EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited; in thousands, except ratios) | For the Six Months Ended June 30, 2009 | For the Years Ended December 31, | ||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||
(Loss) Income from continuing operations before income taxes | $ | (41,633 | ) | $ | 487,964 | $ | 703,398 | $ | 683,756 | $ | 652,049 | $ | 696,254 | |||||||
Add: Minority interest losses (income) in consolidated subsidiaries | 59 | 262 | 255 | 271 | 142 | (93 | ) | |||||||||||||
Add: | ||||||||||||||||||||
Interest expense | 33,406 | 81,944 | 70,974 | 79,853 | 76,490 | 77,764 | ||||||||||||||
Appropriate portion of rents (a) | 16,889 | 29,833 | 28,245 | 25,724 | 20,475 | 18,831 | ||||||||||||||
Earnings available for fixed charges | $ | 8,721 | $ | 600,003 | $ | 802,872 | $ | 789,604 | $ | 749,156 | $ | 792,756 | ||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 33,406 | $ | 81,944 | $ | 70,974 | $ | 79,853 | $ | 76,490 | $ | 77,764 | ||||||||
Appropriate portion of rents (a) | 16,889 | 29,833 | 28,245 | 25,724 | 20,475 | 18,831 | ||||||||||||||
Fixed charges | $ | 50,295 | $ | 111,777 | $ | 99,219 | $ | 105,577 | $ | 96,965 | $ | 96,595 | ||||||||
Ratio of earnings to fixed charges | (b | ) | 5.37 X | 8.09 X | 7.48 X | 7.73 X | 8.21 X | |||||||||||||
(a) | Portion of rental expenses that is deemed representative of an interest factor, which is one-third of total rental expense. |
(b) | Earnings for the six months ended June 30, 2009 were inadequate to cover fixed charges by approximately $42 million. |