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

 

(Unaudited; in thousands, except ratios)

   For the Nine
Months Ended
September 30,
2010		     For the Years Ended December 31,  
    2009     2008     2007     2006     2005  

Earnings Available for Fixed Charges:

            

Income from continuing operations before income taxes

   $ 441,978      $ 660,047      $ 487,964      $ 703,398      $ 683,756      $ 652,049   

Add: Non-controlling interest losses (income) in consolidated subsidiaries

     194        222        262        255        271        142   

Add:

            

Interest expense

     40,910        71,843        81,944        70,974        79,853        76,490   

Appropriate portion of rents (a)

     23,908        34,439        29,833        28,245        25,724        20,475   
                                               

Earnings available for fixed charges

   $ 506,990      $ 766,551      $ 600,003      $ 802,872      $ 789,604      $ 749,156   
                                               

Fixed Charges:

            

Interest expense

   $ 40,910      $ 71,843      $ 81,944      $ 70,974      $ 79,853      $ 76,490   

Appropriate portion of rents (a)

     23,908        34,439        29,833        28,245        25,724        20,475   
                                               

Fixed charges

   $         64,818      $ 106,282      $ 111,777      $ 99,219      $ 105,577      $ 96,965   
                                               

Ratio of earnings to fixed charges

     7.82 X        7.21 X        5.37 X        8.09 X        7.48 X        7.73 X   
                                               

 

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