     $ 789,604     $ 749,156     $ 792,756     $ 838,403     $ 752,135  
                                                

Fixed Charges:

             

Interest expense

    $ 28,615     $ 79,853     $ 76,490     $ 77,764     $ 80,577     $ 113,897  

Capitalized interest

      —         —         —         —         —         43  

Appropriate portion of rents (a)

      12,593       25,724       20,475       18,831       16,627       16,615  
                                                

Fixed charges

    $ 41,208     $ 105,577     $ 96,965     $ 96,595     $ 97,204     $ 130,555  
                                                

Ratio of earnings to fixed charges

      2.26 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.