EX-12.0 17 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 Year  

(Unaudited; in thousands, except ratios)

   2008     2007     2006     2005     2004  

Earnings Available for Fixed Charges:

          

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

   $ 487,964     $ 703,398     $ 683,756     $ 652,049     $ 696,254  

Add: Minority interest losses (income) in consolidated subsidiaries

     262       255       271       142       (93 )

Add:

          

Interest expense

     81,944       70,974       79,853       76,490       77,764  

Appropriate portion of rents (a)

     29,833       28,245       25,724       20,475       18,831  
                                        

Earnings available for fixed charges

   $ 600,003     $ 802,872     $ 789,604     $ 749,156     $ 792,756  
                                        

Fixed Charges:

          

Interest expense

   $ 81,944     $ 70,974     $ 79,853     $ 76,490     $ 77,764  

Appropriate portion of rents (a)

     29,833       28,245       25,724       20,475       18,831  
                                        

Fixed charges

   $ 111,777     $ 99,219     $ 105,577     $ 96,965     $ 96,595  
                                        

Ratio of earnings to fixed charges

     5.37 X     8.09 X     7.48 X     7.73 X     8.21 X
                                        

 

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