EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Nine September 30, 2006 | For the Year Ended December 31, | ||||||||||||||||||
(Unaudited; in thousands, except ratios) | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||
Earnings Available for Fixed Charges: | |||||||||||||||||||
Income from continuing operations before income taxes and cumulative effect of changes in accounting principles | $ | 310,412 | $ | 652,049 | $ | 696,254 | $ | 740,854 | $ | 621,497 | $ | 430,010 | |||||||
Add: Minority interest losses (income) in consolidated subsidiaries | 396 | 142 | (93 | ) | 345 | 126 | 170 | ||||||||||||
Add: | |||||||||||||||||||
Interest expense | 53,840 | 76,490 | 77,764 | 80,577 | 113,897 | 155,132 | |||||||||||||
Appropriate portion of rents (a) | 17,835 | 20,475 | 18,831 | 16,627 | 16,615 | 14,923 | |||||||||||||
Earnings available for fixed charges | $ | 382,483 | $ | 749,156 | $ | 792,756 | $ | 838,403 | $ | 752,135 | $ | 600,235 | |||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 53,840 | $ | 76,490 | $ | 77,764 | $ | 80,577 | $ | 113,897 | $ | 155,132 | |||||||
Capitalized interest | — | — | — | — | 43 | 6 | |||||||||||||
Appropriate portion of rents (a) | 17,835 | 20,475 | 18,831 | 16,627 | 16,615 | 14,923 | |||||||||||||
Fixed charges | $ | 71,675 | $ | 96,965 | $ | 96,595 | $ | 97,204 | $ | 130,555 | $ | 170,061 | |||||||
Ratio of earnings to fixed charges | 5.34X | 7.73X | 8.21X | 8.63X | 5.76X | 3.53X | |||||||||||||
(a) | Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense. |