EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited; in thousands, except ratios) | For the Nine Months Ended September 30, 2007 | For the Year Ended December 31, | |||||||||||||||||
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 | $ | 359,791 | $ | 683,756 | $ | 652,049 | $ | 696,254 | $ | 740,854 | $ | 621,497 | |||||||
Add: Minority interest losses (income) in consolidated subsidiaries | 17 | 271 | 142 | (93 | ) | 345 | 126 | ||||||||||||
Add: | |||||||||||||||||||
Interest expense | 44,969 | 79,853 | 76,490 | 77,764 | 80,577 | 113,897 | |||||||||||||
Appropriate portion of rents (a) | 19,443 | 25,724 | 20,475 | 18,831 | 16,627 | 16,615 | |||||||||||||
Earnings available for fixed charges | $ | 424,220 | $ | 789,604 | $ | 749,156 | $ | 792,756 | $ | 838,403 | $ | 752,135 | |||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 44,969 | $ | 79,853 | $ | 76,490 | $ | 77,764 | $ | 80,577 | $ | 113,897 | |||||||
Capitalized interest | — | — | — | — | — | 43 | |||||||||||||
Appropriate portion of rents (a) | 19,443 | 25,724 | 20,475 | 18,831 | 16,627 | 16,615 | |||||||||||||
Fixed charges | $ | 64,412 | $ | 105,577 | $ | 96,965 | $ | 96,595 | $ | 97,204 | $ | 130,555 | |||||||
Ratio of earnings to fixed charges | 6.59 X | 7.48 X | 7.73 X | 8.21 X | 8.63 X | 5.76 X | |||||||||||||
(a) | Portion of rental expenses that is deemed representative of an interest factor, which is one-third of total rental expense. |