EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Three March 31, 2007 | For the Year Ended December 31, | |||||||||||||||||||||||
(Unaudited; in thousands, except ratios) | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||||||
Income from continuing operations before income taxes and cumulative effect of changes in accounting principles | $ | 15,638 | $ | 683,756 | $ | 652,049 | $ | 696,254 | $ | 740,854 | $ | 621,497 | ||||||||||||
Add: Minority interest losses (income) in consolidated subsidiaries | 116 | 271 | 142 | (93 | ) | 345 | 126 | |||||||||||||||||
Add: | ||||||||||||||||||||||||
Interest expense | 14,483 | 79,853 | 76,490 | 77,764 | 80,577 | 113,897 | ||||||||||||||||||
Appropriate portion of rents (a) | 6,106 | 25,724 | 20,475 | 18,831 | 16,627 | 16,615 | ||||||||||||||||||
Earnings available for fixed charges | $ | 36,343 | $ | 789,604 | $ | 749,156 | $ | 792,756 | $ | 838,403 | $ | 752,135 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 14,483 | $ | 79,853 | $ | 76,490 | $ | 77,764 | $ | 80,577 | $ | 113,897 | ||||||||||||
Capitalized interest | — | — | — | — | — | 43 | ||||||||||||||||||
Appropriate portion of rents (a) | 6,106 | 25,724 | 20,475 | 18,831 | 16,627 | 16,615 | ||||||||||||||||||
Fixed charges | $ | 20,589 | $ | 105,577 | $ | 96,965 | $ | 96,595 | $ | 97,204 | $ | 130,555 | ||||||||||||
Ratio of earnings to fixed charges | 1.77 | X | 7.48 | X | 7.73 | X | 8.21 | X | 8.63 | X | 5.76 | X | ||||||||||||
(a) | Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense. |