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EXHIBIT 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended in December
(Thousands of Dollars)
| 2002 | 2001 | 2000 | 1999 | 1998 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings available for fixed charges: | |||||||||||||
Net earnings (loss) | $ | (170,674 | ) | 59,732 | (144,631 | ) | 188,953 | 206,365 | |||||
Add: | |||||||||||||
Cumulative effect of accounting change | 245,732 | 1,066 | — | — | — | ||||||||
Fixed charges | 99,209 | 126,323 | 135,302 | 88,456 | 53,209 | ||||||||
Taxes on income | 29,030 | 35,401 | (81,355 | ) | 84,892 | 97,113 | |||||||
Total | $ | 203,297 | 222,522 | (90,684 | ) | 362,301 | 356,687 | ||||||
Fixed charges: | |||||||||||||
Interest on long-term debt | $ | 69,480 | 86,244 | 74,206 | 25,068 | 9,688 | |||||||
Other interest charges | 8,019 | 17,444 | 40,215 | 44,272 | 26,423 | ||||||||
Amortization of debt expense | 1,843 | 3,031 | 1,724 | 425 | 121 | ||||||||
Rental expense representative of interest factor | 19,867 | 19,604 | 19,157 | 18,691 | 16,977 | ||||||||
Total | $ | 99,209 | 126,323 | 135,302 | 88,456 | 53,209 | |||||||
Ratio of earnings to fixed charges | 2.05 | 1.76 | (0.67 | ) | 4.10 | 6.70 | |||||||
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HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Fiscal Years Ended in December (Thousands of Dollars)