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, 2014 |
For the Years Ended December 31, | ||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 370,388 | $ | 1,099,128 | $ | 945,045 | $ | 970,673 | $ | 846,825 | $ | 660,047 | ||||||||||||
Add: Non-controlling interest losses in consolidated subsidiaries | — | — | — | — | — | 222 | ||||||||||||||||||
Add: | ||||||||||||||||||||||||
Interest expense | 57,220 | 78,505 | 88,835 | 75,332 | 64,839 | 71,843 | ||||||||||||||||||
Appropriate portion of rents (a) | 30,212 | 37,006 | 33,736 | 30,696 | 34,544 | 34,439 | ||||||||||||||||||
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Earnings available for fixed charges | $ | 457,820 | $ | 1,214,639 | $ | 1,067,616 | $ | 1,076,701 | $ | 946,208 | $ | 766,551 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 57,220 | $ | 78,505 | $ | 88,835 | $ | 75,332 | $ | 64,839 | $ | 71,843 | ||||||||||||
Appropriate portion of rents (a) | 30,212 | 37,006 | 33,736 | 30,696 | 34,544 | 34,439 | ||||||||||||||||||
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Fixed charges | $ | 87,432 | $ | 115,511 | $ | 122,571 | $ | 106,028 | $ | 99,383 | $ | 106,282 | ||||||||||||
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Ratio of earnings to fixed charges | 5.24 X | 10.52 X | 8.71 X | 10.15 X | 9.52 X | 7.21 X | ||||||||||||||||||
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| (a) | Portion of rental expenses that is deemed representative of an interest factor, which is one-third of total rental expense. |