EX-12.0 3 ex1202017k.htm EXHIBIT 12.0 Exhibit


EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
For the Year
 
(Unaudited; in thousands, except ratios)
2017
 
2016
 
2015
 
2014
 
2013
 
(Loss) Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations before income taxes
$
(504,987
)
  
$
409,742

  
$
463,915

  
$
586,910

  
$
1,099,128

  
Add:
 
 
 
 
 
 
 
 
 
 
Interest expense
105,214

  
95,118

  
85,270

  
79,271

  
78,505

  
Appropriate portion of rents (a)
45,799

  
36,708

  
38,297

  
40,291

  
37,006

  
(Loss) earnings available for fixed charges
$
(353,974
)
  
$
541,568

  
$
587,482

  
$
706,472

  
$
1,214,639

  
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
$
105,214

  
$
95,118

  
$
85,270

  
$
79,271

  
$
78,505

  
Appropriate portion of rents (a)
45,799

  
36,708

  
38,297

  
40,291

  
37,006

  
Fixed charges
$
151,013

  
$
131,826

  
$
123,567

  
$
119,562

  
$
115,511

  
Ratio of (loss) earnings to fixed charges
(b)

X 
4.11

X 
4.75

X 
5.91

X 
10.52

X 
 
(a)
Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-third of total rental expense
(b)
(Loss) earnings available for fixed charges for the year-ended December 31, 2017 were inadequate to cover fixed charges by $505.0 million.