EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF (LOSS) EARNINGS TO FIXED CHARGES
| (Unaudited; in thousands, except ratios) | For the Nine Months Ended September 30, 2017 | For the Years Ended December 31, | |||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
| (Loss) Earnings Available for Fixed Charges: | |||||||||||||||||||||||
| (Loss) income from continuing operations before income taxes | $ | (158,151 | ) | $ | 409,742 | $ | 463,915 | $ | 586,910 | $ | 1,099,128 | $ | 945,045 | ||||||||||
| Add: | |||||||||||||||||||||||
| Interest expense | 68,557 | 95,118 | 85,270 | 79,271 | 78,505 | 88,835 | |||||||||||||||||
| Appropriate portion of rents (a) | 34,157 | 36,708 | 38,297 | 40,291 | 37,006 | 33,736 | |||||||||||||||||
| (Loss) earnings available for fixed charges | $ | (55,437 | ) | $ | 541,568 | $ | 587,482 | $ | 706,472 | $ | 1,214,639 | $ | 1,067,616 | ||||||||||
| Fixed Charges: | |||||||||||||||||||||||
| Interest expense | $ | 68,557 | $ | 95,118 | $ | 85,270 | $ | 79,271 | $ | 78,505 | $ | 88,835 | |||||||||||
| Appropriate portion of rents (a) | 34,157 | 36,708 | 38,297 | 40,291 | 37,006 | 33,736 | |||||||||||||||||
| Fixed charges | $ | 102,714 | $ | 131,826 | $ | 123,567 | $ | 119,562 | $ | 115,511 | $ | 122,571 | |||||||||||
| Ratio of (loss) earnings to fixed charges | (b) | 4.11 X | 4.75 X | 5.91 X | 10.52 X | 8.71 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 nine months ended September 30, 2017 were inadequate to cover fixed charges by $158.1 million. |