EX-12.0 2 d386491dex120.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,
2012
    For the Years Ended December 31,  
    2011     2010     2009     2008     2007  

Earnings Available for Fixed Charges:

           

Income from continuing operations before income taxes

  $ 588,376      $ 970,673      $ 846,825      $ 660,047      $ 487,964      $ 703,398   

Add: Non-controlling interest losses in consolidated subsidiaries

    —          —          —          222        262        255   

Add:

           

Interest expense

    65,352        75,332        64,839        71,843        81,944        70,974   

Appropriate portion of rents (a)

    26,696        30,696        34,544        34,439        29,833        28,245   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

  $ 680,424      $ 1,076,701      $ 946,208      $ 766,551      $ 600,003      $ 802,872   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

           

Interest expense

  $ 65,352      $ 75,332      $ 64,839      $ 71,843      $ 81,944      $ 70,974   

Appropriate portion of rents (a)

    26,696        30,696        34,544        34,439        29,833        28,245   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

  $ 92,048      $ 106,028      $ 99,383      $ 106,282      $ 111,777      $ 99,219   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

    7.39 X        10.15 X        9.52 X        7.21 X        5.37 X        8.09 X   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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