EX-12.0 9 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)

   2009     2008     2007     2006     2005  

Earnings Available for Fixed Charges:

          

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

   $ 660,047      $ 487,964      $ 703,398      $ 683,756      $ 652,049   

Add: Non-controlling interest losses in consolidated subsidiaries

     222        262        255        271        142   

Add:

          

Interest expense

     71,843        81,944        70,974        79,853        76,490   

Appropriate portion of rents (a)

     34,439        29,833        28,245        25,724        20,475   
                                        

Earnings available for fixed charges

   $ 766,551      $ 600,003      $ 802,872      $ 789,604      $ 749,156   
                                        

Fixed Charges:

          

Interest expense

   $ 71,843      $ 81,944      $ 70,974      $ 79,853      $ 76,490   

Appropriate portion of rents (a)

     34,439        29,833        28,245        25,724        20,475   
                                        

Fixed charges

   $ 106,282      $ 111,777      $ 99,219      $ 105,577      $ 96,965   
                                        

Ratio of earnings to fixed charges

     7.21     5.37     8.09     7.48     7.73
                                        

 

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