EX-12.0 9 mat63018ex120.htm EXHIBIT 12.0 Exhibit


EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF (LOSS) EARNINGS TO FIXED CHARGES
 
(Unaudited; in thousands, except ratios)
For the Six
Months Ended
June 30,
2018
 
 
For the Years Ended December 31,
2017
 
2016
 
2015
 
2014
 
2013
(Loss) Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations before income taxes
$
(547,927
)
 
$
(504,987
)
 
$
409,742

 
$
463,915

 
$
586,910

 
$
1,099,128

Add:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
84,546

 
105,214

 
95,118

 
85,270

 
79,271

 
78,505

Appropriate portion of rents (a)
20,411

 
45,799

 
36,708

 
38,297

 
40,291

 
37,006

(Loss) earnings available for fixed charges
$
(442,970
)
 
$
(353,974
)
 
$
541,568

 
$
587,482

 
$
706,472

 
$
1,214,639

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
84,546

 
$
105,214

 
$
95,118

 
$
85,270

 
$
79,271

 
$
78,505

Appropriate portion of rents (a)
20,411

 
45,799

 
36,708

 
38,297

 
40,291

 
37,006

Fixed charges
$
104,957

 
$
151,013

 
$
131,826

 
$
123,567

 
$
119,562

 
$
115,511

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

 
(b)

 
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.
(c)
(Loss) earnings available for fixed charges for the six months ended June 30, 2018 were inadequate to cover fixed charges by $547.9 million.