EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year | ||||||||||||||||||||
(Unaudited; in thousands, except ratios) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 945,045 | $ | 970,673 | $ | 846,825 | $ | 660,047 | $ | 487,964 | ||||||||||
Add: Non-controlling interest losses in consolidated subsidiaries | — | — | — | 222 | 262 | |||||||||||||||
Add: | ||||||||||||||||||||
Interest expense | 88,835 | 75,332 | 64,839 | 71,843 | 81,944 | |||||||||||||||
Appropriate portion of rents (a) | 33,736 | 30,696 | 34,544 | 34,439 | 29,833 | |||||||||||||||
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Earnings available for fixed charges | $ | 1,067,616 | $ | 1,076,701 | $ | 946,208 | $ | 766,551 | $ | 600,003 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 88,835 | $ | 75,332 | $ | 64,839 | $ | 71,843 | $ | 81,944 | ||||||||||
Appropriate portion of rents (a) | 33,736 | 30,696 | 34,544 | 34,439 | 29,833 | |||||||||||||||
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Fixed charges | $ | 122,571 | $ | 106,028 | $ | 99,383 | $ | 106,282 | $ | 111,777 | ||||||||||
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Ratio of earnings to fixed charges | 8.71 | X | 10.15 | X | 9.52 | X | 7.21 | X | 5.37 | X | ||||||||||
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(a) | Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-third of total rental expense. |